TORONTO and OTTAWA, March 12, 2019 (GLOBE NEWSWIRE) -- Internet of Things
Inc. (TSX-V: ITT; OTC: INOTF; FSE: 7iT) (“IoT Inc.” or the
“Company”), invests in data-driven industrial IoT companies that deliver significant benefit to the verticals they
serve. The Company is pleased to announce that its wholly-owned subsidiary, Weather Telematics Inc. (“WTX”), has
been selected by a global automotive Tier 1 supplier to integrate WTX’s proprietary data into software being developed to manage
the impact of weather on electric vehicles.
Given the limited duration of a battery charge, it is important to factor how weather conditions impact an
electric vehicle’s range. The innovative software addresses two challenges of electric vehicle deployment - cold weather drains the
battery, while heat and humidity sap the battery through use of the climate control systems.
By integrating WTX’s data into their electric vehicle software, the expected battery life can be more accurately
estimated and ‘range anxiety’ can be minimized. This feature is intended to improve safety by mitigating the risks associated with
operating in extreme climates where miscalculating available battery charge can leave drivers stranded.
According to recent American Automotive Association research, when the temperature dips to -7°C (20°F) and the
HVAC system is used to heat the vehicle, average electric vehicle driving range decreased by 41%. Additionally, they found that
when outside temperatures reach 35°C (95°F), and air-conditioning is used, driving range decreased by 17%.
“By working with our Tier 1 partner, we are helping address consumers’ anxiety about electric vehicle driving
range and improve performance in all types of weather conditions”, said Bob Moran, CEO of Weather Telematics. “It’s a privilege to
have the opportunity to contribute to the development of such an important product for the electric vehicle sector”.
About Weather Telematics Inc.
Weather Telematics Inc. is an IoT data science company offering road safety data products for industrial, government
and consumer markets. Weather Telematics uses a proprietary vehicle-mounted mobile IoT sensor network and AI machine learning
system to generate historical, real-time and predictive road weather conditions, for road hazard risk alerts and dynamic routing
applications. Their industry-leading Predictiv RC platform mitigates weather risk, reduces traffic congestion and makes
connected and autonomous navigation safer in all types of road conditions.
Learn more: www.weathertelematics.com
Twitter: https://twitter.com/weathertx
About Internet of Things Inc.
Internet of Things Inc. invests in data driven industrial IoT companies that deliver significant benefit to the verticals they
serve. The Company owns Weather Telematics Inc., has a joint venture channel partnership with New Hope Data Technology Co. Ltd.,
and is headquartered in Toronto, Canada.
Follow Internet of Things Inc. on:
Facebook: https://www.facebook.com/InternetofThingsInc/
Twitter: https://twitter.com/iotintl
LinkedIn: https://www.linkedin.com/company/internet-of-things-inc-
For further information, contact:
Internet of Things Inc.
Ron Shuttleworth, Chief Executive Officer
Mobile: (647) 500-7371
Email: Rshuttleworth@iotintl.com
Learn more: www.iotintl.com
Weather Telematics Inc.
Michael Keefe, Chief Strategy Officer
Mobile: (416) 580-6559
Email: mkeefe@weathertelematics.com
Learn more: www.weathertelematics.com
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 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.
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