TORONTO, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) is pleased to announce that through its wholly-owned subsidiary, Nexalogy, is in talks with multiple cannabis companies to provide key Artificial Intelligence technology to analyze and manage vital information for growers. Nexalogy is exploring a potential JV partnership with a key technology provider for the cannabis sector that captures vital information through its sensor technology around yields, grow information and plant maintenance. Nexalogy sees that it can provide unique AI analysis for growers across the whole agricultural sector with strong emphasis on cannabis where AI can provide advantages on all the variables captured and needed including water usage, sunlight, CO2 levels, etc.
Nexalogy’s patented solutions provide valuable insights and analysis from a variety of data sources, providing a unique tool to analyze information and make informed decisions. Nexalogy’s proprietary algorithms, when merged with traditional business intelligence, provides an innovative platform leveraging machine learning, social data intelligence and social Internet of Things (“IoT”) technology to redefine data analysis.
“Nexalogy’s ability to interpret large unstructured datasets can provide Cannabis growers with a key competitive advantage from seed to sale. As Canada embarks on legalization of Cannabis, we see a great opportunity to leverage and focus our tools on the sector to become one of the leading providers of Cannabis and Agriculture AI solutions,” says Andrew Ryu, Chairman and CEO of the Company.
About the Company
Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big Data, collecting data from retail point of sale 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). and 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
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. 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. Except as required by law, the Company 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.