14:01:05 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Datametrex AI Ltd
Symbol DM
Shares Issued 403,384,701
Close 2023-10-20 C$ 0.06
Market Cap C$ 24,203,082
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Datametrex AI looks to resume COVID testing for films

2023-10-23 11:19 ET - News Release

Mr. Marshall Gunter reports

DATAMETREX PROVIDES COVID-19 TESTING UPDATE

Datametrex AI Ltd. is assessing opportunities to resume its COVID-19 testing business, in response to heightened interest from the film and production industry. The company previously generated revenues of $25.9-million in 2022, $45-million in 2021 and $8.3-million in 2020 from health security, with the primary contribution coming from its COVID-19 testing services.

As the world continues to navigate the challenges presented by the COVID-19 pandemic, the film and production industry has shown a growing need for reliable and efficient testing solutions to ensure the safety of its staff and the successful execution of its projects.

The Public Health Agency of Canada reports that COVID-19 hospitalizations are on the rise across Canada as a wave of infections sweeps the population and COVID-19 hospitalizations have reached numbers not seen since last winter.

With the recent resurgence of COVID-19 cases, the company recognizes that COVID-19 testing services may be essential for the film and production industry to implement rigorous safety measures on set and is closely monitoring the regulatory updates and guidelines related to COVID-19 testing within the film and production industry. The company is now actively evaluating the possibility of reinstating its COVID-19 testing services, aligning with industry-specific regulations, and ensuring that the highest safety standards are upheld.

As discussions continue, Datametrex remains dedicated to exploring the potential of providing COVID-19 testing services to the film and production industry and contributing to the safety and well-being of all involved in these projects.

"We are pleased to see the film and production industry express interest in our COVID-19 testing services. The safety and well-being of individuals working on set are paramount, and we are committed to offering reliable testing solutions to help the industry maintain a safe and productive environment," said Marshall Gunter, chief executive officer of the company.

About Datametrex AI Ltd.

Datametrex AI is a technology-focused company with verticals in leading industries, including artificial intelligence, machine learning, telehealth, health care and electric vehicles. Datametrex's mission is to provide tools and solutions that support companies in optimizing and fulfilling their operational goals, 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 improve businesses' bottom line.

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