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Predictiv AI Inc.'s Bulletin

  TORONTO , July 14, 2021 /CNW/ - Predictiv AI Inc. (TSXV: PAI) (OTC: INOTF) (FSE: 71TA) (" Predictiv AI " or the " Company "), www.predictiv.ai , a software and solutions provider in the artificial intelligence markets, today announced that its Board of Directors has appointed Jim Grimes , Chairman of Predictiv AI, as interim President and Chief Executive Officer following Michael Lende's resignation effective July 30, 2021.  Due to personal family matters, Mr. Lende has made the difficult decision to step down as Predictiv AI's President, Chief Executive Officer and Director of the Corporation. The Board would like to wish Mr. Lende well and appreciates his efforts, dedication, and leadership in developing a new management team and innovative products.  Mr. Lende has committed to ensuring a smooth transition of responsibilities over the next few weeks and has agreed to be available for advisory and consulting services as may be requested by the Company. Jim Grimes, who will retain his role as Chairman of Predictiv AI, stated, "On behalf of the board, I would like to thank Michael for his dedication and stewardship of the Company over the past 15 months. Predictiv AI will continue to pursue our business strategies and to build our business." Jim Grimes is a recognized pioneer in Canada's telecom technology industry; a highly successful angel investor and much sought-after, respected executive consultant. During his career, he opened and led the Canadian division of three early-stage Silicon Valley based telecom start-ups – Stratacom Inc. (Cisco), Xylan Inc. (Alcatel) and Access 360 (IBM). Mr. Grimes subsequently led, in concert with the Cisco Canada leadership team under Nitin Kawale , the creation of Cisco Canada Venture Fund to drive Canadian innovation. This was Cisco Global Ventures' first fund outside the US, and they successfully built and deployed $150 million in the Canadian venture ecosystem. Most recently, Mr. Grimes was VP Product Solutions within the Enterprise Business Unit at Rogers and, leveraging his vast and deep relationships in the C-suites of Canadian business, advised companies such as Next Pathway Inc. on their corporate growth, acquisition and exit strategies. 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™ temperature scanning system. For more information on Predictiv AI, visit: www.predictiv.ai and follow Predictive AI on: Facebook: https://www.facebook.com/PredictivAI/Twitter: https://twitter.com/predictivaiLinkedIn: https://www.linkedin.com/company/predictivai/ Cautionary and Forward-Looking StatementsStatements 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    View original content to download multimedia: https://www.prnewswire.com/news-releases/predictiv-ai-names-jim-grimes-interim-president--ceo-301333742.html SOURCE Predictiv AI Inc.
TORONTO , June 4, 2021 - Predictiv AI Inc. (TSXV: 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 Predictiv AI and Commersive Solutions Corp. ("Commersive") have entered into a shareholders agreement dated June 3, 2021 for SMRT Labs Inc. ("SMRT"), which is the holding company for ThermalPass. As announced on May 7, 2020 , SMRT is owned 51% by Predictiv AI and 49% by Commersive, and each of Predictiv AI and Commersive have agreed to provide SMRT with loans, as required, according to their respective ownership interests in order to advance the development and commercialization of ThermalPass. In connection with formalizing SMRT, Predictiv AI has agreed to the following issuances to Commersive: 1,818,181 common share purchase Warrants (the "Warrants") of the Company, with each Warrant exercisable into a common share of the Company at an exercise price of $0.3575 per share for a period of 3 years; and 2,272,727 common shares of the Company on the following terms: (i) 1,136,363 common shares shall be issued upon SMRT completing the sale of 80 units of ThermalPass and SMRT receiving payment for such sales; and (ii) the remaining 1,136,364 common shares shall be issued upon SMRT completing the sale of an additional 170 units of ThermalPass (i.e., 250 collective ThermalPass units sold) and SMRT receiving payment for such sales. 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
Predictiv AI Reports Q4 2021 & Fiscal 2021 Financial Results PR Newswire TORONTO , June 3, 2021 /PRNewswire/ - 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, announces its financial results for the fourth quarter and year ended January 31 , 2021.  All figures are reported in Canadian Dollars and are in accordance with International Financial Reporting Standards unless otherwise noted. Corporate and Business Highlights – FY2021 Established AI Labs Inc. ("AI Labs") as a wholly owned subsidiary, to design and develop new products and established SMRT Labs Inc. ("SMRT Labs") as a joint venture company to commercialize ThermalPass. SMRT Labs is owned 51% by AI Labs and 49% by Commersive Solutions Corp., a developer of integrated, point-of-sale technologies that creates unique retail experiences. The Company secured Health Canada approval to deploy breakthrough fever detection system, ThermalPass. Weather Telematics Inc. launched Alert Fleet , a cost-saving software/sensor system that will provide fleet owners with the tools they need to run significantly safer and more efficient fleets. Secured a multi-year agreement with Synoptic Data PBC for data provision services. This licensing contract will generate seven-figure revenue over the term for Weather Telematics and will launch its next generation of weather and road temperature sensors, which