2025: An Expected Growth Year for Sales and Revenue, Powered by a Strong Sales Pipeline
Vancouver, British Columbia – December 5th, 2024 – AISIX Solutions Inc., (“AISIX” or “the Company”) (TSXV: AISX) (OTCQB: AISXF) (FSE: QT7), an emerging global climate risk and data analytics solutions provider, is pleased to announce its strategic plans for 2025. The Company is focused on a continued commitment to innovation, providing advanced data analysis and comprehensive services to business partners across Canada and globally.
AISIX’s Journey So Far
Over the past seven years, AISIX has invested over $11 million in advancing artificial intelligence expertise, conducting innovative research, and developing proprietary data sets. These efforts have culminated in a suite of enterprise products designed to support clients worldwide in an era marked by climate change and heightened risk.
Massive Market Opportunity for Climate Data
The global market for climate analytics and environmental data is projected to grow in the coming years. With increasing climate risks and stricter regulations, the demand for accurate, real-time data is skyrocketing. The climate tech market has grown from 20.79 billion in 2023 to 26.12 billion in 2024 , growing at a Cumulative Annual Growth Rate (CAGR) of 25.6% (https://www.thebusinessresearchcompany.com/report/climate-tech-global-market-report). AISIX Solutions, with its advanced wildfire data, is well-positioned to capture a significant share of this expanding market.
The global insurance market alone, a key sector for wildfire and climate data, is a multi-trillion-dollar industry (https://www.mckinsey.com/industries/financial-services/our-insights/capturing-the-climate-opportunity-in-insurance), with increasing demand for data-driven underwriting and risk management. This makes AISIX Solutions’ data invaluable as insurance companies seek better tools to assess and price climate risks.
AISIX’s Current Status
By strategically shifting focus towards the end of 2023, we have concentrated our Company's technology, people, and ecosystem on developing solutions for organizations grappling with the complexities of understanding and reporting climate risk. AISIX is offering the most advanced wildfire dataset in Canada (https://www.aisix.ca/aisix-solutions-announces-the-launch-of-wildfire-20-the-next-generation-of-climate-risk-data-set-for-canada) to gain crucial insights and support to mitigate the effects of climate change.
This shift aligns with the increasing regulatory requirements for climate-related risk disclosures, as seen in emerging reporting frameworks like the new international IFRS sustainability disclosure standards and OSFI B-15. Simultaneously, investors are placing greater emphasis on measuring exposure to extreme weather events.
About IFRS 2
The International Financial Reporting Standards (IFRS) S2, recently introduced by the International Sustainability Standards Board (ISSB), focuses on climate-related disclosures to improve transparency and consistency in corporate reporting. IFRS S2 requires companies to disclose material information about climate-related risks and opportunities, aligning their reporting with global sustainability goals. This standard helps investors and stakeholders assess the financial impact of climate change on companies, promoting more informed decision-making. By adopting IFRS S2, businesses can enhance their accountability, drive sustainability efforts, and align with international best practices for climate reporting.
Canada is actively working to align its climate-related reporting standards with the newly introduced IFRS S2 through its own Canadian Sustainability Disclosure Standards (CSDS). The Canadian Sustainability Standards Board (CSSB), formed in 2022, is leading efforts to tailor these global standards to the Canadian context. The CSSB has proposed the adoption of CSDS 1 and CSDS 2, which are based on IFRS S1 and S2, with some key modifications. These include a delayed implementation date of January 1, 2025, and extended relief periods for certain disclosures, such as Scope 3 greenhouse gas emissions.
The Canadian Securities Administrators (CSA) are engaged in consultations to ensure that the final standards fit the Canadian regulatory environment (https://www.securities-administrators.ca/news/canadian-securities-administrators-statement-on-proposed-climate-related-disclosure-requirements/). Once finalized, these standards will likely become mandatory under Canadian securities legislation, helping to standardize climate-related disclosures across sectors.
About OSFI B-15
The Office of the Superintendent of Financial Institutions (OSFI) has introduced Guideline B-15, a framework aimed at enhancing the management of climate-related risks for federally regulated financial institutions (FRFIs). This guideline sets out clear expectations for institutions to incorporate climate-related risk assessments into their governance, risk management, and disclosure practices. Effective from 2024 for large institutions and 2025 for others, Guideline B-15 aligns with global standards such as IFRS S2, ensuring Canadian financial institutions are better equipped to handle climate-related challenges. This initiative underscores OSFI’s commitment to safeguarding the financial system while addressing the growing impacts of climate change
2024 Great year for AISIX
As 2024 progressed, AISIX strategically positioned itself to revolutionize risk analysis through advanced solutions for its diverse clientele. Here are the company's key milestones and achievements for the year:
- Launched Wildfire 2.0 Canada, the most comprehensive wildfire dataset available for understanding wildfire hazards and risks across the country.
- Formed a strategic alliance with MNP, a leading Canadian business consulting firm to enhance climate risk management.
- Partnered with Octo AI to integrate climate risk assessment into the real estate sector.
- Collaborated on an innovative project focused on delivering OSFI B-15 compliant climate risk assessment.
