TORONTO, July 2, 2020 /CNW/ - Internet of Things
Inc. (TSXV: 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 its fever detection system, ThermalPass
www.thermalpass.com was featured on Reuters TV as one of the go-to
thermal body temperature scanners to help economies around the
world start to open up post-COVID-19. The story is titled, "Demand
for thermal devices skyrockets in coronavirus times." Reuter's is
seen and read by over 1 billion people a day and boasts more than
33 million unique monthly visitors.
The report focuses on companies looking to remain open and
protect workers which has sent orders of thermal-based fever
detection systems skyrocketing. The article goes on to say how
ThermalPass is a medical grade touchless sensor body temperature
device that scans the body 20-times per second looking for a
temperature threshold level typically above 98.6 degrees
Fahrenheit.
ThermalPass, developed jointly by AI Labs Inc., a wholly owned
subsidiary of ITT Inc. and Commersive Solutions Corp, is designed
to enhance public safety by providing fast, touch-free scanning of
multiple people at entranceways of high-traffic, public locations
to reduce the risk of spreading COVID-19 and other fever-bearing
contagions. Traditional thermal camera solutions come with privacy
issues and are very expensive, costing as much as $15,000 compared to ThermalPass, which provides
more accurate and anonymous readings, starting at $6,900.
"ThermalPass is an innovation inspired out of necessity to help
get this crippled economy back to normal, to get people out of
their houses, to get people in malls, to get people back in the
office in a post-COVID world," said Michael
Lende, president and CEO of ThermalPass' parent company
Internet of Things Inc. "Unlike camera solutions, our touchless
medical grade sensor based ThermalPass does not breech privacy nor
social distancing, as it does not require human intervention, and
is more accurate with 400 temperature readings per second. People
do not have to slow down as they go through ThermalPass."
The global thermal-imaging market is estimated to grow to
$4.6 billion by 2025 from
$3.4 billion this year, according to
research firm Markets and Markets. International airports were the
early adopters, preferring camera-mounted scanners that would not
slow down security checks on passengers.
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 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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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.
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SOURCE Internet of Things Inc.
