Datametrex Sells $1M AI License
September 17 2019 - 7:30AM
Datametrex AI Limited (the “
Company” or
“
Datametrex”) is pleased to announce that the
Company has licenced its software platform to GreenInsightz Limited
(“
GreenInsightz”) for the use of its proprietary
Nexalogy artificial intelligence software platform for $1 million
(the “
Licence Fee”). The payment will be comprised
of $500,000 cash and $500,000 in shares of GreenInsightz. $250,000
of the cash part of the purchase price has been paid, and the
remaining $250,000 is scheduled to be paid within 30 days.
GreenInsightz is a Canadian company that collects, collates,
analyzes, and sells data.
“We are excited to work with GreenInsightz to
assist in their commercialization efforts. AI and machine learning
technology will play a vital role in analyzing unique data sets
across various industry. We believe there is a great opportunity
for Datametrex in licencing our unique and powerful technology to
companies like GreenInsightz,” said Jeff Stevens, President and COO
of the Company.
About Datametrex AI Limited
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).
Additional information on Datametrex is
available at: www.datametrex.com
For further information, please contact:
Jeffrey Stevens – President & COOPhone:
(416) 482-3282Email: jstevens@datametrex.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in 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
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
“plans”, “anticipated”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. The Company is subject
to significant risks and uncertainties which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements contained in this
release. Datametrex cannot assure investors that actual results
will be consistent with these forward-looking statements and
Datametrex assumes no obligation to update or revise the
forward-looking statements contained in this release to reflect
actual events or new circumstances.
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