IIOT-OXYS, Inc. announced it has received approval for a contract extension from a Department of Transportation (DOT) of a major northeast state to continue monitoring multiple bridges. The extension of this contract is validation of the solid value proposition of bridge monitoring systems by this state's DOT and by the structural engineering firm that is providing oversight on this project. It also substantiates the strength of strategic partnership with Aingura IIoT, S.L., and the proprietary AI & Machine Learning algorithms they've developed.

data driven models provide adjunct insights to traditional visual inspections performed by the state's bridge inspectors, and if deployed more broadly, could potentially enhance the management of a state's DOT bridge assets. Thisodes well for company's Structural Health Monitoring (SHM) business, through potential expansion within the state, the rest of the U.S., and globally. On November 15, 2021, President Biden signed the $1 trillion infrastructure bill into law.

The law allocates $110 billion in funding to repair U.S. roads and bridges and support major, transformational projects. Specifically, the Federal Highway Administration will distribute $26.5 billion to upgrade bridges in states, the District of Columbia, and Puerto Rico over five years under the law. Other reports state that companies such asours that are involved with connected infrastructure, which includes connected roads and bridges and the underlying "smart" sensor and software technology, are poised to benefit from the new law.

Independent research shows that the world-wide Structural Health Monitoring market size is $2.0 billion will reach $4.0 billion by 2027, growing at a CAGR of 14.6%.