Datametrex Awarded $208,800 Milestone 3 Completion Payment from Canada’s Defence Innovation Program
20 Juillet 2020 - 6:49PM
Datametrex AI Limited (the
“
Company” or “
Datametrex”)
(
TSXV: DM, FSE: D4G) is pleased to announce that
it has successfully been awarded the third milestone of a multi
phase R&D program through Canada’a Department of National
Defence Innovation for Defence Excellence and Security
(
“IDEaS”) program.
The Company will be receiving approximately
$208,800.00 CAD for Component 1b Milestone 3, to further develop
Nexalogy SMART, Social Media Automated Reporting Technologies,
while also expanding its fake news and narrative detection
technologies.
IDEaS was announced in Canada’s new defence
policy, Strong, Secure, Engaged, and commits to $1.6 billion of
investment in innovations for defence and security over the next 20
years. IDEaS supports the development of solutions from their
conceptual stage, through prototype testing and capability
development. The program includes several elements that promote
collaboration between innovators, provides developmental resources
and provides opportunities to interact with DND’s science and
military members. Through which all innovators are on an even
playing field to solve specific defence and security
challenges.
For more info about the IDEaS program please
visit Department of National Defence at: Innovation for
Defence Excellence and Security (IDEaS)
“Milestone 3 completion greenlights the final
phase of development for Nexalogy SMART and reflects important
progress for helping the Government of Canada maintain a
technological advantage in the realm of cyber social media
security. We are happy to have the go ahead to continue the
contract,” says Marshall Gunter, CEO of the Company.
For more information on this project or to learn
how Datametrex can assist your organization in social media
discovery, Fake News Filters and BOT detection please go to:
www.nexalogy.com.
About DatametrexDatametrex AI
Limited is a technology-focused company with exposure to Artificial
Intelligence and Machine Learning through its wholly owned
subsidiary, Nexalogy (www.nexalogy.com). Datametrex's mission is to
provide tools that support companies in fulfilling their
operational Health and Safety goals with predictive and preventive
technologies. By working with companies to set a new standard of
protocols through Artificial Intelligence and health diagnostics,
the Company provides progressive solutions to support the supply
chain.
Additional information on Datametrex is
available at www.datametrex.com.
For further information, please
contact: Marshall Gunter - CEOPhone: (514) 295-2300Email:
mgunter@datametrex.com
Forward-Looking StatementsThis
news release contains “forward-looking information” within the
meaning of applicable securities laws. All statements
contained herein that are not clearly historical in nature may
constitute forward-looking information. In some cases,
forward-looking information can be identified by words or phrases
such as “may”, “will”, “expect”, “likely”, “should”, “would”,
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similar words, expressions and grammatical variations thereof, or
statements that certain events or conditions “may” or “will”
happen, or by discussions of strategy.
Readers are cautioned to consider these and
other factors, uncertainties and potential events carefully and not
to put undue reliance on forward-looking information. The
forward-looking information contained herein is made as of the date
of this press release and is based on the beliefs, estimates,
expectations and opinions of management on the date such
forward-looking information is made. The Company undertakes no
obligation to update or revise any forward-looking information,
whether as a result of new information, estimates or opinions,
future events or results or otherwise or to explain any material
difference between subsequent actual events and such
forward-looking information, except as required by applicable
law.
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