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AISIX Solutions Inc. Secures Contract With an S&P 500 Company to Provide Wildfire Risk Modeling Data
NewMediaWire · The Newswire

In This Article:

VANCOUVER, BRITISH COLUMBIA - February 25, 2025 (NEWMEDIAWIRE) - AISIX Solutions Inc., ("AISIX" or "the Company" (TSXV: AISX) (OTCQB: AISXF) (FSE: QT7), a Canadian leader in climate risk and data analytics, has entered into a contract dated February 18, 2025 with the Climate Risk division of an S&P 500 company to provide wildfire modeling data. This marks a major milestone in AISIX's revenue and roadmap to expand its climate risk solutions for global organizations.

"We are honored to provide Canadian wildfire climate data to a global insurance and professional services company," said Mihalis Belantis, CEO of AISIX Solutions. "This project underscores our commitment to equipping S&P 500 companies with actionable climate data, and we believe it validates our offering while creating opportunities with additional S&P 500 companies," added Mr. Belantis.

AISIX will provide its wildfire modeling data that delivers burn probabilities, fire footprints and weather conditions for each modelled fire. The project, designed in two phases, will initially focus on Alberta's wildfire conditions before scaling to provide national coverage across Canada.

Key Deliverables Include:

- Fire Footprints: vectorized data representing synthetic wildfire burnt area across Canada.

- Annual Burn Probability Data: 250-meter resolution raster maps offering insights into fire occurrence probabilities.

- Weather conditions: comma-separated value (CSV) files containing weather conditions of each modeled fire.

- Phased Rollout: Alberta data delivery within 68 weeks of project initiation, followed by national coverage.

AISIX's fire simulation model generates millions of fire footprints, enabling organizations to identify ignition patterns, track burn areas, and assess potential impacts. Data will be delivered in industry-standard formats to allow for integration with existing climate risk assessment tools. The financial terms of the contract are commercially sensitive.

Insurance providers, Wildfire 3.0 is Here:

Traditional wildfire insurance models are not keeping pace with increasing losses. AISIX Solutions provides wildfire risk intelligence for insurers requiring accuracy and efficiency.

- Risk Assessment - AI-driven burn probabilities and fire footprints support underwriting and catastrophe modeling.

- Portfolio Management - Climate data informs pricing, risk transfer, and reinsurance strategies.

- Analytics Integration - Wildfire modeling adapts to changing risk factors.

"The stakes are high. Proactive risk management is essential," said Mr. Belantis.