Mr. James Durward reports
NDATALYZE CORP. ("NDAT" OR THE "CORPORATION") (CSE:NDAT) (OTC:NDATF) TO FOCUS ON REVENUES AND REFERENCE DATABASE EXPANSION
After careful consideration, Ndatalyze Corp. has decided to conclude its collaboration with the Canadian Mental Health Association (CMHA), effective immediately. Despite initial plans being in place for some time, unforeseen administrative delays at CMHA have unfortunately prevented the commencement of the study and the corporation has determined that the projected timeline for the study's completion is no longer feasible. It is important to note that no data exchange occurred, and Ndatalyze did not incur any expenses related to the CMHA as the study had not yet begun. The allocated funds for this study will be redirected to our general working capital account while the corporation explores database expansion with a United States institution that will align with the company's recent acquisition of MindBalanced Inc. and its United States operations. The clinical study conducted in collaboration with York University, focusing on DNA integration into the YMI reference database, continues.
James Durward, chief executive officer/chief technology officer states: "It's very important that we focus on two things going forward: revenue growth through our Mindbalanced subsidiary, and the continued expansion our purpose-specific proprietary reference database. While large language models like ChatGPT are very effective for general purpose tasks, they're trained on very noisy, Internet-based data, and this can lead to poor quality results when dealing with complex technical issues. As famed computer scientist
Peter Norvig
states 'more data beats better algorithms, but better data beats more data,' and this reflects our opinion that clean, consistent data is key to high-quality results. This is why we built our reference database in the first place."
About Mindbalanced Inc.
Mindbalanced's vision is to redefine mental health care through an integrative, personalized approach leveraging cutting-edge technology and non-invasive treatment protocols. By harnessing evidence-based data the company aims to predict and enhance mental well-being, taking into account individual predispositions and environmental factors thereby fostering healthier and more fulfilling lives for all.
We seek Safe Harbor.
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