$ITOX News: IIOT-OXYS, Inc. Onboards New Advisor to Accelerate Industry 4.0 Business Vertical Growth and Announces Upcoming Speaker Event with CEO CAMBRIDGE, MA / ACCESSWIRE / November 18, 2022 / IIOT-OXYS, Inc. (OTC PINK:ITOX) (the "Company") announced the appointment of Robert Mercier to its Advisory Board as a Technical Sales Consultant for his expertise in Smart Manufacturing. A full bio for Mr. Mercier is posted on the Company's website.
Cliff Emmons, CEO of Oxys, stated, "We are excited to have Bob join our team to help us drive sales & marketing efforts that will fuel the growth of this critical business segment for Oxys. In the short time Bob has been working with our COO, Karen McNemar, and myself, he has made a positive impact.
His energy and diligence has helped us ‘move the needle' with our Smart Manufacturing (aka Industry 4.0) market penetration.
We've had strategic meetings to map opportunities and create execution plans.
He's made new introductions that led to securing Non-Disclosure Agreements (NDAs) with new prospects.
More importantly, we expect our efforts to result in the announcement of a new Proof of Concept with a New England based CNC Machining House before the end of our 2022 fourth quarter."
As previously stated, the worldwide Industry 4.0 (also known as Smart Manufacturing) market was estimated at $64.9 billion in 2021 and is expected to grow at 20.6% CAGR to $165.5 billion by 2026.1 Bringing on Mr. Mercier is one of several actions the Company has taken recently to accelerate growth in this critical sector.
Earlier this month, the Company announced the availability of a new interview with Mr. Emmons and IIoT World to discuss leveraging AI and Machine Learning in Smart Manufacturing. Mr. Emmons will be speaking at the IIoT World Manufacturing & Supply Chain Days that are being held on December 7-8, 2022. He will be a panel speaker on the topic of "Cognitive planning and AI-driven Predictive Analytics for Supply Chain in Manufacturing."2 The Company has chosen IIoT World, a leading digital media outlet focused on the Industrial Internet of Things (IIoT) topics, to generate global awareness, demand generation and content co-creation to further accelerate growth.
"Our success in the Smart Manufacturing market will come from multiple factors including leveraging Bob's talents, as well as the marketing strengths and experience from partners like IIoT World, complemented by our strong technology (including our proprietary AI and Machine Learning algorithms). Combined with our 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. Reports Third Quarter Results and Upcoming Investor Conference Call CAMBRIDGE, MA / ACCESSWIRE / November 23, 2022 / IIOT-OXYS, Inc. (OTC PINK:ITOX) announced its financial results for its third quarter ended September 30, 2022, and an upcoming Investor Conference Call on Wednesday, November 30, 2022.
Cliff Emmons, CEO of IIOT-OXYS, Inc. (Oxys) stated, "We're pleased to announce that we kept our revenue promise for the quarter ended September 30th, 2022. As predicted, third quarter revenue exceeded that in second quarter. This makes two consecutive quarters of revenue, which the Company hasn't done since before the pandemic. We are pleased that the momentum of the second quarter's revenue continued into the third quarter and we expect it will continue through the fourth quarter. We also expect revenue for the second half of 2022 will exceed that generated in the first half of 2022. In total, we expect that total revenue for 2022 will be approaching 2019 levels. We continue to gain traction with strategic partners, customers, and potential customers in our key two markets: Smart Manufacturing / Industry 4.0 and Structural Health Monitoring (SHM). These are both high growth markets. Market research shows the worldwide Industry 4.0 market in 2021 was $64.9 billion USD and is projected to be $165.5 billion USD by 2026 (20.6% CAGR)1. Also, the worldwide Structural Health Monitoring industry was $2.0 billion USD in 2021 and will reach $4.0 billion USD by 2027 (CAGR of 14.6%)2. Through our collaborations with Aretas Sensor Networks, we have access to a third market, Indoor Air Quality Monitors, which was estimated at $3.7 billion USD in 2020 and projected to reach $6.4 billion USD in 2027, growing at 8.2% CAGR3."
Those attending the investor conference call will have the opportunity to submit questions concerning the Company to Stuart Smith of SmallCapVoice.Com, Inc. via e-mail: ssmith@smallcapvoice.com by 12:00 PM EST on Monday, November 28th, 2022. No questions will be taken live during the call and the Company plans to address as many appropriate questions as possible.
To access the call on Wednesday, November 30th, 2022 at 5:00 PM EST:
Dial-In Number: 1-857-232-0157
Access Code: 422095
For those unable to participate in the conference call at that time, a replay will be available at https://www.smallcapvoice.com/clients/itox/ shortly after the call has concluded.
About IIOT-OXYS Inc.
