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$ITOX News:
IIOT-OXYS, Inc. Announces Successful Completion of Proof of Concept and Signs SaaS Contract with Northeast CNC Component Manufacturer
CAMBRIDGE, MA / ACCESSWIRE / June 20, 2023 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys" or the "Company") announced it successfully completed a previously disclosed Proof of Concept (POC) and signed a Software as a Service (SaaS) contract with a Northeast CNC Component Manufacturer. This Small-to-Medium Sized Enterprise is an approved Supply Chain vendor to several Medical Device Original Equipment Manufacturers.
Cliff Emmons, CEO of Oxys, stated, "We are excited this CNC Machining POC customer saw the value we demonstrated and chose to continue our engagement through this Smart Manufacturing SaaS contract. Our IIoT data collection and Predictive Analytics, powered by our proprietary AI & Machine Learning algorithms, demonstrated reduced downtime and increased productivity. We delivered Real-Time Custom Overall Equipment Efficiency Dashboards, including Machine Availability, Cycle Time Analysis, and Alarm Pareto Charts. Our ability to detect variations in very fine machining operations enables Tool Wear Optimization, by extending tool life and preventing tool breakage. This success stems from Oxys's ongoing collaboration with our strategic partner, Aingura IIoT, S.L., who provided equipment, software, and algorithm expertise that complimented Oxys's technical capabilities and customer support which resulted in an excellent customer experience."
The worldwide Industry 4.0 (also known as Smart Manufacturing) market was estimated at $97.6 billion in 2022 and is expected to grow at 18.5% CAGR to $228.3 billion by 2027.1 "Our success with this customer demonstrates our ability to effectively execute POCs that demonstrate value and convert customers to a SaaS contract. We expect the Use Cases and endorsements from this successful ongoing engagement will lead to additional CNC Machining POCs and SaaS contracts contributing to revenue in the second half of 2023 and into 2024. We also expect "beachhead" POCs to be secured in four other Discrete Manufacturing verticals: Metal Stamping, Plastic Extrusion, Plastic Injection Molding, and Automated Assembly & Test. We are on track to meet our third quarter and annual 2023 revenue goals and are confident these targeted sales and marketing efforts will further contribute to exceeding our overall revenue goals in 2023," concluded Mr. Emmons.
About IIOT-OXYS, Inc.
IIOT-OXYS, Inc. (OTC PINK: ITOX) is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. IIOT-OXYS's edge computing open-source hardware and proprietary ML algorithms employ our Minimally Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com.
Forward-Looking Statements
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:
IIOT-OXYS, Inc.
Clifford L. Emmons
CEO
contact@oxyscorp.com
www.oxyscorp.com
$ITOX News:
IIOT-OXYS, Inc. Announces Successful Completion of Proof of Concept and Signs SaaS Contract with Northeast CNC Component Manufacturer
CAMBRIDGE, MA / ACCESSWIRE / June 20, 2023 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys" or the "Company") announced it successfully completed a previously disclosed Proof of Concept (POC) and signed a Software as a Service (SaaS) contract with a Northeast CNC Component Manufacturer. This Small-to-Medium Sized Enterprise is an approved Supply Chain vendor to several Medical Device Original Equipment Manufacturers.
Cliff Emmons, CEO of Oxys, stated, "We are excited this CNC Machining POC customer saw the value we demonstrated and chose to continue our engagement through this Smart Manufacturing SaaS contract. Our IIoT data collection and Predictive Analytics, powered by our proprietary AI & Machine Learning algorithms, demonstrated reduced downtime and increased productivity. We delivered Real-Time Custom Overall Equipment Efficiency Dashboards, including Machine Availability, Cycle Time Analysis, and Alarm Pareto Charts. Our ability to detect variations in very fine machining operations enables Tool Wear Optimization, by extending tool life and preventing tool breakage. This success stems from Oxys's ongoing collaboration with our strategic partner, Aingura IIoT, S.L., who provided equipment, software, and algorithm expertise that complimented Oxys's technical capabilities and customer support which resulted in an excellent customer experience."
The worldwide Industry 4.0 (also known as Smart Manufacturing) market was estimated at $97.6 billion in 2022 and is expected to grow at 18.5% CAGR to $228.3 billion by 2027.1 "Our success with this customer demonstrates our ability to effectively execute POCs that demonstrate value and convert customers to a SaaS contract. We expect the Use Cases and endorsements from this successful ongoing engagement will lead to additional CNC Machining POCs and SaaS contracts contributing to revenue in the second half of 2023 and into 2024. We also expect "beachhead" POCs to be secured in four other Discrete Manufacturing verticals: Metal Stamping, Plastic Extrusion, Plastic Injection Molding, and Automated Assembly & Test. We are on track to meet our third quarter and annual 2023 revenue goals and are confident these targeted sales and marketing efforts will further contribute to exceeding our overall revenue goals in 2023," concluded Mr. Emmons.
About IIOT-OXYS, Inc.
