03:11:51 EDT Tue 14 May 2024
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Infinitii AI Inc
Symbol IAI
Shares Issued 126,424,783
Close 2023-06-28 C$ 0.06
Market Cap C$ 7,585,487
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Infinitii AI receives $1.5M contract for ML technology

2023-06-28 11:16 ET - News Release

Mr. Nathan Rudyk reports

INFINITII AI ANNOUNCES $1.5 MILLION FIVE-YEAR CONTRACT FOR ITS NEW GENERATION OF MACHINE LEARNING TECHNOLOGY

Infinitii AI Inc. has received a record sales contract with a large Canadian municipality. The new five-year $1,472,000 contract with an existing customer adds Infinitii auto I&I, Infinitii auto QA/QC and Infinitii face pro machine learning (ML) products to a previous licence for Infinitii flowworks data monitoring software.

"This sale is a record transaction for our company, surpassing seven-figure sale amounts we announced earlier this year to the region of Peel, and last year to Los Angeles County Sanitation Districts," said Jean Charles Phaneuf, chief executive officer. "We are thrilled and honoured that an existing customer made the decision to acquire our new generation of machine learning technology. This sale is another proof point that shows North American infrastructure customers are ready to adopt our AI-driven predictive analytics software for time-series data applications."

Machine learning and data monitoring software products that will be in use under the terms of the latest new municipal contract with Infinitii AI include:

  • Infinitii face pro: A streaming analytics application for data transformation that adds logic and algorithms for real-time processing. Users can deploy machine learning to manage and operationalize production-ready models for generating new data or output events such as predictions. They can build analytic models that act on sensor data or other data sources with its built-in script editor, using existing scripts from open source libraries or ones they create.
  • Infinitii auto QA/QC: Performs quality assurance (QA) and quality control (QC) on any sensor data shifts or outliers that may distort results or falsely trigger alerts. Machine learning models provide different courses of action based on data identified from sensor errors.
  • Infinitii auto I&I: Provides tools for detailed inflow and infiltration (I&I) analysis that reveals how storm events proceed over time, and how this relates to rain derived infiltration and inflow (RDII) during a storm event. By automating I&I data gathering and reports, municipal water treatment engineers can quickly see which areas of their systems are most impacted by a storm event and visualize real-time I&I metrics on a geographic information system (GIS) map.
  • Infinitii flowworks: Trusted and operating in a growing customer base of North America's largest smart city water infrastructure utilities since 2014, Infinitii flowworks is a powerful predictive analytics software suite that performs real-time analysis, checks flow monitoring status and sets alarms through a single interface, accepting all types of data from any source.

About Infinitii AI Inc.

Trusted since 2014 to provide environmental monitoring to many of the largest water infrastructure utilities in the U.S. and Canada, Infinitii AI has evolved into a leader in AI-driven predictive analytics for smart city water and smart industry infrastructure applications that rely on time-series data. The company's customers include the smart cities and municipalities of Toronto, Seattle, Miami-Dade county, Boston, Dallas, region of Peel, Vancouver and Los Angeles county, among others.

Infinitii AI services these customers through direct sales and through a trusted partner network that includes engineering and IT (information technology) companies like Aecom, Core & Main Inc., Kerr Wood Leidal Associates Ltd., K2 Geospatial and SCG Flowmetrix.

Infinitii AI software performs real-time analysis, checks flow monitoring status, sets alarms through a single interface, accepts all types of data from any source, and offers predictive (what will happen) and prescriptive (what should happen) analytics. Whether it is real-time, historic, wireless, satellite, SCADA, or public data sets, including USGS (United States Geological Survey), NOAA (National Oceanic and Atmospheric Administration) and others -- it does not matter where the data originates, Infinitii AI transforms raw data into actionable information.

We seek Safe Harbor.

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