TORONTO, March 23, 2021 /CNW/ - Predictiv AI Inc.
(TSXV: PAI) (OTC: INOTF) (FSE: 71TA) ("Predictiv AI" or the
"Company"), www.predictiv.ai, a software and
solutions provider in the artificial intelligence markets is
pleased to announce that its wholly-owned subsidiary, Weather
Telematics Inc. ("WTX"), has formalized a strategic product
integration partnership with Propel IT Inc. ("Propel"). The
new partnership will significantly enhance available real-time data
to which drivers and dispatchers can access. WTX's hyperlocal,
advanced road weather hazard alert system warns drivers of
impending dangerous conditions such as black ice, poor visibility
and hydroplaning.
Propel is a technology and data company that maximizes safety
and efficiency in commercial fleets, who have been serving the
transportation and logistics industry in the United States for
more than 9 years. Propel is focused on improving driver safety,
lowering insurance costs, and reducing environmental impact through
fuel savings. Once commercially deployed and integrated,
the Alert Fleet system will run as a SAAS model with a
monthly recurring revenue component proportionate to the number of
vehicles within a customer's fleet.
"Smarter driving to us means preventing and reducing the impact
of accidents for drivers and others on the road. By integrating
Alert Fleet with our existing software offerings, our users will
now have access to unparalleled real-time advanced hazardous road
condition alerts which greatly enhances our efforts to save lives
and minimize accidents that could otherwise have been preventable,"
said Michael Dieschbourg, President
of Propel IT. "The goal is to constantly improve our products in
order to help improve driver safety, transportation infrastructure
safety and minimize supply chain disruption. Integrating Alert
Fleet enhances our suite of offerings and positions us to be one of
the most unique fleet safety solutions in market."
"The demand for safer driving is always increasing and has been
further heightened as critical supply chains continue to be
challenged by the impact of COVID-19. Since the beginning of the
pandemic, fatal accidents are actually up, while miles driven are
down in the United States," said
Michael Lende, CEO of Predictiv AI.
"With multiple clients in North
America, Propel IT is the ideal fleet solutions company to
integrate with, already having many synergistic clients built into
their network. We're very excited about the opportunity of having
Alert Fleet part of a full end-to-end solution for fleet management
and optimization. We look forward to working with Propel IT on
Alert Fleet and other novel integrations as we continue to
innovate."
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 Propel IT
Propel is a technology and data
company for risk management in fleets and commercial auto insurance
that maximizes safety as well as efficiency in commercial fleets.
With millions of miles, data, and risk hotspots noted across
the United States, Propel has
helped their commercial fleet customers to eliminate critical
events by over 50% via a reduction in adverse
behaviors utilizing big data and benchmarking driver behavior.
Propel offers years of transportation industry experience with a
strong team of professionals who have served over 10,000 drivers
while delivering positive ROI consistently. The Propel software
platform uses proprietary probabilistic models, machine learning
algorithms, and dynamic safety routing to deliver the best results
to our insurance partners and fleets.
About Predictiv AI Inc.
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.
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.
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SOURCE Predictiv AI Inc.
