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.

Video Articles

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Datametrex Secures Additional Contracts In Korea Through AI Division

Datametrex AI (TSXV: DM) has secured further work from that of the LOTTE Group in...

Thursday, May 27, 2021, 07:49:27 AM

Datametrex Completes Over $1.0 Million In COVID-19 Test Kit Orders

Datametrex AI Limited (TSXV: DM) issued a small market update this morning, identifying that the...

Thursday, August 20, 2020, 08:36:55 AM

Datametrex AI To Repurchase Up To 5% Of Shares

Datametrex AI (TSXV: DM) is looking to put its cash to work for shareholders. The...

Friday, June 3, 2022, 08:23:38 AM

Datametrex AI Secures FDA Authorizations For Two COVID-19 Test Kits

Datametrex AI (TSXV: DM) has expanded its target market for COVID-19 test kits. The company...

Tuesday, June 9, 2020, 08:42:29 AM

Datametrex Lands Agreement With Seoul, South Korea’s Largest Airport

Datametrex AI (TSXV: DM) continues to see its userbase grow for its AI-based technologies. The...

Tuesday, December 15, 2020, 07:50:03 AM