Positive Business Transformation
in FY21 New Products in FY22 

Trusted since 2014 to provide environmental monitoring to many of the largest water utilities in the U.S and Canada, Carl Data Solutions Inc. (or "the Company") has evolved into a leader in AI-driven predictive analytics for Smart City and Industrial Infrastructure applications that rely on time-series data. The company serves its customers via a trusted partner network that includes engineering and IT services companies like AECOM, Core & Main, Kerr Wood Leidal, K2 Geospatial and CSL Services.

 

Carl Data Solutions software performs real-time analysis, checks flow monitoring status, sets alarms through a single interface, accepts all types of data from any source and offers predictive and prescriptive analytics. From real-time, historic, wireless, satellite and SCADA data to public data sets including USGS, NOAA and weather forecasts – it doesn’t matter where the data originates – Carl Data Solutions transforms it into actionable information.

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Positive Business Transformation in FY21

Carl Data Solutions has undergone a positive business transformation during the Fiscal Year ending June 30, 2021, and entered Fiscal Year 2022 poised to launch new products and revenue streams. 

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During Fiscal Year 2021, a new management team, renewed financial foundation, and new technology development resulted in a year-over-year increase of $3,886,650 in Shareholder Equity, an increase of $97,393 in Sales Revenue, an increase of $2,808,513 in Cash On Hand, and a decrease of $1,314,758 in debt comprised of Loans and Convertible Notes Payable. The Company’s Comprehensive Loss for Fiscal Year 2021 was $4,651,880 compared to $3,344,719 in Fiscal Year 2020.

New CEO Hired to Undertake Transformation 

After serving as a consultant to Carl Data Solutions for two months to evaluate its growth potential, in January of 2021 Jean Charles Phaneuf was invited into the Company as CEO by its previous CEO Greg Johnston and the Board of Directors. Phaneuf brings over 25 years of experience with a demonstrated history of leadership success in the technology and investment banking industries.

 

Financial Foundation Established 

In February of 2021, Phaneuf led new funding to establish a strong financial foundation, and the Company announced an over-subscribed Private Placement of $5,601,288, convertible debentures of $250,000, and a $2,000,000 Line of Credit. Some of this funding was used to convert $1,491,000 of corporate debt.

New Management and Simplified Corporate Structure

In March of 2021 Phaneuf recruited a seasoned management team including a VP of Sales and VP of Marketing. He has since added to that team and Johnston remains with the Company as its President, taking on roles in product evangelism, product management advisory and strategic business development.

 

Phaneuf also simplified a corporate structure that had separate operating companies and subsidiaries with siloed management and financial reporting. The Company now operates as a single operating entity with an associated reporting structure led by the new management team. The objective is faster time to market on new products as well as more rapid progress on business development, sales and revenue results.

Digital Technology Supercluster Project

In November of 2021 the Company successfully delivered a two-year-long Fresh Water Data Commons ("FWDC") project. The project was led by Carl Data Solutions and funded by Canada’s Digital Technology Supercluster in collaboration with Microsoft, Teck Resources Ltd., Living Lakes Canada, the University of Victoria and Genome BC. This project provided Carl Data Solutions with the means to increase its Intellectual Property ("IP") portfolio.

Technology Offering New Revenue Streams in FY22

New technology based on this IP was announced at Carl Data Solutions' Annual General and Special Meeting (“AGSM”) of shareholders held on November 24, 2021. There, the Company announced and demonstrated new products that build upon Carl Data Solutions' existing FlowWorks real-time reporting and analytics software for municipal and industrial and infrastructure. These new software products are supplemented with IP developed during Carl Data Solutions’ engagement leading the FWDC project. 

 

Currently being Beta-tested with large enterprise infrastructure customers across North America, the Company plans to launch these products commercially over the course of 2022. They are:

 

EMaaS: EMaaS is Carl Data Solutions’ most advanced technology platform required by Smart City and industrial applications desiring the foresight of predictive analytics to protect compliance-driven infrastructure operations.

 

Driven by time-series data that is essential to understanding statistical anomalies, the Company’s EMaaS solution will be deployed to monitor environmental changes that affect critical infrastructure. EMaaS fuses on-site sensor-driven data with a myriad of third-party atmospheric, seismic and geographic data streams.

 

Auto QA/QC: Auto QA/QC is Carl Data Solutions’ latest Machine Learning (ML) technology for automatically cleaning and performing Quality Assurance (QA) and Quality Control (QC) on time-series data derived from sensors.

 

The automation aspect of Auto QA/QC detects and prevents bad sensor data from generating results or triggering alerts. At the same time, Auto QA/QC flags legitimate data anomalies that may require further investigation by infrastructure engineers.

 

Auto I&I: Auto I&I is Carl Data Solutions’ newest technology for Inflow & Infiltration required by municipal water treatment plants. Auto I&I detects storm events that match defined rainfall criteria.

 

Auto I&I also capitalizes on Auto QA/QC to prevent bad sensor data from distorting results. By automating I&I data gathering and reports, municipal water treatment engineers will quickly see which areas of their systems are most impacted by a storm event, and visualize real-time I&I metrics on a Geographic Information System (GIS) map.

Market Acceptance of New Technology

On February 22, the signing of a strategic partnership agreement with Montreal-based K2 Geospatial (“K2”), developers of the JMap spatial analysis mapping integration platform. The agreement formalizes the integration of Carl Data Solutions’ latest technology that makes it possible for K2 Geospatial users to collect time series data from multiple sources via Industrial Internet of Things (IIoT) sensors, cleanse and analyze data and perform Artificial Intelligence (AI)-driven predictive analytics using Machine Learning (ML) algorithms. In addition, the integration of technologies will allow users of Carl Data Solutions applications to access an agnostic and scalable mapping platform.

 

K2 Geospatial’s customer base includes 500 organizations, including more than 350 cities and municipalities, seaports, airports, road authorities and utilities across North America and Europe.

 

Largest Sale in the Company's History

On March 9, 2022 the Los Angeles County Sanitation Districts ("LASD") selected Carl Data Solutions' FlowWorks software for real-time reporting and analytics on a wastewater system that services 5.6 million people. The California agency has awarded a two-year contract after which it is renewable on an annual basis. This represents the largest sale in the Company's history. 

 

LASD engineers stated they look forward to exploring new Artificial Intelligence (AI) and Machine Leaning (ML) capabilities once data migration and standardization is complete, also saying they have a big push for this advanced technology.

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