TORONTO - October 15, 2020) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the "Company" or "Datametrex") is pleased to announce that the Company has started to deploy in the market MiCovid Cam Temperature Scanners with COVID-19 testing customers from October 9, 2020. This product is a new AI thermal detector with facial recognition and non-contact temperature assessment device to identify and triage people who may have elevated temperatures.
Utilizing the latest AI chipset technology, MiCovid Cam offers immediate body temperature detection, a long sensor range, and a high level of accuracy. MiCovid Cam is fully integrated into Web Services API suite allowing third party and independent software developers to adopt body temperature data into their current and future software solutions. It is fast, non-contact, non-invasive and accurate so as to not delay or hamper the customer experience.
"As we potentially enter into a second wave of the COVID-19 there is a need to support the reopening of economies, and having another tool to support this with MiCovid Cam, which is a solution capable of fast tracking the safe return of customers to office buildings, restaurants, retail outlets, coffee shops, government offices, and educational institutions.", commented Marshall Gunter CEO of the Company.
The Company issued 2,500,000 stock options with an exercise price of $0.12 to a consultant pursuant to its stock option plan on October 7, 2020.The options will expire on October 1, 2023.
The Company also wishes to clarify certain statements included in its press release dated October 1, 2020 (the "CEO Update Release"). Certain statements included in the CEO Update Release constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements contained in the CEO Update Release include statements with respect to the Company's intention regarding possibility of consolidating its common shares and the Company's anticipated profitability. The Company cautions readers that these forward-looking statements are not historical facts and may have involved estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. Specifically, forward-looking statements contained in the CEO Update Release were based on certain assumptions made by management of the Company, including with respect to the projected growth of the market for the Company's products, the Company's ability to meet customers' product demand, the projected financial performance of the Company, the Company's ability to obtain and maintain all necessary government approvals to operate its business and the absence of any unforeseen logistical delays in the Company's growth including those related to COVID-19. No assurance can be given that these expectations will prove to be correct. Undue reliance should not be placed on the forward-looking statements included in the CEO Update Release. The forward-looking statements included in the CEO Update Release were made as of the date of the CEO Update Release. The Company has undertaken no obligation to update or revise any forward-looking statement included in the CEO Update Release to reflect events or circumstances after the date on which such statements were made or to reflect the occurrence of unanticipated events, except as required by applicable securities laws.
Datametrex AI Limited is a technology-focused 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 goals, including Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, 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 - CEO Phone: (514) 295-2300 Email: email@example.com
Neither the TSX Venture Exchange nor it's 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.
Certain statements including in this news release contain "forward-looking information" or constitute "forward-looking statements" within the meaning of applicable securities laws. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy, including the dollar amount of revenue anticipated under the Agreement.
Forward-looking statements or information are based on current expectations, estimates and projections that involve several risks and uncertainties, which could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties may cause actual results to differ materially from the forward-looking statements or information.
Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties. Readers are also 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 time such forward-looking information is made. 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.