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DIAGNOS Announces Agreement to Analyse Plan North of Quebec Exploration Data(October 25, 2011)
BROSSARD, QUEBEC, CANADA -- (Marketwire) -- 10/25/11 -- DIAGNOS inc. ("DIAGNOS" or "the Corporation") (TSX VENTURE:ADK), a leader in the use of artificial intelligence and advanced knowledge-extraction techniques, is pleased to announce the signature of a services agreement with an undisclosed strategic partner located in Ontario, Canada, for a value of C$540,000 in data analysis and C$3,000,000 of field work commitment for 2012.
DIAGNOS will use its proprietary Computer Aided Resource Detection System (CARDS) to target the mineral potential of the remote, sparsely staked northern portion of the province of Quebec. The work will consist of compiling, processing, and merging available geological, geochemical, geophysical, and topographical data as well as satellite imagery of the area. DIAGNOS will also acquire data sets contingent to the new road development that the Quebec government announced in March 2011 as part of the "Plan Nord". As stated on the official Plan Nord website; "Mining operations are a major component of the economy of Northern Quebec and Quebec as a whole. Northern Quebec produces all of Quebec's nickel, cobalt, platinum group metals, zinc, iron ore and ilmenite, and accounts for a significant portion of gold production. Lithium, vanadium and rare-earth metals, used increasingly in numerous fields related to energy, transportation and high technology, are also found there. In addition, the territory has high potential for uranium and diamonds, as development projects in the Otish Mountains region reveal".
"We have been working on this project for the last 12 months and are very pleased to partner with an organisation that values the opportunity of the Plan North. We will be analysing almost 64,000 square kilometres of land. This is the largest data analysis contract we have ever done." noted Andre Larente, President and CEO of Diagnos.
Founded in 1998, DIAGNOS is a publicly traded Canadian corporation (TSX: ADK), with a mission to commercialize technologies combining contextual imaging and traditional data mining thereby improving decision making processes. DIAGNOS offers products, services, and solutions to clients in a variety of fields including healthcare, natural resources, and entertainment.
This document contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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