Datametrex AI (TSXV: DM) evidently knows how to keep its clients happy. The firm this morning indicated that it has received yet another purchase order from the LOTTE group of companies, as well as one from Samsung SDS Co.
The purchase orders are said to be valued at $1.2 million in aggregate, with both firms being long term clients of the company. “Datametrex continues to execute on its land and expand strategy with increasing sales with long term clients such as Samsung and LOTTE,” commented CEO Marshall Gunter on the development.
The purchase orders are believed to be in connection with the firms artificial intelligence division, which evidently has had a growing presence in South Korea, where both LOTTE and Samsung are based.
LOTTE Group is one of the largest conglomerates in South Korea, comprised of multiple divisions that boast a combined annual revenue figure of US$60 billion. Samsung SDS meanwhile is the IT arm of the Samsung Group, with offices spread across 41 countries.
Datametrex AI last traded at $0.155 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. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
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.