Deepspatial AI: From Technological Validation to Market Success

• Deepspatial Initiates Revenue Generation
• Government Contracts Surpass $1.7 Million
• Advanced 2024 Sales Pipeline Across Global Government Verticals

TORONTO, ON / ACCESSWIRE / February 29, 2024 / Deepspatial Inc. (CSE:DSAI)(OTCQB:DSAIF) ("Deepspatial" or the "Company") is pleased to announce a significant milestone in our corporate journey, having evolved from a phase of rigorous technological validation and strategic financial planning to achieving substantial market penetration in the transformative education sector. This transition marks the beginning of our revenue-generating phase, underscoring our position as a leader in leveraging technological innovation to shape the future of education. This corporate update aims to provide our stakeholders with a detailed overview of our recent achievements, strategic decisions, and the direction we are headed as we continue to build on our success and drive value for our shareholders and partners.

Securing a Future: From Validation to Revenue Generation

The recent acquisition of a significant contract in India for our AI-driven education platform marks a watershed moment for Deepspatial AI. This contract, initially valued at $200,000, is not merely a revenue stream; it represents a strategic entry into a market with immense potential for scale and impact. The engagement, which is expected to extend into a multi-year collaboration, showcases our ability to not only develop innovative technology but also to effectively commercialize it in competitive and complex markets.

This contract win followed an intensive selection process, demonstrating our solution's superiority in both technical and commercial aspects. Our platform's unique approach, integrating Item Response Theory and novel multidisciplinary concepts, has been designed to revolutionize educational methodologies and improve learning outcomes significantly. This success is a tangible manifestation of our transition from a company focused on technological validation to one that generates significant revenue.

Building on this momentum, Deepspatial AI acknowledges the significance of our $1.5 million contract with a government body, awarded last year, for the deployment of our AI-driven solutions to enhance public sector operations. Detailed in our announcement here, this contract not only represents a notable revenue stream but also serves as a testament to our technology's capability to effectuate tangible improvements in government service delivery. This accomplishment emphasizes our strategic foray into public sector applications, expanding our reach and demonstrating the adaptability of our AI platform.