The difference in the MD&A Old statement for Nexalogy
Nexalogy
Nexalogy announced it has started the second phase of the $40 million AI project with the Canadian Government, aimed at
aiding Canadian cyber security initiatives.
The Company received several large contracts for its technology services. The Company continues to expand into new
markets, including the United States.
The Company appointed a new Chief Technology Officer, Maxime Martineau, and a new president of Nexalogy, Mr.
Charles Park, CFA.
The Company launched Smart Factory AI technology.
Nexalogy announced the development of its artificial intelligence and machine learning tool to detect depression and anxiety
online.
Updated statement for Nexalogy
Nexalogy and AnalyticsGPT
Nexalogy continues to make significant strides in its partnership with the Canadian government and is pleased to
announce it has completed the second phase of the $40 million AI project aimed at aiding Canadian cybersecurity
initiatives.
The Company received contracts worth approximately $1.2 million from its existing conglomerate clients for its advanced
technology solutions, which is attributed to the management's successful implementation of its land-and-expand strategy.
The Company successfully secured its intellectual property by obtaining two (2) technology patents for its secure data
encryption solutions.
AnalyticsGPT, which combines Nexalogy’s powerhouse software, NexaSMART with GPT technology, is set to launch
late this summer or early fall. NexaSMART is already in use by large corporations and governments. AnalyticsGPT,
the result of years of collaboration with both public and private Nexalogy clients, diversifies Nexalogy into new
markets, such as small and medium enterprises (SMEs).
AnalyticsGPT has already launched a successful beta program for its new GPT software. The program offers small to
medium enterprises (SMEs) the opportunity to sign up for exclusive access to Nexalogy’s revolutionary AnalyticsGPT
software.
The Company will continue to work with select partners to further expand and fine-tune the software.
Additionally, AnalyticsGPT has garnered global interest and members of management were invited to the Canadian
AI Business Delegation Expo in Korea. During the expo, management held several B2B meetings with leading
companies in the cybersecurity, data analytics, marketing, and PR space. The Company plans to increase operations
in Korea due to the success and interest they have received.
The official launch of AnalyticsGPT is planned for this fall. The Company plans on expanding its software to bring in
more customers with new in-depth demos and videos as various aspects of its product become declassified.