IIOT-OXYS Inc (ITOX)

[VisionaryInc]

Our principal business is the development and deployment of edge computing solutions for the Industrial Internet of Things – or the IIOT. Edge computing refers to the use of relatively small, relatively inexpensive computing elements that transform raw data collected from a multitude of sensors to actionable knowledge. The term “Edge” refers to the location in space and the moment in time where the cyber world meets the physical world, i.e. where data is collected and processed. For example, the Edge could be a building, a self-driving car, a machine tool within a factory, the entire factory, a power plant, etc.

 

More specifically, we do not seek to generate technology from basic first principles of science and technology, but rather we seek to partner with and license technology from world-leading universities and research institutions such as National Labs. We have already announced our intentions to license technology from MIT and we are in discussions with MIT on that subject. Other examples of research centers that we anticipate working with and are at present having discussions with (no definitive agreements exist as of the date of this filing) include National Labs such as those funded by the US Department of Energy.