AISIX Solutions Inc. and Carmanah Wildfire Announce Partnership to Help Communities Build Wildfire Resilience
In addition to this partnership, AISIX Solutions is also pleased to welcome Nick Hill, CEO of Carmanah Wildfire, to the Company's Advisory Board. As part of this appointment, AISIX Solutions has issued 500,000 common shares to Mr. Hill at a price of $0.05 per share, subject to regulatory approval.
'Our collaboration with Carmanah Wildfire will allow us to offer comprehensive, practical wildfire risk services across Canada,' said Mihalis Belantis, CEO of AISIX Solutions. 'We are also very pleased to welcome Nick Hill to our Advisory Board. His deep experience and leadership in wildfire mitigation will be an invaluable asset as AISIX continues to grow this important line of business.'
'This partnership provides an important opportunity to expand our on-the-ground wildfire mitigation work and deliver it to more communities in need,' said Nick Hill, CEO of Carmanah Wildfire and new member of the AISIX Solutions Advisory Board. 'I am honoured to join AISIX's Advisory Board and look forward to working closely with the team to help communities across Canada build wildfire resilience.'
This partnership will bring together AISIX's wildfire risk assessment tools with Carmanah Wildfire's experienced field teams to help communities identify, assess, and mitigate wildfire risks. Together, the organizations will deliver practical solutions that directly support property owners, businesses, and local governments in reducing wildfire exposure.
Key Elements of the Partnership:
The Company also announces the anticipated settlement of an aggregate $70,919 in debt by way of a share issuance, subject to the approval of the TSX Venture Exchange. The Company intends to issue a total of 1,418,380 common shares at a price of $0.05 per share to certain of its contractors who have agreed to the terms of the settlement. The contractors are not directors or officers of the Company.
For more information about AISIX Solutions Inc. and its climate risk solutions, please visit www.aisix.ca or follow the Company on X (formerly Twitter) at @AISIXSolutions or on LinkedIn at linkedin.com/company/aisixsolutionsinc.
About AISIX Solutions Inc.
AISIX Solutions Inc., is a climate risk and data-analytics solutions provider trusted by organizations seeking a more predictive future. Leveraging the advancements of data analytics and risk assessment, AISIX Solutions Inc. is on a mission to provide auditable, explainable, and defensible assessments to help businesses and communities protect their property, assets, and infrastructure from wildfire-related risks. By empowering organizations with wildfire risk insights, AISIX Solutions Inc. aims to foster resilience and sustainability in the face of climate change.
For further information:
Mihalis Belantis, Chief Executive Officer
+1 (604) 620-1051
[email protected]
About Carmanah Wildfire
Carmanah Wildfire is a Wildfire Response and Mitigation Services company that provides expert wildfire mitigation services, offering boots-on-the-ground support for wildfire risk assessments, fuel management, and property-level resilience efforts. Carmanah's experienced wildfire personnel and risk assessors work directly with clients to implement tailored mitigation strategies - including vegetation management, structural hardening, and FireSmart principles - helping build safer, more resilient communities
Forward Looking Statements
Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, the 'forward-looking statements') within the meaning of Canadian securities laws, and is subject to numerous risks, uncertainties, and assumptions, many of which are beyond the Company's control. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words 'may', 'could', 'should', 'would', 'suspect', 'outlook', 'believe', 'anticipate', 'estimate', 'expect', 'intend', 'plan', 'target' and similar words and expressions are used to identify forward-looking information, including the Company's expected product offerings, the functionalities of the AI Climate Risk Consumer Interface and the Company's expected growth opportunities. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, the Company's ability to obtain capital and credit on reasonable terms, the Company's ability to compete and the Company's ability protect its intellectual property rights.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also been assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time.
Media Contact
[email protected]
Investor Relations
[email protected]To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255076
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