- Datametrex AI (DM) has entered into additional sales agreements with multiple divisions of South Korean conglomerate, LOTTE Group
- Under the agreements, Datametrex has sold its solutions to Lotte Canon, Lotte Supermarket, Lotte Global Logis and Lotte Home Shopping
- The new agreements will provide the company with approximately C$1 million in sales, as well as further showcasing opportunities
- This development follows on from previous contracts with LOTTE divisions which the company announced in May 2018
- Datametrex AI (DM) is down 5.26 per cent, and is currently trading for 9 cents per share
Datametrex AI (DM) has entered into additional sales agreements with multiple divisions of South Korean conglomerate, LOTTE Group.
LOTTE Group is a trillion-dollar multinational company, with divisions in various industries and sectors. The conglomerate is famous in Japan and South Korea for its snacks, department stores, duty-free shops, hotels and theme parks.
The company even has its own baseball team, the LOTTE Giants, and owns the tallest building in South Korea. The 555-metre-high LOTTE World Tower is currently the fifth-tallest building in the world.
Under the agreements, Datametrex has sold its solutions to Lotte Canon, Lotte Supermarket, Lotte Global Logis and Lotte Home Shopping. The company’s data analytics AI solutions allow users to visualise customer and stakeholder data. As such, users of the technology can make predictive analyses, mitigate risk and improve their bottom line.
These latest agreements represent approximately C$1 million in sales for Datametrex, as well as new showcasing opportunities. The agreements are a follow-on from the company’s previous contracts with LOTTE divisions, first announced in May 2018.
Datametrex AI’s CEO, Marshall Gunter, said that these agreements further validate the company and its product portfolio.
“To continue adding our technology and product platforms through an organisation like LOTTE only further supports our capabilities.
“LOTTE is a highly respected company that is expanding across multiple entities. Working with LOTTE allows us to operate in multiple industries, showcasing the value and capabilities of our technology,” he said.
Datametrex AI (DM) is down 5.26 per cent, trading for 9 cents per share as of 10:04am EDT.