(TheNewswire)
Calgary , Alberta – TheNewswire - October 17 , 2023 – nDatalyze Corp. (“NDAT” or the“Corporation”) (CSE:NDAT) (OTC:NDATF) announces an expansion ofits previously-announced validation project.The expansion envisions the overall project being divided into twodistinct divisions – a) psychiatry, and b) machine-learning. Goingforward, t he Mitacs-sponsored machine-learning-based (“ML”) project will focus on logic and correlationvalidation while the supervision (“psychiatric guidance”) aspectof the ML will be governed by the psychiatric division and will focuson mental condition prediction calibration and the development ofassociated treatment predictions relating to drugs/drug combinationsand psychotherapy. In the interest of accelerating the time frame, thepsychiatric division plan is to target a single cohort (one age group,one gender, one ethnicity) and a single mental condition.
The Corporation believes it has sufficient currentcapital to finance both divisions and that its ongoing privateplacement will be used primarily as working capital. Updates will beprovided as available.
The Corporation’s quarterly report for the periodended August 31, 2023, is now available on SEDAR+
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:
James Durward, President and CEO
Telephone: (403) 689-3901
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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