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Highlights

  • EdgeTI was recognized as a Sample Vendor in the Digital Twins category by Gartner®.
  • The company's edgeCore™ software integrates AI and machine learning for better decision-making.
  • EdgeTI continues to offer free evaluations of its Digital Twins technology to enterprises.

Edge Total Intelligence Inc. (“edgeTI” or the “Company”) (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I), a provider of real-time digital twin software, has been recognized in the Gartner® Hype Cycle™ for Power and Utility IT, 2024. The Company was named a Sample Vendor in the Digital Twins category, highlighting its role in transforming how power and utility industries use digital technology to optimize services.

Digital twins, which are virtual representations of physical assets and systems, are playing an increasingly important role in modern industries. According to Gartner®, enterprises are using digital twins to accelerate business processes, improve visibility, and create new revenue models. Jim Barrett, CEO of edgeTI, emphasized the value of blending existing assets and new technologies in the digital twin process. He pointed to their work with the Department of Defense's Operational Energy Capability Improvement Fund (OECIF) as an example of the potential of digital twin technology to transform industries without costly overhauls.

EdgeTI's flagship software, edgeCore™, facilitates the integration of data from various systems, including engineering, operational, and IT domains. It also leverages innovations like generative AI and machine learning to enhance decision-making and performance. This ability to bridge multiple domains helps businesses optimize operations and reduce risk.

The company also announced that it has granted 250,000 stock options to its director, officer, and consultant, exercisable at a price of CAD$0.39 per share. This move is part of their ongoing effort to align leadership incentives with the company’s long-term goals.