Tickers: XTSX:ES
Tags: #Technology, #Blockchain
Vancouver, BC / TheNewswire / April 30, 2019 -- Eight Solutions Inc. (TSXV:ES) ("Eight Solutions" or the "Company") announces the release of its audited consolidated financial results for the year ended December 31, 2018.
2018 Highlights
- Cumul8 platform revenue for the year ended December 31, 2018 increased by 187% compared to the year ended December 31, 2018.
- The official release of the Envision Editor earlier in the year enables users to get faster value from raw data. This "digital transformation" process is usually reserved for either programmers or highly technical people, thus slowing the ability to get rich KPIs from live data. The Envision Editor makes the connection between raw data and a valuable KPI much easier and faster, allowing users without programming skills to quickly create their own unique and complex AI models and surface insights, predictions, and outcomes on the cloud-based Cumul8 dashboard.
- The Company filed a patent application for its Envision Editor during the year ended December 31, 2018. The Envision Editor improves the ability for other companies to use the platform without Cumul8 needing to be an industry expert.
- During the year end December 31, 2018, the Company signed an agreement with a Canadian electrical contracting company in the Smart Building Industry, allowing the Company to branch outside of the forestry and media & entertainment industries.
- The Company also released version 1.6.3 of its Cumul8 Jetstream ("Jetstream") high speed file transfer solution, which gives users the ability to use as much or as little of an organization's available bandwidth based on user-configured parameters and without any artificial throttling by the software. This was the Company's third version update during the year ended December 31, 2018. This version finished key features necessary to compete in 2019 against other products.
About Eight Solutions
Eight Solutions is a technology company bringing fast value to data through achievable AI. With a team of Media and Entertainment industry veterans, Eight Solutions brings together the 'fast to excitement' and 'ease of use' philosophies learned from years of producing the world's biggest video games and the experience of handling immense volumes of VFX data while working on Hollywood blockbuster movies. The Eight Solutions product portfolio includes Cumul8, an AI-driven live 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 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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