other material
confidence high
sentiment positive
materiality 0.50
IIOT-OXYS wins Smart Manufacturing POC contract with northeast CNC manufacturer
IIOT-OXYS, Inc.
- Contract with a northeast CNC machined component manufacturer for Smart Manufacturing Proof of Concept (POC).
- POC starts January 2023, expected to conclude early Q2 2023; uses IIoT and AI/ML for downtime reduction.
- Anticipates POC will lead to a SaaS contract contributing to 2023 and 2024 revenue.
- Strategic partner Aingura IIoT will provide equipment, software, and expertise.
- Marketing from IIoT World event generated over 1,400 opt-ins; company expects new business in 2023.