Datametrex AI Provides Update on Negotiations With Lotte
March 22 2018 - 10:12AM
Datametrex AI Limited (the “
Company” or
“
Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to
announce that the Company is in final stages of negotiations for
implementing the Nexalogy based artificial intelligence (“AI”)
solution, “Nexa Intelligence”, with Lotte Group
(“
Lotte”) along with the Company’s partner Comas
Co., a sister company of Daewoo Information Systems Co., both of
which are owned by the Metanet Company. The initial phase of the
project will be with one of the divisions of Lotte, with an option
to expand across the organization.
“We are thrilled to share this update. The team
at Nexalogy have done a great job positioning their tools to
understand and analyze unstructured data in the Korean language,
such that we can now offer Lotte and others the benefits of social
analysis and discovery. We are pleased with the progress with Lotte
and expect strong demand for our AI solutions across many
departments,” says Andrew Ryu, CEO & Chairman of the
Company.
About Lotte Group
Lotte Group is an international conglomerate
consisting of over 90 business units employing 60,000 people
engaged in such diverse industries as candy manufacturing,
beverages, hotels, fast food, retail, financial services, heavy
chemicals, electronics, IT, construction, publishing, and
entertainment.
About Datametrex AI Ltd
Datametrex AI Limited is a technology focused
company with exposure to four exciting verticals. Big data,
collecting data from retail point of sales environments. Artificial
intelligence and machine learning through its wholly owned
subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain
technology for secure data transfers through its joint venture
company, Graph Blockchain Limited (www.graphblockchain.com).
Industrial scale cryptocurrency mining through its wholly owned
subsidiary, Ronin Blockchain Corp. (www.roninblockchain.com).
Additional information on Datametrex is
available at: www.datametrex.com
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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, including statements regarding the completion of negotiations
with Lotte and the potential expansion of Nexa Intelligence across
Lotte’s various business divisions. 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. Some of the factors on which the
forward-looking statements are premised include (but are not
limited to) the conclusion of negotiations with Lotte for the
implementation of Nexa Intelligence. 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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