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 the monthly sales results of its AI software DRIVER for the month of June 2022.
DRIVER software is licensed on an annual recurring basis, allowing Minerva to build and maintain customer relationships as well as a reliable revenue stream. Minerva offers three license levels for end-user clients of varying size, as well as an upgradable limited-term Proof-of-Concept license. The table below has been simplified from the last release based on investor feedback.
| 2022 | Q1 | April | May | June | YTD |
| Demonstrations | 40 | 18 | 13 | 27 | 98 |
| Proof of Concept Sold | 4 | 2 | 1 | 2 | 9 |
| Annual Licenses Sold | 1 | 2 | 1 | 0 | 4 |
| DRIVER POC’s & Licenses Sold | 5 | 4 | 2 | 2 | 13 |
Minerva CEO Scott Tillman commented “Our demonstrations in the month of June have close to doubled since both April and May. We have seen that the more demonstrations our team is able to perform directly reflects the amount of proof of concepts sold as well as annual licenses sold. Our DRIVER product continues to be extremely well received in the industry as we had a very successful time at the PDAC conference in Toronto this past month. I strongly believe that the hard work put in by our team to get the DRIVER product out to more potential customers will show positive returns over the summer.”
DRIVER is Minerva’s proprietary AI product developed to service the mineral exploration and mining industry by helping them better evaluate drill data to pinpoint superior drill targets, understand geometallurgical domains, and conduct more thorough, rapid, accurate 3D modeling. DRIVER combines cloud processing capabilities with Minerva’s proprietary machine learning technology to automatically evaluate the spatial continuity present in geological numeric data. DRIVER automatically creates 3D models of all aspects of the dataset within a matter of minutes, and automatically identifies and catalogues the important zones of interest. These insights are incredibly valuable for exploration, metallurgy, environmental protection, and mining. Minerva’s partnership and business development team is targeting qualified leads at mining, mineral exploration and mineral streaming companies around the world.
More information on DRIVER can be found on Minerva’s DRIVER homepage, www.minervaintelligence.com/DRIVER
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