Datametrex $10M Acquisition Will Deliver Roadside Charging For EVs With Tech Developed By Samsung C-Lab & Revenue By Q4

DataMetrex AI Limited (TSXV: DM / DTMXF: OTCQB / FSE: D4G)has the rare benefit that most small-cap companies would only dream of:

Multiple successful independent divisions that are each capable of being a company maker.

CIOReview, a leading digital and print technology magazine has recognized the company as the most promising Canadian tech company for the 2022 calendar year.

More than just lip service, $DM is walking the walk delivering great financial results as follows:

YEAR ENDED DECEMBER 2021:

• Record Revenue of Over $49M up 296%
• Record Adjusted EBITDA* of $15M up 1,838%
• Net Earnings of $9M up 282%
• Positive Cash Flow from Operations of $11M up 2,025%

Q1 2022

• Revenue $10M
• Net earnings over $1.35M
• Adjusted EBITDA > $3.16M
• Cash balance $15.7M up 240% vs Q1-21

The company's powerful AI foundations have created divisions and solutions that include AI driven cyber security and social media monitoring, telehealth and COVID 19 test kit distributions to enterprise and government.

But the latest application of its AI into electric vehicle mobile charging and infrastructure is attracting global attention after this press release announcement:

The company announced the acquisition of EV Connect Solutions the highlights of which are as follows:

● $10,000,000 purchase price

● 66,666,667 all stock at a deemed price of $0.15 per share.

● Focus on electric vehicle mobile charging solutions. Yes - Roadside Charging

o Using both mobile vehicles and a proprietary mobile application.

● The mobile application allows clients to reserve its roadside assistance EV charging service drivers, much like Uber and similar share economy apps.

EV Connect Deployment Targets

o beta test of its mobile application in Q3/22 and

o Have its leading-edge charging vehicles on the road by year-end.

● Future growth plans include generating revenue within the year and expanding into other cities in North America.

● EV Connect is the exclusive Canadian partner of EVAR, a spin-off from Samsung Electronics C-Lab

EVAR HIGHLIGHTS

EVAR is a spin-off from Samsung Electronics C-Lab with a focus on creating a hassle free, EV recharging environment.

EVAR is one of the developers of innovative solutions for electric vehicle charging and is one of the world's first developers of autonomous EV recharging robots.

EVAR won the innovation award at CES 2022, the world's largest technology event along with "Best Innovation" award from Lotte Construction.

HOW BIG IS THIS MARKET OPPORTUNITY?

Global electric vehicle charging infrastructure market estimated US$147.94 billion by 2030

What did Marshall Gunter, CEO have to say?

"This is a very exciting acquisition as we can utilize our team of developers and knowledge of product development to enter the emerging electric vehicle space - an exciting and growing industry that will be here for a long time and represents significant potential for Datametrex and its shareholders",

Sit back, relax and listen this powerful interview with Marshall Gunter, CEO.