Mr. Marshall Gunter reports

DATAMETREX AWARDED $208,800 MILESTONE 3 COMPLETION PAYMENT FROM CANADA'S DEFENCE INNOVATION PROGRAM

Datametrex AI Ltd. has successfully been awarded the third milestone of a multiphase research and development program through Canada's Department of National Defence Innovation for Defence Excellence and Security (IDEaS) program.

The company will receive approximately $208,800 for component 1b milestone 3 to further develop Nexalogy SMART (social media automated reporting technologies), while also expanding its fake news and narrative detection technologies.

IDEaS was announced in Canada's new defence policy, Strong, Secure, Engaged, and commits to $1.6-billion of investment in innovations for defence and security over the next 20 years. IDEaS supports the development of solutions from their conceptual stage through to prototype testing and capability development. The program includes several elements that promote collaboration between innovators, provides developmental resources and provides opportunities to interact with DND's science and military members. All innovators are on an even playing field to solve specific defence and security challenges.

"Milestone 3 completion green-lights the final phase of development for Nexalogy SMART and reflects important progress for helping the government of Canada maintain a technological advantage in the realm of cyber social media security. We are happy to have the go-ahead to continue the contract," 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 and machine learning through its wholly owned subsidiary, Nexalogy.

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