IIOT-OXYS, Inc. 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 Contract with Northeast CNC Component Manufacturer for a Smart Manufacturing Proof Of Concept CAMBRIDGE, MA / ACCESSWIRE / December 16, 2022 / IIOT-OXYS, Inc. (OTC PINK:ITOX) (the "Company") announces a new contract with a northeast CNC machined component manufacturer for a Smart Manufacturing Proof Of Concept (POC). This Small-to-Medium Sized Enterprise (SME) is an approved Supply Chain vendor to several Medical Device Original Equipment Manufacturers (OEMs).
Cliff Emmons, CEO of Oxys, stated, "We are thrilled to provide this Smart Manufacturing POC for this new customer. The goal of the POC will be to reduce downtime and increase productivity for critical machined components through IIoT data collection and predictive analytics using our proprietary AI & Machine Learning algorithms. The algorithms will also enable Predictive Maintenance and Tool Optimization which will drive downtime reductions and increase productivity. Our strategic partner, Aingura IIoT, S.L., will work closely with us on the project, providing equipment, software, and supplemental expertise. This news also delivers on our promise of a new POC before the end of our 2022 fourth quarter."
"This POC will commence in January 2023 and is expected to conclude by early second quarter. We fully expect the POC to show significant value that will result in a Software-as-a-Service (SaaS) contract contributing to 2023 revenue, and continuing into 2024," continued Mr. Emmons. The worldwide Industry 4.0 (also known as Smart Manufacturing) market was estimated at $64.9 billion in 2021 and is expected to grow at 20.6% CAGR to $165.5 billion by 2026.[1]
This milestone is the result of several steps the Company has taken to accelerate their growth in their Smart Manufacturing business vertical, including bringing on a new Smart Manufacturing Technical Sales Advisor and partnering with IIoT World, a leading digital media outlet focused on Industrial Internet of Things (IIoT) topics, to generate global awareness, demand generation and content co-creation. "Our recent panel discussion at the IIoT World Manufacturing & Supply Chain Days has provided significant lead generation. Over 1,400 registrants "opted-in" to connect with Oxys (an event sponsor). Over 200 participants viewed our live panel discussion on December 7th. We are currently executing focused marketing and sales efforts to connect with these participants and registrants and promote Oxys Smart Manufacturing capabilities and services. We fully expect this new POC and our marketing efforts will lead to new business in 2023 and beyond", 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
IIOT-OXYS, Inc. Discusses New Smart Manufacturing Proof of Concept Contract in Video Interview with SmallCapVoice.com CAMBRIDGE, MA / ACCESSWIRE / December 20, 2022 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys" or the "Company") announces the availability of a new interview with Cliff Emmons, CEO of IIOT-OXYS, Inc., discussing the recent new contract with a northeast CNC machined component manufacturer for a Smart Manufacturing Proof Of Concept (POC) with Stuart Smith of SmallCapVoice.com.
Mr. Emmons credited this POC contract to his work with Oxys's Smart Manufacturing advisor, Bob Mercier, and stated, "Our heritage in the Medical Device industry and our Voice of Customer skills allowed us to identify the key levers of reduced downtime, Predictive Maintenance methodologies, and Predictive Analytics using AI and Machine Learning as a pathway targeting productivity gains on one of the most critical jobs for this customer. We expect this is a POC that will quickly follow into a Software as a Service (SaaS) contract." "As mentioned previously, our strategic partner, Aingura IIoT, S.L., will work closely with us on the project, providing equipment, software, and supplemental expertise," continued Mr. Emmons. The worldwide Industry 4.0 (also known as Smart Manufacturing) market was estimated at $64.9 billion in 2021 and is expected to grow at 20.6% CAGR to $165.5 billion by 2026.[1]
In the second half of the interview, Mr. Emmons highlighted the excellent results of his recent panel discussion at the IIoT World Manufacturing and Supply Chain Days. Over 200 people "opted in" to view the panel discussion live, and a total of 1,400 registrants "opted in" for the overall event. Mr. Emmons explained how he and his team will be developing these contacts into qualified sales leads in the coming weeks and months. "We're confident that both this POC and these numerous contacts will lead to strong growth for Oxys in 2023," concluded Mr. Emmons.
The entire video interview can be viewed at the following link:
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
IIOT-OXYS, Inc. Signs Distributor Agreement with ElastiSense ApS for Proprietary Sensor Technology
CAMBRIDGE, MA / ACCESSWIRE / January 4, 2023 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys" or the "Company") announces the signing of a non-exclusive Distributor Agreement with Denmark based ElastiSense ApS (“ElastiSense”) for their proprietary sensor technology. ElastiSense’s sensor technology is ideal for structural health monitoring, off-road machinery, factory automation and many other sensing purposes.
