knoxt wrote:
Newsfile Corp
Toronto, Ontario--(Newsfile Corp. - July 21, 2022) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex'') is pleased to announce that its wholly-owned subsidiary, Datametrex Electric Vehicle Solutions ("DM EVS"), has partnered with real estate developers and commercial landlords in B.C. and secured seven (7) commercial properties including commercial retail plaza, multi residence apartment, and golf clubs to install its EV charging platforms. The Company has commenced its first deployment of charging stations at a commercial plaza in North Vancouver, and plan to expand further in the commercial real estate space in Canada. This partnership will generate significant SaaS revenue growth for the Company.
The Company's focus has been on eliminating range anxiety, so drivers feel comfortable in their electric vehicles (EV). Expanding operations into the deployment of installing smart EV charging platforms across Canada, along with its upcoming mobile charging vehicles, will expedite bringing EVs to everyone.
DM EVS is now eligible for the following two (2) important programs:
- EV incentives with Green Economy Canada's EV Charger Incentive Program, which allows 50% refunds for installing EV charging platforms.
- The Federal and Provincial EV Charger Rebate Program which includes the Green Energy Credit (GEC) as the Company is making headway in improving fossil fuel emissions and using green energy to help cut Canada's carbon pollution. (Source: https://greeneconomy.ca/evchargerincentive/)
The latest data reports that some of the largest car manufacturers, such as Polestar, reported a 125% increase in electric car sales (Source: https://electrek.co/2022/07/13/polestar-reports-125-increase-electric-car-sales-quiet-success-ev-space/).
Hyundai and Genesis EV car sales also ramp up and improve over 30% in June 2022. (Source: https://insideevs.com/news/597981/hyundai-plugin-car-wholesale-shipments-june2022/) With EV sales soaring, the market for EV charging stations is a necessity. The Company is confident in the choice to expand EV operations as the latest Canadian data shows growth in the Canadian EV charging network rapidly increasing with fast charger installations up 39%. (Source: https://electricautonomy.ca/2022/03/31/canadas-public-charging-networks-2021/)
"With Canadian and the US initiatives being put in place to grow the EV market and install more charging stations to help cut carbon pollution, it was a no-brainer to expand DM EVS from roadside assistance to also providing charging stations for EV drivers. Building a recharging environment to provide EV solutions to all is a priority, and this is the first step!" said Marshall Gunter, CEO of the Company.
"We are pleased to have established a partnership with real estate developers. This partnership allows the Company to build a strong, fast, and secure charging platform for all-electric vehicles. This will be a great SaaS model for the Company's revenue, which will boost shareholder value," said Gregory Lee, President of DM EVS.