• Datametrex AI (TSXV:DM) has entered into a sales agreement with SeeS Solution, worth approximately C$2.6 million a year
  • Under the agreement, SeeS will use the company’s technology as an automated operating solution for its corporate customers
  • Datametrex’s research and analysis platform will help clients to gain helpful insights from data streams, such as social media posts
  • SeeS’ large corporate customers include Samsung Electronics, Samsung SDI, and several banks and insurance companies
  • Datametrex AI (DM) is up 17.65 per cent and is currently trading at 10 cents per share

Datametrex AI (TSXV:DM) has entered into a sales agreement with SeeS Solution, worth approximately C$2.6 million a year.

Under the agreement, Korean company SeeS intends to use Datametrex’s technologies as an automated operating solution for its customers. SeeS’ large corporate customers include Samsung Electronics, Samsung SDI, as well as several banks and insurance companies.

Datametrex’s research and analysis platform is designed to help clients glean helpful, actionable insights from data. The technology can extract such insights from various types of unstructured data, including social media posts and news articles. 

Overall, the sales arising from this agreement should equal approximately $2.6 million a year. Today’s announcement did not specify if the sales agreement between Datametrex and Sees has a fixed term, or if it is renewable.

Datametrex AI’s CEO, Marshall Gunter, commented on the company’s sales agreement with SeeS Solution.

“At Datametrex, we continue to execute on our strategy of increasing software sales through long-term customer partnerships.

“We are working diligently in the background and are thrilled to finally announce this partnership as another step in our growth trajectory,” he said.

With this new agreement under its belt, Datametrex is working to establish new partnerships which will advance its AI product portfolio and further monetise its value.

The company expects that as the world adapts to the COVID-19 pandemic, more companies will seek out big data analytics, which it is ready to provide. 

Datametrex AI (DM) is up 17.65 per cent and is trading at 10 cents per share at 2:23pm EDT.

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