January 18, 2022
Deepspatial Inc. ProvidesCorporate Update and Highlights Key Milestones Anticipated in 2022
January 18, 2022 08:32 AM Eastern Daylight Time
TORONTO – Deepspatial Inc. (CSE:DSAI) (OTCQB:DSAIF)(“Deepspatial” or the “Company”), an artificial intelligence (AI) technologySaaS company at the forefront of geospatial artificial intelligence andgeographic information systems, specializing in providing robust, AI-poweredsolutions to businesses and government organizations, today provided acorporate update and highlighted key milestones anticipated in 2022.
“2021 was a year of notable growth for Deepspatial. From presentingour product to many companies and organizations to adding incredible talent tothe team, we are very excited to achieve our strategic commercialization growthplan for 2022. On the technology side, we have made significant improvements toour AI engine and added several features to the product that will furtherexpand Deepspatial’s market reach and potential. The past several months havebeen very busy for our business development team, with over twenty (20) promisingprojects and lucrative opportunities in our sales pipeline spanning several industries,including government sectors, that we are eager to make an impact with.” SaidDr. Rahul Kushwah, Chief Executive Officer at Deepspatial.
Key Strategic Initiatives & Milestones Anticipated in 2022:
• Expand our Sales, Software, Data-Science, andMarketing team to meet the ever-growing demand for Geo-Spatial AI solutions
• Make several patent additions to our technology USpatent portfolio
• Engage strategic partners to expandDeepspatial’s key-data resource for our customer needs
• Entry into specific Government sectors like Education,Agriculture, Healthcare, and Law Enforcement.
• Offer Digital Twin functionality for ourcustomers to allow for an immersive experience with their physical assets andworking infrastructure in a virtual world. This will mark our entry into theMetaverse where eventually our customers will be able to connect with theircustomers and partners to engage in executing meaningful commercial businesstransactions.
Dr. Kushwah added, “We have a lot of work cut out for us atDeepspatial, and we are focused on expanding our team to meet the overwhelmingdemand for our solutions and work towards meeting our initiatives for 2022. Oursoftware development and AI data-science team are working earnestly to completeand deliver the new-and-improved version of the Deepspatial platform to bringto market a robust, visually enhanced AI-powered product that solves manyindustry-wide companies and organization’s problems. Apart from servingbusinesses, Deepspatial plans to be aiding Government organizations to positivelyimpact socioeconomic change.”
“The interesting part of the Deepspatial platform is itsability to combine cognitive AI with geographic information to enable theircustomers to make informed decisions. The pipeline of projects this youngcompany has confirms there is a need for a platform that goes beyond basic AI-drivenanalytics.” Said Kapil Raval, Director of Business Development for AI solutionsat Microsoft and Advisor at Deepspatial.
About Deepspatial Inc.
Deepspatial Inc. is an artificial intelligence, technologySaaS company at the forefront of geospatial artificial intelligence andgeographic informational systems, specializing in providing robust, AI-poweredsolutions to businesses by leveraging the power of geospatial data. The companyhas currently built products that target four specific customer needs acrossindustry verticals. These are (1) geodemographic customer profiling, (2) pricerecommendation engine, (3) inventory management and supply chain analytics(market entry and expansion), and (4) sentiment monitoring to measure andimprove brand health. To learn more, please visit our website at www.Deepspatial.ai or follow uson Twitter, Instagram or LinkedIn.
Caution regarding Forward Looking Information:
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED NOR DOES ITACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements andinformation based on current expectations. These statements should not be readas guarantees of future performance or results of the Company. Such statementsinvolve known and unknown risks, uncertainties and other factors that may causeactual results, performance or achievements to be materially different fromthose implied by such statements. Although such statements are based onmanagement’s reasonable assumptions, there can be no assurance that suchassumptions will prove to be correct. We assume no responsibility to update orrevise them to reflect new events or circumstances. The Company’s securitieshave not been registered under the U.S. Securities Act of 1933, as amended (the”U.S. Securities Act”), or applicable state securities laws, and maynot be offered or sold to, or for the account or benefit of, persons in theUnited States or “U.S. Persons”, as such term is defined inRegulations under the U.S. Securities Act, absent registration or an applicableexemption from such registration requirements. This press release shall notconstitute an offer to sell or the solicitation of an offer to buy nor shallthere be any sale of the securities in the United States or any jurisdiction inwhich such offer, solicitation or sale would be unlawful. Additionally, thereare known and unknown risk factors which could cause the Company’s actualresults, performance or achievements to be materially different from any futureresults, performance or achievements expressed or implied by theforward-looking information contained herein, such as, but not limited todependence on obtaining regulatory approvals; the ability to obtainintellectual property rights related to its technology; limited operatinghistory; general business, economic, competitive, political, regulatory andsocial uncertainties, and in particular, uncertainties related toCOVID-19;risks related to factors beyond the control of the company, includingrisks related to COVID-19; risks related to the Company’s shares, includingprice volatility due to events that may or may not be within such party’scontrol; reliance on management; and the emergency of additional competitors inthe industry.
All forward-looking information herein is qualified in itsentirety by this cautionary statement, and the Company disclaims any obligationto revise or update any such forward-looking information or to publiclyannounce the result of any revisions to any of the forward-looking informationcontained herein to reflect future results, events or developments, exceptrequired by law.
Contacts
For more information, please contact:
Investor Relations
Corey Matthews
Investors@deepspatial.ai