other material
confidence medium
sentiment positive
materiality 0.65
IIOT-OXYS completes POC, signs SaaS contract with CNC manufacturer
IIOT-OXYS, Inc.
- Signed SaaS contract with a Northeast CNC Component Manufacturer after successful Proof of Concept.
- Customer is an approved supply chain vendor to several Medical Device OEMs.
- CEO expects contract to contribute to revenue in H2 2023 and into 2024.
- Company anticipates additional POCs in Metal Stamping, Plastic Extrusion, Injection Molding, and Assembly & Test.
- No specific contract value or updated revenue guidance provided in the release.