VANCOUVER, BC, Dec. 16, 2021 /CNW/ - Minerva
Intelligence Inc. (TSXV:MVAI) ("Minerva" or the "Company"), an
artificial intelligence software company focused on building
decision support tools for climate risk, mineral exploration and
mining, is pleased to announce that it has added Marvin Pestcoe to its Board of Directors.
Marvin is an experienced board director and executive with more
than thirty-five years of insurance industry experience and fifteen
years of cumulative service on private boards including Hamilton
Insurance Group and LanghorneRe. He retired as CEO of LanghorneRe
in June of this year. Prior to that, he held various executive
roles at PartnerRe including Chief Risk and Actuarial Officer, CEO
Life, Health and Chief Investment Officer.
"When Marvin reached out to express his interest in learning
more about Minerva's novel approach to understanding physical
climate risks faced by insurers globally, it was abundantly clear
that his breadth of experience and relationships would be
invaluable to Minerva. We couldn't have found a better candidate to
add to our Board of Directors if we searched high and low, and to
our amazement he found us," said Scott
Tillman, CEO of Minerva Intelligence. "We will lean heavily
on his tremendous industry experience and knowledge as we continue
to see strong momentum in both our Economic Geology and Climate
Risk divisions. Our commercialization strategy continues to drive
strong revenue growth heading into 2022 and expect Marvin to
leverage his strong relationships in the insurance and reinsurance
industry to further Minerva's goal of becoming the leading Climate
Risk analysis tool available on the market."
"I am excited to be working with Scott and the Minerva team.
Minerva has a track record of combining powerful data analytic
tools with deep domain expertise in the physical sciences," said
Marvin Pestcoe. "What really sets
Minerva apart is their ability to work with difficult and sparse
data sets and their focus on producing outputs with the explanatory
power needed to support business decision making. I'm
especially excited to be joining as Minerva continues to expand
their scope into new areas."
In addition, the Company has announced that Craig Tuckman has resigned from the Board of
Directors though plans to maintain an active role consulting with
the Company moving forward.
"We thank Craig for his insight and guidance during his tenure."
said Scott Tillman.
About Minerva Intelligence, Inc.
Minerva Intelligence Inc. is a knowledge engineering company
based in Vancouver, Canada, with a
subsidiary office in Darmstadt, Germany. Their proprietary evidence-based
decision-making software is bringing the benefits of artificial
intelligence technology to industries dependent on reasoning with
complex technical and scientific data.
Although Minerva's applications currently focus on earth
science-related domains including natural hazards and mineral
exploration, their technology has application in diverse
industries and domains.
Minerva's common shares are currently listed on the TSX Venture
(symbol MVAI).
For further details, please refer to their website
(www.minervaintelligence.com).
This news release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The
securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities laws and may not be
offered or sold within the United States or to, or for
the account or benefit of, "U.S. persons," as such term is defined
in Regulation S under the U.S. Securities Act, unless an exemption
from such registration is available.
Cautionary Note Regarding Forward-Looking Statements
Forward Looking Information: This news release includes
certain information that may be deemed "forward-looking
information". Forward-looking information can generally be
identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. All information in this
release, other than information of historical facts, including,
without limitation, the availability of financing to the Company
are forward-looking information that involve various risks and
uncertainties. Although the Company believes that the expectations
expressed in such forward-looking information are based on
reasonable assumptions, such expectations are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking information.
Forward-looking information is based on a number of material
factors and assumptions. Factors that could cause actual results to
differ materially from the forward-looking information include
changes in project parameters as plans continue to be refined,
future metal prices, availability of capital and financing on
acceptable terms, general economic, market or business conditions,
regulatory changes, delays in receiving approvals, and other risks
detailed herein and from time to time in the filings made by the
Company with securities regulatory authorities in Canada.
Mineral exploration and development of mines is an inherently risky
business. Accordingly, actual events may differ materially from
those projected in the forward-looking information. For more
information on the Company and the risks and challenges of our
business, investors should review our continuous disclosure filings
which are available at www.sedar.com. Readers are cautioned
not to place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking
information, except in accordance with applicable securities
laws.
The TSX Venture Exchange has neither approved nor disapproved
of the contents of this press release. Neither 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 press
release.
SOURCE Minerva Intelligence Inc.
