Iiot-Oxys Inc

Welcome everybody to the IIOT Auxis Incorporated 2023 second quarter financial filing of the Form 10-Q. The discussion today with Cliff Emmons, CEO and Acting CTO of IIOT Auxis and Karen McNamara, Chief Operating Officer Auxis. an acting CFO. The company is traded on the OTC under the ticker symbol ITOX. Before we get this call started, please listen to the following safe harbor statements. This call may contain forward-looking statements that reflects management's current views about future events and financial performance. Forward-looking statements often contains words such as expects, anticipate, intends, or believes the company's forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements risks and uncertainties that could adversely affect the company include without limitation the loss of major customers their failure to obtain new contracts their inability to patent products or processes Thank you for watching. to update their forward-looking statements, whether as a result of new information, future events, or otherwise. With that, I'd like to welcome to the show Cliff Emmons. As stated, he is the CEO and acting CTO. Cliff, congratulations on the success and continued momentum here in 2023. Please share your opening thoughts and comments with your listeners and shareholders today.

Thanks, Stuart. We're very pleased with our results today in 2023, as reported in our recent 10Q. Our first half year of revenue in 2023 was significant improvement over the same period in 2022, an increase of 376%. And we sustained the revenue momentum we achieved throughout 2022. We expect this momentum achieved in the first half of 2023 will continue through the remainder of 2023, as long as adequate funding is secured to fuel sales and marketing efforts. Our strong six-month revenue and our confidence this momentum will continue through 2023 and beyond are based on the following factors. Our current DOT bridge monitoring contract, and overall structural health monitoring, SHM, vertical is the foundation of our revenue momentum. The current monitoring revenue will continue through the second half of 2023 with our previously approved expansion to continue beyond June. We believe our discussions with our main contractor, the DOT, for extensions and expansions have been favorable. We also believe that prospects with our current DOT state, DOT contracts in two other Northeast states, as well as all other U.S. state DOTs, bode well for our future business in mid-2024. Also, there's potential for local municipalities in our current Northeast state to contribute to revenue in the second half of 2023 and into 2024. Our smart manufacturing vertical is benefiting from the progress of our CNC proof of concept POC that was successfully concluded in May 2023 and has resulted in a signed software as a service SAS contract in June 2023. Public endorsements and promotional videos have begun and more are forthcoming. featuring our smart manufacturing customer, Precision Metal Products Incorporated. We believe these endorsements and promotional videos will lead to other paid POCs as well as additional SAS contracts, which would contribute to revenue in the second half of 2023 and beyond. It's expected these endorsements will also strengthen our position to secure additional POCs for other discrete manufacturing processes, such as metal stamping, plastic injection molding, plastic extrusion, and automated assembly and test. Our strategic partnership development continues to be a force multiplier for us. The strength of our Angura IIoT partnership provides supplemental expertise, equipment, and software, which ensures we continue to bring value to our customers. We also continue to develop some of our other previously announced partnerships. So all this momentum is pointing toward finishing the second half of 2023 with great results.

Very good. Thank you, Cliff. Karen, likewise, congratulations. And please share your opening comments with our listeners today.