Internet of Things Inc. Appoints New Leadership Team to Advance AI Technology and Drive Market Growth
New COO, CTO, and Chief Innovation Officer are poised to accelerate the Company’s transformation into a global, next generation AI driven technology developer and services company
TORONTO , May 12, 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 its new management team to be led by four seasoned industry veterans.
Darryl Smith , current Chief Technology Officer of ITT Inc., will take on the role of CTO of AI Labs Inc. (« AI Labs »), the product development arm of the Company. Malcolm Rook , a highly accomplished electronics engineer, has been named Chief Innovation Officer of AI Labs. Robert Klein, a twenty plus year public, private operations and technology, telecom, and consumer packaged goods industry executive, has been named ITT Inc.’s Chief Operating Officer and Thomas Park has become Vice President, Government Relations and Regulatory Affairs for the Company.
« One of my top priorities is to build a strong, experienced and entrepreneurial leadership team in the artificial intelligence and data science space so that we can take full advantage of our exceptional technology development capabilities and unique growth opportunities around the world, » said Michael Lende , President & CEO of Internet of Things Inc. « We are focused on making the Company a nexus for the best talent in the industry. We are in the business of solving complex challenges that our clients face every day and these strategic additions to our leadership are a testament to our focus on prioritizing the success of our clients, as we continue to disrupt global vertical industries where our machine learning-based products and proprietary data-sets are much-needed solutions. »
Internet of Things Inc. Executive Leadership Team:
Darryl Smith : Smith has worked in information technology for more than two decades and holds a Bachelor of Engineering in Computer Systems. During the past ten years, he has gained extensive experience creating and deploying mobile road weather sensors and developing road weather products for the meteorological industry, designing, managing, and implementing road weather related software/hardware solutions, leveraging the latest AI techniques and distributed platforms available.
Malcolm Rook : Rook is a highly respected electronics engineer who over the span of fifty years developed ultra-low noise microwave receivers for military and weather radar systems. In addition, he has developed electronic systems for many areas of application including asset tracking in hospitals, retail environments, driver behavior monitoring, mobile weather data collection and remote monitoring and control in industrial and domestic environments. Rook has designed and manufactured on three continents and participated in UK government working groups to develop the early Electro Magnetic Compatibility (EMC) standards and methods of test.
Robert Klein : Klein brings more than 20 years’ worth of experience to ITT Inc. having worked in operations and corporate development across the technology, telecom, and the consumer packaged goods industries. He was member of the leadership team at an IT services company and helped grow their revenue to $140 million and their market cap to $2 billion over a three-year span. Klein has been instrumental in the acquisition and integration more than twenty companies over his career.
Thomas Park : Park is a seasoned media communications and government relations strategist. He has held senior positions in government working under Ministers John Baird and Janet Ecker and was the spokesperson for the Ontario Energy Board.
On May 7, 2020 , Internet of Things Inc. and its AI Labs subsidiary announced the development of a new crowd accommodating, fever-detection system called ThermalPass ™ www.thermalpass.com that is designed to mitigate the spread of the coronavirus and other future, fever-bearing contagions. Fever is the most common symptom experienced by individuals who have contracted the COVID-19 virus.
ThermalPass ™ is expected to detect body temperatures accurately and efficiently on people walking at a normal pace to help accelerate the screening processes at high-traffic, public locations, providing audible and visual alerts when a higher than normal body temperature is found. This will allow staff to enact their own protocols to isolate those with indicated fever from the rest of the patrons or employees, to help stop viruses from spreading.
ThermalPass ™ is a non-imposing system that blends into its environment designed for entranceways at shopping malls, schools, office buildings, airports, arenas, theme parks, convention centers – any place where people congregate – and will scan body temperature using touchless, infrared, medical grade, thermal sensors. Since the system is not camera based, it will not invade a person’s privacy, collect individualized data, or identify people.
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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 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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