Predictmedix Provides Business and Technology Development Updates and Closes Final Tranche of Private Placement

TORONTO, ON / ACCESSWIRE / November 7, 2022 / Predictmedix Inc. (“Predictmedix” or the “Firm”) (CSE:PMED)(OTCQB:PMEDF), an rising company of swift wellness screening alternatives run by a proprietary artificial intelligence (AI), announces that it has closed the ultimate tranche of its non-brokered personal placement. Pursuant to the closing tranche, the Corporation has issued 1,600,000 models (the “Units”) at a selling price of $.05 for each device to traders for gross proceeds of $80,000. Each Unit is made up of a single widespread share of the Firm and one particular-50 percent of one (1//2) typical share acquire warrant (every single whole warrant, a “Warrant”), whereby each Warrant entitles the holder to invest in one added widespread share for a period of two several years from closing at an exercising cost of $.10 for every share. Internet proceeds from the funding will be employed for common operations (functioning cash) such as business enterprise advancement and technological know-how updates. All securities issued in relationship with the funding are matter to a statutory maintain period expiring 4 months and one day from the day of issuance of the securities.

Business enterprise and Technology Enhancement Updates:

• Two (2) publications efficiently peer-reviewed and approved in scientific journals

• A NOVEL DEEP Discovering Approach FOR Alcohol IMPAIRMENT Employing Visible AND ACOUSTIC Features¹

• NOVEL AI Primarily based Solution FOR HUMAN Human body TEMPERATURE Evaluation Making use of Interior EYE CANTHUS LOCALIZATION FROM Digicam FEED²

• 4 (4) supplemental publications are presently under peer-critique in scientific journals. In addition to Predictmedix’s a short while ago peer-reviewed publications for detecting impairment from alcoholic beverages and detecting overall body temperature, these 4 publications proceed to validate the Company’s engineering to establish signs and symptoms of infectious ailments, fatigue, critical vitals, and the general capability to display for a variety of parameters as section of Protected Entry’s In shape for Obligation screening.

• Peer-reviewed journals content articles are an very important piece to Predictmedix’s scalability and technological know-how and answer adoption approach. Predictmedix’s academic publications must be scrutinized by specialists in the same field and is vital to make certain academic scientific excellent – and having several accepted publications in scientific journals is a sizeable milestone for the Firm’s gross sales initiatives and for its IP.

• Significant updates and updates to our AI algorithms from capturing knowledge from subjects throughout US, Canada, Mexico, and India – creating Secure Entry Stations much more precise, responsible, and faster.

• Above-the-air, automated updates that integrates most new captured datasets from a variety of shopper web sites globally. Risk-free Entry Stations will get updated algorithmic styles through about-the-air updates, immediately, in real time.

• New staff checking heatmap whereby respective managers can visualize facts scanned for infectious ailments, impairment from hashish and alcoholic beverages, extreme exhaustion and exhaustion, and emotionally distressed states.

• Recurrent Neural Community sound filtering and other new attributes are now staying made use of to deal with voice alerts, as aspect of the Speech Detection parameter of Secure Entry’s Healthy for Duty screening. This contributes to a greater precision reading through for Safe Entry’s Speech Detection parameter.

• Distribution of demonstration units with extensive In shape for Obligation screening via the Firm’s distributor SBL Testing Systems (“SBL”). SBL has begun deploying Protected Entry Stations to associates such as Probe IMT in South Africa, a leader in know-how integration to the mining sector throughout Africa, and other main players in vital markets. Additionally, SBL presently has extra than a dozen distributors during North The us in several levels of introducing Risk-free Entry to potential purchasers.

• Safe and sound Entry demonstration units becoming deployed are for a series of Discovery Sessions, setting up in Calgary and Vancouver starting this thirty day period, and through North The united states in Q4 and onwards.

Tale proceeds

¹ https://ikprress.org/index.php/JOMAHR/article/watch/7868

² https://ikprress.org/index.php/JOBARI/report/check out/7897

Predictmedix is at the moment in the system of appointing a new impartial director to exchange Ajit Kumar as he could not proceed with us due to own causes. The Corporation many thanks him for his contribution.

About Predictmedix Inc.

Predictmedix (CSE: PMED) (OTCQB: PMEDF) is an rising supplier of fast wellbeing screening and distant affected person care options globally. The Firm’s Protected Entry Stations – powered by a proprietary artificial intelligence (AI) – use multispectral cameras to assess physiological facts styles and forecast a selection of well being issues like infectious health conditions these as COVID-19, impairment by prescription drugs or alcohol, fatique or many mental health problems. Predictmedix’s proprietary remote affected person care system empowers healthcare pros with a suite of AI-driven tools to increase individual health and fitness results. To study much more, you should take a look at our web-site at www.Predictmedix.com or comply with us on Twitter, Instagram or LinkedIn.

Trader Relations Speak to

Corey Matthews
[email protected]

Caution Relating to Forward-On the lookout Information:

This news launch may possibly contain forward-seeking statements and details primarily based on current expectations. These statements should really not be go through as assures of long term efficiency or outcomes of the Firm. These statements entail known and mysterious threats, uncertainties and other factors that could cause real success, general performance or achievements to be materially diverse from these implied by these statements. Even though such statements are dependent on management’s reasonable assumptions, there can be no assurance that these assumptions will establish to be proper. We assume no duty to update or revise them to replicate new gatherings or situations. The Firm’s securities have not been registered underneath the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or applicable point out securities regulations, and may not be supplied or offered to, or for the account or profit of, folks in the United States or “U.S. Persons”, as these term is defined in Regulations less than the U.S. Securities Act, absent registration or an applicable exemption from this sort of registration needs. This push launch shall not constitute an present to offer or the solicitation of an offer you to acquire nor shall there be any sale of the securities in the United States or any jurisdiction in which this kind of present, solicitation or sale would be unlawful. Moreover, there are recognised and unidentified risk components which could result in the Company’s true benefits, overall performance or achievements to be materially distinctive from any Site 4 of 4 long term outcomes, performance or achievements expressed or implied by the forward-hunting data contained herein, these kinds of as, but not minimal to dependence on obtaining regulatory approvals the means to receive mental house legal rights similar to its engineering constrained functioning historical past basic enterprise, economic, competitive, political, regulatory and social uncertainties, and in specific, uncertainties relevant to COVID-19 pitfalls relevant to components beyond the regulate of the Company, which include challenges similar to COVID-19 risks related to the Company’s shares, together with price volatility thanks to occasions that may possibly or could not be in just this kind of party’s management reliance on management and the unexpected emergency of further competitors in the market.

All ahead-wanting information and facts herein is experienced in its entirety by this cautionary assertion, and the Enterprise disclaims any obligation to revise or update any these forward-wanting details or to publicly announce the outcome of any revisions to any of the forward-seeking facts contained herein to mirror upcoming final results, activities or developments, besides needed by legislation.

Disclaimer: “The Firm is not earning any express or implied promises that its solution has the ability to diagnose, remove, overcome or consist of the COVID-19 (or SARS-2 Coronavirus) at this time.”

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Supply: PredictMedix Inc.

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