Predictmedix Announces a Purchase Order for Safe Entry's Fit for Duty Screening in the Defence Sector

DefSpace, a global platform for Defence, Space and Aerospace will lease four Safe Entry Stations over four-year term primarily utilizing Safe Entry's impairment detection screening

Each of the four Safe Entry Station's to generate $2500 per month in recurring revenue for an initial four-year term, approximating a total of $500,000

The Global workplace safety market is expected to generate $39 billion by 2031¹

TORONTO, ON / ACCESSWIRE / March 6, 2023 / Predictmedix Inc. ("Predictmedix" or the "Company") (CSE:PMED)(OTCQB:PMEDF)(FRA:3QP), an emerging provider of rapid health screening solutions powered by a proprietary artificial intelligence (AI), today announced a purchase agreement with Defspace, an India based global platform for defence, space and aerospace for the company's Safe Entry's Fit for Duty screening. Defspace will lease four Safe Entry Stations which will be used by their clients in the defence and aerospace sector to screen their workforce for signs of impairment - an issue that hinders productivity and threatens health and safety across all operations. The total value of the purchase order is approximately $500,000 for the entire term.

DefSpace operates an exclusive global platform for Defence, Space and Aerospace. The platform offers secured and authorised connections between buyers and sellers, Investment opportunities, job opportunities and many services that add significant value to companies who are already working in Defence, Space and Aerospace Sector or for those just entering the field. "The technology developed by Predictmedix addresses a key unmet need in several sectors which not only includes healthcare and workplace but also the defence and aerospace industry. We are excited and confident of the positive impact the technology will be making in the defence sector", commented Anushka Shah, Jiwanshi Shah, Founders at DefSpace.

"Impairment is a huge concern for many industries and sectors worldwide. Safe Entry's Fit for Duty screening ensures workforces are fit for duty by screening individuals key vital signs. When an individual is impaired by alcohol or cannabis, Safe Entry will let you know. The multi-spectral cameras and AI-algorithms scan for a multitude of physiological factors and behaviors - indicating intoxication, impairment, sickness, and extreme fatigue. Safe Entry is a strong line of defence against encumbered employees, and we are excited to announce our first contract in the defence sector," commented Dr. Rahul Kushwah, Chief Operating Officer at Predictmedix.