Mr. Jean Charles Phaneuf reports

INFINITII AI ENTERS NEW MARKET VERTICAL VIA PROFESSIONAL SERVICES CONTRACT WITH INVERITE INSIGHTS INC.

Infinitii AI Inc. has secured a professional services contract in a new market vertical with Inverite Insights Inc. Vancouver-based Inverite is a leading AI (artificial intelligence)-driven software provider that leverages real-time financial data for businesses to better transact with consumers.

"We are pleased to engage with Inverite, a market leader in financial verification and data enrichment solutions, to develop new data models and increase its AI capabilities," stated Jean Charles Phaneuf, Infinitii AI's chief executive officer. "This project validates the versatility of our AI expertise and the transferability of our machine learning technology as we expand into new vertical markets."

Inverite is contracting with Infinitii AI to develop machine learning capabilities and new data models based on algorithms that predict probability to repay and/or likelihood to default on loan applicants. The contract encompasses professional services, continuous maintenance, optimization and solution development fees. Additionally, the contract licenses Infinitii AI's intellectual property, establishing a new source of recurring revenue outside its traditional smart city and industry infrastructure markets.

"Infinitii AI has an excellent reputation for building AI-driven software leveraged by large enterprise customers across North America," stated Karim Nanji, Inverite's CEO. "Our companies will work together in close collaboration to accelerate our data science and AI initiatives, to further empower business and consumers to make well-informed financial decisions in an open banking environment."

Drawing from a Global Tech Trends Survey by Equinix Inc., The Globe and Mail reported that more than one in four, or 27 per cent, of Canadian organizations are struggling to find skilled talent with an AI/machine learning background. The United States-based talent search firm Careerlist claims that almost every legacy software business is looking to integrate or build some kind of AI model, and the talent market for AI engineers and leaders is incredibly tight.

When Infinitii AI launched its professional services initiative in December, Mr. Phaneuf stated the intent to leverage the company's unique AI talent base for new sources of revenue. The professional services contract with Inverite follows after another one announced Jan. 31, with Trekk Design Group LLC, to integrate PreView, Trekk's patented sewer and storm surveillance monitoring system, with Infinitii flow works.

About Infinitii AI Inc.

Trusted since 2014 to provide environmental monitoring to many of the largest water infrastructure utilities in the United States and Canada, Infinitii AI has evolved into a machine learning software leader that serves water utility customers in cities and municipalities including Toronto, Seattle, Miami-Dade county, Montreal, Boston, Dallas, region of Peel, York region and Los Angeles county, among others. The company services customers through a trusted partner network that includes engineering and IT (information technology) services companies like AECOM, Core & Main, Kerr Wood Leidal Ltd., K2 Geospatial, and SCG Flowmetrix.

Infinitii AI software performs real-time analysis, checks flow monitoring status, sets alarms through a single interface, accepts all types of data from any source, and offers predictive (what will happen) and prescriptive (what should happen) analytics. Whether it is real-time, historic, wireless, satellite, SCADA (supervisory control and data acquisition) or public data sets, including USGS (U.S. Geological Survey), NOAA (National Oceanic and Atmospheric Administration) and weather forecasts -- it does not matter where the data originate; Infinitii AI transforms raw data into actionable information.

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