Datametrex Signs $2.6 Million Sales Contract For AI Tech
Datametrex AI Limited (TSXV: DM) appears to be firing on all cylinders. The company this morning announced a significant $2.6 million sales agreement, this time for its technology rather than COVID-19 test kits. The arrangement is with that of SeeS Solutions Inc, a server operation automation and management provider.
The agreement will see Datametrex’s AI product portfolio monetized to provide SeeS with an automated operating solution, to be used by its large corporate clients that include Samsung Electronics and Samsung SDI, among others such as banks and insurance firms. The agreement will see sales of $2.6 per annum in exchange.
The tech specifically being utilized appears to be Datametrex’s research and analysis platform. While commonly used to extract data from masses of content such as social media content and news articles, the technology is also useful for analyzing reams of unstructured text and other data. This mass analytical power is what has been licensed for use by that of SeeS Solutions.
“At Datametrex we continue to execute on our strategy of increasing software sales through long term customer partnerships. We are working diligently in the background and are thrilled to finally announce this partnership as another step in our growth trajectory.”
Marshall Gunter, CEO of Datametrex
SeeS Solutions is an operating within the domestic IT business automation solution segment, whom has also recently expanded its overseas operations. The company has three segments, which include automated server operation, simple repetitive tasks in server operation, and automatic work processing.
Datametrex AI last traded at $0.09 on the TSX Venture.
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