RELEVIUM LAUNCHES FIRST STAGE BIG DATA & AI PROJECT AND ENGAGES agileDSS INC.
September 07 2017 - 12:07PM
InvestorsHub NewsWire
September 07, 2017 -
MONTREAL, QUEBEC -- InvestorsHub NewsWire -- Relevium Technologies
Inc. (TSX.V –
“RLV” and
Frankfurt: “6BX”)
(the
“Company” or “Relevium”), a publicly traded
corporation strategically focused on the acquisition and building
of e-retail brands, products and technologies in the health and
wellness market, is pleased to announce the kickoff of its maiden
technology build.
Highlights
- RLV
executes on initial tech guidance
- RLV
kick starts maiden technology build
- RLV
engages Montreal based leader agileDSS as Data
Architect
- RLV
takes initial step for building use case for Consumer Trend
Recommendation Engine
Following the initial 90 days since
the acquisition of
BioGanix Ltd.,
management and the operations team have jointly identified a
multitude of areas of the business that can be optimized and
automated with technology. These areas include developing new
products, dynamic pricing of products, logistics and supply chain
management.
Following the Guidance on
Technology issued in the August 2, 2017 news
release, the
Company is pleased to announce the activation of the first
technology build that seeks to optimize the product development
cycle. At the moment, the product development cycle is heavily
reliant on human interpretations of vast amounts of data to decide
what products to launch and where to launch them. The Company
believes that the most interesting risk-reward profile for a
technology investment, at this stage, is to build a recommendation
engine that is designed to offer quantitative methodology to launch
profitable products ahead of trends in the appropriate
jurisdictions.
Relevium Technologies
has engaged agileDSS,
a leading strategic data services
consulting firm headquartered in Montreal, Quebec, Canada that
specializes in business and data intelligence to build the use case
for the Product Trend Recommendation Engine and confirm the
commercial viability of the project.
Aurelio Useche, President and CEO
of Relevium Technologies
stated: “The Company is focused on
executing the strategy laid out in the August 2,
2017 news
release and the
initiation of this tech build is the first box management can check
off of strategic objectives before calendar year end.” Mr. Useche
continued: “Montreal is fast becoming a global hub for data
analytics and artificial intelligence as demonstrated by recent
investments made by Google, Microsoft and the Element AI record
setting Series A round. We intend on leveraging all of the local
resources and talent we can in order to create shareholder value
while operating highly profitable businesses in our portfolio
brands. The way we see it, with a reasonable investment, the
Relevium brands can gain the upper hand, perhaps even months of
sales momentum in products or locations that are or will become
trending. If we draw a parallel to the financial industry, we
believe that e-commerce is where the financial industry was before
high frequency trading and that Relevium has the opportunity to be
a pioneer and a leader in the industry the same way Virtu Financial, Renaissance Technologies
and many others were in the
financial markets.”
About Relevium
Technologies
Relevium is a TSXV listed
company focused on
growth through the acquisition of businesses, products and/or
technologies with a focus on e-commerce in the growing health and
wellness sector. Relevium Technologies Inc. also holds patented
intellectual property for the use of static magnetic fields for
application on wearable devices.
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.
Cautionary Note Regarding
Forward-Looking Statements
This press release may contain
forward-looking information within the meaning of applicable
securities legislation, which reflects the Company's current
expectations regarding future events. Forward-looking information
is based on a number of assumptions and is subject to a number of
risks and uncertainties, many of which are beyond the Company's
control that could cause actual results and events to differ
materially from those that are disclosed in or implied by such
forward-looking information. Readers should not place undue
reliance on forward- looking statements and forward-looking
information and are cautioned that reliance on such information may
not be appropriate for other purposes. The Company does not
undertake any obligation to update such forward-looking
information, whether as a result of new information, future events
or otherwise, except as expressly required by applicable
law.
On Behalf of the Board of
Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio Useche
President and CEO
For more information about this
press release:
RENMARK FINANCIAL
COMMUNICATIONS INC.
Steve Hosein: shosein@renmarkfinancial.com
Tel: (416) 644-2020 or (514)
939-3989
www.renmarkfinancial.com
RELEVIUM TECHNOLOGIES
INC
Email: investors@releviumtechnologies.com
Website: www.releviumtechnologies.com
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