Datametrex AI Ltd V.DM

Good news and these are my take aways..

[mutjwo]

"As part of the Company's long-term growth strategy, DM EVS has expanded its operations to Toronto and has secured a location for the installation of its EV charging infrastructure. Additionally, DM EVS has started the installation and permit process, marking a crucial step toward entering Toronto's electric vehicle charging market."

"Additionally, DM EVS has made great strides in its Vancouver EV operations, where several charging locations are now in the final stages of the permit process. Despite experiencing a delay due to the backlog from the City of Vancouver, DM EVS is thrilled to report that its sales pipeline is expanding while waiting on the permit for these locations. The Company remains committed to delivering high-quality charging solutions and systems to its customers and will provide further updates once completed."

DM EVS can take advantage of Toronto's EV Station Fund, which provides refunds of up to 50% of the installation cost for up to 20 EV charging stations, to a maximum of $5,000 per Level 2 charger, $15,000 per DC fast charger and $50,000 per DC faster+ charger. This program will allow DM EVS to expand in Toronto by installing EV infrastructure to increase business and profit while maintaining stable finances due to rebates. (Source: https://www.toronto.ca/services-payments/water-environment/environmentally-friendly-city-initiatives/reports-plans-policies-research/electric-vehicles/)

The City of Toronto reports that approximately 32.5% of greenhouse gas emissions in Toronto are from on-road transportation and that switching from fossil fuel-powered vehicles to electric vehicles is important for meeting the City's goal of achieving net zero greenhouse gas emissions by 2040. Furthermore, the City reports that 30% of registered vehicles in Toronto are electric with a growing rate, and reports a high demand for electric vehicle charging infrastructure to support the City's goal for a greener city. (Source: https://www.toronto.ca/services-payments/water-environment/environmentally-friendly-city-initiatives/reports-plans-policies-research/electric-vehicles/)

[PendleStock]

This all means DM EVS is close to generating revenue. Those permits which have been a hinder are closer which is awesome news

[scottrose]

I agree with you this news is a of things moving which is what we needed with this vertical. The fact that they will be getting almost 50% of the installation funds is good as it help DM install more chargers.