(TheNewswire)
Calgary ,Alberta - TheNewswire - November 14, 2023 - nDatalyze Corp. ( “ NDAT ” or the “ Corporation ” ) (CSE:NDAT) (OTC:NDATF) announces that on November 10, 2023, NDAT signed a Letter of Intent(“LOI”) with Dr. DaleStevens, Associate Professor, Department of Psychology, Faculty ofHealth, York University, whereby Dr. Stevens has agreed to be the Principal Investigatorfor the machine-learning-logic/DNA aspect of NDAT’s previouslyannounced Clinical Study.
Dr. Stevens received his Ph.D. in Neuropsychology, witha Specialization in Neuroscience, from the University of Toronto. Heconducted postdoctoral work in cognitive neuroscience at HarvardUniversity (Cambridge, MA) as a Research Associate, then at theNational Institute of Mental Health (Bethesda, MD) as a seniorResearch Fellow.
Dr. Stevens will be assisted by Amir Zarie, PhDCandidate, also from York’s Department of Psychology. The LOI contemplates a formal agreement within 30days, which formal agreement is to include, but not be limited to,specification of the project, preparation of a Mitacs grantapplication, an assessment of NDAT’s existing YMI predictive mentalhealth system (“YMI”) logic, integration of a DNA aspect into YMI,calibration of YMI, and submission of a paper to a peer-reviewedjournal. Readers are advised that this aspect of the overall ClinicalStudy deals with the assessment and calibration of YMI’s existingpredictive logic and the integration of DNA data, and that thepsychiatric aspect is expected to involve a different PI(s) and adifferent institution(s) whereafter both aspects are to be combined inan enhanced YMI system. Negotiations with potential psychiatric PIsare ongoing. The Corporation will finance thisproject with existing cash reserves.
James Durward, CEO/CTO states: “The addition of Dr.Stevens and Amir to our Clinical Study team is a significant advancetoward our goal of providing an advanced comprehensive tool designedto improve the way mental conditions are diagnosed and treated. Forthe clogged mental health system and the mental health crisis, Ibelieve the time for machine-learning-based decision support tools isnow.”
About YMI: YMIuses evidence-based, objective data from whole life experiences topredict individual mental states over time and applies this knowledgetowards a fuller understanding of how mental health develops and toimprove mental wellbeing. YMI combines machine-learning with aproprietary Reference Database that contains >1200 person’sgenetic expressions, childhood environment, habits, phobias, livedexperiences and lifestyle to generate a personalized graphic reportpredicting an individual’s predisposition toward a variety of commonmental conditions, both current and forward in time.
For Further Information, PleaseContact:
Dr. Keith Courtney, President (psychiatricaspects)
Email: drkeithcourtney@gmail.com
or
James Durward, CEO&CTO (technical aspects)
Email: jimd@ndatalyze.com
nDatalyze Website: https://www.ndatalyze.com
YMI Website: https://ymihealth.ca
Neither the Canadian Securities Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the Canadian Securities Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release does notconstitute an offer to sell or a solicitation of an offer to sell anyof the securities in the United States. The securities have not beenand will not be registered under the United States Securities Act of1933, as amended (the "U.S. Securities Act") or any statesecurities laws and may not be offered or sold within the UnitedStates or to U.S. Persons unless registered under the U.S. SecuritiesAct and applicable state securities laws or an exemption from suchregistration is available.
The information in this news release includes certaininformation and statements about management's view of future events,expectations, plans and prospects that constitute forward lookingstatements. These statements are based upon assumptions that aresubject to significant risks and uncertainties. Because of these risksand uncertainties and as a result of a variety of factors, the actualresults, expectations, achievements or performance may differmaterially from those anticipated and indicated by theseforward-looking statements. Any number of factors could cause actualresults to differ materially from these forward-looking statements aswell as future results. Although the Corporation believes that theexpectations reflected in forward looking statements are reasonable,it can give no assurances that the expectations of any forward-lookingstatements will prove to be correct. Except as required by law, theCorporation disclaims any intention and assumes no obligation toupdate or revise any forward-looking statements to reflect actualresults, whether as a result of new information, future events,changes in assumptions, changes in factors affecting suchforward-looking statements or otherwise.
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