- Technology company, Datametrex AI (DM) has recieved its largest purchase order to date from a Canadian mining company
- The purchase order, worth approximately C$1.6 million, is for 50,000 COVID-19 test kits, manufactured by 1drop Inc
- The Canadian mining company will use the test kits at its operations in South American countries, including Peru and Suriname
- Peru has been severely impacted by the COVID-19 pandemic, with related deaths reaching 908.8 per million
- Datametrex AI (DM) is up 6.67 per cent and is currently trading at 16 cents per share
Technology company Datametrex AI (DM) has recieved its largest purchase order to date from a Canadian mining company.
Since the outbreak of COVID-19 early this year, Datametrex has been prolifically selling test kits. The Canadian mining industry, in particular, has been one of the company’s biggest customers.
This latest purchase order is from an unnamed mining company, which has operations worldwide. The company will pay Datametrex approximately C$1.6 million for the supply of 50,000 COVID-19 test kits, manufactured by 1drop Inc.
In addition to the 50,000 sterile swaps and tubes, the order also includes 50,000 RNA extraction kits. Datametrex will also send two real-time polymerase chain reaction detection system machines, with software to ensure optimal assay performance.
This order is only an initial amount, indicating that the Canadian miner may request additional test kits in future. The purchase price does not include other related costs including shipping and courier fees.
The purchaser intends to use the test kits at its operations in Peru and Suriname. This comes as no surprise, as South America continues to be severely impacted by the COVID-19 pandemic.
Currently, Brazil is one of the worst affected countries in the world, second only to the United States in COVID-19 cases. However, Peru currently has the most deaths per million, with 908.8 deaths per million, as of September 3, 2020.
Peru, where the Canadian miner operates, is the second biggest copper producer in the world, but has faced mining stoppages due to COVID-19. As a result, mine output decreased by 23 per cent during the pandemic’s first five months. The following months of April and May saw worsening declines of 33 per cent and 41 per cent, respectively.
Datametrex AI’s CEO, Marshall Gunter, said that the company is glad to help companies in Peru deal with the urgent situation.
“Assisting with the implementation of test kits is a fundamental response to the pandemic, and those mining companies that have been able to test more comprehensively have had greater success dealing with the pandemic.
“The reasoning is simple: An individual who tests positive can be isolated until they recover, and their contacts may be traced and similarly tested and isolated, effectively reducing the rate of transmission.
“We hope our technologies, combined with everyone’s efforts, contribute to the mitigation of the spread in operational mining sites,” he said.
Datametrex AI (DM) is up 6.67 per cent and trading at 16 cents per share at 10:57am EDT.