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AISIX Solutions Announces Wildfire 3.0: Next-Generation AI for Enhanced Wildfire Prediction and Risk Management for Insurance Companies and Communities
VANCOUVER, BRITISH COLUMBIA - January 15, 2025 (NEWMEDIAWIRE) - AISIX Solutions Inc. (TSXV: AISX) (OTCQB: AISXF) (FSE: QT7), a leading provider of AI-driven climate risk and data analytics solutions, is excited to announce the upcoming launch of Wildfire 3.0, the latest evolution in its suite of wildfire prediction and risk management tools. Wildfire 3.0 is anticipated to be released in Q1 2025, with an early release on February 1st.
Building upon the success of Wildfire 2.0, Wildfire 3.0 integrates advanced artificial intelligence, machine learning, probabilistic and physically based modeling algorithms to deliver wildfire probability, intensity and expected losses according to current and future climatic conditions.
AISIX has significantly reduced computational time for delivering Wildfire 3.0 making use of advanced cloud computing resources and integrating AISIX's new fire growth software Cell2Fire2 an advancement in fire modeling that better simulates the spread of large fires.
Wildfire 3.0 empowers governments, businesses, and communities to proactively manage wildfire risks, safeguarding lives, property, and natural resources. The insurance sector can especially benefit from Wildfire 3.0, due to its capability of delivering expected losses according to different scenarios.
Key Features of Wildfire 3.0:
- Current and future burn probability according to different possible climate change scenarios
- Current and future fire intensity according to different possible climate change scenarios
- Weather conditions and fire size for each simulated fire
- Number of historical small (<200 hectares) and large (>200 hectares) fires
Furthermore, Wildfire 3.0 includes an intuitive platform accessible to both technical experts and non-specialists, and the dataset is scalable to support expansion to geographic regions beyond Canada.
"The development of Wildfire 3.0 represents our commitment to advancing climate resilience through innovative AI solutions," said Mihalis Belantis, CEO of AISIX Solutions. "By enhancing predictive capabilities, we aim to provide stakeholders with the tools necessary to mitigate the devastating impacts of wildfires."
AISIX Solutions continues to collaborate with industry partners and research institutions to refine and expand its climate risk assessment offerings. The company remains dedicated to delivering state-of-the-art solutions that address the evolving challenges posed by climate change.
For more information about Wildfire 3.0 and other AISIX Solutions products, please visit www.aisix.ca.
About AISIX Solutions
AISIX Solutions is a leading global climate risk and data analytics solutions provider, trusted by organizations seeking a more predictive future. Leveraging advancements in artificial intelligence, data analytics, and risk assessment, AISIX Solutions is on a mission to provide accurate assessments to help people, businesses, and governments effectively analyze, manage, and mitigate climate-related risks. By empowering organizations with real-time insights, AISIX Solutions aims to foster resilience and sustainability in the face of climate change.
Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, the "forward-looking statements") within the meaning of Canadian securities laws and is subject to numerous risks, uncertainties, and assumptions, many of which are beyond the Company's control. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates, and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information, including the Company's expected product offerings, the functionalities of Wildfire 3.0, and the Company's expected growth opportunities. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees, and affiliates, the Company's ability to obtain capital and credit on reasonable terms, the Company's ability to compete, and the Company's ability to protect its intellectual property rights.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also been assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the reader is cautioned that such assumptions may prove to be incorrect. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws
