Business
DM EVS Announces a Five-Year Partnership Agreement with the Holiday Inn Vancouver
Toronto, Ontario--(Newsfile Corp. - June 1, 2023) - Datametrex AI Limited  (TSXV: DM) (FSE...
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[{"type":"text","content":"DM EVS Announces a Five-Year Partnership Agreement with the Holiday Inn VancouverToronto, Ontario--(Newsfile Corp. - June 1, 2023) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the \"Company\" or \"Datametrex'') is thrilled to announce the signing of a five-year partnership agreement with the Holiday Inn Vancouver Centre, c/o the InterContinental Hotels Group (\"IHG\"). The agreement, executed on May 30, 2023, solidifies the Company's wholly-owned subsidiary, Datametrex Electric Vehicle Solutions Inc. (\"DM EVS\"), as the exclusive provider of EV charging services for Holiday Inn's Vancouver West Broadway establishment, with potential plans to continue this partnership with its other branches.Under the terms of the agreement, DM EVS will install chargers on the Holiday Inn's property and will be providing guests and visitors with convenient access to reliable EV charging infrastructure. DM EVS will operate for the Holiday Inn Vancouver for the initial five (5) years to ensure a seamless and efficient charging experience for EV users. Subsequent contracts will be automatically extended annually.With this collaboration, the Company is exposed to a larger pool of consumers, and more visibility being located on the hotel's property. Due to this, the Company anticipates significant profits and revenue growth. By catering to the demand for the EV charging infrastructure, the Company expects a substantial surge in revenue streams. As part of the agreement, DM EVS will be entitled to 100% of the revenue generated from EV charging operations and carbon credits.IHG Group, renowned for its global presence and diverse portfolio of premium, luxury, and essential hotel chains, including the esteemed Holiday Inn brand, offers an exceptional opportunity for DM EVS to expand its customer base and enhance its revenue potential.The partnership with IHG follows DM EVS's recent announcement of its collaboration with Rewatt Power on May 23, 2023. By leveraging the Government carbon incentives and now catering to a larger client base, DM EVS is poised to accelerate its revenue and maximize profitability. This collaboration not only reinforces DM EVS's strong presence in the EV industry but also paves the way for future collaborations with other Holiday Inn and IHG hotels in North America.IHG hotels and resorts is one of ...