turns vehicles into their own mobile weather stations. Created a joint force with Get Ready TM and Protect Your Office to create Safe Site Global Association . Formed partnership with Sigfox Canada to enter into global sales channel and technology integration for ThermalPass TM . Added TFG Concepts Inc. as a channel reseller to drive sales across Canada . Enhanced ThermalPass sales channel by adding MCL Sustainable Cleaning Solutions as a channel reseller and distributor to drive sales in the K12 education, health care, hospitality, food service, commercial real estate, long-term care, and government sectors across Canada . Formed a new strategic channel partnership with inField Solutions Inc. to commercialize Alert Fleet . Formed partnership with Security Identification Systems Corp. ("SISCO"), to pairing ThermalPass with SISCO Fast-Pass ® Vistor Management System to assist with track-and-trace efforts and to provide enhanced peace of mind to building occupants and visitors. Created partnership with the Waterloo Artificial Intelligence Institute at the University of Waterloo . This partnership will allow PAI Inc's subsidiary, AI Lab Inc. to pursue its various innovations through leveraging Waterloo.AI as an extension of the Predictiv AI team. WTX Inc. has formalized a strategic product integration partnership with Propel IT Inc. ("Propel"). The new partnership will significantly enhance available real-time data to which drivers and dispatchers can access. WTX's hyperlocal, advanced road weather hazard alert system warns drivers of impending dangerous conditions such as black ice, poor visibility, and hydroplaning.   Revenue for the year ended January 31, 2021 totalled $78,324 as compared to $329,699 in FY2020 in addition the SMRT Labs joint venture recorded revenues of $140,531 . Operating and development expenses for the year ended January 31, 2021 totalled $1,842,597 compared to $1,424,693 in 2020. Net loss for the year ended January 31, 2021 totalled $(7,243,417) or $(0.05) loss per share (basic) based on 35.5 million shares and $0.03 earnings per share (fully diluted) based on 39.5 million shares as compared to a net profit of 162,566 for 2019 or $0.00 earnings per share (basic and diluted) based on 61.8 million shares. Loss before amortization, impairment loss, share-based payments, depreciation, finance charges and taxes was $(1,764,273) compared to $(1,094,994) in 2020. Listed below is the impact of non-cash items recorded during FY2021: Adjusted comprehensive loss increased from $(1,254,026) in 2020 to $(2,325,721) in 2021 primarily due to the Company's share of loss of joint venture of $(498,469) and increase in professional fees. Fourth Quarter Ended January 31, 2021 Financial Highlights   Revenue for the fourth quarter ended January 31, 2021 totalled $4,971 compared to $89,596 for the same period in FY2020 in addition the SMRT Labs joint venture recorded revenues of $140,531 . Operating and development expenses for the quarter ended January 31, 2021 totalled $370,412 as compared to $194,171 in 2020. Net loss for the quarter was $(5,040,572) or $0.15 loss per share (basic and diluted) based on 61.85 million shares Loss before revaluation of derivative liability, impairment of intangible assets, amortization, share-based payments, depreciation, finance charges and taxes was $(365,441) compared to $(104,575) in 2020. The increase of loss is primarily due to the increase of non-cash items totaling $4,172,676 comparing $679,285 in 2020. The non-cash items are listed below: Adding back non-cash items, the net loss and net comprehensive loss for the fourth quarter was $(867,896) comparing to the loss of $(203,243) in 2020. "Our team successfully repurposed our sensor based artificial intelligence to create ThermalPass, a state-of-the-art unique temperature scanning system in a short time frame, to mitigate the spread of contagions during these difficult times and beyond. We also turned our proprietary datasets into a life and money saving Alert Fleet product with a go to market strategy which is poised to provide thousands of fleets with cost savings and a safer driving environment." said Michael Lende , President & CEO of Predictive AI. He continues, "This has been a year of challenges, but the company has set up viable business initiatives with products designed to solve real-world problems which impact our health, safety and economy. We are proud to have established a business development model and infrastructure with a foundation for creating future shareholder value. PAI continues to take necessary steps to build out our reseller network and sales channels. While ThermalPass sales have been behind, we are targeting the verticals where significant government and corporate funding has been allocated towards health and safety for school systems and hospitals in the United States . These are areas where we have received early validation and customer base.  We continue to be committed to delivering on our business initiatives." 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. The audited financial statements for the year ended January 31, 2021 and Management Discussion & Analysis are available at www.sedar.com . 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/predictivaiLinkedIn: 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™ temperature scanning system. Cautionary and Forward-Looking StatementsStatements 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    View original content to download multimedia: http://www.prnewswire.com/news-releases/predictiv-ai-reports-q4-2021--fiscal-2021-financial-results-301305177.html SOURCE Predictiv AI Inc.  
