TORONTO, May 26, 2020 /CNW/ - Internet of Things
Inc. (TSX VENTURE: ITT) (OTC: INOTF)
(FRANKFURT: 71T) ("ITT
Inc." or the "Company") www.iotintl.com, a software
and solutions provider in the artificial intelligence and
industrial IoT markets, is pleased to announce that Health Canada
has authorized the interim marketing and sales of its fever
detection system, ThermalPass www.thermalpass.com. Health
Canada has done so under its
fast-tracked Medical Device Establishment License ("MDEL")
application process established to help combat COVID-19.
ThermalPass, developed jointly by AI Labs Inc., a wholly owned
subsidiary of ITT Inc. and Commersive Solutions Corp, is designed
to enhance public safety to reduce the risk of spreading COVID-19
and other fever-bearing contagions. The system will provide fast,
touch-free scanning of multiple people at entranceways of
high-traffic locations including bus and train stations, schools,
malls, office buildings, sports venues, and other public
spaces.
"Regulatory approval from Health Canada to commercialize
ThermalPass is a significant achievement as the Company
prepares for imminent POC testing." said Michael Lende, President and CEO of Internet of
Things Inc. "We would like to thank Health Canada for their rapid
review of our submission, allowing us to proceed with the rollout
of ThermalPass."
The ThermalPass system offers unique and distinctive
competencies over other fever detecting devices as it uses sensors
versus cameras. Infrared cameras are less accurate, more expensive,
obtrusive to personal space and infringe on privacy.
ThermalPass' sensors are designed to measure temperature
from a distance by detecting an object's infrared energy. The
company's artificial-intelligence-powered system allows for fast,
touch-free scanning of individuals as they pass through the device
without impeding walking speed when entering high-traffic public
locations. The system instantly and quietly alerts security
personnel of any person with a higher-than-normal temperature,
enabling staff to conduct a secondary check and maintain traffic
flow.
For more information on Internet of Things Inc.
visit: www.iotintl.com and follow ITT on:
Facebook: https://www.facebook.com/InternetofThingsInc/
Twitter:
https://twitter.com/ITTintl
LinkedIn: https://www.linkedin.com/company/internet-of-things-inc-/
About Internet of Things Inc. (TSX VENTURE: ITT)
(OTC: INOTF) (FRANKFURT:
71T): Internet of Things Inc. 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 receiving final Health Canada
approval; 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.
SOURCE Internet of Things Inc.