TORONTO, June 29, 2020 /CNW/ - Internet of Things
Inc. (TSX VENTURE: ITT) (OTC: INOTF) (FRANKFURT: 71T) ("ITT Inc." or the
"Company"), a software and solutions provider in the
artificial intelligence and industrial IoT markets, further it is
press release of May 27, 2020, is
providing an update on the status of the filing of its annual
financial statements, including the accompanying management's
discussion and analysis, and related CEO and CFO certifications for
its financial year ended January 31,
2020 (the "Annual Filings"), and the filing of its interim
financial statements, including the accompanying management's
discussion and analysis, and related CEO and CFO certifications for
the three-month period ended April 30,
2020 (the "Interim Filings").
On March 18, 2020, the Canadian
Securities Administrators ("CSA") issued a notice stating that
securities regulators will be providing coordinated relief
consisting of a 45-day extension for certain periodic filings
required to be made on or prior to June 1,
2020 as a result of the COVID-19 pandemic, which was further
updated on May 20, 2020 to extend the
relief for filings required to be made between June 2, 2020 and August
31, 2020.
The Company will be relying on this extension period due to
delays experienced as a result of the COVID-19 pandemic with
respect to the Annual Filings and the Interim Filings.
The Company continues to work diligently and expeditiously with
its auditors to file the Annual Filings on or before July 15, 2020. In addition, the Company intends
to file the Interim Filings on or before August 13, 2020. In the interim, members of
the Company's management and other insiders are subject to a
trading black-out policy that reflects the principles in section 9
of National Policy 11-207.
The Company confirms that since the filing of its interim
consolidated financial statements for the period ended October 31, 2019, there have been no material
business developments other than those disclosed through news
releases and filed under the Company's SEDAR profile at
www.sedar.com
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
is developing innovative technologies for use in various public
spaces, starting with the ThermalPass fever detection system. Based
in Toronto, Canada, the Company
also has a joint venture channel partnership with Shanghai New Hope
Data Technology Co. Ltd.
Follow Internet of Things On:
Facebook:
https://www.facebook.com/InternetofThingsInc/
Twitter: https://twitter.com/iotintl
LinkedIn:
https://www.linkedin.com/company/internet-of-things-inc-/
To learn more, visit: www.iotintl.com
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. 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 TSXV NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE
SOURCE Internet of Things Inc.