Edge Total Intelligence Inc. (“edgeTI”, “We”, “Our” or the
“Company”) (TSXV: CTRL, OTCQB: UNFYF, FSE: Q5i), a leader in
real-time digital operations software, provides the following 2023
outlook to shareholders, customers, and prospective investors. This
interim update highlights market trends and progress as well as
important initiatives edgeTI™ has underway and planned for 2023.
A Short Summary of the Outlook
- Highlights of the 1st year as a
public company
- What’s next for edgeTI in terms of
growth
- How edgeTI is helping customers
operationalize and scale artificial intelligence (AI)
- How customer prototyping drove
innovation in automation
- How Digital Twins fit in the future
of business operations
- 2023 initiatives and signposts
“Completing an RTO at the end of 2021 and returning to trade in
January 2022, we found ourselves in a volatile market for
enterprise software that reached across every stock exchange,” said
Jim Barrett, CEO of edgeTI. “We saw a tightening in access to
capital, rising interest rates, supply chain challenges, and delays
in U.S. Federal contracting due to budget ratification delays.
Equally important, economic indicators and growing market pessimism
led us to conserve our spending and preserve cash. Despite these
strong head winds, we maintained shareholder value and secured
strategic wins that establish a springboard for 2023 growth,
further wins, and increased shareholder value as customers embrace
AI and other digital innovations.”
1st Year as a Public
Company Foundations and Milestones
- Public Relaunch at CTRL on the
TSXV
- Addition of two strategic
billion-dollar government systems integrators (SI) who operate
edgeCore for their internal operational excellence and are selling
and integrating solutions to government and commercial markets
- Addition of technology partnerships
in AI-driven risk intelligence and critical communications with
OnSolve and AI-driven business simulation with Silico
- Awarded a multi-year indefinite
delivery/indefinite quantity (IDIQ) with a US$950M ceiling by the
U.S. Air Force
- Defense Tech Connect recognized
EdgeTI with a Defense Innovation Award and a cash award for
Security Innovation sponsored by Homeland Security
- Recognized in Gartner® studies:
Market Guide for Technologies Supporting a Digital Twin of an
Organization and Emerging Tech Impact Radar: 2023 in Digital
Twins1
- In recent weeks, CB Insights
positioned edgeTI as an important alternative to Palantir
Technologies Inc. (PLTR)
- Recent debt restructuring improved
cash flows by more than $100K a month and extended maturity due
dates.
What’s Next for edgeTI?
“With our path defined, I look forward to executing our growth
initiatives to expand on the foundations we secured in 2022,” said
Jim Barrett. “As we model and project outcomes for 2023, we intend
to land and onboard 5 new deals and exit the year with forward
annual recurring revenues (ARR) of US$5.1M and by 2027 more than
triple our forward ARR to near $19M. Operationally, we have line of
sight to reach cash flow positive during 2023. We are also taking
steps to support increased investor activity as investors adjust
their portfolios and take new positions in AI and digital
innovation technologies.”
Helping Customers Operationalize and Scale
AI
According to Precedence Research, the global AI market size was
estimated at US$ 119.78 billion in 2022 and it is expected to hit
US$ 1,597.1 billion by 2030 with a registered compound annual
growth rate (“CAGR”) of 38.1% from 2022 to 2030.
AI shows real contribution and results in many segments. Yet, AI
solutions are difficult to implement and operate according to
multiple studies citing inability to scale and/or achieve projected
results2. edgeTI’s flagship platform, edgeCore™, makes
operationalizing digital innovations like AI, cyber, data mesh,
automation, generative AI, quantum, and metaverse easier to achieve
results, maximize return on investment (ROI), and accelerate user
adoption. The Company believes these innovations foretell continual
tech disruption and new levels of competitive performance —
signaling new waves of growth in digital transformation and
consolidation.
“We track and act upon digital innovations on a continual basis
fueled by internal research and pilot requests from our partners
and customers who are leaders in their respective industries. As a
hub for operationalizing disruptive technologies, edgeCore uniquely
portrays what’s happening in real-time and we expect this continual
disruption to drive demand,” continued Jim Barrett. “What we didn’t
expect was how quickly customers would gravitate to combining
intelligence and automation into a single system to achieve more
value and better stakeholder engagement.”
