TORONTO, June 06, 2018 (GLOBE NEWSWIRE) — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that its JV company, Graph Blockchain Limited (“GBC” or “Graph”), secured a prototype contract with the world’s largest manufacturer of mobile phones and smart phones, valued at approximately $300,000 CAD, to build a private enterprise blockchain solution for the electronics division of this South Korean conglomerate.
“This is one of our most exciting accomplishments to date, and a true testament to our organization as a leading-edge blockchain company,” says Peter Kim, President and COO of Graph.
“This contract is a key development in the growth of Graph Blockchain and will further strengthen its position to be a leader in blockchain solutions. Securing contracts with multi-billion dollar conglomerates that are global leaders in their space is an incredible feat for a company that is less than a year old,” says Jeffrey Stevens, President and COO of Datametrex.
About the Client
This multinational electronics company is headquartered in Suwon, South Korea, with assembly plants and sales networks in 80 countries. It is the world’s largest information technology company, consumer electronics maker and chipmaker by revenue, with a market capitalization of over $340 billion USD.
About Graph Blockchain Limited
Graph Blockchain is a joint venture formed between Datametrex and Bitnine. The JV mandate is to bring the value of Graph Database technology to the blockchain environment where there is a great need to enhance performance and present the verified and authenticated data in unique ways.
About Datametrex AI Limited
Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big Data, collecting data from retail point of sales environments. Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology for secure Data Transfers through its joint venture company, Graph Blockchain (www.graphblockchain.com). Industrial scale Cryptocurrency Mining through its wholly owned subsidiary, Ronin Blockchain Corp (www.roninblockchain.com).
Additional information on Datametrex is available at: www.datametrex.com
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For further information, please contact:
Jeffrey Stevens – President & COO
Phone: (647) 400-8494
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the timing and completion of any blockchain related activities as the subsidiary is newly incorporated and has no current operations. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) the lack of material changes to general economic, market and business conditions. Except as required by law, the Corporation does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.