A developer of Big-Data-as-a-Service (BDaaS)-based solutions and Industrial Internet-of-Things (IIoT) applications – CRL saves clients time and money by aggregating information from any sensor or source to create a real-time decision support system.
CRL has been steadily building revenue, from
Three months ago, CRL announced the hiring of a new CEO, Mr.
As the new CEO, Phaneuf declared that CRL was "on the cusp of unlocking substantial value for its shareholders with all the technical ingredients to capitalize on its suite of predictive AI technology."
"My top priority in the first 100 days is to clean up the balance sheet," Phaneuf confirmed to Equity Guru's
"The last 90 days has been like training for a marathon," stated Phaneuf in the
During Phaneuf's tenure, CRL has hired new senior executives in business development, corporate marketing, technical operations, and product management.
- Internet of Things
- Artificial Intelligence
- Big Data/Analytics
- Cloud Infrastructure
CRL provides industry and government customers with solutions that "collect, cleanse, organize, store and analyze time-series data in mission-critical applications like Environmental Monitoring as a Service (EMaaS).
During Phaneuf's 3-month tenure, CRL signed two strategic partnerships:
- A partnership with Smart IoT Technologies to provide high-quality sensors used in conjunction with
Carl Data Solutions' existing IIoT technology to provide EMaaS to new and existing customers. - A partnership with Think-QA to expand
Carl Data Solutions' role in the Renewable Energy sector by providing value-added services to Think-QA's existing solar and wind farm customers.
"Now we're ready to run at peak performance," stated
CRL's current objective is to "increase cross-sell and upsell opportunities with existing market segments comprised of Water, Sewage, Solid Waste Management and EMaaS.
CRL's 2021 projected milestones:
- Expand current solutions to Smart Cities by selecting early adopters of Internet of Things (IoT), time-series data, Machine Learning and Artificial Intelligence. Leverage
Carl Data Solutions' current customer base of over 100 cities to attain this goal. - Expand current solutions to new Smart Connected Spaces by building strategic partnerships in the IIoT sector.
Forecasts by Statista suggest that the IoT market will grow to around
"After 90 days, we are on track and aligned with the growth plan we laid out," Phaneuf stated, "Our short-term objective was to implement the
"Going forward, we can focus on growth, create advanced solutions for our customers and enhanced value for our shareholders," added Phaneuf.
In the
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