Datametrex Sees Request To Increase Testing By 300% Due To Surging Cases

Datametrex AI (TSXV: DM) is expected to see its health division grow as a result of the exploding cases of the coronavirus. The firm this morning issued a brief update, indicating it has been requested to increase its services substantially to the film and production industry.

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The company has reportedly been requested to increase weekly testing measures by 300% in the face of rising positive cases in Canada, with a 24 hour rotation to go into effect, effective immediately. The firm was previously on a 72 hour rotation to test production sets.

As a comparison to the prior quarter, the firm in Q3 conducted a total of 67,500 tests for 41 production companies. 28 sets were found in Vancouver, 11 in Toronto, and 2 in Montreal.

As per the company, the increased testing is expected to result in “a significant increase in revenue in the COVID-19 business.”

Datametrex AI last traded at $0.19 on the TSX Venture.

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