TORONTO, March 27, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that the Company is in the final stages of negotiations with its partner, ABC Solutions, to implement an AI and blockchain solution for the real estate development and infrastructure division for Hyundai Corporation, the second largest conglomerate in South Korea. This opportunity is across Hyundai’s vast worldwide real estate holdings.
The Nexalogy AI product, Nexa Intelligence, will be used to analyze the large amount of data gathered across various real estate sites, with a focus on security and Smart City initiatives. The utility and billing information will be collected in a private blockchain platform developed by our subsidiary, Graph Blockchain, giving it greater authentication and verification.
“Hyundai Corporation is a great platform to showcase our AI and blockchain solutions. The opportunity to penetrate many divisions with our partner, ABC Solution, within Hyundai, will position Datametrex well in the AI and blockchain sector.” says Jeff Stevens, President & COO of the Company.
About Hyundai Corporation
Hyundai Corporation operates as an import and export trading company worldwide. The company sells long and flat products, steel pipes, semi products, nonferrous metals, and coated steel products; monomers, petroleum products, polymers, and inorganic fertilizers; and passenger vehicles, commercial vehicles, OEM parts, and spare parts. It also supplies equipment, parts, and signal communication systems for speed trains, subway trains, diesel cars, locomotives, passenger cars, and light rails; high-angle guns, military vehicles, armored cars, and weapons; and supertankers, bulk carriers, container ships, and gas tankers, as well as engages in shipbuilding financing, ship repairing and remodeling, and used ship sales. In addition, the company provides construction services to environmental and marine, transporting and loading, and gas processing facilities, as well as constructs power plants, oil refineries, petrochemical plants, and desalination plants; produces industrial facilities and supplies related equipment; and provides various turnkey services, as well as offers project financing and offtake services. Further, it supplies electric equipment comprising generators, transformers, and distribution boards; offers commodities and engineering services, as well as transportation, installation, and audit services; and provides trading and financing services. Additionally, the company supplies PV modules, inverters, and wind turbines; offers excavators, wheel loaders, forklifts, industrial vehicles, supplementary equipment, pumping cars, cranes, and trucks; and invests in and develops energy and resource properties, such as coal, oil, and gas, as well as invests in bio fuel, mineral, farm operation, forest development projects, etc. Hyundai Corporation was founded in 1976 and is headquartered in Seoul, South Korea.
About Datametrex AI Ltd
Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big Data, collecting data from retail point of sales environments. Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology for secure Data Transfers through its joint venture company, Graph Blockchain (www.graphblockchain.com). Industrial scale Cryptocurrency Mining through its wholly owned subsidiary, Ronin Blockchain Corp (www.roninblockchain.com).
Additional information on Datametrex is available at: www.datametrex.com
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For further information, please contact:
Jeffrey Stevens – President & COO
Phone: (647) 400-8494
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the timing and completion of any blockchain related activities as the subsidiary is newly incorporated and has no current operations. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) the lack of material changes to general economic, market and business conditions. Except as required by law, the Corporation does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.