Datametrex Focuses on Fake News and Cannabis AI
January 29 2019 - 12:05PM
Datametrex AI Limited (the “
Company” or
“
Datametrex”) (
TSXV: DM, FSE:
D4G) is pleased to announce that after successful
completion of its recent financing, its wholly owned subsidiary,
Nexalogy Environics Inc. (“
Nexalogy”) will be
specifically focusing on products around Fake News. The company has
successfully identified multiple sources of Fake News on social
media on number of initiatives and programs. The Nexalogy’s AI
engine continues to include automated detection of suspicious news
sources on social media. The potential for this solution across the
government and the Fortune 1000 is integral for enterprise
security.
The Company will allocate a portion of the
proceeds from the financing to focus on AI for the Cannabis sector
through its Canntop AI (“Canntop”) division. The
Canntop team will be working with Nexalogy on optimizing the AI
algorithms to work with rich data sets that are prevalent in the
Cannibas sector. The company is currently in discussion with groups
that have key patient data around Cannibas treatments and outcomes.
“We believe that both these targeted markets around Fake News and
Artificial Intelligence in the Cannabis sector will provide
Nexalogy with a strong foundation to complement its existing
government business. Harnessing the power of our patented AI
algorithms in these markets is the next step in our evolution.”
says Jeff Stevens, President and COO of Datametrex.
About Datametrex
Datametrex AI Limited is a technology focused
company with exposure to Artificial Intelligence and Machine
Learning through its wholly owned subsidiaries, Nexalogy
(www.nexalogy.com) and Canntop AI (www.canntop.com) and
Implementing Blockchain technology for secure Data Transfers
through its investee company, Graph Blockchain
(www.graphblockchain.com).
Additional information on Datametrex is
available at: www.datametrex.com
To stay informed about Datametrex,
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Connect http://bit.ly/8020DM for
all upcoming news releases, articles comments and
questions.
For further information, please
contact:
Jeffrey Stevens – President & COOPhone:
(647) 400-8494Email: jstevens@datametrex.com
Neither the TSX Venture Exchange nor its
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.
Forward-Looking Statements
This news release contains “forward-looking
information” within the meaning of applicable Canadian securities
laws. Forward-looking information is not a guarantee of future
performance or results, since it involves risks and uncertainties.
There is no assurance that forward-looking statements will prove to
be accurate, and actual results and future events could differ
materially from those anticipated in forward-looking statements.
Except as required by law, the Company does not assume and
expressly renounces any obligation to update any forward-looking
information, which is only applicable on the date on which it is
given.
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