Dr. Rahul Kushwah reports

DEEPSPATIAL PROVIDES CORPORATE UPDATE: PIONEERING GEOSPATIAL AI AND EXPANDING HORIZONS

Deepspatial Inc. has released a corporate update highlighting its recent achievements and future directions.

Deepspatial's journey has been marked by a series of remarkable milestones, each underpinned by its unwavering dedication to the spirit of innovation. It is with a sense of pride and purpose that Deepspatial reflects on its recent achievements and its continued initiatives, as these moments have been the building blocks of the company's mission. Deepspatial is excited to present a snapshot of its progress, demonstrating how its tireless pursuit of excellence has not only shaped the company's present, but has laid the foundation for an even more promising future.

Expanding into new verticals and revolutionizing agriculture in India

Deepspatial has made impressive strides in diversifying its portfolio and expanding into new verticals while reinforcing existing ones. By participating in technology showcases at major conferences, it has solidified its commitment to sales and business development initiatives, leading to a breakthrough government contract in a state in India.

In the first half of 2023, Deepspatial proudly announced a landmark achievement, securing a $1.5-million, three-year contract with the Agricultural Directorate in a state in India via a partner/system integrator. Deepspatial's geospatial AI (artificial intelligence) platform and solutions will play a pivotal role in transforming agricultural processes, enabling the efficient conduct and validation of crop-cutting experiments and on-field surveys. This initiative, one of the first of its kind in India, represents a significant leap in data collection using advanced technologies.

This project aims to enhance agricultural practices, ensuring proper insurance coverage, supporting state-of-the-art facilities and devising robust plans for farmers' benefit. By offering key data insights for informed decision-making, Deepspatial is not only empowering farmers but also assisting government authorities in optimizing its support for this critical sector.

This contract showcases Deepspatial's ability to deliver practical and impactful solutions to real-world challenges. Deepspatial's technology is making a tangible difference in the agricultural landscape, improving livelihoods and enhancing food security. It reflects the trust government authorities place in the company's expertise, reinforcing its position as a leader in the geospatial AI industry. As Deepspatial continues to explore new opportunities and expand its horizons, this project serves as a blueprint for transformative initiatives in the geospatial industry.

World Geospatial Industry Council (WGIC) associate membership: Deepspatial proudly announces its election as an associate member to the World Geospatial Industry Council board. This achievement is a testament to the company's unwavering commitment to advancing the geospatial industry. Dr. Bushra Zaman, director for data science at Deepspatial, will represent Deepspatial on the WGIC board, enabling the company to play a pivotal role in fostering knowledge exchange within the geospatial industry. Deepspatial will advocate for the industry's interests and engage in dialogue with relevant authorities and agencies. Deepspatial's involvement with WGIC underscores its cutting-edge work in geospatial artificial intelligence.

Deepspatial's exclusive invitation to present at the United Nations General Assembly forum for AI

Deepspatial presented at the United Nations General Assembly Forum, specifically, the UNESCO Artificial Intelligence for Information Accessibility 2022 Global Conference. This prestigious opportunity, which has already transpired, provided the company with a platform to showcase its remarkable contributions to the field of geospatial AI and the company's dedication to advancing information accessibility through cutting-edge technology. Deepspatial's participation in this global event underscored its commitment to making a meaningful impact on an international scale.

Tailored solutions for education, agriculture and health care

Deepspatial recognizes the importance of customization in its geospatial AI solutions, to meet the unique needs of its clients and government partners. The company is committed to delivering innovative platforms for education, agriculture and health care that promise to transform these sectors.

Education platform:

• Microlevel facility analysis: Deepspatial's education platform enables governments and organizations to conduct in-depth analysis and planning of educational facilities at a microlevel. This empowers educational authorities to make informed decisions regarding infrastructure and resource allocation.
• Skills and career enhancement: Deepspatial's AI tools identify and enhance the skills and career paths of students through learning outcomes and assessments, contributing to a more skilled and employable work force.
• Integration with government portals: Deepspatial facilitates the integration of AI solutions with existing government portals, improving operational efficiency and capacity building for educational institutions.
• Governance improvement: The education platform empowers education departments, teachers, staff and the entire ecosystem by offering insights that improve governance and the quality of education. The technology has been successfully deployed across 121 schools with over 10,000 students and, currently, Deepspatial is working on scaling this to over 5,000 schools.

Agriculture platform:

• Yield enhancement: Deepspatial's agricultural platform focuses on improving the quality and quantity of farm products, ultimately boosting farmers' income and ensuring greater financial security.
• Environmental benefits: The company's platform assesses the impact of climate and environmental changes in real-time, allowing for sustainable agricultural practices that protect the environment.
• Supply chain efficiency: Deepspatial enhances supply chain mechanisms in agriculture and food supply, ensuring that produce reaches the market efficiently.

