VANCOUVER, BC, July 13,
2022 /CNW/ - Minerva Intelligence Inc. (TSXV:
MVAI) ("Minerva" or "the Company"), an artificial intelligence
software company focused on building decision support tools for
climate risk, mineral exploration and mining, is pleased to
announce the monthly sales results of its AI software DRIVER for
the month of June 2022.
DRIVER software is licensed on an annual recurring basis,
allowing Minerva to build and maintain customer relationships as
well as a reliable revenue stream. Minerva offers three license
levels for end-user clients of varying size, as well as an
upgradable limited-term Proof-of-Concept license. The table
below has been simplified from the last release based on investor
feedback.
2022
|
Q1
|
April
|
May
|
June
|
YTD
|
Demonstrations
|
40
|
18
|
13
|
27
|
98
|
Proof of Concept
Sold
|
4
|
2
|
1
|
2
|
9
|
Annual Licenses
Sold
|
1
|
2
|
1
|
0
|
4
|
DRIVER POC's &
Licenses Sold
|
5
|
4
|
2
|
2
|
13
|
Minerva CEO Scott Tillman
commented "Our demonstrations in the month of June have close to
doubled since both April and May. We have seen that the more
demonstrations our team is able to perform directly reflects the
amount of proof of concepts sold as well as annual licenses sold.
Our DRIVER product continues to be extremely well received in the
industry as we had a very successful time at the PDAC conference in
Toronto this past month. I
strongly believe that the hard work put in by our team to get the
DRIVER product out to more potential customers will show positive
returns over the summer."
DRIVER is Minerva's proprietary AI product developed to service
the mineral exploration and mining industry by helping them better
evaluate drill data to pinpoint superior drill targets, understand
geometallurgical domains, and conduct more thorough, rapid,
accurate 3D modeling. DRIVER combines cloud processing capabilities
with Minerva's proprietary machine learning technology to
automatically evaluate the spatial continuity present in geological
numeric data. DRIVER automatically creates 3D models of all aspects
of the dataset within a matter of minutes, and automatically
identifies and catalogues the important zones of interest. These
insights are incredibly valuable for exploration, metallurgy,
environmental protection, and mining. Minerva's partnership and
business development team is targeting qualified leads at mining,
mineral exploration and mineral streaming companies around the
world.
More information on DRIVER can be found on Minerva's DRIVER
homepage, www.minervaintelligence.com/DRIVER
About Minerva Intelligence
Inc.
Minerva Intelligence Inc. is an artificial intelligence software
company based in Vancouver,
Canada, with a subsidiary office in Darmstadt, Germany. Their software is helping decision
makers better understand the earth. Minerva's applications focus on
the search for critical metals and for climate risk mitigation;
however, its proprietary AI software has application in diverse
industries and domains. Minerva's common shares are currently
listed on the TSX Venture Exchange (symbol MVAI). For further
details, please refer to their website www.minervaintelligence.com
or follow Minerva on Twitter or LinkedIn.
Cautionary Note Regarding
Forward-Looking Statements
Forward Looking Information: This news release includes
certain information that may be deemed "forward-looking
information". Forward-looking information can generally be
identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. All information in this
release, other than information of historical facts, including,
without limitation, the availability of financing to the Company
are forward-looking information that involve various risks and
uncertainties. Although the Company believes that the expectations
expressed in such forward-looking information are based on
reasonable assumptions, such expectations are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking information.
Forward-looking information is based on a number of material
factors and assumptions. Factors that could cause actual results to
differ materially from the forward-looking information include
changes in project parameters as plans continue to be refined,
future metal prices, availability of capital and financing on
acceptable terms, general economic, market or business conditions,
regulatory changes, delays in receiving approvals, and other risks
detailed herein and from time to time in the filings made by the
Company with securities regulatory authorities in Canada. Mineral exploration and development of
mines is an inherently risky business. Accordingly, actual events
may differ materially from those projected in the forward-looking
information. For more information on the Company and the risks and
challenges of our business, investors should review our continuous
disclosure filings which are available at www.sedar.com. Readers
are cautioned not to place undue reliance on forward-looking
information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
The TSX Venture Exchange has neither approved nor disapproved
of the contents of this press release. 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 press
release.
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SOURCE Minerva Intelligence Inc.