Datametrex Moves To Final Round For $40 Million Contract Proposal

Datametrex AI (TSXV: DM) appears to be just a step away from securing a major contract in Canada. The company has reportedly entered into the final round for a major contract within the country.

Datametrex AI's Logo

The contract in question is valued at roughly C$40.0 million, with the contract said to be related to artificial intelligence. The company has safely made it to the final round of the RFP, or request for proposal, process for the bidding of the contract.

It still remains unclear what industry the contract pertains to, or whether its a public or private entity that has put out the request for proposals. The company stresses as well that the bid remains subject to all criteria being met on both technical merit and the ability of the firm to delivery on the deadlines described.

“We are proud to be selected for the final round for this AI business and are excited by the possibilities this creates for our employees, customers, partners and shareholders. We are cautiously optimistic. We believe the growing momentum with AI will remain through 2022 as the overall economy improves and more organizations return to investing in technology,” commented Marshall Gunter, CEO, on the development.

Datametrex AI last traded at $0.17 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

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

Datametrex Renews Contract With US Air Force For A.I. Tech

Datametrex AI (TSXV: DM) has seen its contract extended with the US Air Force for...

Friday, July 31, 2020, 11:57:16 AM

Datametrex: The Strategy To Move Into Telehealth – The Daily Dive

Today on the Daily Dive, we see the return of Marshall Gunter, CEO of Datametrex...

Tuesday, April 6, 2021, 01:30:00 PM

Datametrex Reports $0.056 Per Share In Cash And Equivalents On Its Balance Sheet

Datametrex AI (TSXV: DM) continues to see positive cash flow from its growing operations in...

Tuesday, January 18, 2022, 11:26:00 AM

The Deep Dive Assembles Company Overview On Datametrex AI

The Deep Dive has compiled a company overview for that of Datametrex AI Limted (TSXV:...

Sunday, June 14, 2020, 08:30:00 AM

Datametrex AI Bags Two More Contracts Within Canadian Film Industry

Datametrex AI (TSXV: DM) issued a brief press release this morning, indicating it has secured...

Friday, September 10, 2021, 08:07:27 AM