Health care platform:

• Health prediction: Deepspatial's health care platform aids in predicting and forecasting individual health and regional outbreaks, providing invaluable insights for public health management.
• AI data lake: The company creates an AI data lake, incorporating internal, external, spatial and temporal data layers to generate AI-based health indicators for both individuals and entire populations.
• Capacity planning: Deepspatial's health care solution assists in the planning of medical inventory and medicines, ensuring that health care facilities are well equipped and efficient.

Business platform

Deepspatial has successfully onboarded major corporate clients, including major global names, which have been and are using the technology to make decisions that impact their bottom line. The focus is on FMCG/CGD/CPG, where the company's technology has been impactful for the clients.

Strategic financing for growth

Deepspatial is pleased to announce the successful completion of two financing tranches, raising approximately $880,000 to support its growth initiatives. The company expects to close a third tranche within the next two weeks. The funds from these tranches will be utilized for several key purposes:

• Research and development: A significant portion of the funds will be allocated to Deepspatial's continuing research and development efforts. It is committed to staying at the forefront of geospatial AI technology and driving innovation across the company's platforms.
• Expansion: Deepspatial will use a portion of the financing to expand its team and geographic presence, enabling the company to better serve its growing client base and explore new markets.
• Marketing and outreach: Deepspatial will invest in marketing and outreach activities to raise awareness of its solutions, and engage with potential clients and partners.
• Infrastructure and technology enhancement: To support the scalability and robustness of the company's platforms, funds will be allocated to infrastructure improvements and technology enhancements.
• Recruitment and talent development: Deepspatial is dedicated to attracting top talent in the field of geospatial AI, and part of the financing will be used for recruitment and talent-development initiatives.

Advanced sales pipeline with government and corporate clients

Deepspatial is thrilled to announce that its concerted efforts in sales and business development have resulted in the creation of an advanced sales pipeline, encompassing an array of government and corporate clients. This strategic focus underscores Deepspatial's commitment to delivering cutting-edge geospatial AI solutions and signifies the growing demand for the company's technology across various sectors.

Deepspatial's success in nurturing this advanced sales pipeline reflects the trust that both government and corporate clients place in Deepspatial's capabilities and its ability to drive meaningful change through geospatial AI. As part of its go-to-market strategy, the company is expanding its partner base to target multiple geographical regions with its platforms for agriculture, education and health care.

Government clients

Deepspatial's geospatial AI solutions have piqued the interest of government entities at various levels. It is engaged in discussions and negotiations with several government clients, with a focus on deploying the company's technology to address critical issues in agriculture, health care, education and more. These partnerships have the potential to drive substantial improvements in governance, data-driven decision-making and overall service delivery.

Corporate clients

In addition to government clients, Deepspatial is actively collaborating with corporate entities across diverse industries. Its geospatial AI technology offers valuable insights for businesses, aiding in optimized supply chains, market expansion and enhanced customer experiences. Deepspatial is in advanced stages of discussions with multiple corporate clients that recognize the potential of the company's solutions to improve their operations and gain a competitive edge.

Deepspatial's commitment to building and sustaining strong client relationships extends beyond initial engagements. It is dedicated to providing comprehensive support, tailored solutions and continuing collaboration to ensure its clients continue to reap the benefits of geospatial AI technology. This advanced sales pipeline underscores Deepspatial's mission to empower organizations and governments with data-driven solutions that result in enhanced efficiency, sustainability and resilience. As the company continues to nurture these relationships and explore new opportunities, it looks forward to making a lasting impact across the sectors Deepspatial serves. This commitment to innovation and collaboration is a testament to Deepspatial's position as a trusted partner in the geospatial AI landscape.

Deepspatial's journey reflects its steadfast dedication to innovation and its practical application in the world. The company's expansion into new verticals, typified by its significant government contract in Uttarakhand, India, and the establishment of a robust sales pipeline, emphasizes the company's commitment to addressing real-world challenges. Deepspatial is grateful to its stakeholders and partners for their unwavering trust and support, which continues to drive the company's determination to create positive change.

As Deepspatial moves forward, its mission remains clear: to provide data-driven solutions that empower decision-makers, improves livelihoods and enhances the quality of life. It is excited about the road ahead and the transformative potential it holds. Deepspatial anticipates continuing this journey together, leveraging its collective efforts to make a lasting impact.

The company has also entered into an agreement with a consultant for business development services to be provided until June 30, 2024. As consideration for the services, the company will issue one million common shares, with 500,000 shares unrestricted, 250,000 shares to be unrestricted as of Nov. 1, 2023, and the remaining balance of 250,000 shares to be unrestricted as of Dec. 1, 2023.

About Deepspatial Inc.

Deepspatial is an outcome-based artificial intelligence company, enabling organizations to enhance their decision-making capabilities by leveraging the power of data and AI. From finding the most efficient supply chain routes to knowing where to develop next, Deepspatial's artificial-intelligence-driven platform enables its clients to visualize what is going on, predict what is coming, analyze data and optimize processes to make smarter decisions for a better future.

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