Azincourt Partners with FOBI to Utilize AI and Data Analytics at the East Preston Uranium Project
24 September 2021 - 8:00PM
AZINCOURT ENERGY CORP. (“Azincourt” or the
“Company”)
(TSX.V: AAZ, OTC: AZURF), is pleased to
announce that it has entered into a data consulting agreement with
FOBI AI Inc. (TSX.V: FOBI), a global leader in providing real-time
data analytics through artificial intelligence (“AI”) to drive
operational efficiencies and profitability.
FOBI will assist Azincourt in the development of
an operational intelligence platform to help transform legacy and
in some cases antiquated but commonly used practices in the mining
and exploration sector. FOBI will introduce the use of
artificial intelligence applications and data mining techniques
that analyze vast amounts of aggregated data, detecting patterns
and consistencies that may not be readily apparent otherwise, and
can potentially provide more efficient road maps to allow the
Company to generate more impactful drill holes in less time, and
with less cost.
The 1-year, $250,000 contract with FOBI will
allow Azincourt to benefit from FOBI’s experience developing and
deploying real-time applications and operational solutions across
various data applications at scale. FOBI will architect and deploy
it’s established AI and operational applications in an effort to
support Azincourt’s goal of making discovery and delineating a
resource at its East Preston uranium project.
“This partnership with FOBI AI gives
Azincourt the opportunity to apply leading edge
technologies to our efforts at East Preston,” said CEO, Alex
Klenman. “I think it’s incumbent upon us to explore new exploration
techniques that can help guide us towards significant discoveries.
Artificial Intelligence, machine learning algorithms and rapid big
data analysis clearly have a place in our future and we’re eager to
apply these new techniques to uranium exploration. There are
multiple applications we can utilize here, and I’m excited to begin
working with FOBI and their innovative team. I think this is a
tremendous opportunity to Azincourt,” continued Mr. Klenman
“I see the exploration and mining sector as a
very lucrative opportunity for FOBI,” said Rob Anson, CEO of FOBI.
“This agreement with Azincourt will allow FOBI to
demonstrate the power of our real-time operational data
applications and real time analytics and insights to provide
Azincourt with leading edge technology, strategies, and necessary
applications to streamline and automate manual current
applications. FOBI will continue to drive new innovation and best
practices to improve the industries existing antiquated operational
and data systems. The powerful combination of FOBI’s artificial
intelligence and real time big data applications will be key to
enabling Azincourt to make faster, smarter, data driven decisions
which ultimate will be key to driving further success in regard to
the Company’s operational efficiencies and performance,” continued
Mr. Anson.
About FOBI
FOBI is a cutting-edge data intelligence company
that helps clients turn real-time data into actionable insights and
personalized customer engagement to generate increased profits.
FOBI’s unique IoT device has the ability to integrate seamlessly
into existing infrastructure to enable data connectivity across
online and on-premises platforms creating highly scalable solutions
for our global clients. FOBI partners with some of the largest
companies in the world to deliver best-in-class solutions and
operates globally in the retail, telecom, sports &
entertainment, casino gaming, and hospitality & tourism
industries. For more information, please visit www.fobi.ai.
About Azincourt Energy
Corp.
Azincourt Energy is a Canadian-based resource
company specializing in the strategic acquisition, exploration, and
development of alternative energy/fuel projects, including uranium,
lithium, and other critical clean energy elements. The Company is
currently active at its majority-owned East Preston uranium project
in the western Athabasca Basin, Saskatchewan, Canada, and the
Escalera Group uranium-lithium project located on the Picotani
Plateau in southeastern Peru.
ON BEHALF OF THE BOARD OF AZINCOURT
ENERGY CORP.
“Alex Klenman”Alex Klenman, President
& CEONeither the TSX Venture Exchange nor its
regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This press release includes “forward-looking
statements”, including forecasts, estimates, expectations and
objectives for future operations that are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of Azincourt. Investors are cautioned that any such
statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected
in the forward-looking statements. Such forward-looking
information represents management’s best judgment based on
information currently available. No forward-looking statement
can be guaranteed, and actual future results may vary
materially.
For further information please
contact:
Alex Klenman, President & CEOTel:
604-638-8063info@azincourtenergy.com
Azincourt Energy Corp.1430 – 800 West Pender
StreetVancouver, BC V6C
2V6www.azincourtenergy.com
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