TORONTO, ON / ACCESSWIRE / December 7, 2023 / Deepspatial (CSE:DSAI)(OTCQB:DSAIF) ("Deepspatial" or the "Company"), an outcome-based artificial intelligence company, enabling organizations to enhance their decision-making capabilities by leveraging the power of data and AI, is pleased to announce its recent contract win in one of the states in India for its innovative AI-driven education platform.
The contract, initially valued at $200,000 for the first year, signifies the commencement of a potentially long-term collaboration. Upon successful platform deployment, this engagement is anticipated to extend into a multi-year commitment encompassing comprehensive support, service, and updates.
Deepspatial secured this significant contract following a thorough government selection process, where its collaborative bid with a reputable technology integrator was identified as the most technically and commercially viable solution. The platform's ground-breaking approach in integrating Item Response Theory (IRT) and pioneering multidisciplinary concepts in school education has garnered attention for its potential to reshape pedagogical approaches and improve learning outcomes. The company's AI-driven education platform introduces novel multidisciplinary concepts in school education, notably integrating practical applications of IRT. This innovative framework empowers educators to personalize learning experiences, enabling a more nuanced understanding of students' strengths and areas for improvement, fostering a more tailored educational environment.
The wide-ranging applicability of Deepspatial's AI platform in meeting universal educational requirements across diverse nations and all Indian states presents promising growth prospects for the company. Its adaptive nature and capacity to cater to varied educational contexts showcase the platform's scalability and potential to positively impact educational systems on a global scale.
Dr. Rahul Kushwah, CEO of Deepspatial, commented, "The successful acquisition of this government contract underscores the strength and relevance of our AI platform in transforming educational landscapes nationwide. We are committed to leveraging our expertise and technology to foster inclusive, data-driven educational models that empower educators and learners alike. We are actively pursuing similar opportunities, building on the proven effectiveness of our technology."
The company will be issuing 270,000 and 150,000 common shares to two consultants as consideration for the services provided by the consultants to the company. The shares will be subject to a hold period of 4 months from the date of issuance.
About Deepspatial Inc.
Deepspatial is an outcome based artificial intelligence company, enabling organizations to enhance their decision-making capabilities by leveraging the power of data and AI. From finding the most efficient supply chain routes to knowing where to develop next, Deepspatial's AI-driven platform enables its clients to visualize what's going on, predict what's coming, analyze data, and optimize processes to make smarter decisions for a better future. For more information, visit www.Deepspatial.ai and follow us on Twitter, Instagram or LinkedIn.
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Contacts
For more information, please contact:
Investor Relations
Corey Matthews
Investors@deepspatial.ai
Chief Exeuctive Officer
Dr. Rahul Kushwah
Rahul@deepspatial.ai
SOURCE: DeepSpatial Inc.
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