Datametrex and Imex Systems Mutually Terminate Licensing Agreement
TORONTO, Feb. 07, 2019 (GLOBE NEWSWIRE) — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) signed a licensing and reseller agreement with Imex Systems Inc., (“Imex”) of Toronto, ON, for its wholly owned subsidiary Canntop AI (“Canntop”) on December 6, 2018.
Under the Agreement, Imex was to issue CDN $180,000 of IMEX shares to the Datametrex for the right to utilize their Canntop platform and service offering. At this time, the parties have mutually agreed not to proceed and as such the share issuance will not be issued.
“We look forward to continuing discussions with Imex. We will definitely entertain working with them in a similar capacity when they are in a position to proceed,” says Andrew Ryu, Chairman and CEO of Datametrex AI.
About Datametrex AI Limited
Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com) and Implementing Blockchain technology for secure Data Transfers through its investee company, Graph Blockchain (www.graphblockchain.com).
Additional information on Datametrex is available at: www.datametrex.com
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