30-04-2025
- Business
- The Market Online
Aisix Solutions signs deal to expand climate data market penetration
Artificial intelligence (AI) stock Aisix Solutions (TSXV:AISX) has signed a data licensing agreement with RedZone Software LLC, a U.S.-based provider of wildfire and natural disaster risk modeling technology
Under the agreement, Aisix will provide RedZone with proprietary climate risk datasets, specifically burn probability and fire intensity data for Alberta and British Columbia
Aisix's wildfire data can identify high-risk areas by analyzing historical wildfire behavior and projecting future patterns shaped by climate change.
Aisix stock (TSXV:AISX) last traded at $0.03
Artificial intelligence (AI) stock Aisix Solutions (TSXV:AISX) has signed a data licensing agreement with RedZone Software LLC, a U.S.-based provider of wildfire and natural disaster risk modeling technology.
This contract marks a significant step in expanding Aisix's market presence within the growing climate intelligence sector.
Under the agreement, Aisix will provide RedZone with proprietary climate risk datasets, specifically burn probability and fire intensity data for Alberta and British Columbia. These datasets will be integrated into RedZone's fire risk analytics platform, enabling enterprise and government clients across Canada to access actionable insights for enhanced decision-making and climate resilience.
The deal also includes provisions for future geographic and product line expansion. RedZone may extend access to data for additional Canadian provinces and climate scenarios, further increasing AISIX's addressable market. This contract can help strengthen Aisix's position as a key data provider to platforms that power climate resilience and risk-informed decision-making. How Aisix's platform works
Aisix's wildfire data can identify high-risk areas by analyzing historical wildfire behavior and projecting future patterns shaped by climate change. This analysis uses advanced machine learning, physical-based modeling, and climate change projections to pinpoint locations facing the highest wildfire probability. The data workflow includes the application of Cell2Fire2, an advancement of BurnP3+, simulating wildfire behavior at a country scale according to historic and projected climate patterns.
'This agreement is a strong validation of the commercial value and quality of AISIX's data assets,' AISIX Solutions' CEO, Mihalis Belantis said in a news release. 'RedZone's decision to incorporate our data into their wildfire reporting tools expands our reach into new customer segments and aligns with our strategy to scale recurring, high-margin licensing revenue.' About Aisix Solutions
Aisix Solutions helps people, businesses and governments around the world analyze, manage and mitigate climate-related risks.
Aisix stock (TSXV:AISX) last traded at $0.03 and has risen 25 per cent since the year began, but has lost 37.50 per cent since this time last year.
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(Top image via Aisix Solutions Inc.)
