Wildfire 2.0 Dataset Sparks Interest at CatIQ Event

Thursday, February 15, Aisix Solutions Inc. (AISX:TSX.V; AISXF:OTCQB) unveiled to the public a belated Valentine's Day gift when it announced it had effectively showcased its Wildfire 2.0 dataset at Toronto's 2024 CatIQ Connect conference.  

CatIQ is a conference dedicated to companies that manage disasters before, during, and after these events. According to the conference, "overall themes are on preparedness and resiliency, available tools, and impacted stakeholders and policymakers working together for the greater good of all Canadians."

After giving their presentation, Aisix Solutions saw a big increase in attendees wanting to learn more about their Wildfire 2.0 dataset product.

Many different companies asked Aisix Solutions to give them personal demonstrations and explain more about the dataset. Aisix believes this high level of interest shows that Aisix Solutions is going in the right direction with its work on modeling climate risk data and confirms that the company's innovative solutions for complex environmental problems are filling an important need in the industry.

Verdantix also shared data showing sector growth as it forecasts the market's value will reach US$4 billion (US$4B) in 2027, up 354% from US$880 million in 2021.

In light of this, CEO Mihalis Belantis commented, "The event was further enriched by the attendance of representatives from the Canadian government and leaders from Indigenous communities. It served not only as an unparalleled networking platform but also as a critical educational experience, offering deep insights into the forefront of climate risk management."

The press release noted that the enthusiastic reception of AISIX Solutions' Wildfire 2.0 dataset product at the CatIQ Conference highlights the vital importance of cutting-edge science in bolstering readiness and reaction plans for disasters as the climate crisis escalates. 

"Aisix Solutions remains dedicated to pushing the boundaries of climate risk analysis, offering stakeholders the tools required for effective risk mitigation and strategic planning," the release stated.

Technical Analyst Maund recommended Aisix as a Strong Speculative Buy in October when it was trading at about CA$0.075 per share, a little higher than its current price.

"Aisix is still in a bull market and is believed to be at a favorable buy spot," he wrote.

Why This Sector?

According to Scott St.George of WTW Research Network, there is an increased demand for climate risk technology. 

He wrote, "In the aggregate, events like these carry an outrageously high price tag. Worldwide, the economic cost of weather and climate disasters was nearly US$1.5 trillion over the decade 2010-2019." St. George continued, "It’s no surprise the demand for climate analytics is booming. This past year, climate risk management attracted $343 million in new investment, with increasing contributions from later-stage capital."

Verdantix also shared data showing sector growth as it forecasts the market's value will reach US$4 billion (US$4B) in 2027, up 354% from US$880 million in 2021.

Upcoming Catalysts

In its January 2024 business update, Aisix announced plans to launch new software focused on risk reporting capabilities. Additionally, Aisix stated its goal to create further data analytics offerings that can provide more comprehensive and precise evaluations of climate threats for clients.

Another priority for Aisix this year is rolling out into additional sectors and markets. 

Ownership and Share Structure

As for the ownership of Aisix, two insiders hold 12.08%, or 9.3 million (9.3M) shares, of the company. They are CEO and Director Belantis with 10.28% or 7.91M shares and Cofounder and Director David Poole with 1.8% or 1.39M shares.

Retail investors own the remaining shares as there are not any institutional owners.

In terms of structure, Aisix has 76.96M shares outstanding and 67.66M free float traded shares.

The firm's market cap is CA$3.14M, and its 52-week trading range is CA$0.02–0.13 per share.

Important Disclosures:

1. Aisix Solutions Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. Katherine DeGilio wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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