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Internet of Things closes Weather Telematics acquisition combining disruptive technologies

Internet of Things Inc.(CVE:ITT) announced it closed its previously announced acquisition of Weather Telematics Inc, where Weather Telematics Inc CEO Bob Moran tells Proactive Investors the combined companies had 'immediate' synergy from the point of view of machine learning analytics and disruptive technology. 

Moran says there are a number of products the company can roll out quickly. Weather Telematics offers artificial intelligence (AI) based predictive road condition weather analytics and the consideration was C$2.53mln. 

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TSX-V:ITT
Market: TSX-V
Market Cap: $13.26 m
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Internet of Things subsidiary Weather Telematics signs multi-year deal with...

Internet of Things (CVE: ITT- OTC: INOTF) President and CEO Michael Lende joined Steve Darling from Proactive Vancouver with news that Weather Telematics has signed a multi-year deal with Synoptic Data. Lende tells Proactive more about that deal and he also gave viewers an update on their...

on 10/6/20

2 min read