Datametrex Announces $600,000 Renewal Contract with LOTTE
January 20 2020 - 7:00AM
Datametrex AI Limited (the “
Company” or
Datametrex”) (
TSXV: DM)
(
FSE: D4G) is pleased to announce it has secured
an additional contract with a division of LOTTE for approximately
$600,000. The contract is renewal from last year, and it is for 12
months monthly subscription.
“I am thrilled to start the new year with a large
contract from LOTTE. Our team is doing an excellent job servicing
LOTTE as they continue to execute on our “land and expand”
strategy. Generating more SaaS business is one of our key
objectives as it will help to smooth out our lumpier government
contracts,” says Marshall Gunter, CEO of the Company.
The Company also wishes to provide an update on the
previously announced license sale to GreenInsightz. Given the
challenging environment in the sector, GreenInsightz and Datametrex
have agreed to rework the purchase terms as follows:
- $250,000 CAD cash payment
- 30% of GreenInsightz equity position
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).
For further information, please
contact:
Jeff StevensEmail: jstevens@datametrex.comPhone:
647-777-7974
Forward-Looking Statements
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statements contained herein that are not clearly historical in
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forward-looking information contained herein is made as of the date
of this press release and is based on the beliefs, estimates,
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obligation to update or revise any forward-looking information,
whether as a result of new information, estimates or opinions,
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