IT News Online – IIOT-OXYS, Inc. Reaches Non-Disclosure Agreement with New England-Based Strategic Metal Components Processing Consulting Firm
CAMBRIDGE, MA / ACCESSWIRE / October 20, 2021 / IIOT-OXYS, Inc. (OTC PINK: ITOX) has announced that it has entered into a Non-Disclosure Agreement (NDA) with a strategic metal components processing consultancy based in New England.
âThis new partner expands on a strategic initiative for IIOT-OXYS, Inc. previously announced in July,â explained Cliff Emmons, CEO of IIOT-OXYS, Inc. âWe are expanding into ‘discrete manufacturing’ processes applicable to medical devices. , in our success with the âcontinuous manufacturingâ processes characteristic of biotechnology and pharmaceutical manufacturing. Metal fabrication is a key component manufacturing process for robotics and surgical medical devices. The Subject Matter Expertise (SME) of this consulting firm, in particular metal machining, complements the experience of IIOT- OXYS, Inc. and our Spanish partner, Aingura IIoT, SL This is the second (metalworking and hot extrusion SME) of several strategic partners that we control in key manufacturing processes for medical devices, including plastic injection molding, metal stamping, and automated assembly . “
Mr. Emmons added, âThis consulting firm provides engineering, design, process development and training services to the medical device metal components supply chain industry. They have over 30 years of experience and expertise to meet the manufacturing, quality and engineering challenges of their customers. Signing an NDA is the first step in our collaboration with the consulting firm. We are very pleased to be working with this strategic and innovative consulting firm whose subject matter expertise can complement our technology to ensure that the services we provide to our clients meet their manufacturing needs. quality and productivity objectives. We look forward to partnering with their tech-savvy leadership to see where our advanced computing and machine learning algorithms will add the most value to our customers’ medical device metal component manufacturing equipment and processes.
âThis is the fourth such agreement this year, which continues to expand our current biotech, pharmaceutical and medical smart manufacturing segments. Our strong partnerships, successful pilots and use cases, along with our extensive network and outlook position us to win in the WW IIoT Market, estimated at $ 76.7 billion in 2021, growing to $ 106.1 billion in 2026 (6.7% CAGR).We expect these agreements and new perspectives to lead to new business in due course, âcontinued Mr. Emmons.
This press release contains forward-looking statements that reflect the current views of management on future events and financial performance. Forward-looking statements often contain words such as “expects”, “” anticipates”, “” ‘intends” or “‘ ”? cause actual results and events to differ materially from those projected in forward-looking statements. Risks and uncertainties that could negatively affect us include, but are not limited to, the loss of important customers, our inability to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others. , our inability to fund our business, and other risks and uncertainties that are discussed in our latest filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made only as of the date of this press release. We assume no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
IIOT-OXYS, Inc. is a technology company at the intersection of IIoT, AI and machine learning, edge computing, and manufacturing operations. We provide actionable strategic insights for medical / pharmaceutical, manufacturing, agriculture, defense and structural health, and other industries. IIOT-OXYS, Inc.’s state-of-the-art open source computing hardware and proprietary ML algorithms use our minimally invasive load monitoring (MILM) technology to simply collect data and gain insight to monitor, define, move from preventive maintenance to predictive maintenance, and even optimize development and manufacturing processes. For more information, visit www.oxyscorp.com.
 Industrial IoT Market Report, July 2021, MarketandMarkets Research Private Ltd.
Industrial IoT market size, share and trends forecast to 2026 | MarketsandMarkets â¢
Clifford L. Emmons
THE SOURCE: IIOT-OXYS, Inc.
See the source version on accesswire.com: