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Sector:  Technology, Energy, Industrial, Utility   :

 

News Release - March 23, 2018 4:38 PM ET 

 

 

Datametrex Announces Appointment of New CEO for Ronin Mining Division, Datametrex’s Graph Blockchain division increasingly a solution provider for IBM

 

NEW YORK, NY, March 23,  2018 /Sector Newswire/ -- Datametrex AI Limited (TSX-V: DM) (FKT:D4G) (OTC: DTMXF) this week announced the appointment of Michael Frank, as the new Chief Executive Officer of its cryptocurrency mining division Ronin Blockchain Corp. Also this week the Company announced updates of its Graph Blockchain division receiving another referral from IBM, and an update on its business intelligence division Nexalogy.

 

The following are excerpts of news from this week, followed by a contributed editorial opinion on Datametrex.

 

 

 

Excerpt of March 23, 2018 news release from Datametrex AI Limited regarding its Ronin cryptocurrency mining division:

 

Datametrex Announces Appointment of New CEO for Ronin Blockchain

 

TORONTO, March 23, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce the appointment of Michael Frank, as the new Chief Executive Officer of Ronin Blockchain Corp. (“Ronin”) effective immediately. Mr. Frank, as President of Mifran Consulting, provided advisory services to emerging technology public companies in the areas of M&A, financing, operations, and business development. In the past, he served as the CEO of Sprylogics International and currently sits on the board of AnalytixInsight and Ronin. He has had several exits in the technology sector including one to Intuit Corporation, and has also advised many early stage firms. 
 

“Ronin Blockchain has an incredible opportunity to scale and take advantage of one of the largest cryptomining footprints in the sector today. I look forward to working with the knowledgeable team at Ronin as the industry matures,” said Michael Frank, CEO of Ronin Blockchain.

 

“Michael has been a key advisor and consultant to Datametrex over the past year. We are extremely pleased that he has joined Ronin Blockchain as CEO. His experience, contacts, and understanding of the cryptomining sector will add tremendous value,” said Andrew Ryu, CEO and Chairman of the Company.

 

About Ronin Blockchain Corp.

Ronin is a private company located in Vancouver B.C. Ronin’s objective is to become a large player in the industrial Blockchain mining sector.

Ronin’s business model is based on an industrial scale Blockchain platform, which enables the company to access and manage global cryptocurrency mining. Ronin has the potential to provide state of the art mining capability across the world and to utilize its scale, beginning in China, to maximize efficiency and profitability across the arbitrage opportunities that exist for GPU-based mining. Additionally, Ronin will use its advanced Artificial Intelligence algorithms for currency and system optimization. Ronin will also use API protocols to eventually make more efficient integration from mining to mobile wallets. Ronin has a binding agreement with GoSun Group (“GoSun”) for up to 150 MW in capacity. GoSun was founded in 2006 and is one of China’s largest infrastructure and networking companies with over 90 operating data centers in China.

 

Additionally, Ronin also has a footprint in Vernon, Quebec and is seeking other jurisdictions.

 

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).

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Excerpt of March 22, 2018 news release from Datametrex AI Limited regarding Graph Blockchain division:

 

Datametrex AI Provides Update on Negotiations With Lotte

 

TORONTO, March 22, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that the Company is in final stages of negotiations for implementing the Nexalogy based artificial intelligence (“AI”) solution, “Nexa Intelligence”, with Lotte Group (“Lotte”) along with the Company’s partner Comas Co., a sister company of Daewoo Information Systems Co., both of which are owned by the Metanet Company. The initial phase of the project will be with one of the divisions of Lotte, with an option to expand across the organization.
 

“We are thrilled to share this update. The team at Nexalogy have done a great job positioning their tools to understand and analyze unstructured data in the Korean language, such that we can now offer Lotte and others the benefits of social analysis and discovery. We are pleased with the progress with Lotte and expect strong demand for our AI solutions across many departments,” says Andrew Ryu, CEO & Chairman of the Company.

 

About Lotte Group

Lotte Group is an international conglomerate consisting of over 90 business units employing 60,000 people engaged in such diverse industries as candy manufacturing, beverages, hotels, fast food, retail, financial services, heavy chemicals, electronics, IT, construction, publishing, and entertainment.

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Excerpt of March 19, 2018 news release from Datametrex AI Limited regarding its Nexalogy business intelligence division:
 

Datametrex AI Joint Venture Graph Blockchain Signs Contract With Insurance Company

 

TORONTO, March 19, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that its joint venture company with Bitnine Global Inc. (“Bitnine”), Graph Blockchain Limited (“Graph”) has entered into a definitive agreement to develop a large scale Graph Database and Blockchain solution prototype in partnership with IBM for KB Life Insurance Co, Ltd. (“KB”). The solution will be designed for KB’s insurance claims department. The value of the prototype is approximately $350,000 CAD. With this agreement in place, Graph’s total sales orders received is now approximately $800,000 CAD, which includes a previously announced contract to build a prototype for electric vehicle charging station for a power utility company and its a collaboration agreement with Revive Therapeutics Ltd. (“Revive”) to develop the patient data blockchain component for the medical cannabis industry.
 

The project will use all of Graph’s unique intellectual property which provides a compelling way of organizing, analyzing and displaying Blockchain transactional data in real time. The Graph database technology being developed processes Blockchain data up to 1,000 times faster than traditional methods from seven transactions per second (“TPS”) to 7,000 TPS. Additionally, information can be displayed much faster and more effectively. It is believed to be one of the most effective technologies to store, manage and present Blockchain transactions specifically in peer-to-peer networks, and has shown unique advantages for this prototype solution.

