Datametrex Secures Contract with HomePlus
April 25 2019 - 7:00AM
Datametrex AI Limited (the “
Company” or
“
Datametrex”) (
TSXV: DM)
(
FSE: D4G) is pleased to announce that the Company
has secured a contract with HomePlus, the second largest retailer
in South Korea for predictive analytics. HomePlus operates its
hypermarkets, supermarket chain ‘HomePlus Express’, 365 convenience
stores and an online shopping service offering everything from
groceries to clothes and appliances. HomePlus was run by Tesco, the
large British multinational grocery and general merchandise
retailer until 2015 and is currently owned by MPK Partners, a
private equity firm.
With 140 branches and 25,000 employees
throughout South Korea, Datametrex has been awarded an initial
contract with a recurring revenue component for the
NexaIntelligence AI solution to use in several departments where
there is a strong requirement for Artificial Intelligence and
Predictive Analytics.
“To be selected by such a large retailer for our solution is
compelling and will open up a lot of opportunities in the
predictive analytic space. The need for AI and machine learning
plays a key role in analyzing various data formats that retailers
collect and is major technology initiative at HomePlus.” says
Andrew Ryu, CEO & Chairman of the Company.
About HomePlus
HomePlus operates its hypermarkets, supermarket
chain ‘HomePlus Express’, 365 convenience stores and an online
shopping service offering everything from groceries to clothes and
appliances. HomePlus was run by Tesco, the large British
multinational grocery and general merchandise retailer until 2015
and is currently owned by MPK Partners a private equity firm.
About 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) and Implementing Blockchain technology for
secure Data Transfers through its investee company, Graph
Blockchain (www.graphblockchain.com).
For further information, please
contact:
Jeffrey Stevens – President & COOPhone: (647) 400-8494Email:
jstevens@datametrex.com
Forward-Looking Statements
This news release contains “forward-looking
information” within the meaning of applicable securities laws. All
statements contained herein that are not clearly historical in
nature may constitute forward-looking information. In some cases,
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to put undue reliance on forward-looking information. The
forward-looking information contained herein is made as of the date
of this press release and is based on the beliefs, estimates,
expectations and opinions of management on the date such
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obligation to update or revise any forward-looking information,
whether as a result of new information, estimates or opinions,
future events or results or otherwise or to explain any material
difference between subsequent actual events and such
forward-looking information, except as required by applicable
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