UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
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| Item 7.01. | Regulation FD Disclosure. |
On June 20, 2023, IIOT-OXYS, Inc., a Nevada corporation (the “Company”), filed a press release which announced the successful completion of a previously-disclosed Proof of Concept and the signing of a Software as a Service (SaaS) contract with a Northeast CNC Component Manufacturer.
The furnishing of the press release is not an admission as to the materiality of any information therein. The information contained in the press release is summary information that is intended to be considered in the context of more complete information included in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) and other public announcements that the Company has made and may make from time to time by press release or otherwise. The Company undertakes no duty or obligation to update or revise the information contained in this report, although it may do so from time to time as its management believes is appropriate. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosures.
The information in this Item 7.01 of this Current Report on Form 8-K and the press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 7.01 and in the press release shall not be incorporated by reference into any filing with the SEC made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release dated June 20, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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IIOT-OXYS, Inc.
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| Date: June 20, 2023 | By: | /s/ Clifford L. Emmons |
| Clifford L. Emmons, Chief Executive Officer | ||
| 2 |
Exhibit 99.1
IIOT-OXYS, Inc. Announces Successful Completion of Proof of Concept and Signs SaaS Contract with
Northeast CNC Component Manufacturer
CAMBRIDGE, MA / ACCESSWIRE / June 20, 2023 / IIOT-OXYS, Inc. (OTC PINK: ITOX) ("Oxys" or the “Company”) announced it successfully completed a previously disclosed Proof of Concept (POC) and signed a Software as a Service (SaaS) contract with a Northeast CNC Component Manufacturer. This Small-to-Medium Sized Enterprise is an approved Supply Chain vendor to several Medical Device Original Equipment Manufacturers.
Cliff Emmons, CEO of Oxys, stated, "We are excited this CNC Machining POC customer saw the value we demonstrated and chose to continue our engagement through this Smart Manufacturing SaaS contract. Our IIoT data collection and Predictive Analytics, powered by our proprietary AI & Machine Learning algorithms, demonstrated reduced downtime and increased productivity. We delivered Real-Time Custom Overall Equipment Efficiency Dashboards, including Machine Availability, Cycle Time Analysis, and Alarm Pareto Charts. Our ability to detect variations in very fine machining operations enables Tool Wear Optimization, by extending tool life and preventing tool breakage. This success stems from Oxys’s ongoing collaboration with our strategic partner, Aingura IIoT, S.L., who provided equipment, software, and algorithm expertise that complimented Oxys’s technical capabilities and customer support which resulted in an excellent customer experience.”
The worldwide Industry 4.0 (also known as Smart Manufacturing) market was estimated at $97.6 billion in 2022 and is expected to grow at 18.5% CAGR to $228.3 billion by 2027.1 “Our success with this customer demonstrates our ability to effectively execute POCs that demonstrate value and convert customers to a SaaS contract. We expect the Use Cases and endorsements from this successful ongoing engagement will lead to additional CNC Machining POCs and SaaS contracts contributing to revenue in the second half of 2023 and into 2024. We also expect “beachhead” POCs to be secured in four other Discrete Manufacturing verticals: Metal Stamping, Plastic Extrusion, Plastic Injection Molding, and Automated Assembly & Test. We are on track to meet our third quarter and annual 2023 revenue goals and are confident these targeted sales and marketing efforts will further contribute to exceeding our overall revenue goals in 2023,” concluded Mr. Emmons.
About IIOT-OXYS, Inc.
IIOT-OXYS, Inc. (OTC PINK: ITOX) is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. IIOT-OXYS's edge computing open-source hardware and proprietary ML algorithms employ our Minimally Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com.
Forward-Looking Statements
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:
IIOT-OXYS, Inc.
Clifford L. Emmons
CEO
contact@oxyscorp.com
www.oxyscorp.com
SOURCE: IIOT-OXYS, Inc.