TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or Datametrex”) (TSXV: DM) (FSE: D4G) is pleased to announce it has secured an additional contract with a division of LOTTE for approximately $600,000. The contract is renewal from last year, and it is for 12 months monthly subscription.
“I am thrilled to start the new year with a large contract from LOTTE. Our team is doing an excellent job servicing LOTTE as they continue to execute on our “land and expand” strategy. Generating more SaaS business is one of our key objectives as it will help to smooth out our lumpier government contracts,” says Marshall Gunter, CEO of the Company.
The Company also wishes to provide an update on the previously announced license sale to GreenInsightz. Given the challenging environment in the sector, GreenInsightz and Datametrex have agreed to rework the purchase terms as follows:
- $250,000 CAD cash payment
- 30% of GreenInsightz equity position
Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).
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