VANCOUVER, BC, Nov. 22, 2024 – infinitii ai inc. (“infinitii ai” or the “Company”) (CSE: IAI) (FSE: 7C5) (OTC: CDTAF) shared key Fiscal Year 2024 (“FY2024”) highlights and its U.S. growth strategy for Fiscal Year 2025 (“FY2025”) at its Annual General Meeting (“AGM”) on November 21, 2024. The complete FY2024 Consolidated Financial Statements and Management’s Discussion & Analysis are available at .
infinitii ai CEO Jean Charles Phaneuf reported 17% sales growth in FY2024, attributing the success to collaborations with AECOM and SCG Flowmetrix Inc. on strategic sales to wastewater utilities in Ontario’s Greater Toronto and Hamilton Area’s (“GTHA”). He added that a second successful bid with AECOM in Hamilton secured over 90% GTHA market penetration entering FY2025.
infinitii ai’s FY2025 strategy includes U.S. expansion through partnerships, including one with Kansas City, MO-based TREKK Design Group LLC (“TREKK”).
Phaneuf announced recent customer acquisitions in Kansas City, MO, Johnson County, KS, Houston MO, Omaha, NE, Cedar Hill, MO, Kansas City, KS and St. Louis MO, further building the company’s U.S. presence. He also noted collaborations with engineering and hydrology firms, sensor and flow metering equipment providers, and infrastructure service providers.
Financial and operational highlights
- FY2024 revenue reached $2,406,442, a 17% increase from $2,052,475 in FY2023, while operational expenses decreased by 25%.
- FY2024 sales included contracts with the City of Hamilton, City of Montreal, the Montreal Metropolitan Community (“CMM”), City of Markham, and Halton Region.
- infinitii ai achieved a 96% customer renewal rate in FY2024 (up from 95% in FY2023). Renewal rates above 90% are considered excellent in the Software as a Service (“SaaS”) industry.
- Building on its success with TREKK and new Midwest U.S. municipal customers, infinitii ai continues to expand its American market presence in FY2025 through strategic partnerships. These partners leverage infinitii ai’s expertise in flow monitoring and real-time predictive machine learning.
About infinitii ai inc.
Serving major U.S. and Canadian water infrastructure utilities since 2014, infinitii ai is a leader in AI-driven predictive analytics for Smart City water and Smart Industry infrastructure applications using time-series data. Customers include the Smart Cities and municipalities of Seattle, Miami-Dade County, Boston, Dallas, Los Angeles County, Vancouver, Toronto, Hamilton, Region of Peel, and York Region, among others. infinitii ai works with these clients directly and through partners including AECOM, Core & Main Inc., Kerr Wood Leidal Associates Ltd., K2 Geospatial SCG Flowmetrix and TREKK Design Group LLC.
infinitii ai software offers real-time analysis, flow monitoring status checks, alarms, data ingestion from various sources, and predictive and prescriptive analytics. It processes data from diverse sources, transforming raw data into actionable insights. Visit to learn more.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
This press release includes forward-looking statements. Such statements are often characterized by words like “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, and similar expressions, or statements that certain events or conditions “may” or “will” occur. Forward-looking information is based on assumptions, including expectations of future revenue growth. While infinitii ai believes these assumptions are reasonable, there is no guarantee they will prove correct. All forward-looking statements are made as of the date of this release, and infinitii ai disclaims any obligation to publicly update them, except as required by law.
SOURCE infinitii ai inc.