Railtown AI Technologies Inc. Announces Partnership with the Mila Institute to Accelerate Railtown's Advanced AI Initiatives

Rhea-AI Summary

Railtown AI Technologies has announced a partnership with the Mila-Quebec AI Institute to bolster its AI initiatives. This collaboration provides Railtown with access to AI engineering talent, non-dilutive funding, recruitment and training benefits, and research opportunities. Additionally, Railtown will gain exposure through Mila's marketing channels, events, and business opportunities. This alliance is expected to expedite Railtown's product development and increase its market reach.

Positive

• Partnership with Mila-Quebec AI Institute provides access to top AI engineering talent.
• Non-dilutive funding secured through the collaboration.
• Enhanced recruitment and training opportunities.
• Privileged access to conduct applied research projects.
• Increased corporate visibility through Mila’s marketing channels.
• Exposure to Mila's research, events, and business opportunities.
• Accelerated product development and market reach.

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - June 25, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce a strategic partnership with the Mila-Quebec AI Institute ("Mila"), providing the Company with expansive access to AI Engineering talent and non-dilutive funding.

This partnership grants Railtown privileges such as recruitment, training, and access to Mila workspaces, as well as privileged and funded access for conducting applied research projects with Mila, in addition to corporate visibility across Mila's website and marketing materials, Mila's research, events, conferences, and business opportunities related to Mila startups.

Mila is internationally renowned for its significant contributions to generative artificial intelligence and machine learning (ML). The collaboration will further strengthen Railtown's relationship within the research and developer communities, promote its platform and product innovations, and expand access to a growing pool of domestic and global ML talent; additionally, Railtown will have exposure to Mila's continued research findings.

"With multiple large projects in our pipeline, partnering up with the Mila Institute will allow us to accelerate our time to market with each new product release. This partnership is a vote of confidence that will drive Railtown AI's roadmap and bring our AGI closer to customers around the globe," states CEO Cory Brandolini.

About Mila

Mila - Quebec Artificial Intelligence Institute, is recognized worldwide for its major contributions to AI. Today, the Mila community boasts the largest concentration of deep learning academic researchers globally. The institute is recognized for its expertise and significant contributions in areas such as modeling language, machine translation, object recognition and generative models.

Since its inception, Mila focuses its mission on core research areas such as health, environment and climate change, and AI ethics. Mila extends its expertise and leadership in AI to deliver advances that will benefit all of society. Research carried out at Mila is conducted using an Open Science approach to promote collaboration and foster knowledge transfer.

About Railtown AI Technologies

Railtown AI, a Microsoft Partner, is a cloud-based Application General Intelligence™ Platform for Software Developers and Teams that practice Agile Project Management. We purposely built our Application General Intelligence™ Platform to help Software Developers and Agile practitioners save time on redundant tasks, improve productivity, drive down costs, and accelerate developer velocity. Railtown's proprietary AI technology, designed to enable our clients to be more productive and profitable, is accessible on Microsoft's Azure Marketplace.

Follow us on social media:

• Twitter: https://twitter.com/railtown_ai
• LinkedIn: https://www.linkedin.com/company/railtown-ai/
• YouTube: https://www.youtube.com/@railtown_ai

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ON BEHALF OF THE BOARD

"Cory Brandolini" Cory Brandolini, Chief Executive Officer

INVESTOR CONTACT

Rebecca Kerswell
Investor Relations and Marketing
Email: investors@railtown.ai
Phone: (604)417-4440

This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-Looking statements are often identified by terms such as "will," "may", "should", "intends", "anticipates", "expects" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators.
Readers are cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and readers should not place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-Looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214279

FAQ

What is the significance of Railtown AI partnering with the Mila Institute?

The partnership with the Mila Institute provides Railtown AI with access to top AI engineering talent, non-dilutive funding, and research opportunities, accelerating product development.

How will the partnership with Mila affect Railtown AI’s market reach?

The partnership is expected to increase Railtown AI's market reach by enhancing its product development speed and providing greater visibility through Mila's marketing channels.

What are the benefits of Railtown AI's collaboration with Mila?

Benefits include access to AI talent, non-dilutive funding, recruitment and training resources, research opportunities, and increased corporate visibility.

When was the partnership between Railtown AI and Mila announced?

The partnership was announced on June 25, 2024.

What stock symbol is associated with Railtown AI in this partnership announcement?

The stock symbol associated with Railtown AI is RLAIF.