Predictmedix Supplies Business and Technological innovation Development Updates and Closes Final Tranche of Personal Placement

TORONTO, ON / ACCESSWIRE / November 7, 2022 / Predictmedix Inc. (“Predictmedix” or the “Business”) (CSE:PMED)(OTCQB:PMEDF), an rising provider of speedy wellbeing screening alternatives powered by a proprietary artificial intelligence (AI), announces that it has closed the ultimate tranche of its non-brokered non-public placement. Pursuant to the ultimate tranche, the Enterprise has issued 1,600,000 models (the “Models”) at a price of $.05 for each device to traders for gross proceeds of $80,000. Every Device is made up of a single widespread share of the Organization and one particular-fifty percent of a single (1//2) popular share invest in warrant (every full warrant, a “Warrant”), whereby each individual Warrant entitles the holder to buy a person supplemental popular share for a period of two years from closing at an workout cost of $.10 for every share. Net proceeds from the funding will be applied for standard functions (functioning money) such as business enterprise advancement and technological know-how upgrades. All securities issued in link with the funding are issue to a statutory maintain interval expiring four months and one particular day from the day of issuance of the securities.

Small business and Engineering Progress Updates:

• Two (2) publications effectively peer-reviewed and accepted in scientific journals

• A NOVEL DEEP Finding out Approach FOR Alcoholic beverages IMPAIRMENT Utilizing Visual AND ACOUSTIC Attributes¹

• NOVEL AI Primarily based Strategy FOR HUMAN Human body TEMPERATURE Evaluation Utilizing Interior EYE CANTHUS LOCALIZATION FROM Digicam FEED²

• Four (4) supplemental publications are at this time below peer-critique in scientific journals. In addition to Predictmedix’s just lately peer-reviewed publications for detecting impairment from alcohol and detecting human body temperature, these 4 publications proceed to validate the Company’s know-how to discover indicators of infectious disorders, fatigue, key vitals, and the in general capacity to screen for numerous parameters as component of Safe Entry’s Healthy for Duty screening.

• Peer-reviewed journals content articles are an essential piece to Predictmedix’s scalability and technologies and resolution adoption plan. Predictmedix’s academic publications must be scrutinized by authorities in the very same subject and is essential to ensure academic scientific top quality – and having various recognized publications in scientific journals is a substantial milestone for the Firm’s income initiatives and for its IP.

• Major updates and upgrades to our AI algorithms from capturing facts from subjects across US, Canada, Mexico, and India – making Risk-free Entry Stations much more precise, reliable, and quicker.

• More than-the-air, automated updates that integrates most recent captured datasets from different customer web-sites globally. Risk-free Entry Stations will receive up-to-date algorithmic models by means of above-the-air updates, immediately, in true time.

• New employee checking heatmap whereby respective professionals can visualize details scanned for infectious health conditions, impairment from cannabis and alcohol, intense tiredness and exhaustion, and emotionally distressed states.

• Recurrent Neural Network sounds filtering and other new options are now remaining utilized to handle voice indicators, as portion of the Speech Detection parameter of Safe Entry’s Match for Obligation screening. This contributes to a bigger accuracy looking at for Safe and sound Entry’s Speech Detection parameter.

• Distribution of demonstration models with extensive In good shape for Responsibility screening through the Firm’s distributor SBL Testing Technologies (“SBL”). SBL has begun deploying Safe and sound Entry Stations to associates this sort of as Probe IMT in South Africa, a chief in technologies integration to the mining sector throughout Africa, and other leading players in critical markets. Also, SBL currently has a lot more than a dozen distributors in the course of North The united states in many phases of introducing Secure Entry to likely clientele.

• Secure Entry demonstration units currently being deployed are for a sequence of Discovery Classes, starting off in Calgary and Vancouver beginning this thirty day period, and in the course of North America in Q4 and onwards.

Story carries on

¹ https://ikprress.org/index.php/JOMAHR/write-up/perspective/7868

² https://ikprress.org/index.php/JOBARI/article/watch/7897

Predictmedix is now in the method of appointing a new independent director to swap Ajit Kumar as he could not proceed with us because of to individual reasons. The Enterprise many thanks him for his contribution.

About Predictmedix Inc.

Predictmedix (CSE: PMED) (OTCQB: PMEDF) is an emerging service provider of speedy wellness screening and remote affected individual treatment methods globally. The Company’s Risk-free Entry Stations – run by a proprietary artificial intelligence (AI) – use multispectral cameras to evaluate physiological facts designs and forecast a variety of overall health problems such as infectious ailments such as COVID-19, impairment by medicines or alcohol, fatique or several psychological sicknesses. Predictmedix’s proprietary remote client care system empowers health care experts with a suite of AI-run applications to boost client well being outcomes. To understand more, make sure you stop by our website at www.Predictmedix.com or follow us on Twitter, Instagram or LinkedIn.

Trader Relations Contact

Corey Matthews
Investors@predictmedix.com

Warning Relating to Ahead-Seeking Details:

This news launch may have ahead-hunting statements and info based on recent anticipations. These statements should really not be browse as assures of foreseeable future efficiency or effects of the Enterprise. This sort of statements include regarded and unfamiliar pitfalls, uncertainties and other variables that may perhaps lead to precise success, overall performance or achievements to be materially various from those implied by this kind of statements. While this kind of statements are based mostly on management’s sensible assumptions, there can be no assurance that this sort of assumptions will demonstrate to be suitable. We assume no obligation to update or revise them to mirror new events or situations. The Company’s securities have not been registered below the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or relevant condition securities guidelines, and may not be presented or offered to, or for the account or advantage of, folks in the United States or “U.S. Individuals”, as these types of phrase is defined in Laws beneath the U.S. Securities Act, absent registration or an relevant exemption from such registration necessities. This push launch shall not constitute an provide to offer or the solicitation of an provide to acquire nor shall there be any sale of the securities in the United States or any jurisdiction in which this kind of provide, solicitation or sale would be illegal. On top of that, there are known and unfamiliar risk things which could cause the Firm’s true outcomes, effectiveness or achievements to be materially different from any Webpage 4 of 4 future outcomes, general performance or achievements expressed or implied by the forward-hunting facts contained herein, this kind of as, but not minimal to dependence on obtaining regulatory approvals the skill to attain intellectual home legal rights connected to its technological know-how minimal working historical past general organization, financial, competitive, political, regulatory and social uncertainties, and in distinct, uncertainties linked to COVID-19 dangers similar to factors past the regulate of the Corporation, together with pitfalls connected to COVID-19 pitfalls related to the Company’s shares, including rate volatility because of to gatherings that may or could not be within just such party’s command reliance on administration and the unexpected emergency of added rivals in the marketplace.

All forward-wanting info herein is experienced in its entirety by this cautionary statement, and the Firm disclaims any obligation to revise or update any these kinds of ahead-hunting facts or to publicly announce the outcome of any revisions to any of the ahead-wanting information contained herein to mirror long term outcomes, events or developments, besides essential by legislation.

Disclaimer: “The Organization is not building any specific or implied promises that its products has the skill to diagnose, remove, heal or have the COVID-19 (or SARS-2 Coronavirus) at this time.”

THE CANADIAN SECURITIES Exchange HAS NOT REVIEWED NOR DOES IT Settle for Responsibility FOR THE ADEQUACY OR Precision OF THIS Launch.

Supply: PredictMedix Inc.

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