Datametrex Signs 9 Additional Film & Television Productions For COVID-19 Testing

Datametrex AI (TSXV: DM) this morning provided an update to the market related to its current COVID-19 testing operations within the film and television sector, revealing it is currently conducting approximately 6,000 COVID-19 tests a week. That figure is expected to rise early in the new year as well, with the company receiving orders for an additional 9 productions within Canada, scheduled to start in January.

Datametrex AI's Logo

Currently, Datametrex is currently providing testing services to six production companies in Toronto, along with eleven production companies in Vancouver, which in total results in approximately 6,000 tests being conducted each week. In January, three additional film and TV productions in Toronto and six additional productions in Vancouver will be added to the roster, bringing the total productions that the company services to twenty six.

As a result, the company has expanded its testing lab facilities in Vancouver, with the facility now capable of processing 10,000 COVID-19 tests each week. The company also has the ability to expand upon this capacity even further, if it is deemed as being required.

“With Vancouver and Toronto feature-length movies and episodic series productions filming quickly ramping up, we feel that this will only expand the COVID-19 screening business for the film and TV industries.”

Marshall Gunter, CEO of Datametrex AI

The film and TV industry in Canada is valued at roughly $8.92 in production volume, while employing 179,000 people. 37% of this is concentrated in the Vancouver region, which has 46 production studios for film, followed by the Ontario region which represents 34% of production volume in Canada.

Datametrex AI last traded at $0.125 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. Always do additional research and consult a professional before purchasing a security.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

COVID Christmas In China: Crematories Are Overrun As Cases Surge Again

The COVID-19 pandemic is coming full circle as the virus wreaks further havoc in the...

Tuesday, December 27, 2022, 11:20:00 AM

Kontrol Energy Files Four Patent Applications For BioCloud Tech

Kontrol Energy Corp (CSE: KNR) this morning announced that it has successfully filed four patents...

Monday, November 30, 2020, 08:51:34 AM

Emergencies Act Inquiry: Trudeau Made The Right Decision to Declare National Emergency During Anti-Vaccine Protests

The highly anticipated Emergencies Act Inquiry found that Prime Minister Justin Trudeau made the right...

Friday, February 17, 2023, 03:55:20 PM

Singapore Airlines Launches First Ever Covid-19 Health Passport in Bid to Revive Air Travel Confidence

As air travel continues to remain significantly subdued amid the pandemic, several airlines have been...

Saturday, December 26, 2020, 03:52:00 PM

Trump Signs $2.3 Trillion Covid-19 Stimulus and Spending Bill on Hopes Congress Votes to Increase Payouts to $2,000

Following months of deadlock between US lawmakers, a second Covid-19 stimulus bill was finally agreed...

Tuesday, December 29, 2020, 10:38:00 AM