The upgrade of AMI RockChain's proprietary technologies ('RockChainTM 2.0') which increases the speed and accuracy of its supply chain algorithms to support increased demand by customers and industry users.
'The frequency of RockChain bids has accelerated dramatically year-to-date, and we are now bidding numerous projects daily. With this increased activity, we have improved the automation of our supply chain processes in terms of speed and accuracy. Our most recent system upgrade was launched this month, which we deem 'RockChain 2.0'. We are capable of rapidly providing our customers with smart bids replete with market intelligence on aggregates for target locations across the country and underpinned by regional econometric data. It is exciting to see how the technology advancements and our operational excellence model are working hand-in-glove, as we bring reliable and extremely competitive delivery solutions to industry.'
In terms of other corporate news, AMI Aggregates, the Corporation's base division, recently received final provincial approvals for development and operation of the Hargwen aggregates pit located between
ABOUT
AMI Aggregates division produces and sells aggregates out of its corporate pits and manages the
AMI Silica division (www.amisilica.com) is positioning to become a leading supplier of premium domestic silica sand with three regional deposits located in
o Privco1 & Privco2 are private
AMI RockChain division (www.amirockchain.com) is a midstream, technology-enabled business that deploys its proprietary RockChain digital platform, associated industry econometrics, supply-chain algorithms, quality-assurance & safety programs to bring customers integrated supply-delivery solutions of industrial minerals to industry, infrastructure and construction sectors.
TerraShift Engineering (www.terrashift.ca) was acquired by AMI RockChain in
Contact:
Tel: 587-391-0548
FORWARD LOOKING STATEMENTS
This news release contains certain statements or disclosures relating to Athabasca that are based on the expectations of its management as well as assumptions made by and information currently available to Athabasca which may constitute forward-looking statements or information ('forward-looking statements') under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that Athabasca anticipates or expects may, or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words 'would', 'will', 'anticipates', believes', 'explores' and similar expressions.
Athabasca believes the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation: a significant expansion in COVID-19 restricting or prohibiting the operation of the Athabasca's facilities or significantly impacting the Company's supply chain; the duration and extent of the relatively low global oil prices; general economic, market and business conditions including those in the event of an epidemic, natural disaster or other event; increased costs and expenses; reliance on industry partners and certain other risks detailed from time to time in Athabasca's public disclosure documents including, without limitation, those risks identified in this news release, and in Athabasca's annual information form, copies of which are available on Athabasca's SEDAR profile at www.sedar.com. Moreover, the duration and impact of the COVID-19 pandemic is unknown at this time and it is not possible to reliably estimate the length and severity of these developments and the impact on the financial results and condition of the Company. Readers are cautioned that the foregoing list of factors is not exhaustive and are cautioned not to place undue reliance on these forward-looking statements.
The forward-looking statements contained in this news release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
(C) 2021 Electronic News Publishing, source