Deepspatial Provides Corporate Update: Pioneering Geospatial AI and Expanding Horizons

TORONTO, ON / ACCESSWIRE / October 25, 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 delighted to present a corporate update highlighting its recent achievements and future directions.

Our journey has been marked by a series of remarkable milestones, each underpinned by our unwavering dedication to the spirit of innovation. It's with a sense of pride and purpose that we reflect on our recent achievements and our continued initiatives, as these moments have been the building blocks of our mission. We are excited to present a snapshot of our progress, demonstrating how our tireless pursuit of excellence has not only shaped our present but has laid the foundation for an even more promising future.

Expanding into New Verticals and Revolutionizing Agriculture in India:

Deepspatial has made impressive strides in diversifying its portfolio and expanding into new verticals while reinforcing existing ones. By participating in technology showcases at major conferences, we've solidified our commitment to sales and business development initiatives, leading to a breakthrough government contract in a state in India.

In the first half of 2023, we proudly announced a landmark achievement, securing a CAD $1.5 million, 3-year contract with the Agricultural Directorate in a state in India via a partner/system integrator. Deepspatial's Geospatial AI platform and solutions will play a pivotal role in transforming agricultural processes, enabling the efficient conduct and validation of crop-cutting experiments and on-field surveys. This initiative, one of the first of its kind in India, represents a significant leap in data collection using advanced technologies.

This project aims to enhance agricultural practices, ensuring proper insurance coverage, supporting state-of-the-art facilities, and devising robust plans for farmers' benefit. By offering key data insights for informed decision-making, we are not only empowering farmers but also assisting government authorities in optimizing their support for this critical sector.

This contract showcases Deepspatial's ability to deliver practical and impactful solutions to real-world challenges. Our technology is making a tangible difference in the agricultural landscape, improving livelihoods and enhancing food security. It reflects the trust government authorities place in our expertise, reinforcing our position as a leader in the geospatial AI industry. As we continue to explore new opportunities and expand our horizons, this project serves as a blueprint for transformative initiatives in the geospatial industry.