20:17:51 EDT Fri 26 Apr 2024
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Datametrex AI Ltd
Symbol DM
Shares Issued 265,060,361
Close 2020-07-28 C$ 0.15
Market Cap C$ 39,759,054
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Datametrex AI appoints Peterson as director

2020-07-28 14:53 ET - News Release

Mr. Marshall Gunter reports

DATAMETREX APPOINTS HON. JAMES S. PETERSON, P.C.

Datametrex AI Ltd. has appointed James S. Peterson, PC, as a new independent member of the board of directors. Mr. Peterson is a former federal cabinet minister and secretary of state, with extensive knowledge and first-hand experience legal, financial, board governance and government affairs.

"I want to thank our newest board member for taking on the position of director at Datametrex," said chief executive officer Marshall Gunter. "His diplomacy and global business acumen are critical assets to better position us in the market, so that we can operate at the highest level in this changing environment. We continue striving for increased collaboration with new consortia in the preventive technologies industries around the world."

Mr. Peterson, with his government experience on the world stage, brings a wealth of knowledge in strategic planning and government affairs. He will be using this experience in helping Datametrex engage with world governments to bring more testing to the general population to eradicate the spread of the COVID-19 virus.

Mr. Peterson obtained his BA and LLB from Western University, his LLM from Columbia University, and his DCL from McGill University. He also taught law at the University of Toronto, and worked for the United Nations international development organization in Vienna, Khartoum and Kuala Lumpur on international joint business ventures in developing countries. He is a member of the Ontario Bar Association and the Canadian Bar Association, and is a co-chair of the Canada-U.S. Law Institute. Mr. Peterson has also served for the government of Canada as minister of international trade, secretary of state (international financial institutions) and chair of the House of Commons standing committee on finance. While a cabinet minister, Mr. Peterson represented Canada at the World Trade Organization's Doha round of negotiations, which were focused on expanding trade and investment in leading emerging markets Brazil, Russia, India and China, and with complex issues related to trade with Canada's NAFTA partners, the European Union, the Middle East and the Americas.

Mr. Peterson served as chair of the House of Commons finance committee, where he began the practice of public prebudget hearings and completed several major studies, including a review of Canada's value-added tax (the GST). He retired from the House of Commons in 2007 after 23 years of public service as the member of Parliament for Willowdale (Toronto).

"I am a firm believer that time is a resource that companies in high-growth mode cannot afford to waste," Mr. Peterson said. "Datametrex is certainly among those companies. I am honoured to join the board of this thriving company; I look forward to further contribute to the strong innovative systems that make a difference in our society."

The company has issued Mr. Peterson one million options.

As part of the board changes, the company announces that David Ellison is stepping down from the board of directors to make room for Mr. Peterson and will be joining the advisory board to continue supporting Datametrex with his legal expertise. Datametrex thanks Mr. Ellison for his efforts and for still serving Datametrex to help solve the company's most pressing challenges.

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. Datametrex's mission is to provide tools that support companies in fulfilling their operational goals, including health and safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through artificial intelligence and health diagnostics, company provides progressive solutions to support the supply chain.

We seek Safe Harbor.

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