Datametrex AI Secures Additional $2.4 Million In Contracts From Lotte Group

Success in foreign markets continues to grow for that of Datametrex AI (TSXV: DM), whom this morning announced that it has secured a $2.3 million contract with that of Lotte Home Shopping Co, as a follow on sale to a $1.0 million contract it was awarded last month with various division of the Lotte Group. The sale is in connection with Datametrex’s big data AI analytics solution.

Datametrex AI's Logo

Datametrex continues to work with Lotte Group as a preferred vendor, with the group demonstrating a growing preference for their technology. The Lotte Group collectively owns an astounding 934 companies, with the latest customer being involved in operating large retail and department stores in countries that include Japan, South Korea, Vietnam and China.

An additional smaller contract was also awarded by a member of the Lotte Grop, Lotte Property and Development Co. Ltd, for approximately $100,000.

“At Datametrex, we continue our efforts to facilitate ground-breaking technologies to companies across the globe. We pride ourselves in providing tools that our clients can use to visualize their customer and stakeholder data in order to make predictive analyses, mitigate risk, and improve their bottom line.”

Marshall Gunter, CEO of Datametrex AI

The contract is expected to be delivered this month, with full payment in connection with the agreement to occur in September 2020.

The announcement follows yesterdays news that the company has managed to secure sales and distribution rights to a rapid COVID-19 antigen test, which can deliver results in as little as five to ten minutes. Simple to use, the test requires no additional equipment to generate a result, with the technology currently boasting an accuracy rate of 97%.

Datametrex AI last traded at $0.15 on the TSX Venture.

FULL DISCLOSURE: DataMetrex AI Limited is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover DataMetrex AI Limited on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Leave a Reply