Deepspatial announces addition of two industry leaders to the team to catalyze business growth

April 27, 2021

 Toronto, ON/ April 27, 2021 / Deepspatial Inc.(CSE:DSAI) (“DeepSpatial” or the “Company”) is pleased to announce today the two strategic hires toits Board of Advisors, Debojyoti Purkayastha and Pramod Misra to the team.

 “The execution capacity of a business is only asstrong as its core team members. We are proud that Debojyoti (Deb) and Pramodhave chosen to capitalize on their talents with us at Deepspatial.”, said Dr.Rahul Kushwah, CEO of Deepspatial.

Deb and Pramod will allow the company to scaleits operations by catalyzing growth across two central pillars of our corebusiness – scaling business activity and enabling strategic data partnerships.With a combined track record of over three decades, we have no doubt in theirability to hit the ground running from day one.

 

Deb is currently the Regional Director of Indiafor Voyager Labs, an AI powered analytics company based out of New York. Previously,he was a Director for Channel and Sales at Riverbed Technology, an enterprisesoftware company specializing in cloud development applications. He brings overtwo decades of experience in scaling sales operations at enterprise softwarecompanies.

 

Pramod currently serves as the General Managerand Lead Data Scientist at Indian telecom company – Vodafone. Educated at theGeorgia Institute of Technology, he has over a decade’s worth experience in technical rolesacross various industries. Prior to Vodafone, Pramod has spent time at theNovartis Group and the Nuclear Power Corporation of India developingquantitative research models. His technical expertise, foresight, andexperience will allow Deepspatial to access and leverage specialized data partnershipsacross industries.

 

Their addition to the team will allowDeepspatial to improve its product offering and scale its operations, pavingpathways of synergistic alliances and prospective growth.  

 

About DeepSpatial AI

 

DeepSpatial Inc is an artificial intelligence,technology SaaS company at the forefront of geospatial artificial intelligenceand geographic informational systems, specializing in providing robust, AIpowered solutions to businesses by leveraging the power of geospatial data. Thecompany has currently built products that target four specific customer needsacross industry verticals. These are (1) geodemographic customer profiling, (2)price recommendation engine, (3) inventory management and supply chainanalytics (market entry and expansion), and (4) sentiment monitoring to measureand improve brand health.

 

For more information, please contact:

Ehsan Agahi, InvestorRelations

Tel: 778 229 4319

 

Caution regarding Forward Looking Information:

 

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWEDNOR DOES IT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

This news release may contain forward-lookingstatements and information based on current expectations. These statementsshould not be read as guarantees of future performance or results of theCompany. Such statements involve known and unknown risks, uncertainties andother factors that may cause actual results, performance or achievements to bematerially different from those implied by such statements. Although such statementsare based on management's reasonable assumptions, there can be no assurancethat such assumptions will prove to be correct. We assume no responsibility toupdate or revise them to reflect new events or circumstances. The Company'ssecurities have not been registered under the U.S. Securities Act of 1933, asamended (the "U.S. Securities Act"), or applicable state securitieslaws, and may not be offered or sold to, or for the account or benefit of,persons in the United States or "U.S. Persons", as such term isdefined in Regulations under the U.S. Securities Act, absent registration or anapplicable exemption from such registration requirements. This press releaseshall not constitute an offer to sell or the solicitation of an offer to buynor shall there be any sale of the securities in the United States or anyjurisdiction in which such offer, solicitation or sale would be unlawful.Additionally, there are known and unknown risk factors which could cause theCompany's actual results, performance or achievements to be materiallydifferent from any future results, performance or achievements expressed orimplied by the forward-looking information contained herein, such as, but notlimited to dependence 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 to COVID-19;risks related to factors beyond the control of the company, including risksrelated to COVID-19; risks related to the Company's shares, including pricevolatility due to events that may or may not be within such party's control;reliance on management; and the emergency of additional competitors in theindustry.

 

All forward-looking information herein isqualified in its entirety by this cautionary statement, and the Companydisclaims any obligation to revise or update any such forward-lookinginformation or to publicly announce the result of any revisions to any of theforward-looking information contained herein to reflect future results, eventsor developments, except required by law.

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