Tickers: XTSX:ES
Tags: Blockchain, Technology
VANCOUVER, BC / TheNewswire / August 30, 2018 -- Eight Solutions Inc. (TSXV:ES) ("Eight Solutions" or the "Company") announces the release of its unaudited consolidated interim financial results for the three and six months ended June 30, 2018. All figures are in Canadian dollars.
Q2 2018 Highlights
- During the three months ended June 30, 2018, two new prominent companies in their respective industries signed software license agreements for the cloud-based Cumul8 data analytics and Industrial Internet of Things (IIoT) platform.
- Cumul8 platform revenue for the three months ended June 30, 2018 increased by 138% compared to three months ended March 31, 2018, and increased by over 300% compared to the three months ended June 30, 2017
- Cumul8 platform revenue for the six months ended June 30, 2018 increased by 248% compared to the six months ended June 30, 2017.
- The Company launched the Envision Pipeline Editor ("Envision Editor") on its Cumul8 predictive analytics and IIoT platform. The Envision Editor allows users without programming skills to quickly create their own unique and complex AI models, surfacing insights, predictions, and outcomes on the cloud-based Cumul8 dashboard.
- The Company also released version 1.4 of its Cumul8 Jetstream ("Jetstream") high speed transfer solution which enables users to quickly, easily, and securely share large volumes of data which introduces a robust system to manage transfer logs and safekeep all transaction history
About Eight Solutions
Eight Solutions is a technology company on a mission to make data easy. With a focus on data analytics and data distribution, Eight Solutions brings together highly visual and user-centric solutions designed and developed by a team of entertainment and gaming 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) data analytics platform providing real-time and predictive insights that help businesses imagine and realize speed to value with 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
"Rory Armes"
Rory Armes
Chief Executive Officer, President and Director
Neither the 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" "can" and other similar words, or statements that certain events or conditions "may" occur. Although Eight Solutions 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
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