Posted by AGORACOM
at 12:08 PM on Monday, May 31st, 2021
When it comes to small-cap companies, tech-focused Datametrex AI is in rarefied air; they have not one but two successful independent divisions each capable of being a company maker: COVID-19 test kit distribution, and AI-driven social media monitoring and discovery.
In our newest interview with Datametrex, we sit down with CEO Marshall Gunter to discuss the company’s record-breaking Q1 2021, their explosive AI business, their incredibly successful foray into the COVID-19 market, and more.
Record Q1 Revenue of $19.04 Million up 2,253%
Record Adjusted EBITDA of $10.68 Million up 1,548%
Posted by AGORACOM-JC
at 7:12 PM on Friday, April 30th, 2021
When it comes to small-cap companies, tech-focused Datametrex AI is in rarefied air; they have not one but two successful independent divisions each capable of being a company maker: COVID-19 test kit distribution, and AI-driven social media monitoring and discovery.
Financial Highlights for year ending December 31, 2020:
Revenue of $12.3M vs. $3.4M for FY 2019
An increase of 264%
We sat down with CEO Marshall Gunter to discuss these highlights, the COVID-19 landscape, telemedicine, 2021 plans, and more.
Posted by AGORACOM-JC
at 8:58 AM on Wednesday, April 21st, 2021
Announced that it has sold and installed multiple ThermalPass temperature scanning systems in one of North Carolina’s largest school districts.
In accordance with the CDC’s new in-person reopening mandate, the ThermalPass touchless temperature screening system has been installed in multiple locations at Iredell-Statesville Schools in the central section of the state where more than 20,000 students attend classes across 37 campuses.
TORONTO , April 21, 2021 – Predictiv AI Inc. (TSXV: PAI) (OTC: INOTF) (FSE: 71TA) (“Predictiv AI” or the “Company”), a software and solutions-provider in the artificial intelligence markets www.predictiv.ai , is pleased to announce that it has sold and installed multiple ThermalPass temperature scanning systems in one of North Carolina’s largest school districts. In accordance with the CDC’s new in-person reopening mandate, the ThermalPass touchless temperature screening system has been installed in multiple locations at Iredell-Statesville Schools in the central section of the state where more than 20,000 students attend classes across 37 campuses.
“We were very impressed with the ease of use of the product and are thrilled to have implemented it as another layer of protection within our health and safety protocols,” said Kenny Miller , Assistant Superintendent, Facilities and Planning, Iredell-Statesville Schools. “Its accuracy and the speed of scanning, all within the normal movement of our students, allows us to dedicate resources elsewhere that would otherwise be required to operate manual temperature screening solutions. The system also allows us to remain socially distanced and to adhere to the CDC guidelines. Working with the ThermalPass team was extremely easy as they are customer-oriented and interested in providing a quality product, at a reasonable price, with superior service after the purchase. I highly recommend ThermalPass and their team if you need a simple, effective, reasonable health screening solution.”
Jason Elmaleh , President of Commersive Solutions, joint venture partner in ThermalPass said, “We’re thrilled to be working with such a dedicated group of educators who see the value in our solution now, during the pandemic and beyond, as we start to get back to our normal lives. If we are able to reduce the average number of sick days taken from students being out of school by just half a day, that will result in well over a half-million dollars of additional district funding for Iredell-Statesville Schools that would otherwise not be disbursed. We look forward to our ongoing work with them as we explore additional integrations such as adding metal detection to their units.”
“We anticipate the education market for ThermalPass will expand rapidly, especially in the US where the American Rescue Plan Act was just passed,” said Michael Lende , CEO of Predictiv AI. “This COVID-19 stimulus package includes an unprecedented US$1.9 trillion aid package to help state agencies and school districts reopen and sustain the safe operation of schools.”
While many factors contribute to school absenteeism, student illness is believed to be the main driver of student absenteeism. According to a report by EMist , the average student in the US (K-12) misses 4.5 days per school year, while the average teacher misses 5.3 days per school year. The total loss of funding to education systems associated with student absenteeism each year in the US is estimated to be $10.7 billion dollars .
