In NIA's opinion, autonomous vehicle stocks are about to become the hottest plays in the market. In March, it was announced that Intel (INTC) is acquiring autonomous vehicle technology company Mobileye (MBLY) for $15.3 billion or a whopping 37.5X its current trailing twelve month revenue. INTC is paying a huge 35% premium over the market valuation of MBLY at the time the deal was announced.
NIA has just discovered a small-cap stock that could soon become the largest autonomous vehicle technology gainer in the market: Internet of Things Inc. (TSXV: ITT), currently trading for only $0.095 per share with a very low market cap of only $15.31 million!
ITT has just signed a deal to acquire Weather Telematics Inc., an emerging global leader in predictive artificial intelligence (AI) and autonomous vehicle solutions.
The market size for AI systems for smart transportation is projected to be US$220 billion by 2021, with the Autonomous Vehicle Systems market alone projected to reach $87 billion by 2030, according to Markets and Markets. The products of Weather Telematics have already established market viability, are generating revenue, and the company is on track to deliver positive earnings in 2018.
Weather Telematics uses a proprietary vehicle-mounted mobile Internet of Things (IoT) sensor network and AI machine learning system to generate real-time and predictive road weather conditions, road hazard risk alert notifications and dynamic routing applications. The combination of its IoT sensor network and AI platform, is also applicable in various industrial IoT solutions that ITT is targeting, including but not limited to: measuring and monitoring factory air quality; optimizing the supply chain; logistics and asset tracking. ITT plans to expand the capabilities of Weather Telematics' technology and use its advanced sensor and predictive analytics capabilities for its key industrial IoT markets.
Weather Telematics has already signed multi-year contracts with several major organizations including: the United States National Weather Service, a global Tier One auto manufacturer, and Geotab, amongst others customers. Click here to visit the web site of Weather Telematics! As word about ITT's deal to acquire Weather Telematics spreads, the stock has astronomical short-term upside!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ITT of $30,000 cash and 375,000 restricted ITT shares for a three-month contract. After three months, ITT has an option to extend this contract for an additional three-months by compensating NIA an additional 150,000 restricted ITT shares. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.
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