CSE: CRL • FSE: 7C5 • OTC: CDTAF
Carl Data Receives Funding for Further Growth of
Sensor Development Laboratory
November 28, 2018 – Vancouver, British Columbia – Carl Data Solutions Inc. (CSE:CRL, FSE:7C5, OTC:CDTAF) (“Carl Data” or the “Company”) is pleased to announce that its fully-owned subsidiary, Astra Smart Systems Corp. (“Astra”), has been awarded CAD$225,000 in funding from the Columbia Basin Trust (CBT) Impact Investment Fund to continue development of a new water and wastewater sensor testing lab facility. The first of its kind in Western Canada, the lab will feature a full set of testing environments allowing the development of breakthrough AI, machine-learning enabled devices. By creating the space, Astra can take a percentage of the water instrumentation market predicted by Global Industry Analysis to reach USD$3.6B by 2020.
Astra CEO, Pilar Portela, is excited to see the expansion of the Trail, B.C. facility. “This will give all our sensor product lines a boost, and will ensure a competitive advantage in the environmental monitoring space.” She commented, “Our current facility was originally designed for controlled testing, so with this funding we will be able to evolve it into something cutting-edge for technology development that will also benefit our industry partners.”
Smart cities and utilities require technology that helps them improve process efficiency while reducing operational costs. The ability to fine-tune and control the development of sensor technologies that will fully exploit the benefits of machine-learning is not yet readily available. Part of the problem is a lack of instrumentation control and testing facilities. The few university facilities that do exist are primarily focused on the quality of the water and less on the instrumentation control aspects of water and wastewater management. These facilities are not readily available to private industry to support business development growth.
“The development of this facility not only means a faster go-to-market time for our own unique Industrial IoT devices, but will also generate revenue through rental agreements with others building smart sensors that are complimentary to Carl Data’s end-to-end environmental monitoring deployments,” said Carl Data CEO and President, Greg Johnston.
About Astra Smart Systems
Astra is located at the i4C Innovation building, an Industrial IoT lab, production and development facility located in Trail, B.C., Canada. Astra’s mandate is to develop E2E solutions for complex industrial challenges. Astra’s facility is at the centre of the Kootenay regions industrial fibre optic hub and sits along the newly established Metal Tech Alley. This corridor of high-technology ventures focused on industrial innovation, right across from the regional Trail Airport (YZZ) and with railway access to the US border at only seven kms away. Astra offers custom-designed infrastructure, equipment, and professional services for IIoT applications. More information can be found at http://astra.earth.
About Carl Data Solutions
Carl Data Solutions Inc. is focused on providing next generation information collection, storage and analytics solutions for data-centric companies. Building on its recent acquisitions, Carl helps its clients analyze and understand all forms of environmental data through a powerful platform of data collection, monitoring, analysis and reporting tools.
Carl Data Solutions Inc. continues to develop applications to work with new cloud-based mass storage services and analytics tools (Big-Data-as-a-Service (BDaaS) to provide scalability for municipalities, utilities and other industrial verticals. These data collection and storage methods allow the company to build smart Software-as-a-Service (SaaS)-based applications that can collect data from many diverse sources and provide deep insight for decision-making purposes. More information can be found at www.CarlSolutions.com.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
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. In particular, forward-looking statements in this press release include, but are not limited to, the statement that the Company could help cities mitigate their financial damages with its Infinitii I&I and Infinitii SSO Forecaster.
Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, risks with respect to: that the Company may lose the confidence of municipal partners in its services; the ability of the Company to establish a market for its services; competitive conditions in the industry; general economic conditions in Canada and globally; the inability to secure additional financing; competition for, among other things, capital and skilled personnel; potential delays or changes in plans with respect to deployment of services or capital expenditures; possibility that government policies or laws may change; technological change; risks related to the Company’s competition; the Company’s not adequately protecting its intellectual property; interruption or failure of information technology systems; and regulatory risks relating to the Company’s business, financings and strategic acquisitions. Any forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.