TORONTO--(BUSINESS WIRE)--Deepspatial Inc. (CSE:DSAI) (OTCQB:DSAIF) (“Deepspatial” or the “Company”), an artificial intelligence (AI) technology SaaS company at the forefront of geospatial artificial intelligence and geographic information systems, specializing in providing robust, AI-powered solutions to businesses and government organizations, today provided a corporate update and highlighted key milestones anticipated in 2022.
“2021 was a year of notable growth for Deepspatial. From presenting our product to many companies and organizations to adding incredible talent to the team, we are very excited to achieve our strategic commercialization growth plan for 2022. On the technology side, we have made significant improvements to our AI engine and added several features to the product that will further expand Deepspatial’s market reach and potential. The past several months have been very busy for our business development team, with over twenty (20) promising projects and lucrative opportunities in our sales pipeline spanning several industries, including government sectors, that we are eager to make an impact with,” Said Dr. Rahul Kushwah, Chief Executive Officer at Deepspatial.
Key Strategic Initiatives & Milestones Anticipated in 2022:
- Expand our Sales, Software, Data-Science, and Marketing team to meet the ever-growing demand for Geo-Spatial AI solutions
- Make several patent additions to our technology US patent portfolio
- Engage strategic partners to expand Deepspatial’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 our customers to allow for an immersive experience with their physical assets and working infrastructure in a virtual world. This will mark our entry into the Metaverse where eventually our customers will be able to connect with their customers and partners to engage in executing meaningful commercial business transactions.
Dr. Kushwah added, “We have a lot of work cut out for us at Deepspatial, and we are focused on expanding our team to meet the overwhelming demand for our solutions and work towards meeting our initiatives for 2022. Our software development and AI data-science team are working earnestly to complete and deliver the new-and-improved version of the Deepspatial platform to bring to market a robust, visually enhanced AI-powered product that solves many industry-wide companies and organization’s problems. Apart from serving businesses, Deepspatial plans to be aiding Government organizations to positively impact socioeconomic change.”
"The interesting part of the Deepspatial platform is its ability to combine cognitive AI with geographic information to enable their customers to make informed decisions. The pipeline of projects this young company has confirms there is a need for a platform that goes beyond basic AI-driven analytics," Said Kapil Raval, Director of Business Development for AI solutions at Microsoft and Advisor at Deepspatial.
About Deepspatial Inc.
Deepspatial Inc. is an artificial intelligence, technology SaaS company at the forefront of geospatial artificial intelligence and geographic informational systems, specializing in providing robust, AI-powered solutions to businesses by leveraging the power of geospatial data. The company has currently built products that target four specific customer needs across industry verticals. These are (1) geodemographic customer profiling, (2) price recommendation engine, (3) inventory management and supply chain analytics (market entry and expansion), and (4) sentiment monitoring to measure and improve brand health. To learn more, please visit our website at www.Deepspatial.ai or follow us on Twitter, Instagram or LinkedIn.
Caution regarding Forward Looking Information:
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED NOR DOES IT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results of the Company. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances. The Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, 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 is defined in Regulations under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein, such as, but not limited to dependence on obtaining regulatory approvals; the ability to obtain intellectual property rights related to its technology; limited operating history; general business, economic, competitive, political, regulatory and social uncertainties, and in particular, uncertainties related to COVID-19;risks related to factors beyond the control of the company, including risks related to COVID-19; risks related to the Company's shares, including price volatility due to events that may or may not be within such party's control; reliance on management; and the emergency of additional competitors in the industry.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except required by law.
