other material
confidence high
sentiment positive
materiality 0.55
IIOT-OXYS signs co-marketing deal with Aretas for IAQ sensors; expects Q4 commissions
IIOT-OXYS, Inc.
- Co-Marketing and Co-Selling Agreement with Aretas Sensor Networks for IAQ sensors and IIoT platform.
- Oxys subsidizes Aretas' ad budget and supplements sales efforts; receives commission on closed leads.
- CEO expects commissions to contribute to Q4 2022 revenue and continue into 2023.
- Reaffirms guidance: H2 2022 revenue to exceed H1 2022; full-year 2022 revenue to return to 2019 levels.
- Agreement lays groundwork for potential future co-development projects on new sensors and systems.