AISIX Solutions Inc. Partners on Innovative Climate Risk Assessment Project
Vancouver, British Columbia – May 28, 2024 – AISIX Solutions Inc., (“AISIX” or “the Company”) (TSXV: AISX) (OTCQB: AISXF) (FSE: QT7), a frontrunner in climate risk assessment and modeling, is excited to announce its collaboration on a groundbreaking project aimed at enhancing physical climate risk assessment modelling. This initiative, slated to start on June 4, 2024, underscores the AISIX commitment to innovation and environmental stewardship.
The project aims at first to develop a minimum viable product (MVP) designed to evaluate and manage the impacts of climate change on physical assets across Canada. AISIX Solutions Inc. will then expand on the MVP and leverage its advanced climate-related data and expertise to assess risks associated with extreme weather events and various global temperature change scenarios.
This partnership will also focus on creating sustainable models that can be replicated to benefit other entities and industries, demonstrating the scalability and relevance of the solutions developed.
"We are proud to contribute our expertise to this vital initiative," said Mihalis Belantis, CEO of AISIX Solutions Inc. "Understanding and mitigating the risks posed by climate change is essential for the resilience of financial institutions and their clients and our advanced climate-related data is an undeniable tool that will shape the future of risk assessment and mitigation."
The project will be conducted in close collaboration with a major consulting firm, ensuring that the MVP aligns with the industry's needs and standards while fostering innovative approaches to climate resilience.
The outcomes of this project are expected to provide significant insights and tools that will aid businesses in assessing and adapting to the challenges posed by climate change, thereby supporting sustainable growth and development.
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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