Datametrex Bids on $40M AI Contract in Canada
posted on Aug 04, 2021 03:00AM
Q3-22 Revenue OVER $9.2 Million
Toronto, Ontario--(Newsfile Corp. - August 4, 2021) - Datametrex AI Limited (DM: TSXV) (D4G: FSE) (DTMXF: OTCQB) (the "Company" or "Datametrex") is pleased to announce that it has entered into bidding process under a Requests for Proposals ("RFP") on an Artificial Intelligence ("AI") contract in Canada.
Datametrex has passed the second round of scrutiny in a Canadian AI bid. The value of the contract is approximately $40 million. The binding bid remains subject to meeting all criterias on technical merit and ability to deliver in accordance with the bid procedures and deadlines.
"Canada is an important market for the Company's AI business and we are pleased to enter into this bidding process on this contract supporting expansion of artificial intelligence in Canada while continuing our global roll-out activities and the introduction of even further technologically advanced Ai to the market," stated Marshall Gunter, CEO of Datametrex.
Datametrex AI Limited is a technology-focused company with exposure to Artificial Intelligence and Machine Learning through its wholly-owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex's mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, Company provides progressive solutions to support the supply chain.
For additional information on Datametrex and other corporate information, please visit the Company's website at www.datametrex.com.
For further information, please contact:
Marshall Gunter - CEO
Phone: (514) 295-2300
Email: [email protected]
Neither the TSX Venture Exchange nor it's Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. In particular, there is no guarantee that the parties will successfully negotiate and enter into a definitive agreement on mutually acceptable terms or complete the Transaction in the manner contemplated herein, if at all, that the due diligence of any of the parties will be satisfactory, or that the parties will obtain any required board, shareholder, third-party and/or regulatory or other governmental approvals, if any. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not undertake to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.