Datametrex AI Ltd V.DM

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[knoxt]

Datametrex Receives $100K P.O. For Insurance Industry

 

17 Oct 202209:24 ET

Newsfile Corp

 

Toronto, Ontario--(Newsfile Corp. - October 17, 2022) - Datametrex AI Limited  (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex") is pleased to announce that it has received a Purchase Order (P.O.) from an insurance company on October 13, 2022, for approximately $100,000 CAD for the Operating System Calibration Management and Monitoring System(SysMind), which is server automization operations solution software.

SysMind offers distinctive monitoring, calibration, and predictive analytics to eliminate risk and human error and are a powerful tool to advance any Company to more successful outcomes. The Company is pleased to offer its technology solutions to the insurance industry and diversify its clientele.

The Company is not able to disclose the name of the insurance company due to the confidentiality agreement in place, and current discussion for additional sales to expand the software.

"The Company is thrilled to see the expansion of the work with a Financial Group with the second P.O. from them. Management is continuously focusing on the land and expand strategy by strengthening client relationships. We are pleased with the results so far and look forward to continued contracts with our valued clients," said Marshall Gunter, CEO of the Company.

 

[Resilience19]

While the client cannot be named, my guess is that the P.O. is with Shinhan Financial. As the NR states: " The Company is not able to disclose the name of the insurance company due to the confidentiality agreement in place, and current discussion for additional sales to expand the software. "The Company is thrilled to see the expansion of the work with a Financial Group with the second P

[Resilience19]

On the other hand, it could also be with other insurance companies, not yet divulged, as per a DM July 2020 NR which stated: "Under the terms of the agreement, SeeS will utilize Datametrexs technologies as an automated operating solution for its large corporate customers like Samsung Electronics and Samsung SDI as well as several banks and insurance companies for approximate sales of $2.6

[cryptopher]

Sometimes, we can look to the past for harbingers of what's to come in our future perhaps! https://stockhouse.com/news/press-releases/2018/03/19/datametrex-ai-joint-venture-graph-blockchain-signs-contract-with-insurance

[Investor10X]

Every contract adds up in dollar amount regardless of the size.  Great job management and DM team!  As I mentioned in past posts, DM had over $12 million in unrealized contracts listed back in August.  I assume some of these contracts may be some of those finally being realized.  

[dirtydzn]

Really?! "Every contract adds up regardless of the size." Thanks for explaining basic additon to the board. I don't know what any of us would do without your profound wisdom.

[GlenKay]

Way to kickstart the week. It's goodnews and the company is really doing some greatwork.  

[Long101]

An insurance company is nice bit of diversification. Dispite not being able to disclose this company's name, the caliber of clients -- gov's, NATO, Lotte, Samsung, etc -- that already chose Datametrex is impressive, and it's these trusted names that'll build confidence in other potential clients. At some point, with enough instilled trust and recognition, sales of every great

[dirtydzn]

Insurance companies definitely have no shortage of cash, it would be nice to see this type of technology implemented across the entire industry.

[EthanDTrader]

I believe we will see more insurance companies come on board. The Datametrex AI team means business

[scottrose]

Datametrex clients are really one of it's strengths. The company sales are growing and the AI division looks very promising. More is definitely coming.