Customer Prototyping Raised the Bar in Automation and
Outcomes
Through customer programs looking at automation, rapid
deployment, and use of AI, one customer of edgeCore achieved a
+300% ROI in the first year and recouped their investment inside of
four months. Another customer working with automation challenges
was able to achieve automation rates in excess of 80% and
accelerated process execution by a factor fourteen times — turning
an hour into four minutes.
“Our customer success, development, and DevOps teams met every
challenge while delivering greater ease of use, better
visualization, and ability to compose operations,” added Jim
Barrett. “In addition to aiding these specific programs, they
enabled original equipment manufacturing (OEM) programs, integrated
AI partnerships, and we are poised to tackle additional
challenges.”
Digital Twins Move Across Organizations to
Operationalize AI and Automate Workflow
“Not long ago, analysts described Digital Twins (DT) in
relationship to Internet of Things (IoT) or limited their use to
simulations,” said Nick Brigman, VP of Product at edgeTI.
“Throughout 2022, we heard leaders of businesses, government and
U.S. military, express frustration in the form of questions like:
Why can’t I create a digital replica of my business in real-time?
What did it look like last week? Where are we headed? What happens
if we lose supplier x? These operational quandaries and
expectations suggest demand for a unified approach to operational
intelligence and intelligent automation.”
edgeTI has been answering challenging questions like these for
more than twenty years. The challenges and customer needs to which
they relate are just moving from the war room into the boardroom
and functional centers of operation. While analysts call programs
that model an organization's operations and situations to address
these challenges ‘Digital Twins’, they also exist in customer
settings with names such as ‘Total Visibility Center’, ‘Operational
Excellence’, ‘Digital Ops’, ‘Executive Information Systems’,
‘Corporate Performance Management’, and ‘Customer Success Center’.
Whatever the situation or operations, people do three things over
and over: See what’s happening;
Decide what’s best, and Act
swiftly — then See how the action results in
outcomes.
A Media Snippet accompanying this announcement is available by
clicking on the image or link below:
Brigman continued, “What began in IoT, now looks at business
functions, entire companies, and ecosystems. Coined by Gartner and
others as Digital Twin of an Organization (DTO). This space is
expected to experience significant growth as multiple analyst
studies now estimate DTO software to grow in parallel with AI at
near 40% CAGR for the next eight years to reach US$35B by 2031,
driving services opportunities at two and a half to three times the
software market size.3”
edgeTI’s DTO solutions guide and empower stakeholders and
participants to See, Decide, and Act at an ecosystem perspective to
discrete process operations. edgeTI’s Continuous Relevance Cycle™
enables customers of its edgeCore platform to sustain relevance and
achieve new levels of awareness and performance in targeted areas
and then expand and extend the platform into other business
operations.
2023 Initiatives and Signposts
Increase Ease of Adoption: edgeTI looks to
introduce derivative, upgradeable products that create a lower
price of entry and solution focus so new customers are able to
start using the products quickly. To achieve this objective, edgeTI
plans to focus on OEM, customer fusion teams, and other future
markets. All derivative, upgradeable products are expected to be
portable to the enterprise flagship edgeCore platform. The Company
anticipates that derivative products will increase the Company’s
new customer intake and opportunities for expansion.
Operationalize AI for Success and Scale:
Company expects to continue integrating with AI solutions and other
disrupters like ChatGPT and GPT-4. Through integration, edgeTI
looks to help these systems reach quality data, explain what is
happening in the business, and facilitate better decisions enacted
quickly. The Company anticipates that customer success rates with
AI will improve with edgeTI as edgeCore resolves many hurdles to
deployment and barriers to scaling operations.
Deliver In-Domain Expertise and Scale: edgeTI
expects to continue establishing strategic partnerships with
industry and functional specialists (aka system integrators and
consultants) that understand what customers need and are able to
rapidly deliver purpose-built results with edgeCore. Delivered via
OEM partnerships or pure consulting and deployment services, the
Company believes that partners will benefit by the large
opportunity in services that surround AI, automation, and Digital
Twins solutions.
