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Eight Solutions to Highlight Predictive Analytics through the Cumul8 AI Platform at Upcoming Forest Products Industry Events

Tickers: XTSX:ES
Tags: Blockchain, Technology



Vancouver, BC / TheNewswire / June 5, 2018 - Eight Solutions Inc. (TSXV:ES) ("Eight Solutions" or the "Company"), a technology company offering an Artificial Intelligence (AI) solution anyone can use, will showcase the Cumul8 Industrial Internet of Things (IIoT) and predictive analytics platform at two upcoming Forest Products industry events: OptiSaw and the Canadian Bioeconomy Conference & Exhibition.

OptiSaw is a networking event focused on the optimization and automation of sawmills and attended by those driving the future of sawmill operations, including mill managers and owners, process engineers, continual improvement managers, optimization staff, and researchers. Rory Armes, CEO of Eight Solutions, is a featured speaker and will be discussing how the Cumul8 platform can help sawmill operators move from theory to reality for using big data and Artificial Intelligence (AI) throughout the process of converting logs to finished lumber. Through the real-time and predictive insights enabled by Cumul8, these operators can better understand and optimize the manufacturing process in order to take data-informed action for increasing output, reducing operational downtime, and better utilizing assets.

The Cumul8 platform will also be featured as part of the BID Group's ("BID") exhibit at the Canadian Bioeconomy Conference & Exhibition, which is the largest and longest running event focusing on the emerging bioenergy sector in Canada. BID is the leading integrated supplier to the industry and a valued Cumul8 partner. Cumul8 is embedded in all new equipment sold by BID, which enables data from these machines to be easily collected, visualized, and analyzed through the platform. The relationship between Cumul8 and BID represents the first turnkey and truly integrated IIoT solution available to the Forest Products industry.

Both OptiSaw and the Canadian Bioeconomy Conference & Exhibition provide the opportunity for Cumul8 to highlight the potential of AI for overall business and industry transformation. Rory Armes said, "The world of predictive analytics is in its nascency, but Cumul8 is demonstrating today the application of deep data models for predicting asset and operational health. It will be exciting to share our story with attendees and how we have helped companies save real dollars in downtime costs through AI."

OptiSaw takes place on June 5, 2018 at the Sheraton Vancouver Airport Hotel in Richmond, British Columbia and the Canadian Bioeconomy Conference & Exhibition takes place from June 6-8, 2018 at the Prince George Civic Centre in Prince George, British Columbia.

About Eight Solutions

Eight Solutions is a technology company offering Artificial Intelligence (AI) for everyone. With a focus on AI, data analytics, and data distribution, Eight Solutions brings together highly visual and user-centric solutions designed and developed by a team of media and entertainment industry veterans with a combined 60+ years of experience working on the world's most successful films and video games. The Eight Solutions product portfolio includes Cumul8, an Industrial Internet of Things (IIoT) and predictive analytics platform providing real-time and predictive insights that help businesses harness and realize operational value from their data; and Jetstream, a secure high speed file transfer application enabling users to focus on their own work product rather than how it is delivered. For more information, visit www.eightsolutions.com.

On Behalf of the Board of Directors

(signed) "Rory Armes"

Rory Armes

Chief Executive Officer, President and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Although Eight believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

For more Information, please contact:

Investor Relations

investor.relations@eightsolutions.com

Suite 100, 138 East 7th Avenue

Vancouver, British Columbia, V5T 1M6

Phone: (604) 669-8885

Fax: (604) 669-8855

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