- Completed a non-brokered private placement, raising $500,000.
- Engaged Triple Bull Consulting, a marketing firm with expertise in web and social media data aggregation, content curation, digital and social media marketing, contract negotiation and channel partner analytics.
- Successfully concluded a pilot project with a federal credit union to assess loan exposure to climate risks.
- Welcomed Mr. Ben Mulroney as an advisor for Public Relations and Government Relations.
- Published a thought leadership piece in collaboration with MNP
2025: An expected growth Year for Sales and Revenue, Powered by a Strong Sales Pipeline
AISIX Solutions is positioned for an expected growth year in 2025, with projections indicating growth in sales and revenue. This growth is driven by a strong sales pipeline that includes ongoing discussions and potential deals with major insurers, governmental agencies, and international corporations looking to enhance their climate risk mitigation strategies.
The combination of regulatory changes, increasing demand for wildfire and climate data, and established strategic relationships will fuel the company’s expansion. With a robust pipeline of prospective clients, AISIX Solutions is set to capitalize on its early leadership in the market, making 2025 a pivotal year for business growth and profitability.
With a significant market opportunity, driven by rising climate risks, regulatory changes like B-15 and IFRS 2, and increasing demand for climate data across multiple industries, AISIX Solutions is positioned for growth. Coupled with successful pilot projects, strategic relationship s like MNP, a strong sales pipeline, and the forecasted growth year in 2025 for sales and revenue, investing in AISIX Solutions provides access to a high-growth, essential industry poised for success in the coming years.
In 2025, AISIX is committed to raising the bar by focusing on:
- Strong News Flow and Content to Raise Profile AISIX Solutions has a robust news flow and content pipeline designed to raise its profile in both domestic and international markets. With media coverage, strategic relationship s, and thought leadership content in the works, the company is set to attract attention from potential clients, investors, and industry influencers. A well-executed marketing strategy will further establish AISIX as a leader in climate analytics.
- Sustainability and ESG Investing Trends Climate-focused companies like AISIX Solutions align with the growing trend of Environmental, Social, and Governance (ESG) investing. As investors increasingly seek to back companies addressing environmental risks, AISIX Solutions offers an attractive opportunity for ESG-conscious investors looking to support sustainable solutions, particularly in addressing the growing threat of wildfires.
- Global Scalability Although based in Canada, AISIX Solutions’ advanced wildfire and climate risk data have global applications. As wildfire risks escalate in regions like the U.S., Australia, and Europe, AISIX Solutions is positioned to expand internationally. This scalability makes the company an attractive investment as its data solutions are easily adaptable to global market.
- Innovative Data Integration AISIX Solutions’ ability to integrate its wildfire data with other climate datasets (such as flood and drought risks) makes it a valuable partner for organizations seeking comprehensive climate risk assessments. This integrated approach gives clients a holistic overview of their vulnerabilities.
- Cross-Industry Applications AISIX Solutions’ wildfire data has uses across multiple industries beyond insurance, including agriculture, energy, real estate, and emergency management. This cross-sector demand greatly expands AISIX’s potential customer base, allowing it to tap into a wide range of industries that require accurate climate data to manage risks effectively.
- Innovative Research & Development: Ongoing R&D efforts to maintain leadership in predictive risk modeling.
- Enhanced Training and Development: Equipping our team with training on emerging risk factors and analysis techniques.
- Client Education and Support: Providing extensive support and educational resources to assist clients in managing complex risk environments.
"Our vision for 2025 is not only about advancing risk analysis technology; it's about empowering our clients to make informed decisions with clarity and confidence in an unpredictable world. We are enthusiastic about this journey and dedicated to driving positive change in how businesses perceive and address climate risks. AISIX is not merely navigating the present; we aim to shape the future of investment decisions," stated Mihalis Belantis, CEO of AISIX.
For more information about AISIX Solutions and its climate risk solutions, please visit their website, www.aisix.ca, or connect on Twitter/X or LinkedIn.
About AISIX Solutions
AISIX Solutions, is a leading global climate risk and data-analytics solutions provider trusted by organizations seeking a more predictive future. Leveraging the advancements of artificial intelligence, data analytics, and risk assessment, AISIX Solutions is on a mission to provide auditable, explainable, and defensible assessments to help businesses and communities protect their property, assets, and infrastructure from climate-related risks. By empowering organizations with real-time insights, AISIX Solutions aims to foster resilience and sustainability in the face of climate change.
For further information:
Mihalis Belantis, Chief Executive Officer
+1 (604) 620-1051
Forward Looking Statements
Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, the “forward-looking statements”) within the meaning of Canadian securities laws, and is subject to numerous risks, uncertainties, and assumptions, many of which are beyond the Company's control. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and similar words and expressions are used to identify forward-looking information, including the Company’s expected product offerings, the functionalities of the AI Climate Risk Consumer Interface and the Company’s expected growth opportunities. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, the Company’s ability to obtain capital and credit on reasonable terms, the Company’s ability to compete and the Company’s ability protect its intellectual property rights.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also been assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time.
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