Toronto, Ontario--(Newsfile Corp. - October 23, 2023) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex'') is pleased to announce that it is assessing opportunities to resume its COVID-19 testing business, in response to heightened interest from the film and production industries. The Company previously generated revenues of $25.9mn in 2022, $45.0mn in 2021, and $8.3mn in 2020 from Health Security, with the primary contribution coming from its COVID-19 testing services.
As the world continues to navigate the challenges presented by the COVID-19 pandemic, the film and production industry has shown a growing need for reliable and efficient testing solutions to ensure the safety of their staff and the successful execution of their projects.
The Public Health Agency of Canada reports that COVID-19 hospitalizations are on the rise across Canada as a wave of infections sweeps the population and COVID-19 hospitalizations have reached numbers not seen since last winter. (Source: https://www.ctvnews.ca/health/coronavirus/covid-19-hospitalizations-reach-numbers-not-seen-since-last-winter-1.6605491)
With the recent resurgence of COVID-19 cases, the Company recognizes that COVID-19 testing services may be essential for the film and production industry to implement rigorous safety measures on set and are closely monitoring the regulatory updates and guidelines related to COVID-19 testing within the film and production industry. The Company is now actively evaluating the possibility of reinstating its COVID-19 testing services, aligning with industry-specific regulations, and ensuring that the highest safety standards are upheld.
As discussions continue, Datametrex remains dedicated to exploring the potential of providing COVID-19 testing services to the film and production industry and contributing to the safety and well-being of all involved in these projects.
"We are pleased to see the film and production industry express interest in our COVID-19 testing services. The safety and well-being of individuals working on set are paramount, and we are committed to offering reliable testing solutions to help the industry maintain a safe and productive environment," said Marshall Gunter, Chief Executive Officer of the Company