22:48:04 EDT Mon 13 May 2024
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Edge Total Intelligence Inc
Symbol CTRL
Shares Issued 28,465,000
Close 2024-04-04 C$ 1.00
Market Cap C$ 28,465,000
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Edge Total to participate in OECIF's 2024 proposal call

2024-04-04 09:23 ET - News Release

Mr. Jim Barrett reports

EDGETI SELECTED BY THE OECIF FOR REAL-TIME OPERATIONAL ENERGY SITUATIONAL AWARENESS AND ENERGY INFORMED PLANNING

Edge Total Intelligence Inc. has been selected to participate in the full year (FY) 2024 Operational Energy Capability Improvement Fund's (OECIF) commanding energy call for proposals. Among 48 entries in the commanding energy category, the "Real-time operational energy situational awareness and energy-informed planning (RESAP)" proposal was selected and features the Edge Total Intelligence edgeCore platform.

OECIF is the Department of Defense's (DoD) premier joint operational energy investment program. The mission of the OECIF program is to guide operational energy innovation via targeted science and technology investments that focus on first-of-a-kind innovations. OECIF operates in collaboration with the United States armed services and is structured to leverage, not replicate, the existing infrastructure and organization.

"With edgeCore, we have a history of improving management effectiveness, managing key performance indicators, enhancing analysis and simplifying training in complex environments," said Jim Barrett, chief executive officer of Edge Total Intelligence.

The RESAP one-year study focuses on securely extracting key performance indicators (KPIs) from existing energy management and weapon systems databases to construct real-time situational awareness dashboards for effective operational energy (OE) informed planning within the combined joint all domain command and control (CJADC2).

Situational awareness was created years ago in military colleges and war rooms, as well as NASA (National Aeronautics and Space Administration) mission control environments. New digital technologies like data mesh, AI (artificial intelligence), automation and composable apps are transforming complex systems and siloed data into virtual, intuitive models of real-world systems and operations. These digital twins help people see across their systems to focus on what is important. According to MarketsandMarkets, a global analysts firm, digital twin global revenues are estimated to grow at over 61.3-per-cent compound annual growth rate (CAGR) from 2023 to 2028.

About Edge Total Intelligence Inc.

Edge Total helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore, that unites multiple software applicates and data sources into one immersive experience called a digital twin. Global enterprises, service providers and governments are more profitable when insight and action are united to deliver fluid journeys via the platform's low-code development capability and composable operations. With edgeCore, customers improve their margins and agility by rapidly transforming siloed systems and data across continuously evolving situations in business, technology and cross-domain operations -- helping them achieve the impossible.

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