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AISIX Solutions Inc. (MVAIF) delivers cutting-edge climate risk analytics through its AI-powered platforms. This news hub provides investors and stakeholders with essential updates on corporate developments, financial milestones, and environmental technology advancements.
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Bookmark this page for streamlined access to MVAIF's latest developments in climate data analytics. Check regularly for new insights into how AISIX Solutions addresses global environmental challenges through technological innovation.
Minerva Intelligence Inc. (TSXV: MVAI) (OTCQB: MVAIF) has launched Canada’s first publicly available wildfire risk score dataset through its climate85 platform. This dataset provides yearly and 30-year aggregate probabilities of wildfire ignition and spread for any location in Canada. It estimates that approximately 300,000 buildings face a high wildfire risk, with a probability of 14% or greater over 30 years. The dataset utilizes a peer-reviewed methodology and includes various climate data, enhancing risk assessments for businesses and homeowners. Minerva aims to partner with organizations to tailor its climate risk scores for specific industry needs.
Minerva Intelligence Inc. (MVAIF) has successfully completed the sale of its geology division, including the DRIVER software platform, to Bentley Systems for $1 million CAD. The company aims to focus on its climate risk reporting tools, particularly the climate85 product, with proceeds from the sale supporting its development and marketing efforts. With a reduced cost structure, Minerva anticipates sufficient working capital for the foreseeable future. CEO Scott Tillman indicated a strategic pivot toward climate risk adaptation.
On December 5, 2022, Minerva Intelligence Inc. (MVAIF) announced its agreement with Bentley Systems for the sale of its geology division, including the DRIVER software platform, for $1 million CAD. CEO Scott Tillman highlighted the accomplishments of the team and the strategic fit with Bentley. The sale aims to refocus Minerva on its climate risk platform, climate85, which now offers a pan-Canadian API for climate risk data. The proceeds will fund further development of climate-related tools and ensure adequate working capital moving forward.
Minerva Intelligence Inc. (OTCQB: MVAIF) reported its financial results for Q3 2022, revealing total revenues of $89,422 and a net loss of $812,124. The company holds a cash balance of $812,684 and a working capital of $595,196. The financial results reflect the ongoing challenges in the artificial intelligence sector focused on climate risk and mineral exploration. Minerva continues to emphasize its commitment to developing tools that support decision-making in these critical areas.
Minerva Intelligence Inc. announced positive results from a case study using its DRIVER software in collaboration with Klondike Gold Corp. for the Lone Star Gold Project in Yukon, Canada. DRIVER was able to recreate an enriched gold model and 35 additional elements in just one day, compared to three weeks with traditional methods. The study strengthened confidence in gold distribution and assisted in targeting higher grades. Additionally, Minerva launched a new DRIVER website featuring the case study, documentation, and resources for users.
Minerva Intelligence Inc. (MVAIF) has announced the launch of an updated version of its DRIVER software on Sept. 12, 2022. This new version enhances the integration of its machine learning-based analysis toolkit, allowing users to compartmentalize geological projects and conduct automatic grade estimations. The proprietary geostatistical algorithm has improved speed and accuracy for analyzing drilling information. The software's capabilities have expanded to accommodate a wider range of mineral deposit styles, improving user experience significantly.
Minerva Intelligence Inc. (MVAIF) has released its Q2 2022 financial results, reporting total revenues of $61,704, a significant decrease from $269,351 in Q2 2021. The company faced a net loss of $1.014 million compared to $0.71 million in the previous year. As of June 30, 2022, Minerva holds a cash balance of $1,582,854 and working capital of $1,350,613. On a positive note, the company signed three new SaaS customers and launched its climate85 platform, aimed at addressing climate risk globally.
Minerva Intelligence Inc. (TSXV: MVAI) (OTCQB: MVAIF) reported its Q1 2022 financial results, showing total revenues of $123,122, down from $552,397 in Q1 2021. The net loss increased to $0.94 million from $0.46 million year-over-year. Despite revenue decline, the company signed its first licensed SaaS customer and transitioned to annually renewing contracts, which management believes will stabilize revenue streams. Cash balance is $2,403,702, with working capital at $2,522,616. The board also issued 1,541,750 options at $0.07 per share.
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