Marks Entry in New Infrastructureand Urban Planning Sector
Key Contracts inPipeline to Play Crucial Role in Growth of Deepspatial
TORONTO - Deepspatial Inc.(CSE:DSAI) (OTCQB:DSAIF) (“Deepspatial” or the “Company”), an outcome based artificial intelligence company,enabling organizations to enhance their decision making capabilities byleveraging the power of data and AI, today announced the expansion ofits Partner Program and a new contract in Infrastructure and Urban Planning.
On October 5, 2021, Deepspatialannounced its first partner, IPE Global, as part of the company’s Partner Programwhere partners will act as ambassadors for the company’s Geospatial AIsolutions and services. Deepspatial has been steadily building its Partner Programwith the goal of expanding into key industries & verticals.
Today, we are proud to announcethe addition of a new partner and a new contract in India focusing on Healthand Sanitation Planning, Waste Disposal Planning, Infrastructure Planning, andTourism Site Planning and Development. Due to privacy reasons, this partner andclient wish to remain anonymous.
The contract marks a new entry inthe infrastructure and urban planning sector for Deepspatial, where itssolutions will be used to support organizations and provide AI & data drivendecision making for key Government personnel, ensuring a better future andquality of life for its citizens. Details about the project include identifyinghealthcare requirements in certain areas, identifying opportunities to minimizewaste disposal, identifying road network conditions and more.
Exposure to the Infrastructureand Urban Planning sector presents a large business opportunity for Deepspatial.The global urban planning software and services market size is anticipated toreach USD 192.35 billion by 2028.1
“We are expecting several keycontracts to be executed which currently stand in our pipeline that willprovide Deepspatial with meaningful revenue. We anticipate these key projectswill play a crucial role in Deepspatial’s success and open the door to manyopportunities in the Government sector. We see a lot of gaps in parts of theworld where our solutions can vastly improve the rough conditions of society,and we are excited to have the opportunity to make such an impact,” Said Dr.Rahul Kushwah, CEO of Deepspatial.
About Deepspatial Inc.
Deepspatial is an outcome based artificial intelligence company, enabling organizations toenhance their decision-making capabilities by leveraging the power of data andAI. From finding the most efficient supply chain routes to knowing where todevelop next, Deepspatial’s AI-driven platform enables its clients to visualizewhat’s going on, predict what’s coming, analyze data, and optimize processes tomake smarter decisions for a better future. For more information, visit www.Deepspatial.aiand follow us on Twitter, Instagram or LinkedIn.
Caution regarding Forward LookingInformation:
THE CANADIAN SECURITIES EXCHANGEHAS NOT REVIEWED NOR DOES IT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. Thesestatements should not be read as guarantees of future performance or results ofthe Company. 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 suchstatements are based on management's reasonable assumptions, there can be noassurance that such assumptions will prove to be correct. We assume noresponsibility to update or revise them to reflect new events or circumstances.The Company's securities have not been registered under the U.S. Securities Actof 1933, as amended (the "U.S. Securities Act"), or applicable statesecurities laws, and may not be offered or sold to, or for the account orbenefit of, persons in the United States or "U.S. Persons", as such termis defined in Regulations under the U.S. Securities Act, absent registration oran applicable 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 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 informationherein is qualified in its entirety by this cautionary statement, and theCompany disclaims 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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