Datametrex AI Limited (TSXV: DM) has received government clearance to fulfill its previously announced purchase order. The order, for an initial 10,000 COVID-19 test kits, will be shipped directly from the manufacturer to the mining firms operations in Mali, West Africa.
The total purchase order is for a gross amount of $500,000, which excludes the cost of shipping to site. All materials have been secured from the manufacturer required to fill the order, and the company believes it will have little to no upfront costs to have the order fulfilled.
The test kits sourced from Datametrex is that of the iONEBIO iLAMP Novel-CoV19 Detection Kit, along with an accompanying sterile swab for each kit, and 1 PCR detection system. The system enables to client to analyze the samples and provide results within approximately 1 to 20 minutes with 99.9% accuracy. Each of the kits contains 288 individual tests, all of which can be analyzed with an hour.
Datametrex is currently in the process of organizing shipping of the product from South Korea, where the kits are manufactured, to that of West Africa.
Datametrex last traded at $0.13 on the TSX Venture.
Information for this briefing was found via Sedar and Datametrex AI. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.