 

"This represents Graph’s second prototype contract with IBM as its selling partner. We are thrilled with the traction Graph’s solutions are achieving with Fortune 500 companies and look forward to presenting our solutions with IBM to more potential clients," said Andrew Ryu, Chairman and CEO of Graph Blockchain.

 

About Graph Blockchain

Graph Blockchain is a joint venture formed between Datametrex and Bitnine. The joint venture 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. 

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The following is a contributed editorial opinion on Datametrex:

 

Datametrex’s Graph Blockchain division increasingly a solution provider for IBM

 

“Invest in the blockchain technology itself - not coins” is what strategic investors are increasingly saying when asked for an opinion on the sector.  Increasingly evident is that Datametrex AI Limited (TSX-V: DM) (FKT:D4G) (OTC: DTMXF) is where smart money is apt to flow as the Company is a data blockchain/business intelligence stock with superior characteristics, plus it set to be supercharged with a cryptocurrency mining kicker backed by Gosun. There is nothing in the marketplace with this offering mix, and the stock appears poised for serious upside revaluation.

 

This week Datametrex AI Limited announced that its subsidiary Graph Blockchain Limited has been contracted to develop a large scale Graph Database and Blockchain solution prototype in partnership with IBM for KB Life Insurance Co, Ltd. (“KB”). Graph Blockchain Limited specializes in implementing custom blockchain technology for secure data transfers for corporations and government agencies. This latest announcement of blockchain solution will be designed for KB’s insurance claims department, the value of the initial prototype is approximately $350,000 CAD.

 

The following excerpt from the March 19, 2018 press release provides a synopsis of why Graph Blockchains’ technology is at the fore of the sector: "The project will use all of Graph’s unique intellectual property which provides a compelling way of organizing, analyzing and displaying Blockchain transactional data in real time. The Graph database technology being developed processes Blockchain data up to 1,000 times faster than traditional methods from seven transactions per second (“TPS”) to 7,000 TPS. Additionally, information can be displayed much faster and more effectively. It is believed to be one of the most effective technologies to store, manage and present Blockchain transactions specifically in peer-to-peer networks, and has shown unique advantages for this prototype solution."

 

This is the second sales referral from IBM for Datametrexe’s Graph Blockchain; Graph was recently contracted to develop a blockchain solution prototype in partnership with IBM for a Korean conglomerate's utility for US$400K. This ~US$400,000 contract for the prototype, if successful (and there is no indication it will not be successful), we anticipate will turn into a full-scale multi-million dollar project for Graph.

 

Graph has also been contracted to work on other projects. The following categorized list of blockchain projects have been defined as "in the pipeline" by Datametrex, either in some level of discussion (potential/targeted) or actual development:

 

A) Real-time Transactions

 • Public Infrastructure – building a bespoke secure payment gate solution for electric vehicle charging stations.

 • Fintech Industry – to provide Blockchain solutions for efficient processing of real-time transactions.

 

B) Asset Smart Contracts

 • Real Estate – to provide a Blockchain solution for financial transactions and smart contracts.

 • Vehicle and Equipment Sales – Vehicle history, smart contracts and financial transactions.

 • Logistics – to provide trusted shipping solutions.

 

C) Document and Certificate Authentication

 • Medical Industry - solutions to provide secure and managed transactions among highly connected entities.

 • Education Sector – solutions to verify degree, diploma, and transcript authentication.

 • Document Management – to provide document integrity and confidentiality management.

 

BUYING DATAMETREX SHARES NOW WILL GET YOU SHARES OF THE GRAPH BLOCKCHAIN SPIN-OUT: Graph is a 50-50 joint venture (JV) Datametrex started with San Francisco-based Bitnine which has vended-in its cutting-edge Graph Database technology. Graph is a spinout that Datametrex and Bitnine have planned for 2018 that is expected to see shareholders of DM.V receive 1 share of Graph Blockchain Limited for every 20 they hold of DM.V. (the record date not been set yet, look for guidance on this soon). Datametrex corporately will also retain a ~20% interest in the new publicly traded entity. Graph has already been sufficiently financed with a recent seeding of $3.5M (proceeds to be used to build its Graph Blockchain solutions), and thus it is likely only a very nominal financing will accompany the IPO for the main purpose of establishing price.

 

Datametrex AI Limited is a Canadian-based technology focused company with exposure to four exciting verticals;

 

• Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Nexalogy is emerging as a leader in the Business Intelligence marketplace with a strong focus in social data analysis. Nexalogy's technology is unlike anything that exists and is attracting increasing high-level federal government attention/contracts, this division has growing revenues.

 

• 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). This March 12, 2018 the Company announced it has received GPU mining rigs from its initial order announced on Feb. 14th 2018 for both the Mongolia and Quebec locations, commencing activation of Ronin’s 150MW of available capacity with Gosun Group and its planned Quebec-based initiatives.

 

• Big Data, collecting data from retail point of sale environments (www.datametrex.com).

 

Each division is early in its lifecycle, and ripe with potential for scale. Datametrex's share price is poised for significant upside revaluation as its current market cap (~C$24 million, DM.V trading at ~C$0.12) appears disproportionate relative to the sum of each divisions potential. Datametrex AI Limited was launched in the later-half of 2017 with the intent of DM.V being a vehicle for attracting some of the most unique cutting-edge technology businesses poised for break-out and individuals at the fore of their fields. The result is a targeted yet diversified approach that offers shareholders exposure to the hottest up-and-coming sectors of the new economy.

 

The following URLs have been identified for additional DD on Datametrex AI Limited:

  

Corporate webpage: https://www.datametrex.com

SEDAR: Click here for SEDAR link

Recent Technology Journal Review:

http://technologymarketwatch.com/dm.htm

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This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL(s).

 

 

SOURCE: Sector Newswire editorial

editorial@SectorNewswire.com

 

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