TORONTO, Dec. 15, 2020 /CNW/ - Predictiv AI Inc.
(TSX-V: PAI) (OTC: INOTF) (FSE: 71TA) ("Predictiv AI" or the
"Company"), a software and solutions provider in the
artificial intelligence markets, is pleased provide an update
on its channel reseller activities in Quebec and Atlantic
Canada.
Management would like to highlight the ThermalPass sales efforts
to date from its exclusive reseller for Quebec and Atlantic
Canada - KleinCity Group, a cleaning and sanitation company
that leverages cutting-edge electrostatic technology and
proprietary disinfectant products to sterilize any indoor space and
help stop the spread of viruses and bacteria. This group currently
has 10 franchisees and its clients include some of the largest
companies in Quebec accross
industries such as healthcare, mining, retail, commercial
properties, hospitality and various government departments and
agencies. KleinCity Group has secured orders for delivery of units
to hospitals and long-term care facilities in the province of
Quebec.
The Company is actively onboarding resellers with established
channels throughout Canada, the
U.S., and Europe. These resellers
have already successfully closed a handful of purchase orders. Over
the coming months, it is expected that these channel partners will
greatly accelerate unit orders and adoption of the ThermalPass
system in their respective jurisdictions.
"KleinCity Group is extremely proud to represent ThermalPass in
Quebec and the Maritimes. Our
franchisees are offering this state-of-the-art ThermalPass system
to all clients within their respective network concerned with
taking preventive health and safety measures," said Vincent Bernier, VP of Development and Public
Relations of KleinCity Group. "The sales generated to date are only
a small portion relative to the high volume of inbound calls and
written requests we've been receiving about ThermalPass. There has
been significant interest from provincial and municipal government
departments, hospitals, office buildings and mining companies. We
anticipate robust ThermalPass sales based on this strong market
reaction over such a short period of time."
"The early sales success from our channel resellers demonstrates
that customers are willing to purchase and deploy the ThermalPass
system even with vaccines for COVID-19 beginning to be rolled out
around the world," said Michael
Lende, President and CEO of Predictiv AI. "Our team firmly
believes that we are all now living a new normal and that AI-driven
solutions and screening systems for health and wellness are here to
stay."
Additionally, the Company announces that its board of
directors has approved the grant of 1.7 million incentive
stock options to its officers and directors. The options will
have an exercise price of $0.205 per
share, will vest quarterly over 18 months from the grant date, and
have a term of three years.
Predictiv AI is not making any express or implied claims that
its product has the ability to eliminate, cure, or contain the
COVID-19 (or SARS-2 coronavirus) at this time.
For more information on Predictiv AI or ThermalPass,
visit: www.predictiv.ai and follow Predictive AI on:
Facebook: https://www.facebook.com/PredictivAI/
Twitter: https://twitter.com/predictivai
LinkedIn: https://www.linkedin.com/company/predictivai/
About Predictiv AI Inc.
Predictiv AI
Inc. www.predictiv.ai is a technology company which helps
businesses and organizations make smarter decisions using advanced
artificial intelligence, deep machine learning and data science
techniques. Its Weather Telematics Inc. subsidiary uses patented
air quality monitoring sensors to provide predictive weather risk
information to the insurance, logistics, fleet management and
public safety sectors. The Company's R&D division, AI Labs
Inc., develops new products that solve real-world business
problems. The joint venture with Commersive Solutions Corp. is
developing innovative technologies for use in various public
spaces, starting with the ThermalPass™ fever detection system.
Cautionary and Forward-Looking
Statements
Statements contained in this news release,
which are not historical facts, are forward-looking statements that
involve risk, uncertainties and other factors that could cause
actual results to differ materially from those expressed or implied
by such forward-looking statements. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. All forward-looking statements included in this
news release are based on information available to the Company on
the date hereof. Forward-looking statements are subject to known
and unknown risks, uncertainties and other factors that could cause
actual results of the Company to differ materially from the
conclusion, forecast or projection stated in such forward-looking
statements. These risks, uncertainties and other factors include,
but are not limited to, ThermalPass achieving the commercial
results anticipated by the Company, market demand for ThermalPass
and other factors referenced in the Company's other continuous
disclosure filings, which are available at sedar.com. Readers
should not place undue reliance on these forward-looking
statements. The Company assumes no obligation to update any
forward-looking statements, except as required by applicable
securities laws.
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
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SOURCE Predictiv AI Inc.
