Does anyone here know about this Cdn Military contract It appears to be a collaborative application that would see a MDA retain 70%... Please see #2 Below
Datametrex - Possible gains through Corona test kits
Read this promising summary today, incl. link & increased my position:
https://www.irw-press.com/de/news/nachweis-des-neuen-virenstamms-mit-covid-19-testkit-von-datametrex-ai-moeglich_54923.html?isin=CA23809L1085
Datametrex has various AI products which they have already sold to NATO, US Air Force and Air Canada. **In addition they have the license on the best covidtests in the world. Their test is also able to detect the new UK mutation of the virus as well as the initial strain**. They are now offering these tests to various airlines and other large companies (Walt Disney etc.). The capital generated by these tests will be invested in AI products and research. It is not for nothing that DM is also called the "little Palantir".
**DM is still completely undervalued with a P/E ratio of 2.**
This year they have delivered an exceedingly insane performance (cash generation), which will certainly not go unnoticed for long.
Looking at Datametrex's business, it can be said that Datmetrex has kicked off numerous exceedingly promising developments in 2020 that will pay off in 2021.
1. In April 2020, CEO Marshall Gunter had announced that the COVID business would be used to move the AI business forward. In September 2020, M. Gunter announced that DM had someone in Berlin to build the business in Germany/Europe.
Then in December 2020 DM launched NexaSMART and on Dec 30, 2020 DM announced with a press release that NexaSMART is available in German and they want to focus on the campaign in Germany in 2021.
In my opinion, this is the right approach and especially the right time, as this will boost the license-business, build a cash flow base, reputation and valuable contacts in Germany. If Datametrex establishes its land-and-expand strategy in the German economy, as it did in South Korea, there is a lot of room for improvement in terms of customers and AI sales (we have 1,400 billion euro turnover companies alone, all of which are on the move on social media and the like).
By the way, most investors in Germany are not yet aware that NexaSMART is available in Germany, as the news was only published in English.
2. There is an application, for a $40 million AI funding contract with the Canadian Department of National Defence in the pipeline. The grant application has been submitted in conjunction with MDA, with whom Datametrex is working in the IDEaS program. This means that if DM is successful in getting the application through, which is still doubtful, then the $40 million CAD will be shared with MDA and over several years. If we conservatively assume 30% DM and 70% MDA and a three-year funding contract, that should mean: 40 million CAD * 0.3 / 3 years * 0.64 Euro exchange rate = 2.56 million Euro AI contract in 2021, 2022, 2023 AND further development of AI products.
3. In South Korea, former LOTTE Cybersecurity Vice President Edward Choi has been in charge of Datametrex's AI business since July 2020. Since then, Datametrex Korea has signed new AI contracts with LOTTE, Samsung, SeeS, 7Eleven (Robotic Process Automation as pilot for new AI product), Seoul Airport Company (Batch Management Pilot as new AI product), Insurance Company, ... concluded. In 2021, further contracts are likely to be added and possibly one or the other pilot will be transferred to a follow-up contract. This would then also mean that DM would have new AI products in its portfolio.
4. DM is exchanging views with NATO this summer on the further use of NexaSMART. Follow-up discussions with U.S. Cyber Command are also pending. In addition, in the private sector, NexaSMART is to be rolled out in Canada and the US (basis for Land-And-Expand strategy, which should then lead to the million-dollar contracts in 2022 and 2023 (as in South Korea).
5. COVID business will continue to gain momentum in 2021. On the one hand, people willing to travel will not miss the opportunity to fly on vacation again this year, and on the other hand, this will require either vaccination or a negative test result. **As an Air Canada accredited provider of Corona testing, Datametrex will earn from the holiday-related testing demand**. In addition, Hollywood has halted the vast majority of productions in California. However, with demand for film and series productions higher than ever and Vancouver being the second largest production location for TV and movies, more productions will be moved to Canada.