- AISIX Solutions (TSXV:AISX), a climate risk prevention and data analytics stock, has signed a deal with the climate risk division of an S&P 500 insurance company to supply wildfire modeling data
- An initial focus on Alberta wildfire conditions will be followed by national expansion
- AISIX is a global data analytics solutions provider helping businesses and communities protect their property, assets and infrastructure from climate-related risks
- AISIX Solutions stock has given back 30 per cent year-over-year
AISIX Solutions (TSXV:AISX), a climate risk prevention and data analytics stock, has signed a deal with the climate risk division of an S&P 500 insurance company to supply wildfire modeling data.
The data will include burn probabilities, weather conditions and footprint measures for each modelled fire, with an initial focus on Alberta’s wildfire conditions before scaling to national coverage.
AISIX’s wildfire simulation technology produces millions of fire footprints, enabling pattern recognition and a more thorough assessment of potential damages.
According to Tuesday’s news release, AISIX intends to deliver data on Alberta-based fires 6-8 weeks after project initiation.
Leadership insights
“We are honored to provide Canadian wildfire climate data to a global insurance and professional services company,” Mihalis Belantis, AISIX Solutions’ chief executive officer, said in a statement. “This project underscores our commitment to equipping S&P 500 companies with actionable climate data, and we believe it validates our offering while creating opportunities with additional S&P 500 companies.”
About AISIX Solutions
AISIX is a global data analytics solutions provider helping businesses and communities protect their property, assets and infrastructure from climate-related risks.
AISIX Solutions stock (TSXV:AISX) is down by 12.5 per cent trading at C$0.035 per share as of 10:58 am ET. The stock has given back 30 per cent year-over-year.
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(Top photo of wildfire simulation software: AISIX Solutions)
