TORONTO, July 14, 2021 /CNW/ - Predictiv AI
Inc. (TSXV: PAI) (OTC: INOTF) (FSE: 71TA) ("Predictiv
AI" or the "Company"), www.predictiv.ai, a software
and solutions provider in the artificial intelligence markets,
today announced that its Board of Directors has appointed
Jim Grimes, Chairman of Predictiv
AI, as interim President and Chief Executive Officer following
Michael Lende's resignation
effective July 30, 2021. Due to
personal family matters, Mr. Lende has made the difficult decision
to step down as Predictiv AI's President, Chief Executive Officer
and Director of the Corporation.
The Board would like to wish Mr. Lende well and appreciates his
efforts, dedication, and leadership in developing a new management
team and innovative products. Mr. Lende has committed to
ensuring a smooth transition of responsibilities over the next few
weeks and has agreed to be available for advisory and consulting
services as may be requested by the Company.
Jim Grimes, who will retain his
role as Chairman of Predictiv AI, stated, "On behalf of the board,
I would like to thank Michael for his dedication and stewardship of
the Company over the past 15 months. Predictiv AI will continue to
pursue our business strategies and to build our business."
Jim Grimes is a recognized
pioneer in Canada's telecom
technology industry; a highly successful angel investor and much
sought-after, respected executive consultant. During his career, he
opened and led the Canadian division of three early-stage Silicon
Valley based telecom start-ups – Stratacom Inc. (Cisco), Xylan Inc.
(Alcatel) and Access 360 (IBM). Mr. Grimes subsequently led, in
concert with the Cisco Canada leadership team under Nitin Kawale, the creation of Cisco Canada
Venture Fund to drive Canadian innovation. This was Cisco Global
Ventures' first fund outside the US, and they successfully built
and deployed $150 million in the
Canadian venture ecosystem. Most recently, Mr. Grimes was VP
Product Solutions within the Enterprise Business Unit at Rogers
and, leveraging his vast and deep relationships in the C-suites of
Canadian business, advised companies such as Next Pathway Inc. on
their corporate growth, acquisition and exit strategies.
About Predictiv AI Inc.
Predictiv AI
Inc. www.predictiv.ai is a technology company which helps
businesses and organizations make smarter decisions using advanced
artificial intelligence, deep machine learning and data science
techniques. Its Weather Telematics Inc. subsidiary uses patented
air quality monitoring sensors to provide predictive weather risk
information to the insurance, logistics, fleet management and
public safety sectors. The Company's R&D division, AI Labs
Inc., develops new products that solve real-world business
problems. The joint venture with Commersive Solutions Corp. is
developing innovative technologies for use in various public
spaces, starting with the ThermalPass™ temperature scanning
system.
For more information on Predictiv AI,
visit: www.predictiv.ai and follow Predictive AI on:
Facebook:
https://www.facebook.com/PredictivAI/
Twitter:
https://twitter.com/predictivai
LinkedIn:
https://www.linkedin.com/company/predictivai/
Cautionary and Forward-Looking
Statements
Statements contained in this news release,
which are not historical facts, are forward-looking statements that
involve risk, uncertainties and other factors that could cause
actual results to differ materially from those expressed or implied
by such forward-looking statements. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. All forward-looking statements included in this
news release are based on information available to the Company on
the date hereof. Forward-looking statements are subject to known
and unknown risks, uncertainties and other factors that could cause
actual results of the Company to differ materially from the
conclusion, forecast or projection stated in such forward-looking
statements. These risks, uncertainties and other factors include,
but are not limited to, ThermalPass achieving the commercial
results anticipated by the Company, market demand for ThermalPass
and other factors referenced in the Company's other continuous
disclosure filings, which are available at sedar.com. Readers
should not place undue reliance on these forward-looking
statements. The Company assumes no obligation to update any
forward-looking statements, except as required by applicable
securities laws.
_____________________________________________________________________________________
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REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE
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SOURCE Predictiv AI Inc.