10:42:42 EDT Fri 29 Mar 2024
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or Name
USA
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Datametrex AI Ltd
Symbol DM
Shares Issued 410,275,201
Close 2023-05-31 C$ 0.08
Market Cap C$ 32,822,016
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Datametrex, Holiday Inn Vancouver sign EV charging deal

2023-06-01 10:53 ET - News Release

Mr. Marshall Gunter reports

DM EVS ANNOUNCES A FIVE-YEAR PARTNERSHIP AGREEMENT WITH THE HOLIDAY INN VANCOUVER

Datametrex AI Ltd. has signed a five-year partnership agreement with the Holiday Inn Vancouver Centre, care of InterContinental Hotels Group (IHG). The agreement, executed on May 30, 2023, solidifies the company's wholly owned subsidiary, Datametrex Electric Vehicle Solutions Inc. (DM EVS), as the exclusive provider of electric-vehicle charging services for Holiday Inn's West Broadway establishment in Vancouver, with potential plans to continue this partnership with its other branches.

Under the terms of the agreement, DM EVS will install chargers on the Holiday Inn's property and will be providing guests and visitors with convenient access to reliable EV charging infrastructure. DM EVS will operate for the Holiday Inn Vancouver for the initial five years to ensure a seamless and efficient charging experience for EV users. Subsequent contracts will be automatically extended annually.

With this collaboration, the company is exposed to a larger pool of consumers and more visibility, being located on the hotel's property. Due to this, the company anticipates significant profits and revenue growth. By catering to the demand for the EV charging infrastructure, the company expects a substantial surge in revenue streams. As part of the agreement, DM EVS will be entitled to 100 per cent of the revenue generated from EV charging operations and carbon credits.

IHG, renowned for its global presence and diverse portfolio of premium, luxury and essential hotel chains, including the esteemed Holiday Inn brand, offers an exceptional opportunity for DM EVS to expand its customer base and enhance its revenue potential.

The partnership with IHG follows DM EVS's recent announcement of its collaboration with Rewatt Power on May 23, 2023. By leveraging the government carbon incentives and now catering to a larger client base, DM EVS is poised to accelerate its revenue and maximize profitability. This collaboration not only reinforces DM EVS's strong presence in the EV industry, but also paves the way for future collaborations with other Holiday Inn and IHG hotels in North America.

IHG is one of the world's leading hotel companies, with 6,179 hotels globally and 914,928 rooms globally, and has a diversified roaster of premium, luxury and essential hotel chains, including Holiday Inn.

"This partnership marks a significant milestone for DM EVS, as it introduces us to a wider audience through one of Canada's leading hotel chains. We are thrilled to provide Holiday Inn's Vancouver West Broadway establishment with our innovative EV charging services, further advancing sustainable transportation solutions. DM EVS remains committed to delivering innovative EV solutions and forging strategic partnerships to create a sustainable future for transportation," said Marshall Gunter, chief executive officer of the company.

About Datametrex AI Ltd.

Datametrex AI is a technology-focused company with exposure to artificial intelligence, machine learning and telehealth, and it has recently entered the electric-vehicle 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.

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