Vancouver, British Columbia, November 25, 2022 /CNW/ – infinitii ai inc. (“infinitii ai” or “Company”) (CSE: IAI) (FSE: 7C5) (OTC: CDTAF) for time-sensitive smart city water and smart industry infrastructure applications is the leader in AI-driven predictive analytics software. Series Data held its Annual and Special Meeting of Shareholders (“AGSM”) yesterday. We have summarized our corporate transformation and obtained shareholder approval for a new equity incentive plan.complete set of June 30, 2022 The 2022 Consolidated Financial Statements and Management’s Discussion and Analysis October 24th Filed at www.sedar.com.
Since 2014, we have been trusted to provide environmental monitoring for many of the largest water infrastructure utilities in the United States. Canadainfinitii ai has evolved into a leader in AI-driven predictive analytics for industrial and smart city infrastructure applications that rely on time-series data. The company serves its customers through a trusted partner network that includes engineering and IT services companies such as AECOM, Core & Main, Kerr Wood Leidal Associates Ltd., K2 Geospatial and CSL Services Inc.
Management Comments and Forward-Looking Statements
“For fiscal 2022, infinitii ai won significant new sales contracts with Los Angeles County and Miami-Dade County. We increased our monthly revenue by 46%.” Jean Charles Phaneuf, CEO of Infinity Eye. “We are well positioned to underpin the Infinity Dataworks platform with a new corporate brand – a machine learning technology base of 15 clearly differentiated and branded product portfolios serving our target markets.”
“In the current fiscal year, our focus is on adding new reseller partners and developing a channel-oriented go-to-market strategy,” continues Phaneuf. “Our goal is to increase revenue per sale, increase the number of customers in smart cities and smart industries, and achieve growth and improved profitability.”
Equity Incentive Plan
In fiscal 2022, the Company did not grant any stock options. November 24th Shareholders have approved a new Equity Incentive Plan (“2022 Plan”).
2022 Plan provides flexibility to grant stock-based incentive awards in the form of options, restricted stock units, performance share units and deferred stock units to attract and retain skilled employees and senior management to the company. The 2022 Plan requires that the maximum total number of shares that may be issued upon exercise or settlement of awards granted under the 2022 Plan shall not exceed 20% of the outstanding and outstanding shares of the Company. It is a rolling plan that is prescribed. The 2022 plan is considered an “evergreen” plan. This means that shares subject to awards that have been exercised, settled or terminated will be available for subsequent grants under the 2022 Plan, and the number of awards available for grant will increase with issuance and number of issuances. It’s for The number of issued shares will increase.
The extent to which such individuals are entitled to award awards under the 2022 Plan will be determined by our Board of Directors. Details of the 2022 plan have been filed at www.sedar.com.
About Infinity Eye Co., Ltd.
Since 2014, we have been trusted to provide environmental monitoring for many of the largest water infrastructure utilities in the United States. Canada, infinitii ai (formerly Carl Data Solutions Inc.), has evolved into a leader in AI-driven predictive analytics smart city water and smart industry infrastructure applications that rely on time-series data. The company serves its customers through a trusted partner network that includes engineering and IT services companies such as AECOM, Core & Main, Kerr Wood Leidal Associates Ltd., K2 Geospatial and CSL Services Inc.
infinitii ai software performs real-time analytics, checks flow monitoring status, sets alarms through a single interface, accepts all types of data from any source, predicts (what will happen) and Provides prescriptive (what should happen) analysis. No matter where the data comes from, whether real-time, historical, wireless, satellite, SCADA, or public data sets such as USGS, NOAA, and weather forecasts, infinitii ai transforms raw data into actionable information. increase. For more information, please visit www.infinitii.ai.
The Canadian Stock Exchange (operated by CNSX Markets Inc.) neither endorses nor disapproves of the contents of this press release.
This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements often use words such as “plan,” “expect,” “predict,” “intend,” “believe,” “project,” “estimate,” or characterized by descriptions of the events and circumstances of “may” or “will happen”. Forward-looking information is based on certain key expectations and assumptions made by infinitii ai’s management, including expectations of future revenue growth. Although Infiniti AI believes that the expectations and assumptions upon which such forward-looking information is based are reasonable, undue reliance should not be placed on forward-looking information. The forward-looking statements contained in this press release speak only as of the date of this press release. infinitii ai disclaims any intention or obligation to publicly update any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
SOURCE infinitii ai inc.
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