February 6, 2023
SMRT Labs Inc., a Toronto, Ontario-based technology company, filed an assignment in bankruptcy on February 6, listing over $200,000 in liabilities. The company was reportedly working with Predictiv AI Inc. (TSX-V:PAI) on a joint venture to bring Predictiv AI’s ThermalPass fever detection system offering to market. However, Predictiv AI appears to have terminated the joint venture in late 2021, stating that the company was unable to meet its sale targets as a result of changing regulations and the market landscape for coronavirus-driven solutions despite early sales traction. Richter is the Bankruptcy Trustee.
By Dina Milivojevic