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infinitii ai Announces $1.5 Million Five-Year Contract for Its New Generation of Machine Learning
Wednesday, July 5, 2023Company Profile | Follow Company
Vancouver, BC, July 5, 2023--(T-Net)--infinitii ai inc. (CSE:IAI), a leader in AI-driven predictive analytics software for Smart City water and Smart Industry infrastructure applications that rely on time-series data, today announced a record sales contract with a large Canadian municipality.
The new five-year $1.472 million contract with an existing customer adds infinitii auto i&i, infinitii auto qa/qc and infinitii face pro Machine Learning products to a previous license for infinitii flowworks data monitoring software.
Jean Charles Phaneuf, CEO, infinitii ai
"This sale is a record transaction for our company, surpassing seven-figure sale amounts we announced earlier this year to the Region of Peel and last year to Los Angeles County Sanitation Districts," said CEO Jean Charles Phaneuf. "We are thrilled and honoured that an existing customer made the decision to acquire our new generation of Machine Learning technology. This sale is another proof point that shows North American infrastructure customers are ready to adopt our AI-driven predictive analytics software for time-series data applications."
Machine Learning and data monitoring software products that will be in use under the terms of the latest new municipal contract with infinitii ai include:
About infinitii ai inc.
Trusted since 2014 to provide environmental monitoring to many of the largest water infrastructure utilities in the U.S. and Canada, infinitii ai has evolved into a leader in AI-driven predictive analytics for Smart City water and Smart Industry infrastructure applications that rely on time-series data. The Company's customers include the Smart Cities and municipalities of Toronto, Seattle, Miami-Dade County, Boston, Dallas, Region of Peel, Vancouver and Los Angeles County, among others.
infinitii ai services these customers through direct sales and via a trusted partner network that includes engineering and IT companies like AECOM, Core & Main Inc., Kerr Wood Leidal Associates Ltd., K2 Geospatial and SCG Flowmetrix.
infinitii ai software performs real-time analysis, checks flow monitoring status, sets alarms through a single interface, accepts all types of data from any source and offers predictive (what will happen) and prescriptive (what should happen) analytics. Whether it's real-time, historic, wireless, satellite, SCADA, or public data sets including USGS, NOAA and weather forecasts - it doesn't matter where the data originates, infinitii ai transforms raw data into actionable information.
Forward-looking Statement The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release. [ MORE ] |
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infinitii ai (formerly Carl Data Solutions Inc.)
Vancouver (InfoTech)
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