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Deepspatial Inc. (CSE: DSAI) (OTCQB: DSAIF) has received a failure-to-file cease trade order (FFCTO) from the Ontario Securities Commission on November 1, 2024. The order stems from the company's failure to file its audited annual financial statements, MD&A, and officer certificates for the year ended June 30, 2024. The FFCTO prohibits trading of company securities in Canada through the CSE, with exceptions for certain beneficial securityholders selling through foreign regulated markets. The company cited additional complexities in preparing the annual documents and stated its intention to file them as soon as possible.
Deepspatial Inc. (CSE: DSAI) (OTCQB: DSAIF) has partnered with the Indian state of Meghalaya's government for its Talent Identification Programme (TID) for 2024-25. The initiative uses Deepspatial's MLENS platform, part of their edskCalibre system, to identify talented students from government schools for scholarships to the Aga Khan Foundation. MLENS leverages AI-driven insights for educational assessments, enabling statewide examination and result declaration in a single day. The platform has received endorsement from Meghalaya's Directorate of Education as a 'one-stop assessment platform' for the state, highlighting its efficiency, transparency, and scalability in delivering consistent assessments.
Deepspatial Inc. (CSE: DSAI) (OTCQB: DSAIF) has initiated a $2 million CAD project with the Government of Himachal Pradesh, India, implementing its AI-powered edskCalibre platform for career guidance and skill development. The project, generating over $1 million CAD for Deepspatial, will benefit 530,000 students and 5,000 teachers. This marks a significant milestone in Deepspatial's expansion in the Indian education market, with plans to extend into 8-10 additional states and global markets.
The edskCalibre platform leverages geospatial AI and machine learning to provide personalized career guidance and enhance the learning environment. Deepspatial aims to capitalize on the growing demand for AI-driven solutions in education and other sectors, positioning itself as a key player in transforming education across India and globally.
Deepspatial Inc. successfully completes a pilot program and launches an AI educational platform under India's VSK initiative, aimed at transforming the education landscape. The platform is deployed in Meghalaya, enhancing data collection, visualization, and analysis for educational frameworks. The VSK setup includes Deepspatial's AI platform and is inaugurated by the Education Minister of Meghalaya. The platform will be rolled out to other states, reaching millions of students and teachers across India. Deepspatial is committed to continuous innovation and improvement, working on new features to enhance the platform. The company appoints David Goodman as an independent director and issues 960,000 common shares at $0.05 per share under a consulting agreement.
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