Aisix Solutions Inc. (formerly, Minerva Intelligence Inc.) Announces Name and Symbol Change, and Provides Update

August 15, 2023

  • Focused on addressing the need to find solutions to understand the risk of climate change, Aisix Solutions is building Climate AI tools including a consumer user interface and reporting tools, enterprise level UI and API to support customization.
  • Novel and proven AI technology, demonstrated with the work Aisix Solutions has completed for multiple departments of the Federal Government of Canada and the ongoing work with governments and institutions around the world.
  • The Company will TSX Venture Exchange under the new symbol AISX on August 17, 2023.

Vancouver B.C., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Aisix Solutions Inc. (TSXV: MVAI) (the “Company” or “Aisix Solutions”), an emerging global climate risk and data-analytics solutions provider, is pleased to announce that the Company has changed its name from “Minerva Intelligence Inc.” to “Aisix Solutions Inc.”, effective immediately. The common shares of the Company (the “Common Shares”) are expected begin trading on the TSX Venture Exchange (the “TSXV”) under the Company's new name and under the new ticker symbol “AISX” on August 17, 2023. ‎This strategic change reflects the Company’s evolution and focus towards providing novel AI-driven solutions that help the Company’s customers manage the risks and costs posed by climate change. In connection with the Company's name change, shareholders will not be asked to deliver a letter of transmittal.

In response to the pressing challenges of climate change, Aisix Solutions has recognized the urgent need for breakthrough technologies to address climate-related risk. Leveraging its expertise in artificial intelligence, data-analytics, and risk assessment, the Company is committed to offering comprehensive solutions that empower industries, governments and consumers to make informed decisions in the face of climate-related risks.

“Our rebranding to Aisix Solutions marks an important step in our journey,” said Mihalis Belantis, new CEO of Aisix Solutions. “As the world faces unprecedented risks and costs associated with climate related natural disasters, we require accurate and expansive tools that provide actionable insights and reporting. With advancements of our data and AI technology, we aim to be part of the transformation on how we assess and mitigate climate risks.

Aisix Solutions combines novel machine-learning algorithms, data science, datasets and sophisticated physical modeling, to provide users with accurate and predictive climate models and risk assessment tools. The Company’s advanced technologies are intended to empower consumers, governments, and small, medium and large enterprises across various sectors including finance, insurance, energy, agriculture, and urban planning to assess and mitigate climate risks.

Asix Solutions will continue to collaborate with leading experts, research institutions, and industry partners to further enhance its capabilities and expand its portfolio of climate risk solutions. The Company remains committed to pushing the boundaries of innovation and addressing the multifaceted challenges posed by climate change.

For more information about Aisix Solutions and its climate risk solutions, please visit our website or follow us on Twitter (@AisixSolutions) or LinkedIn (aisix-solutions).

About Aisix Solutions

Aisix Solutions is a leading global climate risk and data-analytics solutions provider trusted by organizations seeking a more predictive future. Leveraging the advancements of artificial intelligence, data analytics, and risk assessment, Aisix Solutions is on a mission to provide accurate assessments to help people, businesses and governments effectively analyze, manage, and mitigate climate-related risks. By empowering organizations with real-time insights, Aisix Solutions aims to foster resilience and sustainability in the face of climate change.

For further information:

Mihalis Belantis, Chief Executive Officer

+1 (604) 620-1051

Forward Looking Statements

Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, the “forward-looking statements”) within the meaning of Canadian securities laws, and is subject to numerous risks, uncertainties, and assumptions, many of which are beyond the Company's control. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and similar words and expressions are used to identify forward-looking information, including the expected date for trading on the TSXV under the new name, the Company’s expected product offerings and the Company’s expected growth opportunities. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.

The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, the Company’s ability to obtain capital and credit on reasonable terms, the Company’s ability to compete and the Company’s ability protect its intellectual property rights.

The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time.

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Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

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