19:27:11 EDT Tue 14 May 2024
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Deepspatial Inc
Symbol DSAI
Shares Issued 115,769,507
Close 2023-12-06 C$ 0.045
Market Cap C$ 5,209,628
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Deepspatial wins AI education contract in India

2023-12-07 11:15 ET - News Release

Dr. Rahul Kushwah reports

DEEPSPATIAL ANNOUNCES GOVERNMENT CONTRACT FOR ITS AI-DRIVEN EDUCATION PLATFORM

Deepspatial Inc. has provided an update on a recent contract win in one of the states in India for its innovative AI-driven (artificial intelligence) education platform.

The contract, initially valued at $200,000 for the first year, signifies the commencement of a potentially long-term collaboration. Upon successful platform deployment, this engagement is anticipated to extend into a multiyear commitment encompassing comprehensive support, service and updates.

Deepspatial secured this significant contract following a thorough government selection process, where its collaborative bid with a reputable technology integrator was identified as the most technically and commercially viable solution. The platform's groundbreaking approach in integrating item response theory (IRT) and pioneering multidisciplinary concepts in school education has garnered attention for its potential to reshape pedagogical approaches and improve learning outcomes. The company's AI-driven education platform introduces novel multidisciplinary concepts in school education, notably integrating practical applications of IRT. This innovative framework empowers educators to personalize learning experiences, enabling a more nuanced understanding of student strengths and areas for improvement, fostering a more tailored educational environment.

The wide-ranging applicability of Deepspatial's AI platform in meeting universal educational requirements across diverse nations and all Indian states presents promising growth prospects for the company. Its adaptive nature and capacity to cater to varied educational contexts showcase the platform's scalability and potential to positively impact educational systems on a global scale.

Dr. Rahul Kushwah, chief executive officer of Deepspatial, commented: "The successful acquisition of this government contract underscores the strength and relevance of our AI platform in transforming educational landscapes nationwide. We are committed to leveraging our expertise and technology to foster inclusive, data-driven educational models that empower educators and learners alike. We are actively pursuing similar opportunities, building on the proven effectiveness of our technology."

The company will be issuing 270,000 common shares and 150,000 common shares to two consultants as consideration for the services provided by the consultants to the company. The shares will be subject to a hold period of for months from the date of issuance.

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 AI-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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