Datametrex AI (TSXV: DM) has secured further work from that of the LOTTE Group in South Korea. The company this morning announced the signing of approximately $550,000 in additional work in aggregate from three divisions of the firm, as well as from the Incheon International Airport Corp and the Shinhan Financial Group.
The contracts all come through the firms artificial intelligence and tech divisions. In the case of Lotte, the company will be working with Lotte Aluminum, Lotte Global Logis, and Lotte Hi Mart, with further details not provided. The company continues to be a preferred vendor for the group of companies.
The new arrangement with Shinhan Financial meanwhile will see the company implement its AI-based server automation technology for server batch jobs and task-screening software. The tech will ensure that task results are correct, while also handling errors in banking.
“Datametrex continues to grow its core business. We are starting to see the reduction in cycle time for AI model optimization and adoption. With the company being flexible enough to provide our clients with whatever AI solution their needs require, we should see improved numbers from the AI division.”Marshall Gunter, CEO
Datametrex AI last traded at $0.285 on the TSX Venture.
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