Datametrex Receives New P.O. for $375K

Rhea-AI Summary

Datametrex AI Limited (DM) Receives $375K Purchase Order from LOTTE Auto Lease, Totaling $2M Since February 2023

Positive

• Received a new purchase order of $375K from LOTTE Auto Lease, totaling over $2 million in contracts since February 2023
• Positioned as a preferred vendor for the global conglomerate, reinforcing the Company's reputation
• Delivering advanced AI-powered solutions to optimize and streamline client operations, fostering growth and innovation within their industries

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - August 4, 2023) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex") is pleased to announce that it has received a new purchase order ("P.O.") on August 1, 2023, from LOTTE Auto Lease ("LOTTE") for the Company's IT services for approximately $375K.

Since February 2023, to date, the Company has received over $2 million in contracts from the LOTTE corporation reinforcing the Company's position as a preferred vendor for the global conglomerate. As a trusted partner of LOTTE, the Company takes immense pride in delivering advanced AI-powered solutions that empower businesses to optimize and streamline their operations. By leveraging the power of artificial intelligence, the Company helps clients stay ahead of the curve, fostering growth and innovation within their industries.

"Our partnership with LOTTE underscores a shared commitment to driving technological advancements and fostering business excellence. Management remains dedicated to exceeding client expectations and looks forward to further enhancing LOTTE's operational efficiency through our state-of-the-art technology solutions," said Marshall Gunter, CEO of the Company.

About LOTTE

LOTTE is the fifth-largest conglomerate in Korea with annual revenues of approximately $60 billion USD consisting of over 90 business divisions. LOTTE is engaged in diverse industries that include hotels, resorts, fast food, beverages, retail, financial services, heavy chemicals, electronics, IT, construction, publishing, confectionary products, and entertainment.

To learn more, please visit www.lotte.co.kr/global/en/main.do.

To learn more about LOTTE Auto Lease, please visit:

https://www.lotterental.com/homepage/html/web_en/business/LPB01003.html

About Datametrex

Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence, machine learning, and telehealth and has recently entered the electric vehicle (EV) market. Datametrex's mission is to provide tools and solutions that support companies in fulfilling their operational goals, including health and safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through artificial intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain.

For additional information on Datametrex and other corporate information, please visit the Company's website at www.datametrex.com.

To learn more about how our AI is used in Cyber Security, Telehealth, and EV, visit https://www.youtube.com/watch?v=ApFk3sWAXtg.

For further information:

Investor Relations & Communications

Priya Monique Atwal, Director of Communications
Email: investors@datametrex.com
Tel: 416-901-5611 x 204

Marshall Gunter, CEO
Email: mgunter@datametrex.com
Tel: 514-295-2300

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Except as required by law, the Company does not undertake to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176060

FAQ

What is the latest purchase order received by Datametrex AI Limited (DM) from LOTTE Auto Lease?

The latest purchase order received by Datametrex AI Limited from LOTTE Auto Lease is worth $375K.

How much in contracts has Datametrex AI Limited (DM) received from LOTTE Auto Lease since February 2023?

Since February 2023, Datametrex AI Limited has received over $2 million in contracts from LOTTE Auto Lease.

What type of solutions does Datametrex AI Limited (DM) provide to clients?

Datametrex AI Limited provides advanced AI-powered solutions to optimize and streamline client operations, fostering growth and innovation within their industries.