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Carl Data Solutions Inc. $ Poised for Global Growth After Meeting 90-day Targets for New Capital, Team Members and Corporate Partners $IPNFF $ $PKKFF $MTRX $RACMF

Posted by AGORACOM at 12:10 PM on Wednesday, April 14th, 2021
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  • CRL achieved an oversubscribed private placement, recruited a fresh core executive team, and announcing significant corporate partners
  • “The last 90 days has been like training for a marathon,” said Jean-Charles Phaneuf, who came on board as CEO on January 12, 2021.

VANCOUVER, BC, April 14, 2021 /CNW/ – After achieving an oversubscribed private placement with a new strategic set of investors, recruiting a fresh core executive team and announcing significant corporate partners, Carl Data Solutions Inc.  (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) (“Carl Data Solutions”) is poised for global growth as a leading developer of Big-Data-as-a-Service (“BDaaS”) and Industrial Internet of Things (“IIoT”) solutions.

Carl Data Solutions is at the nexus of what Deloitte Global calls “The Big Four” of Industry 4.0 technologies: Internet of Things, Artificial Intelligence, Big Data/Analytics and Cloud Infrastructure.  It provides industry and government customers with solutions that collect, cleanse, organize, store and analyze time-series data in mission-critical applications like Environmental Monitoring as a Service (“EMaaS”).  Mastering this data allows those customers to not only avoid costly downtime in their large-scale operations, but also to take advantage of predictive and prescriptive analytics on processes or forecasted events to optimize outcomes or mitigate risks.

“The last 90 days has been like training for a marathon,” said Jean-Charles Phaneuf, who came on board as CEO on January 12, 2021.  “We announced an oversubscribed Private Placement of $5,601,288, a $2,000,000 Line of Credit, $250,000 in Convertible Debentures, and converted $1,491,000 of corporate debt.  Then we hired new senior executives in business development, corporate marketing, technical operations, and product management.”

Carl Data Solutions also signed partnership agreements with two other industry leaders since Mr. Phaneuf took the helm in January:

  1. Smart IoT Technologies Inc.: a strategic partnership to provide high-quality sensors used in conjunction with Carl Data Solutions’ existing IIoT technology to provide EMaaS to new and existing customers.
  2. Think Quality Assurance Services Inc. (“Think-QA”): a strategic partnership to expand Carl Data Solutions’ role in the Renewable Energy sector by providing value-added services to Think-QA’s existing solar and wind farm customers.  Carl Data Solutions will be providing machine learning with predictive and prescriptive analytics to reduce maintenance costs and maximize electricity production.

“Now we’re ready to run at peak performance,” stated Mr. Phaneuf.  Carl Data Solutions is positioned to drive future growth based on three key goals:

  1. Increase the use of Carl Data Solutions’ Machine Learning and Artificial Intelligence capabilities within current products and services.  The aim is to increase cross sell and upsell opportunities with existing market segments comprised of Water, Sewage, Solid Waste Management and EMaaS.
  2. Expand current solutions to Smart Cities by selecting early adopters of Internet of Things (IoT), time-series data, Machine Learning and Artificial Intelligence.  Leverage Carl Data Solutions’ current customer base of over 100 cities to attain this goal.
  3. Expand current solutions to new Smart Connected Spaces by building strategic partnerships in the IIoT sector.

Phaneuf emphasized that all new market opportunities for Carl Data Solutions will undergo a disciplined evaluation process that ensures maximum profitability.

“I’m very pleased to report that after 90 days, we are on track and aligned with the growth plan we laid out,” he stated.  “In essence, our short-term objective was to implement the Carl Data Solutions cornerstones: finance, people, partners and processes that we can build upon.  Going forward, we can focus on growth, create advanced solutions for our customers and enhanced value for our shareholders.”

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