• Datametrex AI’s (DM) subsidiary Nexalogy is continuing work on the second phase of a $40M Canadian AI project
  • Marshall Gunter, CEO of Datametrex, sat down with Sabrina Cuthbert to discuss the news
  • SMART allows an analyst to deal with hundreds of thousands of social media documents in minutes rather than hours or days
  • Datametrex AI utilizes artificial intelligence (AI) to create solutions for the cyber security, telehealth, and electric vehicle (EV) verticals
  • Datametrex AI Limited (DM) opened trading at C$0.075

Datametrex AI’s (DM) subsidiary Nexalogy is continuing work on the second phase of a $40 million Canadian AI project.

The contract is on track to be completed in March 2023.

The project was first announced in January. The first phase of this contract has been completed.

Datametrex has been tasked to collaborate with its partner using Nexalogy’s Social Media Automated Reporting Technologies (SMART) to speed up time to investigate social media influencer activities.

Due to confidentiality requirements, the company is not permitted to provide details about the contract and the scope of work.

Marshall Gunter, CEO of Datametrex, sat down with Sabrina Cuthbert to discuss the news.

“This continued work signifies strong confidence in our cyber security technology as we continue to reach new milestones. We pride ourselves on the ability to maintain a technical advantage in the social media and cyber security realm and are pleased that the Canadian Government is as confident in our technology as we are. As we continue to expand Datametrex, we are thrilled to do our part in aiding the defence and cyber security of Canada.”

SMART reduces the time needed to interpret and integrate large sets of data by offering powerful automated analyses. SMART extracts the relevant data and produces automated reports, thus allowing clients to work with a more manageable information set. SMART allows an analyst to deal with hundreds of thousands of social media documents in minutes rather than hours or days.

Datametrex AI Limited is a technology-focused company using artificial intelligence (AI) to create solutions for the cyber security, telehealth, and electric vehicle (EV) verticals.

Datametrex AI Limited (DM) opened trading at C$0.075.


More From The Market Online

Liberty Defense receives approval to deploy HEXWAVE in Canada

Liberty Defense (TSXV:SCAN) receives approval from the Innovation, Science and Economic Development Canada to deploy its HEXWAVE product.

Xtract One partnership to secure entrances at major U.S. arena

Xtract One Technologies’ (TSX:XTRA) threat detection solution has been chosen as the first line of security at a multi-purpose indoor arena.

Cybeats signs cybersecurity deal with top European telecom leader

Cybeats (CSE:CYBT) stock opens more than 50 per cent higher on Monday on news of its cybersecurity deal with a top European telecom leader.

@ the Bell: The market sell-off continues

In the continuing sell-off for Canada’s main stock index, the TSX logged a performance nearly as poor as how it closed Friday.