For more information on Predictiv AI or ThermalPass, visit: www.predictiv.ai and follow Predictive AI on:
About Predictiv AI Inc. Predictiv AI Inc. www.predictiv.ai is a technology company which helps businesses and organizations make smarter decisions using advanced artificial intelligence, deep machine learning and data science techniques. Its Weather Telematics Inc. subsidiary uses patented air quality monitoring sensors to provide predictive weather risk information to the insurance, logistics, fleet management and public safety sectors. The Company’s R&D division, AI Labs Inc., develops new products that solve real-world business problems. The joint venture with Commersive Solutions Corp. is developing innovative technologies for use in various public spaces, starting with the ThermalPass™ temperature screening system.
Cautionary and Forward-Looking Statements Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results of the Company to differ materially from the conclusion, forecast or projection stated in such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, ThermalPass achieving the commercial results anticipated by the Company, market demand for ThermalPass and other factors referenced in the Company’s other continuous disclosure filings, which are available at sedar.com. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.
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
Posted by AGORACOM
at 9:51 AM on Tuesday, April 13th, 2021
TORONTO , April 13, 2021 /CNW/ – Predictiv AI Inc. ( TSXV: PAI) (OTC: INOTF) (FSE: 71TA ) (” Predictiv AI ” or the ” Company “), a software and solutions provider in the artificial intelligence markets, is pleased to announce that it has entered into a consultancy agreement, effective immediately, with F2 Factor (“F2”) to provide strategic support services to the Predictiv AI leadership team, and to increase sales and distribution across brands and products.
As a leader in multichannel marketing, sales, and distribution, F2 Factor is a firm which works in tandem with leading businesses to build and execute their sales strategy. The firm is led by Mark Collins who will be working directly with the leadership team at Predictiv AI.
As a seasoned executive, Mark has built a track record of success, winning numerous awards throughout his career with GE and Cisco. Mark has played a leadership role in building multiple $100m franchises within global companies and worked with many start-up and scale-up companies over the years.
“Predictiv AI has already demonstrated an ability to bring cutting-edge technology to market at the right time to set the foundation for enabling intelligent infrastructure and controls for shared spaces that are game changing”, said Mark Collins, President of F2 Factor.
Posted by AGORACOM-JC
at 6:25 PM on Monday, April 12th, 2021
Predictiv AI’s proprietary artificial intelligence and machine learning platform provides predictive and prescriptive solutions in the public safety sector.
Its flagship product is its ThermalPass temperature scanning devices, which use cutting edge tech to mitigate the spread of contagions in public places, such as factories, supermarkets, schools, office buildings, mass-transit stations, hospitals and long-term care facilities.
24 medical grade sensors
1,200 readings per second
1 person / second
Received orders for 90+ units of ThermalPass following commercial launch in October 2020
The company this month secured backing from one of the largest and most respected hospitals in the U.S., with a game-changing deal to install multiple ThermalPass temperature scanning devices in Memorial Healthcare System’s flagship South Florida hospital and its six-hospital network.
$PAI has also been making strides with its subsidy Weather Telematics, which:
Launched its Alert Fleet product, a road weather hazard alert system for commercial fleets.
Alert Fleet advises drivers of dangerous conditions, such as black ice or hydroplaning, 200 metres ahead, thus providing time to mitigate risk and avoid accidents
Recent partnership with Propel IT to accelerate commercialization of IT SAAS Fleet Safety Platform
The latter partnership will significantly enhance available real-time data access for drivers and dispatchers.
Michael Lende, Predictiv AI’s CEO and President, breaks down the news:
Posted by AGORACOM
at 9:45 AM on Friday, April 9th, 2021
TORONTO , April 9, 2021 – Predictiv AI Inc. ( TSXV: PAI) (OTC: INOTF) (FSE: 71TA ) (” Predictiv AI ” or the ” Company “), www.predictiv.ai , a software and solutions provider in the artificial intelligence markets, is pleased to announce it has installed multiple ThermalPass temperature scanning devices in Memorial Healthcare System hospital facilities in south Broward County.
Memorial is a leader in providing high-quality healthcare services to South Florida residents through its six-hospital network and various ancillaries throughout South Florida. The initial rollout of units was completed at Memorial Regional Hospital, the flagship facility and one of the largest hospitals in the state and Memorial Regional Hospital South, home of the Rehabilitation Institute.
