TORONTO, Nov. 18, 2020 /CNW/ - Predictiv AI
Inc. (TSX VENTURE: PAI) (OTC: INOTF) (FRANKFURT: 71TA) ("Predictiv AI"
or the "Company"), www.predictiv.ai, a software and
solutions provider in the artificial intelligence and industrial
IoT markets, is pleased to provide a sales update on ThermalPass
www.thermalpass.com, its AI-enabled, thermal sensor temperature
screening system.
Predictiv AI is delivering units, against five initial orders,
over the next 45 days. The initial customer base consists of a wide
cross-section of businesses and organizations which include a
convention center, a hospital, a mining company, two manufacturing
plants and a leading industrial conglomerate. The internal sales
and marketing team has also built an extensive pipeline since
ThermalPass' commercial launch 30 days ago. In addition, the
Company has entered into seven strategic reseller contracts with
established sales channels in Canada, the United
States and Europe.
Although purchase agreements are not yet in place, these channel
resellers are expected to significantly accelerate unit orders as
they continue negotiations with several government agencies,
professional sports teams, long term care facilities and North
American financial institutions. Predictiv AI will further update
shareholders as material purchase orders are
received.
"Over the past few weeks, we have been securing initial orders
across Canada and the US for
ThermalPass, to meet the critical needs of organizations and
businesses that are working to ensure they have the essential
systems in place to help mitigate the spread of contagions and
enhance the safety of their environments," said Michael Lende, President and CEO of Predictiv
AI. "We are encouraged by our internal sales activities and
pipeline since our launch and also very excited to be bringing on
board channel resellers to penetrate markets in the province of
Quebec, across the United States and into Europe."
ThermalPass was developed to lessen the spread of COVID-19 and
other fever-bearing contagions in high-traffic locations, such as
supermarkets, schools, office buildings, airports, transit
stations, hospitals, long-term care facilities, movie theaters,
sports arenas and more.
ThermalPass uses thermal medical grade sensors to take
1,200 temperature readings per second. This allows for individual
privacy and adherence to social distancing protocols. The system
allows for 60 people, per minute, to pass through and requires no
recalibrations once set up. ThermalPass is lightweight and
assembles and disassembles in less than 10 minutes at any
designated entryway. It also comes with its own software that
offers enterprise solutions that integrate with exiting software
platforms.
The Company is not making any express or implied claims that its
product has the ability to eliminate, cure or contain the Covid-19
(or SARS-2 Coronavirus) at this time.
For more information on Predictiv AI or ThermalPass, visit:
www.predictiv.ai and follow Predictive AI on:
Facebook:
https://www.facebook.com/PredictivAI/
Twitter:
https://twitter.com/predictivai
LinkedIn:
https://www.linkedin.com/company/predictivai/
About Predictiv AI:
Predictiv AI Inc.
www.predictiv.ai is a technology company which helps businesses and
organizations make smarter decisions using advanced artificial
intelligence, deep machine learning and data science techniques.
Its Weather Telematics Inc. subsidiary uses patented air quality
monitoring sensors to provide predictive weather risk information
to the insurance, logistics, fleet management and public safety
sectors. The Company's R&D division, AI Labs Inc., develops new
products that solve real-world business problems. The joint venture
with Commersive Solutions Corp. is developing innovative
technologies for use in various public spaces, starting with the
ThermalPass™ fever detection system.
Cautionary and Forward-Looking
Statements:
Statements contained in this news release,
which are not historical facts, are forward-looking statements that
involve risk, uncertainties and other factors that could cause
actual results to differ materially from those expressed or implied
by such forward-looking statements. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. All forward-looking statements included in this
news release are based on information available to the Company on
the date hereof. Forward-looking statements are subject to known
and unknown risks, uncertainties and other factors that could cause
actual results of the Company to differ materially from the
conclusion, forecast or projection stated in such forward-looking
statements. These risks, uncertainties and other factors include,
but are not limited to, ThermalPass achieving the commercial
results anticipated by the Company, market demand for ThermalPass
and other factors referenced in the Company's other continuous
disclosure filings, which are available at sedar.com. Readers
should not place undue reliance on these forward-looking
statements. The Company assumes no obligation to update any
forward-looking statements, except as required by applicable
securities laws.
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 PRESS RELEASE.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/predictive-ai-provides-update-on-sales-process-and-pipeline-301175724.html
SOURCE Predictiv AI Inc.