IIOT-OXYS, Inc. (OTC PINK: ITOX) is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. IIOT-OXYS's edge computing open-source hardware and proprietary ML algorithms employ our Minimally Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com.
Forward-Looking Statements
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:
IIOT-OXYS, Inc.
Clifford L. Emmons
CEO
contact@oxyscorp.com
www.oxyscorp.com
$ITOX News:
IIOT-OXYS, Inc. Onboards New Advisor to Accelerate Biotech - Pharma Industry 4.0 Business Vertical
CAMBRIDGE, MA / ACCESSWIRE / June 15, 2023 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys" or the "Company") announced the appointment of William D'Agostino to its Advisory Board as a Technical Sales Consultant for his expertise in Biotechnology and Pharmaceutical Continuous Manufacturing Processes. A full bio for Mr. D'Agostino will be posted on the Company's website.
Cliff Emmons, CEO of Oxys, stated, "We are excited to have Bill join our team to help us drive sales & marketing efforts that will expand the growth of this critical business segment for Oxys, specifically with Biotech & Pharma prospects. He has already identified several qualified leads in these verticals, and we expect our efforts to result in the announcement of a Proof of Concept with a new customer from these verticals by the end of third quarter 2023."
The worldwide Industry 4.0 (also known as Smart Manufacturing) market was estimated at $97.6 B USD in 2022 and is expected to grow at 18.5% CAGR to $228.3 billion by 2027.1 Bringing on Mr. D'Agostino is one of several actions the Company has taken recently to accelerate growth in this critical sector.
"We're confident we'll continue to build on our Smart Manufacturing success with Bill's Continuous Manufacturing expertise. Combined with our proprietary AI and Machine Learning algorithms, strong business partnerships, successful pilots and use cases, along with our extensive network and prospects, we expect these marketing efforts will lead to new business in due time," concluded Mr. Emmons.
About IIOT-OXYS, Inc.
IIOT-OXYS, Inc. (OTC PINK: ITOX) is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. IIOT-OXYS's edge computing open-source hardware and proprietary ML algorithms employ our Minimally Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com.
Forward-Looking Statements
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:
IIOT-OXYS, Inc.
Clifford L. Emmons
CEO
contact@oxyscorp.com
www.oxyscorp.com
$ITOX News:
IIOT-OXYS, Inc. Onboards New Advisor to Accelerate Biotech - Pharma Industry 4.0 Business Vertical
CAMBRIDGE, MA / ACCESSWIRE / June 15, 2023 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys" or the "Company") announced the appointment of William D'Agostino to its Advisory Board as a Technical Sales Consultant for his expertise in Biotechnology and Pharmaceutical Continuous Manufacturing Processes. A full bio for Mr. D'Agostino will be posted on the Company's website.
Cliff Emmons, CEO of Oxys, stated, "We are excited to have Bill join our team to help us drive sales & marketing efforts that will expand the growth of this critical business segment for Oxys, specifically with Biotech & Pharma prospects. He has already identified several qualified leads in these verticals, and we expect our efforts to result in the announcement of a Proof of Concept with a new customer from these verticals by the end of third quarter 2023."
The worldwide Industry 4.0 (also known as Smart Manufacturing) market was estimated at $97.6 B USD in 2022 and is expected to grow at 18.5% CAGR to $228.3 billion by 2027.1 Bringing on Mr. D'Agostino is one of several actions the Company has taken recently to accelerate growth in this critical sector.
"We're confident we'll continue to build on our Smart Manufacturing success with Bill's Continuous Manufacturing expertise. Combined with our proprietary AI and Machine Learning algorithms, strong business partnerships, successful pilots and use cases, along with our extensive network and prospects, we expect these marketing efforts will lead to new business in due time," concluded Mr. Emmons.
About IIOT-OXYS, Inc.
IIOT-OXYS, Inc. (OTC PINK: ITOX) is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. IIOT-OXYS's edge computing open-source hardware and proprietary ML algorithms employ our Minimally Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com.
Forward-Looking Statements
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:
IIOT-OXYS, Inc.
Clifford L. Emmons
CEO
contact@oxyscorp.com
www.oxyscorp.com
$ITOX News:
IIOT-OXYS, Inc. Wins Another Contract Extension from a Major Northeast State's DOT for Bridge Monitoring
CAMBRIDGE, MA / ACCESSWIRE / June 6, 2023 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys" or the "Company") announced it has received approval for a contract extension from a Department of Transportation (DOT) of a major northeast state to continue monitoring multiple bridges.
https://www.accesswire.com/users/newswire/images/759429/iit-oxys-logo-060523.jpg
Cliff Emmons, CEO of IIOT-OXYS, Inc., stated, "The extension of this contract is validation of the solid value proposition of our bridge monitoring systems by this state's DOT and by the structural engineering firm that is providing oversight on this project. It also substantiates the strength of our strategic partnership with Aingura IIoT, S.L., and the proprietary AI & Machine Learning algorithms we've developed. Our data driven models provide adjunct insights to traditional visual inspections performed by the state's bridge inspectors, and if deployed more broadly, could potentially enhance the management of a state's DOT bridge assets. This bodes well for our company's Structural Health Monitoring (SHM) business, through potential expansion within the state, the rest of the U.S., and globally."
