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Bullboard - Stock Discussion Forum Datametrex AI Ltd V.DM

Alternate Symbol(s):  DTMXF

Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence, healthcare, and mobile gaming. It is focused on collecting, analyzing and presenting structured and unstructured data using machine learning and artificial intelligence. The Company's products include AnalyticsGPT, Cyber Security, and Healthcare. AnalyticsGPT platform scans vast data streams from... see more

TSXV:DM - Post Discussion

Datametrex AI Ltd > The last news release forgot to mention this important deal:
View:
Post by reyesingup on May 10, 2021 3:27pm

The last news release forgot to mention this important deal:

Perhaps the close of this deal will be the next news release: 

Mar. 10th, 2021

Datametrex AI Limited (DM) has entered into a Letter of Intent to acquire 100% of Perspectum Drone Inspection Services Ltd. a privately held Alberta-based artificial intelligence drone imaging predictive analytic services company.

The definitive agreement is expected to be signed on or before March 31, 2021.

Once the transaction has closed, Perspectum will become a wholly-owned subsidiary of Datametrex. Ty Pfeifer will be appointed President of Perspectum.

"The impact of the acquisition of this AI business cannot be minimized. The demand for imaging predictive analytic reporting continues to be a large area of growth. As businesses and countries continue to work towards zero emissions and carbon neutral footprints, we believe that adding this imaging predictive AI element to our existing cybersecurity business will drive significant value for our stakeholders.", said Marshall Gunter, Datametrex's Chief Executive Officer.

Datametrex will provide Perspectum with $550,000 to allow the completion of its AI integration and to purchase a second drone/camera platform.

Founded in 2019, Perspectum is a drone-based imaging predictive analytics AI services company, focusing on environmental and safety predictive analysis.

Perspectum deploys multiple technologies including delivery platforms, sensors, software and data management to deliver the most efficient inspection services available while addressing matters related to safety, environment, accuracy, reliability, and cost.

**** I think this was a smart deal and will bring in some good revenue in the future ****

Comment by Wormi12345 on May 10, 2021 3:36pm
Is this deal already done?
Comment by MoreUpThanDown on May 10, 2021 3:38pm
Based on call today, Marshall said due diligence phase is currently ongoing... that's what I heard. All IMO. DYODD.
Comment by bohemian62 on May 10, 2021 5:52pm
I have my suspicion of this deal falling through due to the date which is long overdue and falls in the likes of the Ronin and Target telemedicine file .   The Transaction It is anticipated that the Transaction will be structured as a share acquisition. Datametrex will acquire all of the securities of Perspectum. It is anticipated that the Definitive Agreement will be signed on or ...more  
Comment by Kazam1961 on May 10, 2021 8:05pm
These might be some topics that could be addressed on next weeks call with Marshall in my opinion. Good observations… Thank you for your input. Good luck to all
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