VANCOUVER , Oct. 30, 2019 /CNW/ - Minerva Intelligence, Inc. (TSXV:MVAI), ("Minerva" or the "Company"), a knowledge engineering company bringing the benefits of artificial intelligence to mining and geohazard industries, is pleased to announce that Minerva has won the INSPIRE Helsinki 2019 Data Challenge.
INSPIRE is a European Union Directive that creates a standardized spatial data infrastructure for the purposes of EU environmental policies. Each year an INSPIRE Conference is held to provide a forum for stakeholders from government, academia and industry to hear about and discuss the latest developments of the INSPIRE Directive.
This year INSPIRE held the "INSPIRE Helsinki 2019 Data Challenge" in Helsinki, Finland , on October 22-24 th in search of innovative practical uses of spatial data in the domains of sea, weather and cities. Minerva's "Landslide Application for Veneto, Italy ", entered under the "Let's make the most out of INSPIRE" category, was the overall winner of the Challenge.
"Minerva is quickly becoming recognized globally for its AI applications using standardized data and ontologies", said Scott Tillman , Chief Executive Officer at Minerva. "Awards such as these are a unique opportunity to validate the work we have done in both the academic arena and among large industry stakeholders. As we look to move ahead in further commercializing our technology, awards and events such as the INSPIRE Challenge create a valuable opportunity to show that Minerva technology is impactful and can offer companies a competitive edge in analyzing geohazard risks as well as mining prospects."
About Minerva Intelligence, Inc.
The common shares of the Company are currently listed on the TSX Venture (symbol MVAI). For further details on the Company readers are referred to the Company's web site (www.minvervaintelligence.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov
This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.
Cautionary Note Regarding Forward-Looking Statements
Forward Looking Information: This news release includes certain information that may be deemed "forward looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. All information in this release, other than information of historical facts, including, without limitation, the availability of financing to the Company are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Forward-looking information is based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from the forward-looking information include changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, regulatory changes, delays in receiving approvals, and other risks detailed herein and from time to time in the filings made by the Company with securities regulatory authorities in Canada . Mineral exploration and development of mines is an inherently risky business. Accordingly, actual events may differ materially from those projected in the forward-looking information. For more information on the Company and the risks and challenges of our business, investors should review our continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward looking information, except in accordance with applicable securities laws.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE Minerva Intelligence Inc.
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