EdgeTI Selected by the OECIF for Real-time Operational Energy Situational Awareness and Energy Informed Planning
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Awarded Study to Deliver Greater Effectiveness and Situational Awareness in Operational Energy (OE) with edgeCore Platform
Arlington, Virginia--(Newsfile Corp. - April 4, 2024) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5i) ("edgeTI", "Edge Technologies", "Company"), a leading provider of real-time digital operations software known as Digital Twins, is pleased to announce its participation and selection in the FY24 Operational Energy Capability Improvement Fund's (OECIF) Commanding Energy Call for Proposals. Among forty-eight entries in the Commanding Energy category, Real-time Operational Energy Situational Awareness and Energy Informed Planning" (RESAP) proposal was selected and features the edgeTI edgeCore™ Platform.
OECIF is the DoD's premier joint operational energy investment program. The mission of the OECIF program is to guide operational energy innovation via targeted science and technology investments that focus on first-of-a-kind innovations. OECIF operates in collaboration with the US armed services and is structured to leverage, not replicate, the existing infrastructure and organization.
"With edgeCore, we have a history of improving management effectiveness, managing key performance indicators, enhancing analysis, and simplifying training in complex environments," said Jim Barrett, CEO of edgeTI.
The RESAP one-year study focuses on securely extracting Key Performance Indicators (KPI's) from existing energy management and weapon systems databases to construct real-time situational awareness dashboards for effective Operational Energy (OE) Informed Planning within the Combined Joint All Domain Command & Control (CJADC2).
Situational awareness was created years ago in military colleges and war rooms as well as NASA "mission control" environments. New digital technologies like data mesh, AI, automation, and composable apps are transforming complex systems and siloed data into virtual, intuitive models of real-world systems and operations. These digital twins help people see across their systems to focus on what's important. According to MarketsandMarkets, a global analysts firm. Digital Twin global revenues are estimated to grow at over 61.3 % CAGR from 2023 to 2028.
About edgeTI
edgeTI helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore™ that unites multiple software applicates and data sources into one immersive experience called a Digital Twin. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid journeys via the platform's low-code development capability and composable operations. With edgeCore, customers can improve their margins and agility by rapidly transforming siloed systems and data across continuously evolving situations in business, technology, and cross-domain operations - helping them achieve the impossible.
Website: https://edgeti.com
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For more information, please contact:
Nick Brigman, Analyst and Press Relations
Phone: 888-771-3343
Email: ir@edgeti.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information and Statements
Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions.
Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include the competition and general economic, and market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Edge Total Intelligence Inc. April 4, 2024, 3:01 AM EST
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204267
FAQ
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