- FOBI (FOBI) has entered into a data consulting agreement with Azincourt Energy Corp.
- Fobi will introduce the use of AI applications and data mining techniques to help Azincourt achieve more impactful drill holes in less time and with less cost
- Fobi will deploy its AI & Big Data Operational Applications to helpAzincourt delineate a resource at its East Preston project
- Azincourt Energy specializes in the exploration and development of alternative energy/fuel projects
- Fobi is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights
- Fobi AI Inc. (FOBI) opened trading at C$3.02 per share
Fobi AI (FOBI) has entered into a data consulting agreement with Azincourt Energy Corp., a Canadian-based resource company.
Fobi is partnering with Azincourt in the development of a big data and operational intelligence platform to help transform legacy practices in the mining and exploration sector.
Fobi will introduce the use of AI applications and data mining techniques to analyze large amounts of aggregated data to help Azincourt achieve more impactful drill holes in less time and with less cost.
Fobi will architect and deploy its AI & Big Data Operational Applications to support Azincourt’s goal of making discoveries and delineating a resource at its East Preston project.
Azincourt’s CEO Alex Klenman commented on the value of the partnership with Fobi.
“This partnership with Fobi AI gives Azincourt the opportunity to apply leading-edge technologies to our efforts at East Preston.
I think it’s incumbent upon us to utilize leading-edge exploration techniques to help guide us toward significant discoveries. Artificial Intelligence, machine learning algorithms and rapid big data analysis clearly have a place in our future and we’re eager to apply these new techniques to uranium exploration. There are multiple applications we can utilize here, and I’m excited to begin working with Fobi and its innovative team. I think this is a tremendous opportunity for Azincourt,” continued Mr. Klenman.
After establishing an initial roadmap for Azincourt, Fobi will be able to port its modern practices to offer them to additional clients in the mining and exploration industry and other major sectors, creating additional potential revenue streams.
“I see the exploration and mining sector as a very lucrative opportunity for Fobi,” said Rob Anson, CEO of Fobi.
“This agreement with Azincourt will enable Fobi to demonstrate the power of our real-time operational data applications and real-time analytics and insights to provide Azincourt with the necessary applications to streamline and automate current manual applications. The powerful combination of Fobi’s artificial intelligence and real-time big data applications will be key to enabling Azincourt to make faster, smarter, data-driven decisions which will ultimately drive the company’s operational efficiencies and performance.”
Azincourt Energy is a Canadian-based resource company specializing in the exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The company is currently active at its majority-owned East Preston uranium project in the western Athabasca Basin, Saskatchewan.
Fobi is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. Fobi’s unique IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating highly scalable solutions.
Fobi AI Inc. (FOBI) opened trading at C$3.02 per share.