(TheNewswire)
Calgary, Alberta – May 10, 2024 – TheNewswire - nDatalyze Corp.(“ NDAT ” orthe “Corporation”) (CSE:NDAT) (OTC:NDATF) The Corporation wishes to announce that, after carefulconsideration, it has decided to conclude its collaboration with theCanadian Mental Health Association (CMHA), effective immediately.Despite initial plans being in place for some time, unforeseenadministrative delays at CMHA have unfortunately prevented thecommencement of the study and the Corporation has determined that theprojected timeline for the study's completion is no longer feasible.It's important to note that no data exchange occurred, and NDAT didnot incur any expenses related to the CMHA as the study had not yetbegun. The allocated funds for this study will be redirected to ourgeneral working capital account while the Corporation exploresdatabase expansion with a US institution that will align with ourrecent acquisition of MindBalanced Inc. and its US operations. Theclinical study conducted in collaboration with York University,focusing on DNA integration into the YMI Reference Database,continues.
James Durward, CEO/CTO states: “It’s very importantthat we focus on two things going forward: revenue growth through ourMindbalanced subsidiary, and the continued expansion ourpurpose-specific proprietary Reference Database. While large languagemodels like ChatGPT are very effective for general purpose tasks,they’re trained on very noisy, internet-based data, and this canlead to poor quality results when dealing with complex technicalissues. As famed computer scientist PeterNorvig states “More data beatsbetter algorithms, but better data beats more data”, and thisreflects our opinion that clean, consistent data is key tohigh-quality results. This is why we built our Reference Database inthe first place.”
An informative article about the value of qualitydatabases can be seen at https://www.problem-is.com/p/why-proprietary-data-is-the-linchpin?utm_campaign=email-half-post&r=3n87gh&utm_source=substack&utm_medium=email
For Further Information, pleasecontact:
James Durward, CEO&CTO
Email: jimd@ndatalyze.com
nDatalyze Website: https://www.ndatalyze.com
YMI Website: https://ymihealth.ca
About Mindbalanced, Inc.: Mindbalanced’s vision is to redefine mentalhealthcare through an integrative, personalized approach leveragingcutting edge technology and non-invasive treatment protocols. Byharnessing evidence-based data we aim to predict and enhance mentalwellbeing, taking into account individual predispositions andenvironmental factors thereby fostering healthier and more fulfillinglives for all.
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 howto improve mental wellbeing. YMI combines supervised machine-learningwith a proprietary Reference Database to predict an individual’spredisposition toward a variety of common mentalconditions, both current and forward in time. YMI is poised to revolutionize mental health diagnoses whileensuring a sustainable revenue stream. By strategically addressing thecauses of misdiagnosis, establishing credibility through clinicalstudies, and targeting key markets, YMI aligns both societal impactand financial success.
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 releaseincludes certain information and statements about management's view offuture events, expectations, plans and prospects that constituteforward looking statements. These statements are based uponassumptions that are subject to significant risks and uncertainties.Because of these risks and uncertainties and as a result of a varietyof factors, the actual results, expectations, achievements orperformance may differ materially from those anticipated and indicatedby these forward-looking statements. Any number of factors could causeactual results to differ materially from these forward-lookingstatements as well as future results. Although the Corporationbelieves that the expectations reflected in forward looking statementsare reasonable, it can give no assurances that the expectations of anyforward-looking statements will prove to be correct. Except asrequired by law, the Corporation disclaims any intention and assumesno obligation to update or revise any forward-looking statements toreflect actual results, whether as a result of new information, futureevents, changes in assumptions, changes in factors affecting suchforward-looking statements or otherwise.
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