IIOT-OXYS Inc (ITOX)

[1maga1]

$ITOX What revenue? $BIIB Biogen???
Pilot contract for large Fortune 500 pharma company resulting in more contracts from the same client.

https://www.globenewswire.com/news-release/2019/03/28/1781269/0/en/IIOT-OXYS-Inc-Announces-the-Award-of-a-New-Contract-from-a-Major-Pharmaceutical-Company.html

As far back as THREE YEARS AGO $ITOX got a contract with a "large Fortune 500 Pharmaceutical Company with offices in North America and Internationally". In a recent interview CEO Emmons states that they are located in Cambridge, MA. Connecting the dots its quite possible we are talking about $BIIB Biogen here.



So we know that $ITOX has technology that medium to large Fortune 500 companies find useful AND the Fortune 500 pharma client is allowing $ITOX to use it as a case study on their website.



https://www.globenewswire.com/news-release/2019/02/19/1734303/0/en/IIOT-OXYS-Inc-Announces-the-Award-of-a-New-Contract-for-a-Major-Pharmaceutical-Company-as-a-Follow-On-to-Previous-Work.html

"Mr. Emmons further elaborated that “this five-figure contract (with additional work expected to be performed as part of this contract) is part of our overall strategy in providing incremental value to customers. Our customer capture process is as follows: We first propose a very simple demonstration and then we negotiate a master service agreement which allows multiple contract awards over a period of time. "

In addition

"this contract is an additional contract awarded as a follow-on to previous work we have done for this client. It is specifically for applying our data analysis algorithms to historical data that this company has been collecting but has hitherto not been analyzed for insights."

So they are getting contracts and apparently performing well as additional contracts are being awarded by the same client.