"This success is a direct result of the hard innovative work by Oxys and its partners: Aingura IIoT, S.L., university professors, and commercial structural engineering subject matter experts. It positions us to pursue contracts in SHM worldwide," stated Mr. Emmons.
On November 15, 2021, President Biden signed the $1 trillion infrastructure bill into law. The law allocates $110 billion in funding to repair U.S. roads and bridges and support major, transformational projects. Specifically, the Federal Highway Administration will distribute $26.5 billion to upgrade bridges in states, the District of Columbia, and Puerto Rico over five years under the law. Other reports state that companies such as ours that are involved with connected infrastructure, which includes connected roads and bridges and the underlying "smart" sensor and software technology, are poised to benefit from the new law. Independent research shows that the world-wide Structural Health Monitoring market size is $2.0 billion USD will reach $4.0 billion USD by 2027, growing at a CAGR of 14.6%.1 Mr. Emmons concluded, "This additional contract extension puts Oxys on track to meet its annual revenue goals for 2023. Also, we believe that this U.S. contract extension and ongoing monitoring of some Spanish bridges by Aingura IIoT, S.L. are key to winning future contracts worldwide, and we are confident they will lead to additional new business in due time."
About IIOT-OXYS, Inc.
IIOT-OXYS Inc. (OTC PINK:ITOX) is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. IIOT-OXYS's edge computing open-source hardware and proprietary ML algorithms employ our Minimally Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com.
Forward-Looking Statements
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:
IIOT-OXYS Inc.
Clifford L. Emmons
CEO
contact@oxyscorp.com
www.oxyscorp.com
_____________________________
1 https://www.marketsandmarkets.com/Market-Reports/structural-health-monitoring-market-101431220.html
SOURCE: IIoT-OXYS Inc.
$ITOX News:
IIOT-OXYS, Inc. Wins Another Contract Extension from a Major Northeast State's DOT for Bridge Monitoring
CAMBRIDGE, MA / ACCESSWIRE / June 6, 2023 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys" or the "Company") announced it has received approval for a contract extension from a Department of Transportation (DOT) of a major northeast state to continue monitoring multiple bridges.
https://www.accesswire.com/users/newswire/images/759429/iit-oxys-logo-060523.jpg
Cliff Emmons, CEO of IIOT-OXYS, Inc., stated, "The extension of this contract is validation of the solid value proposition of our bridge monitoring systems by this state's DOT and by the structural engineering firm that is providing oversight on this project. It also substantiates the strength of our strategic partnership with Aingura IIoT, S.L., and the proprietary AI & Machine Learning algorithms we've developed. Our data driven models provide adjunct insights to traditional visual inspections performed by the state's bridge inspectors, and if deployed more broadly, could potentially enhance the management of a state's DOT bridge assets. This bodes well for our company's Structural Health Monitoring (SHM) business, through potential expansion within the state, the rest of the U.S., and globally."
"This success is a direct result of the hard innovative work by Oxys and its partners: Aingura IIoT, S.L., university professors, and commercial structural engineering subject matter experts. It positions us to pursue contracts in SHM worldwide," stated Mr. Emmons.
On November 15, 2021, President Biden signed the $1 trillion infrastructure bill into law. The law allocates $110 billion in funding to repair U.S. roads and bridges and support major, transformational projects. Specifically, the Federal Highway Administration will distribute $26.5 billion to upgrade bridges in states, the District of Columbia, and Puerto Rico over five years under the law. Other reports state that companies such as ours that are involved with connected infrastructure, which includes connected roads and bridges and the underlying "smart" sensor and software technology, are poised to benefit from the new law. Independent research shows that the world-wide Structural Health Monitoring market size is $2.0 billion USD will reach $4.0 billion USD by 2027, growing at a CAGR of 14.6%.1 Mr. Emmons concluded, "This additional contract extension puts Oxys on track to meet its annual revenue goals for 2023. Also, we believe that this U.S. contract extension and ongoing monitoring of some Spanish bridges by Aingura IIoT, S.L. are key to winning future contracts worldwide, and we are confident they will lead to additional new business in due time."
About IIOT-OXYS, Inc.
IIOT-OXYS Inc. (OTC PINK:ITOX) is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. IIOT-OXYS's edge computing open-source hardware and proprietary ML algorithms employ our Minimally Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com.
Forward-Looking Statements
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:
IIOT-OXYS Inc.
Clifford L. Emmons
CEO
contact@oxyscorp.com
www.oxyscorp.com
_____________________________
1 https://www.marketsandmarkets.com/Market-Reports/structural-health-monitoring-market-101431220.html
SOURCE: IIoT-OXYS Inc.