CDC recommends schools and businesses protect their students/employees including health monitoring and screening to avoid liability if contracting the virus. TORONTO , May 11, 2021 - Predictiv AI Inc. (TSXV: 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 its contactless temperature scanning system, ThermalPass www.thermalpass.com , is experiencing an increase in interest and demand from school districts across North America , due to the successful installation of the system at one of North Carolina's largest school districts, Iredell-Statesville Schools, which is home to more than 20,000 students. Administrators at Iredell-Statesville Schools are calling the ThermalPass a "game changer" when it comes to building confidence and getting students back in class. School officials are also turning to ThermalPass because it is non-invasive and compliant with social distancing protocols. Watch ThermalPass at Iredell-Statesville Schools : https://bit.ly/333qsQi The Centers for Disease Control and Prevention (CDC) has recommended that schools and businesses not only protect their students and employees but also monitor employee health regularly. Legal experts assert that entities that fail to maintain minimum standards, including health monitoring and screening, could later be subject to liability or workman's compensation issues if teachers, students, service employees or visitors contract coronavirus. "No matter what happens in the future with vaccines, teachers and students recognize that temperature scanning devices like ThermalPass will remain a simple, common sense way to autonomously identify and avoid having people with elevated temperatures enter the more than 130,000 schools across the US," said Michael Lende , CEO of ThermalPass. "Our outreach to school districts directly and through our distributors has generated increased interest from administrators struggling to find a mass screening device that is accurate, easy to use and offers a painless layer of extra protection to keep schools open and safe." President Joe Biden's $1.9 trillion Covid-19 relief package is helping state agencies and school districts across the US reopen and sustain the safe operation of schools. In addition, the CDC is giving states $10 billion for COVID-19 screening and testing supplies for K-12 teachers, staff, and students, which is also helping to draw more awareness to the benefits of the ThermalPass as a first-line-of-defense tool to flag those with elevated body temperature, a major symptom of Covid-19. According to The New York Times , some states, especially on the East Coast, continue to struggle to make any progress in reducing coronavirus cases. At the same time, governors are starting to relax restrictions on businesses like bars, indoor gyms and casinos, and many Americans are dining in newly reopened restaurants and booking summer vacations. 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. ThermalPass is manufactured by SMRT Labs Inc., a company jointly owned by AI Labs Inc., a subsidiary of Predictiv AI Inc. and Commersive Solutions Corp. 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/ * National Center for Education Statistics (NCES): https://admissionsly.com/how-many-schools-are-there/#:~:text=There%20are%20approximately%20130%2C930%20K,the%201980%2C%20which%20was%20106%2C746 *  The New York Times, Covid-19: U.S. Vaccinations Increase, but Virus Continues to Spread : https://www.nytimes.com/live/2021/03/19/world/covid-vaccine-coronavirus-cases * CDC/FDA; recommend employees be screened for fever before starting work: https://www.cdc.gov/coronavirus/2019-ncov/community/general-business-faq.html 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™ temperature scanning 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