“With COVID-19 still threatening our community, it’s important for us to continue using technology in a way that will help us maximize our team’s time and provide quality and safe care to our community,” said Dawn de la Vega , MSN, RN, Director of Nursing at Memorial Regional Hospital. “We have integrated ThermalPass, which has helped us eliminate forehead temperature checks and capture core temperature for employees reporting to work in a more efficient manner.”
“It is an honour to be of service to one of America’s top healthcare systems, having garnered many prestigious awards over the years, including having been selected by the American Hospital Association from more than 5,000 hospitals as the national model for improving the health of the community,” said Jason Elmaleh, President of Commersive Solutions, joint venture partner in ThermalPass.
Posted by AGORACOM
at 1:34 PM on Tuesday, March 23rd, 2021
Company to acquire 100% of the issued and outstanding share capital of a telemedicine company that is a subscription service that connects patients with providers or doctors in real-time.
Datametrex intends to integrate the Target’s platform into the Company’s core AI technology.
Toronto, Ontario–(Newsfile Corp. – March 23, 2021) – Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the “Company” or “Datametrex”) is pleased to announce that it has entered into a Letter of Intent (the “LOI“) on March 22, 2021, to acquire 100% of the issued and outstanding share capital of a telemedicine company (the “Target”),an arm’s length privately held company, incorporated under the laws of the Province of British Columbia.
Pursuant to its confidentiality obligations, the identity of the Target is confidential and will be subsequently disclosed if the parties enter into a Definitive Agreement (as defined below).
Subject to the completion of satisfactory mutual due diligence within thirty (30) days from the date of the LOI by Datametrex and Target, respectively, pursuant to the terms and conditions of the LOI, Datametrex and the Target will enter into a Definitive Agreement (“Definitive Agreement”).
“The impact of the acquisition of this telemedicine AI business cannot be minimized. The demand for telemedicine continues to be a large area of growth particularly with the current pandemic. We believe that adding this telemedicine element to our existing AI business will drive significant value for our stakeholders,” said Marshall Gunter, Datametrex’s Chief Executive Officer.
The Target is a telemedicine company that is a subscription service that connects patients with providers or doctors in real time. Datametrex intends to integrate the Target’s platform into the Company’s core AI technology.
The Transaction
It is anticipated that the Transaction will be structured as a share acquisition. Datametrex will acquire all of the securities of Target. It is anticipated that the Definitive Agreement will be signed on or before April 15, 2021 or such other date as mutually agreed to by the parties.
Closing of the Transaction is subject to a number of conditions, including but not limited to the following:
The Corporation will acquire the Target Shares for an aggregate purchase price of CAD $12 million (the “Purchase Price”). The Purchase Price shall be satisfied through the issuance of an aggregate of 60 million units (the “Consideration Units”). Each Consideration Unit shall comprise one common share in the capital of the Company (a “Consideration Share”) and a common share purchase warrant (a “Consideration Warrant”) in the capital of the Corporation with an exercise price of $0.20 per Consideration Unit; and
Each Consideration Unit shall entitle the holder thereof to acquire one common share in the capital of the Corporation at an exercise price of $0.25 per share for a period of 24 months from date of issuance;
Issuance of the Consideration Units and its underlying securities shall be subject to the receipt of regulatory approvals including, without limitation, the approval of the TSX Venture Exchange (“TSXV“) and other conditions and will be subject to statutory hold periods under applicable securities legislation;
The Board of Directors and shareholders of Target approving the Definitive Agreement and the transfer of the Target shares to the Company in exchange for the payment of the Purchase Price; and
The Company and the Target completing and being satisfied with the results of its due diIigence investigations; and
The Transaction closing on or before April 15, 2021.
On closing of the Transaction:
Target will become a wholly owned subsidiary of the Company.
Datametrex will not assume any debt of the Target and the proposed acquisition of Target is not expected to constitute a fundamental change or result in a change of business for the Company, nor is it expected to result in a change of control of the Company within the meaning of applicable securities laws and the policies of the TSXV.
Posted by AGORACOM
at 9:45 AM on Tuesday, March 23rd, 2021
TORONTO , March 23, 2021 /PRNewswire/ – Predictiv AI Inc. (TSXV: PAI) (OTC: INOTF) (FSE: 71TA) (” Predictiv AI ” or the ” Company “), www.predictiv.ai , a software and solutions provider in the artificial intelligence markets is pleased to announce that its wholly-owned subsidiary, Weather Telematics Inc. (” WTX “), has formalized a strategic product integration partnership with Propel IT Inc. (” Propel “).
