CAMBRIDGE, MA / ACCESSWIRE / October 14, 2022 / IIOT-OXYS, Inc. (OTC PINK:ITOX) (“Oxys” or the “Company”) announced an update on the Company’s operations and an upcoming video interview regarding its recent agreement with Aretas Sensor Networks Inc.
“We are pleased to report that we delivered on our revenue promise for the quarter ended September 30, 2022. As forecast, sales in the third quarter exceeded those of the second quarter. That means two consecutive quarters of revenue, something the company hasn’t done since the pandemic. We also received interest income on the promissory note to Aretas during the quarter ended September 30, 2022. Complete financial data for the quarter will be included in our quarterly filing of Form 10-Q with the SEC, which will be timely filed later this quarter,” stated Cliff Emmons, CEO of Oxys.
“In addition, sometime next week we will release our next video interview highlighting details of our recent agreement with Aretas Sensor Networks Inc. The co-marketing and co-selling agreement for Aretas’ popular Sentinel Indoor Air Quality (IAQ) sensors is expected to contribute to our fourth quarter revenues,” concluded Mr. Emmons.
About IIOT-OXYS, Inc.
IIOT-OXYS, Inc. (OTC PINK:ITOX) is a technology company at the intersection of IIoT, AI and machine learning, edge computing and manufacturing operations. We provide actionable, business-critical insights for medical/pharmaceutical, manufacturing, agricultural, defense and structural health, and other industries. IIOT-OXYS open-source edge computing hardware and proprietary ML algorithms use our Minimally Invasive Load Monitoring (MILM) technology to easily collect data and gain insights to monitor, collect, to switch from preventive to predictive maintenance and even to optimize development and manufacturing processes. Visit www.oxyscorp.com for more information.
About Aretas Sensor Networks Inc.
Aretas Sensor Networks, Inc. combines IoT sensor technology, cloud-based platform, and machine learning/AI for an end-to-end solution to collect, collect, display, and analyze IoT data so businesses can make better decisions.
This press release contains forward-looking statements, which reflect management’s current views as to future events and financial performance. Forward-looking statements often contain words such as “expect,” “anticipate,” “intend,” or “believe.” Our forward-looking statements are subject to a number of risks and uncertainties that could cause actual results and events to differ materially from those projected in the forward-looking statements. The risks and uncertainties that could adversely affect us include, but are not limited to, the loss of major customers, the failure of new contracts, our inability to patent any product or process, our infringement of the patents of others, our inability to fund our business, and the other risks and uncertainties discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this press release. We undertake no obligation to update any of our forward-looking statements, whether as a result of new information, future events or otherwise.
Clifford L Emmons
SOURCE: IIOT-OXYS, Inc.
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