As film and television studios continue to expand productions throughout Canada,
Datametrex AI Ltd. (TSX-V: DM, OTC: DTMXF, Forum) updated shareholders this week on its COVID-19 testing growth in film and television production.
DM’s leadership believes that (considering relationships it is pursuing and in discussions for) it is on track to achieve approximately 4,000 tests per week. Based on current operations, Datametrex, current cost and revenue model would result in revenue of approximately $20 million over the next 28 weeks.
The Company is currently supplying COVID-19 tests for 13 film productions launched in Vancouver, with additions in Montreal, and Toronto.
Datametrex Chief Executive Officer, Marshal Gunter stated that the Company is ramping up its business to meet increasing demand and our expectation based on what it is seeing in the market is on-track to execute on approximately 10,000 tests per week on a progressive basis.
“We are witnessing a paradigm shift within the film industry. With the advent of movie theaters being closed in numerous regions around the globe due to government enforced shutdowns by coronavirus, film and television companies rely more on at-home streaming services to maintain a robust revenue model. Content production is key to this and Canada is a major platform for content development. The demand remains high for qualified medical professionals from the private sector to be on site, and in the lab, ensuring complete and timely delivery of coronavirus tests supplied by Datametrex.” To read more on this news, click
here.
The Canadian tech Company recently made news when its subsidiary Nexalogy was being used to support the campaign
against intimidation of US electoral voters. With less than a wee to go, millions of American citizens have begun voting early and Nexalogy’s platform is being used to identify incident of intimidation by monitoring Twitter for keywords such as “voter”, “suppression”, “intimidation”, and “long lines”, in order to collect data of reported suppression incidents.
FULL DISCLOSURE: Datametrex AI Ltd. is a client of Stockhouse Publishing.