Cliff Emmons, Oxys CEO, stated, “We are excited to partner with the ElastiSense team and apply their proprietary sensor technology to two of our important markets – Structural Health Monitoring and Smart Manufacturing. We’re particularly focused on deploying their rugged displacement sensors for discrete smart manufacturing processes and equipment for stamped metal components used in medical devices and other industries.” The worldwide Industry 4.0 (also known as Smart Manufacturing) market was estimated at $64.9 billion in 2021 and is expected to grow at 20.6% CAGR to $165.5 billion by 2026.1 Independent research shows that the world-wide Structural Health Monitoring market size was $2.0 billion USD in 2021 and will reach $4.0 billion USD by 2027, growing at a CAGR of 14.6%.2
Rahim Sarban, ElastiSense CEO, commented, “Our sensors and sensing solutions offer robust and reliable measurement of displacement, frequency, and speed in a wide variety of applications. We’re pleased to sign this agreement with Oxys. Their experience in applying Artificial Intelligence (AI) and Machine Learning technology to Smart Manufacturing goals such as predictive maintenance, reduced downtime, process optimization, and overall productivity, combined with our sensor technology, is the foundation for a successful partnership.” Mr. Emmons concluded, “We’re confident this partnership will lead to additional new business in both our Smart Manufacturing and Structural Health Monitoring verticals in due time."
About ElastiSense ApS.
ElastiSense is a technology company specialized in industrial sensor products utilizing its proprietary technology. ElastiSense offer standard and customized sensors with unique technological features enabling simple and cost-efficient instrumentation and monitoring of industrial assets operating under harsh and all-weather conditions. The data generated by ElastiSense sensors are exploitable by digital tools such as IIoT, AI, ML, and Digital Twins for predictive maintenance, damage prevention, and operation optimization. For additional information visit www.elastisense.com
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.
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
IIOT-OXYS, Inc. Signs Non-Disclosure Agreement with Multinational Engineering Services Firm CAMBRIDGE, MA / ACCESSWIRE / January 18, 2023 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys" or the "Company"). IIOT-OXYS, Inc. announced the signing of a Non-Disclosure Agreement (NDA) with a multinational Engineering Services firm based in India to further accelerate growth in their Smart Manufacturing business vertical.
"We're excited to sign this agreement with this prospective partner. They are among India's top Engineering Service Providers (also referred to as an Indian ESP) with multi-billion USD revenue worldwide and strong interest in growing their Digital Transformation business. Their focus on top Medical Device OEMs aligns well with our focus on that industry's Supply Chain, especially Small & Medium Sized Enterprises (SMEs)," stated Cliff Emmons, Oxys CEO. The worldwide Industry 4.0 (also known as Smart Manufacturing) market was estimated at $64.9 billion in 2021 and is expected to grow at 20.6% CAGR to $165.5 billion by 2026.[1]
"This agreement will allow us to negotiate collaborative contracts between Oxys and this India ESP. We expect there will be several facets of opportunity with this partner, including Business Development for the Indian ESP. They are impressed with our Leadership Team, due to our extensive experience and contacts in the Medical Device and Life Sciences industries. More importantly, we see the opportunity to link projects between the companies, such as Digital Transformation projects of the Indian ESP with Medical Device OEMs, to our Smart Manufacturing projects for those OEM's Supply Chain SMEs. Another facet of the Indian ESP is the opportunity for Oxys to access high-quality, low-cost engineering talent when we need to scale quickly and broadly. Overall, we're confident this partnership will strengthen Oxys's capacity for growth, and lead to additional new business in our Smart Manufacturing vertical revenue this fiscal year," 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.
$ITOX News: IOT-OXYS, Inc. Provides Business Update CAMBRIDGE, MA / ACCESSWIRE / January 30, 2023 / IIOT-OXYS, Inc. (OTC PINK:ITOX) ("Oxys" or the "Company"). IIOT-OXYS, Inc. announced an update on the Company's business operations.
"We are pleased to announce that we kept our revenue promise for the quarter ended December 31, 2022. As predicted, our fourth quarter revenue exceeded that in the third quarter. This marks three consecutive quarters of quarter-over-quarter revenue growth. Overall, 2022 annual revenue exceeded that of 2020 and 2021 combined. Complete financials for the quarter will be disclosed in our annual Form 10-K filing with the SEC expected to be timely filed later this year," stated Cliff Emmons, CEO of Oxys.
"We also kept our promise to secure a Smart Manufacturing Proof of Concept (POC) contract before the end of 2022," continued Mr. Emmons. The worldwide Smart Manufacturing market was estimated to be worth $88.7 billion USD in 2021, growing at a CAGR of 18.5%, and is expected to be $228.2 billion USD by 2027.[1]
"There are numerous early signs of positive momentum for the Company's growth in 2023:
Our DOT Bridge Monitoring project is progressing well with revenue expected through the first half of 2023. Our Smart Manufacturing CNC POC successfully kicked off in January and is expected to contribute to revenue by the second half of 2023. We signed two new collaborative agreements in the areas of business development and novel sensor technology distribution. Multiple new prospects are considering POCs, and additional contracts are expected late in first quarter or early second quarter of 2023 We are pursuing numerous sales leads generated by marketing efforts initiated in fourth quarter of 2022. This first quarter of 2023 is already on track to exceed the fourth quarter revenue in 2022. Overall, we expect 2023 revenue to exceed that in 2022," 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.
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