TORONTO, March 28, 2018 (GLOBE NEWSWIRE) --
Datametrex AI Limited (the “Company” or “Datametrex”) (DM.V) (D4G.F) is pleased to announce the filing of two patents through its joint venture company, Graph Blockchain Limited (“Graph”), with the United States Patent and Trademark Office (“USPTO”), in concert with filing with the Korean Intellectual Property Office (“KIPO”). The patents are related to the proprietary methodologies, processes and algorithms which focus on the enhancement of transactional performance, for private blockchains. This includes data gathering and throughput, optimizing and presenting to the User Interface (“UI”) Dashboard at rates that are considerably faster than traditional relational systems. The patents primarily address the transactional processing speed of the blockchain and the speed of how data is then displayed.
“Building on the positive momentum we have seen through the contracts with major global and national conglomerates in South Korea, and our growing solution-based business with Canadian companies, particularly with the rapidly rising Cannabis industry, this is the next step to further confirming our proficiency in the private blockchain space. I’m very excited about the expanding prospects that our unique processes bring to the market, and proud of the technical schema by our development team, in partnership with the technical expertise of our U.S. California based colleagues at Bitnine Global Inc. (“Bitnine”)," said Peter Kim, President and COO of Graph.
Andrew Ryu, CEO & Chairman of the Company, commented, “I’m pleased to see that Graph Blockchain adds value to Datametrex’s business initiatives and growth, as the company takes the necessary steps in driving forward and growing our presence as a leader in the private blockchain and data management sector. Creation of a patent portfolio is our show of know-how and commitment to this emerging industry.”
About Graph Blockchain
Graph Blockchain is a joint venture formed between Datametrex and Bitnine. The JV mandate is to bring the value of Graph Database technology to the blockchain environment where there is a great need to enhance performance and present the verified and authenticated data in unique ways. The company has filed a Non-Offering Prospectus with the Ontario Securities Commission (OSC) to be listed on the Canadian Securities Exchange (CSE).
About Datametrex AI Limited
Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big Data, collecting data from retail point of sales environments. Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology for secure Data Transfers through its joint venture company, Graph Blockchain (www.graphblockchain.com). Industrial scale Cryptocurrency Mining through its wholly owned subsidiary, Ronin Blockchain Corp (www.roninblockchain.com).
Additional information on Datametrex is available at: www.datametrex.com
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For further information, please contact:
Jeffrey Stevens – President & COO
Phone: (647) 400-8494
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the timing and completion of any blockchain related activities as the subsidiary is newly incorporated and has no current operations. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) the lack of material changes to general economic, market and business conditions. Except as required by law, the Corporation does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.