Datametrex Sells $1M AI License
TORONTO, Sept. 17, 2019 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the Company or Datametrex) is pleased to announce that the Company has licenced its software platform to GreenInsightz Limited (GreenInsightz) for the use of its proprietary Nexalogy artificial intelligence software platform for $1 million (the Licence Fee). The payment will be comprised of $500,000 cash and $500,000 in shares of GreenInsightz. $250,000 of the cash part of the purchase price has been paid, and the remaining $250,000 is scheduled to be paid within 30 days. GreenInsightz is a Canadian company that collects, collates, analyzes, and sells data.
We are excited to work with GreenInsightz to assist in their commercialization efforts. AI and machine learning technology will play a vital role in analyzing unique data sets across various industry. We believe there is a great opportunity for Datametrex in licencing our unique and powerful technology to companies like GreenInsightz, said Jeff Stevens, President and COO of the Company.