Grow Recognition and Awareness: Fueled by
future investment in 2023, the Company intends to invest in sales
and marketing capabilities, including marketing programs, in person
events, and training to increase awareness and guide partners and
customers through creating their ideal solutions to Achieve the
Impossible.
On behalf of the board of directors of the
Corporation:
James BarrettChief Executive Officer and
ChairEdge Total Intelligence Inc.
About edgeTI
edgeTI helps customers sustain situational awareness and
accelerate data-driven action with its real-time digital operations
software, edgeCore™. Global enterprises, service providers, and
governments are more profitable when insight and action are united
to deliver fluid experiences via the platform's low-code
development capability and compostable experiences. With edgeCore,
customers improve their margins and agility by rapidly transforming
siloed systems and data across evolving, complex situations in
business, technology, and cross-domain operations — helping them
achieve the impossible. Learn more at https://edgeti.com
For further Information contact:
Nick BrigmanPhone: 888-771-3343 Email: ir@edgeti.com
Follow Us:LinkedIn: www.linkedin.com/company/edgeti YouTube:
www.youtube.com/user/edgetechnologies Twitter:
www.twitter.com/edge_suite
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information and Statements
Certain statements in this news release are forward-looking
statements or information for the purposes of applicable Canadian
and US securities law. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations, or intentions regarding the
future. Such information can generally be identified by the use of
forwarding-looking wording such as "may", "expect", "estimate",
"anticipate", "intend", "believe" and "continue" or the negative
thereof or similar variations. The reader is cautioned that
assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted, as
a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company,
including but not limited to business, economic and capital market
conditions.
Such statements and information are based on numerous
assumptions regarding present and future business strategies and
the environment in which the Company will operate in the future,
including the demand for its products, anticipated costs, and the
ability to achieve goals. Factors that could cause the actual
results to differ materially from those in forward-looking
statements include, the continued availability of capital and
financing, the impact viruses and diseases on the Company's ability
to operate, competition and general economic, market or business
conditions, , statements regarding plans and revenues based on
current conditions, , statements regarding the expected growth and
opportunities in AI and other tech sectors, the Company's ability
to successfully introduce derivative, upgradeable products that
create a lower price of entry, the Company's ability to invest in
sales and marketing capabilities and successfully increase
awareness and new customer intake, the Company's ability to
continue to integrate with AI solutions and other disruptors,
statements regarding the continued development of edgeCore™ and its
ability to provide an enhanced AI customer experience, the
Company's ability to create and maintain strategic partnerships
with industry and functional specialists, including the ability to
secure five new deals in 2023, and statements regarding the
Company's increase in forward ARR. Forward-looking statements
contained in this news release are expressly qualified by this
cautionary statement. The reader is cautioned not to place undue
reliance on any forward-looking information. The forward-looking
statements contained in this news release are made as of the date
of this news release. Except as required by law, the Company
disclaims any intention and assumes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
______________
1 Gartner “Market Guide for Technologies Supporting a Digital
Twin of an Organization” by Marc Kerremans, January 4, 2023, and
Gartner, “Emerging Tech Impact Radar: 2023”, Tuong Nguyen, Annette
Jump, Danielle Casey, 22 December 2022. GARTNER is the registered
trademark and service mark of Gartner Inc., and/or its affiliates
in the U.S. and/or internationally and has been used herein with
permission. All rights reserved. Gartner does not endorse any
vendor, product or service depicted in its research publications,
and does not advise technology users to select only those vendors
with the highest ratings or other designation. Gartner research
publications consist of the opinions of Gartner’s research
organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with
respect to this research, including any warranties of
merchantability or fitness for a particular purpose.2 Sources:
McKinsey Talks Operations, Deloitte AI Institute, Gartner Surveys
3 Source: Combined results of studies by edgeTI,
GrandView, MarketWatch
Edge Total Intelligence (TSXV:CTRL)
Historical Stock Chart
From Feb 2025 to Mar 2025
Edge Total Intelligence (TSXV:CTRL)
Historical Stock Chart
From Mar 2024 to Mar 2025