IIOT-OXYS, Inc. announced a new contract with a northeast CNC machined component manufacturer for a Smart Manufacturing Proof Of Concept (POC). This Small-to Medium Sized Enterprise (SME) is an approved Supply Chain vendor to several Medical Device Original Equipment Manufacturers (OEMs). This POC will commence in January 2023 and is expected to conclude by early second quarter.

The worldwide Industry 4.0 market was estimated at $64.9 billion in 2021 and is expected to grow at 20.6% CAGR to $165.5 billion by 2026.