Impact Analytics Engages Research Laundry to Accelerate AI Product Development

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(TheNewswire)

Impact Analytics Inc.

 

Calgary, Alberta - TheNewswire - November 7, 2023 – Impact Analytics Inc. (“Impact Analytics” or the “Company”) (CSE:PACT), an intelligent risk assessment and financial services platform, continues to accelerate the expansion of its business lines to include patentable risk management and assessment models underpinned by artificial intelligence ("AI"). The Company is pleased to announce it has entered into a Development Service Agreement (the “Agreement”) with Wyoming-based Research Laundry LLC (“Research Laundry”).

 

Research Laundry is comprised of a team of technology professionals with over 20-years of combined product development experience. Research Laundry’s principals boast a history of successful project completions and exits across a portfolio that includes notable Fortune 100 collaborations.

 

Pursuant to the Agreement, the Company shall pay to Research Laundry, a cash fee equal to US$250,000.00 and issue up to 1,000,000 restricted share units (the “RSUs”) issuable upon the completion of certain milestones by Research Laundry (collectively, the “Milestones”). The RSUs if issued, shall be issued pursuant to the terms of the Company’s omnibus equity incentive plan.

 

Further, Impact Analytics is pleased to announce that it has completed its corporate rebranding initiatives. The Company invites all current and prospective shareholders to visit its corporate website located at the following URL: https://www.impactrisk.ai/.

 

About Impact Analytics

 

Impact Analytics is a financial services company focused on building a AI-powered risk assessment engine to govern and optimize organizational decision making. Our flagship risk assessment model is being designed to disrupt traditional finance in a meaningful way.

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

Chief Executive Officer        Eric Entz

Head Office                         1626 Westmount Road NW, Calgary, Alberta T2N 3M1

Telephone                         +1 (587) 208 4044

Email                                 [email protected]  

 

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

 

Forward-Looking Information

 

Certain information in this news release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Corporation or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this news release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this news release.

 

Forward-looking statements in this news release may include, but are not limited to, the future plans of the Corporation, the Agreement, the Milestones, the Issuance of RSUs, business plans, objectives and strategy.

 

Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Corporation’s Management Discussion and Analysis, which can be found on SEDAR+ at www.sedarplus.ca.

Copyright (c) 2023 TheNewswire - All rights reserved.