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.
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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.
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SOURCE Internet of Things Inc.
For further information: Company Contact: Michael Lende, President & CEO, Mobile: 416-884-5911, Email: [email protected]; Media Contact: Dwain Schenck, Schenck Strategies, Mobile: 203-223-5230, Email: [email protected]