The new partnership will significantly enhance available real-time data to which drivers and dispatchers can access. WTX’s hyperlocal, advanced road weather hazard alert system warns drivers of impending dangerous conditions such as black ice, poor visibility and hydroplaning.
Propel is a technology and data company that maximizes safety and efficiency in commercial fleets, who have been serving the transportation and logistics industry in the United States for more than 9 years. Propel is focused on improving driver safety, lowering insurance costs, and reducing environmental impact through fuel savings. Once commercially deployed and integrated, the Alert Fleet system will run as a SAAS model with a monthly recurring revenue component proportionate to the number of vehicles within a customer’s fleet.
“Smarter driving to us means preventing and reducing the impact of accidents for drivers and others on the road. By integrating Alert Fleet with our existing software offerings, our users will now have access to unparalleled real-time advanced hazardous road condition alerts which greatly enhances our efforts to save lives and minimize accidents that could otherwise have been preventable,” said Michael Dieschbourg, President of Propel IT.”
“We are very excited and honoured to be working with one of the world’s leading artificial intelligence institutions. We will now be able to accelerate our innovations and scale our team’s productivity while learning new ways to approach projects with new and unique technologies,” said Michael Lende, CEO of Predictiv AI. “The formalization of this relationship is a crucial building block in our growth plans as it allows us to remain asset-light while simultaneously accelerating innovation on our artificial intelligence and deep machine learning-based solutions. We look forward to a long-term association with Waterloo.AI.”
As part of our ongoing efforts to support Waterloo.AI and its partners, we’re very pleased to share information about an event they will be hosting next week – AI Industry Day on Tuesday, March 25th.
The event will be hosted via Microsoft Teams and will be an interactive and informative online event, enabling Industry to get more acquainted with various AI success stories across multi-sectors of the economy. Catering to diverse interests, attendees will have the option to choose from a menu of topics, with one stream focusing on the use of AI within Advanced Manufacturing. Applicable to all sectors, the keynote speaker will deliver the first-hand experience of “The Journey to Implement AI”, and the importance of “Data” in the future of AI. Morning and afternoon presentations are planned around a mid- day networking event amongst attendees, partners, researchers, and the Waterloo AI Eco-System.
Please feel free to check out the agenda below, click the previous link to discover more information about the event and/or additional details about each presentation, and lastly, make sure to register for the event
– it’s completely free and promises to be fun & informative!
Posted by AGORACOM-JC
at 5:29 PM on Thursday, March 18th, 2021
Predictiv AI’s proprietary artificial intelligence and machine learning platform provides predictive and prescriptive solutions in the public safety sector.
Those solutions gained a huge boost this week by way of a dynamic, major partnership with the Waterloo Artificial Intelligence Institute at the University of Waterloo.
This deal will allow access to the world’s top artificial intelligence resources
Predictiv AI’s subsidiary, AI Labs, can pursue its various innovations via Waterloo.AI as an extension of the Predictiv AI team
The collaboration will allow access to the world’s top artificial intelligence resources, creating greater bandwidth in ideation, research, and development of solutions for real-world problems
It provides a major stepping stone for Predictiv AI’s two wholly owned subsidiaries: AI Labs and Weather Telematics.
AI LABS:
Research and development business arm of Predictiv AI,
Uses deep machine learning and artificial intelligence sensor-based technology solutions to solve real-world problems
Developed ThermalPass™, a temperature detection system, to mitigate the spread of contagions in public places
51% owns SMRT Labs JV to commercialize ThermalPass. 49% by Commersive Solutions Corp., a developer of integrated, point-of-sale technologies
Commercialized ThermalPass under SMRT Labs Inc., offering two SKU’s, the ThermalPass Portable and ThermalPass Pro – ~$US 7,000
WEATHER TELEMATICS
Launched its Alert Fleet product, a road weather hazard alert system for commercial fleets.
Alert Fleet advises drivers of dangerous conditions, such as black ice or hydroplaning, 200 metres ahead, thus providing time to mitigate risk and avoid accidents
Clients in US government and expanding into insurance, agriculture and public safety
Michael Lende, Predictiv AI’s CEO and President, talks through the company’s early sales success and outlines the game plan:
