TORONTO, April 29, 2021 /CNW/ - Predictiv AI
Inc. (TSX-V: PAI) (OTC: INOTF) (FSE: 71TA) ("Predictiv
AI" or the "Company"), www.predictiv.ai, a
software and solutions provider in the artificial intelligence
markets, is pleased to announce that, as of April 28, 2021, its wholly-owned subsidiary,
Weather Telematics Inc. ("WTI"), will be outfitting the new
70-vehicle US fleet for Skelton Truck Lines Ltd. ("Skelton") with
the Alert Fleet Road Hazard mobile app. The WTI technology package
transmits real-time data that provides hyperlocal, advanced
road-weather hazard alerts to identify dangerous conditions such as
black ice, poor visibility and hydroplaning for drivers and
dispatchers to mitigate accidents and reduce insurance costs.
Additionally, WTI is installing Skelton Truck Lines with its
proven "ground truth" sensors in each of the new Skelton fleet
vehicles. WTI has been conducting in-field testing of the ground
truth sensors and collecting proprietary data for more than 10
years and over 100 million miles, providing unparalleled accuracy
for real-time road weather conditions. Unlike its competitors, WTI
does not rely just on open-source data, but rather uses proprietary
historical data which meet current atmospheric temperatures to
determine and predict dangerous hyperlocal hazards.
Skelton's installation satisfies an obligation to fulfill a
multi-year seven-figure licensing agreement with geophysical data
provider Synoptic Data PBC. Over the term of the agreement, WTI
will launch its next generation of weather and road temperature
sensors that will turn vehicles, like the ones for Skelton Truck
Lines, into their own mobile weather stations.
"Skelton Truck Lines has a long history of being an industry
leader and is looking forward to partnering with Predictiv AI to
produce a truly innovative product that will promote safer
transport over the highways of North
America," said Andy Skelton,
CEO of Skelton Truck Lines. "The real-time data being supplied to
the drivers as well as the fleet will be a key differentiator in
improving overall performance."
"The Skelton partnership is setting precedents by demonstrating
how our new mobile app works in tandem with our proven sensor
technology in mitigating the risk of accidents in hazardous
conditions," said Michael Lende, CEO
of Predictiv AI. "This is our first in-vehicle mobile app use case
on a US fleet, which we will present to insurance companies as a
potential incentive for their clients and to fleets to lower their
expenses as it relates to premiums and deductibles. Many fleet
software solution firms have informed us that our weather
technology is exactly what is missing from their suite of offerings
and that their fleet customers will want our solution to keep
drivers safe."
For more information on Predictiv AI,
visit: www.predictiv.ai and visit Weather Telematics at:
www.weathertelematics.com
Facebook: https://www.facebook.com/PredictivAI/
Twitter:
https://twitter.com/predictivai
LinkedIn: https://www.linkedin.com/company/predictivai/
About Skelton Truck Lines
Skelton Truck Lines was
established in 1962 with one truck. Founder, Larry Skelton, believed that by offering safe,
reliable and high-quality service at a fair price he could
establish an exceptional company. Today, over 50 years later and
with over 150 pieces of equipment, Skelton Truck Lines is a
successful, ever-expanding organization. Still keeping to their
family roots, Skelton operates family-owned, with three generations
of dedicated family members including Larry's sons and four
grandchildren. Andy Skelton is the
CEO, Ron Skelton is President, while
other son Mike Skelton is Vice
President. The grandchildren make up the management positions in
dispatch, customer service, human resources, warehousing, and
operations. Skelton Truck Lines believes that every employee is a
part of the Skelton family.
About Predictiv AI Inc.
Predictiv AI
Inc. www.predictiv.ai is a technology company which helps
businesses and organizations make smarter decisions with the use of
advanced artificial intelligence, deep machine learning and data
science techniques. Its subsidiary, Weather Telematics Inc., 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.
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.
