Predictiv AI to ramp up sales of its ThermalPass and Alert Fleet platforms in 2021

Predictiv AI Inc (CVE:PAI) (OTCMKTS:INOTF) (FSE:71TA) CEO Michael Lende told shareholders Tuesday that the company plans to increase sales of its ThermalPass and Alert Fleet platforms in 2021. 

“In 2020, we achieved a number of key milestones at Predictiv AI in R&D, sales and marketing, operations and corporate development,” Lende said in a statement. “On behalf of our leadership team and board of directors, I would like to thank our shareholders and strategic partners for their unwavering commitment to the company.”  

He added: “Our goals for 2021 are to continue to extend and strengthen our innovative product portfolio, to ramp up sales of ThermalPass and AlertFleet, both internally as well as through strategic channel partners, and to continue targeting whitespace categories and verticals which we view as innately scalable. In 2021, our focus remains on building the business by increasing revenue and driving shareholder value.”

READ: Predictiv AI receives another 34 orders for its ThermalPass screening system in the past two weeks

ThermalPass was developed to lessen the spread of COVID-19 in high-traffic locations by using thermal medical-grade sensors to take 1,200 temperature readings per second, which 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, with assembly and disassembly expected to take less than 10 minutes.

Alert Fleet is a telematics platform that generates hyperlocal, advanced road weather data, which instantaneously provides real-time hazardous road condition alerts.

While looking ahead to the new year, Predictiv AI also gave a recap of its 2020 corporate highlights:

• Appointed Lende as president, CEO, and board director while expanding management team
• Completed two non-brokered private placement financings for gross proceeds of $2.75 million
• Completed corporate name change to Predictiv AI Inc (formerly Internet of Things Inc)
• Established AI Labs Inc as a wholly owned subsidiary to design and develop new products. The initial innovation from AI Labs from concept to working prototype was ThermalPass
• Established SMRT Labs Inc as a joint venture to commercialize ThermalPass. SMRT Labs is owned 51% by AI Labs and 49% by Commersive Solutions Corp, a developer of point-of-sale technologies for retail
• Commercialized ThermalPass under SMRT Labs, offering the ThermalPass Portable (US$6,900) and ThermalPass Pro (US$7,300)
• Received orders for 62 units of ThermalPass following the commercial launch in mid-October 2020, including initial orders from hospitals, long-term care facilities, and prisons in Canada, as well as hospitals and public schools in the US
• Completed development of Alert Fleet through Weather Telematics Inc, a wholly-owned subsidiary of Predictiv AI
• Formed a new strategic channel partnership with inField Solutions Inc to commercialize Alert Fleet
• Entered into a collaboration agreement with IBI Group Inc and Weather Telematics to develop the Winter Ice and Snow Decision Support System for Operations Management (WISDOM) platform — a resource management and decision support tool to assist in the effective and timely response to winter road conditions.
• Secured a multi-year agreement with Synoptic Data PBC for data provision services to generate seven-figure revenue for Weather Telematics.

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Story by ProactiveInvestors