Datametrex GBLC Builds a Prototype Blockchain Solution for Electric Vehicle Charging Stations
TORONTO, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that its Joint Venture (“JV”) Graph Blockchain Limited with its San Francisco based partner, Bitnine Global Inc. have commenced building a prototype Blockchain and Graph Database solution to monitor data at electric vehicle charging stations. Graph Database and Blockchain technology provides a unique way of organizing, analyzing and displaying Blockchain transactional data in real-time. The power utility company will make effective use of Datametrex Blockchain’s implementation of metadata, Graph database, and Blockchain solutions. Our Graph Database technology presents Blockchain data up to 1,000 times faster than traditional methods from 7 transactions per second (“TPS”) to 7,000 TPS. It is the most effective technology to store, manage and present Blockchain transactions specifically in peer to peer networks making it ideal for Fintech, Banking and other mission critical environments. A key concept of the system is the Graph, which when compared with traditional relational databases is much faster and more efficient when searching key information several levels deep. Graph databases store data as entities and relationships, by making it much easier and quicker to analyze information. They can provide a much quicker way to analyze and present the data from a Blockchain from transaction to transaction “As we roll-out our data and AI platforms through our recent acquisition of Nexalogy in a number of new markets, the value of Graphical database and Blockchain technology become even more prevalent. Graph Blockchain’s solutions fill a huge gap in the business intelligence marketplace by authenticating and validating structured and unstructured data, and presenting it more effectively than before," says Andrew Ryu, Chairman and CEO of the Company. About the Company Datametrex AI Limited is focused on the collection of retail sales data, providing Government Agencies and Fortune 500 corporations with Artificial Intelligence solutions and implementing Blockchain technology for secure data transfers and cryptocurrency mining. Visit: www.datametrex.com. To stay informed about Datametrex, please join our Investor Group on 8020 Connect http://bit.ly/2fPUNwF for all upcoming news releases, articles comments and questions. For further information, please contact: Jeffrey Stevens – President & COO
Phone: (647) 400-8494
Email: email@example.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s belief regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release. The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in its entirety by this notice.