Trusted since 2014 to provide environmental monitoring to many of the largest water infrastructure utilities in the
"In fiscal year 2022 infinitii ai won sizeable new sales contracts with Los Angeles County and
"In our current fiscal year we are focused on adding new reseller partners and developing a channel-oriented go-to-market strategy," continued Phaneuf. "Our goal is higher revenue per sale, more Smart City and Smart Industry customers, and achieving increased growth as well as profitability."
The Company did not grant any stock options in fiscal year 2022. On
The 2022 Plan provides flexibility to the Company to grant equity-based incentive awards in the form of options, restricted share units, performance share units and deferred share units with the purpose of attracting and retaining skilled employees and senior managers. The 2022 Plan is a rolling plan which provides that the aggregate maximum number of shares that may be issued upon the exercise or settlement of awards granted under the 2022 Plan shall not exceed 20% of the Company's issued and outstanding shares from time to time. The 2022 Plan is considered an "evergreen" plan, since the shares covered by awards which have been exercised, settled or terminated shall be available for subsequent grants under the 2022 Plan and the number of awards available to grant increases as the number of issued and outstanding shares increases.
The extent to which any such individual is entitled to receive a grant of an award pursuant to the 2022 Plan will be determined by the Board of Directors of the Company. Further detail on the 2022 Plan has been filed at www.sedar.com.
Trusted since 2014 to provide environmental monitoring to many of the largest water infrastructure utilities in the
infinitii ai software performs real-time analysis, checks flow monitoring status, sets alarms through a single interface, accepts all types of data from any source and offers predictive (what will happen) and prescriptive (what should happen) analytics. Whether it's real-time, historic, wireless, satellite, SCADA or public data sets including
The Canadian Securities Exchange (operated by
This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information is based on certain key expectations and assumptions made by the management of infinitii ai, including the expectation of future revenue growth. Although infinitii ai believes that the expectations and assumptions upon which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because infinitii ai can provide no assurance that they will prove to be correct. Any forward-looking statements contained in this press release are made as of the date of this press release. infinitii ai disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.
SOURCE infinitii ai inc.
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