AISIX SOLUTIONS ANNOUNCES THE LAUNCH OF WILDFIRE 2.0: THE NEXT GENERATION OF CLIMATE RISK DATA SET FOR CANADA

Vancouver, British Columbia, Feb. 01, 2024 (GLOBE NEWSWIRE) -- AISIX Solutions Inc., (“AISIX” or “the Company”) (TSXV: AISX) (OTCQB: AISXF) (FSE: QT7), a leading global climate risk and data-analytics solutions provider, is proud to announce the release of Wildfire 2.0, a revolutionary climate risk data set. This advanced tool is designed to provide unparalleled insights into wildfire risks, aiding in the effective planning and mitigation strategies for communities and businesses.

AISIX Wildfire 2.0 provides probabilities of wildfire across Canada by incorporating fire ignitions and spread. The dataset also includes historical fire and weather information, along with a 1-to-5 score that considers past fire occurrences and future fire probabilities. This dataset is unique in Canada, offering a valuable tool for insurance professionals, real estate agents, and the public to assess their fire risk and understand how it is evolving due to climate change.

AISIX’s wildfire data layer is generated by building on the state-of-the-art Canadian Forest Service workflow, using the Burn-P3 (Probability, Prediction, and Planning) software. Burn-P3 combines the physically-based fire spread model, Prometheus, with a stochastic approach to determining burn probability, simulating billions of synthetic fire events across climatological, morphological, and biophysical conditions to deliver burn probabilities. AISIX’s workflow aggregates independent burn scenarios to stochastically determine burn probability for the entirety of Canada. Burn-P3 and its evolution, Burn-P3+, are currently used and validated in Canada and internationally, and documented in manuals, reports, and peer-reviewed publications. By using a proprietary data pipeline, burn probability is systematically modelled for any location in Canada.

Once modelling is complete, post-processing is performed on the burn probability dataset to detect and correct boundary artefacts between simulation domains and extrapolates burn probability into the wildland urban interfaces (WUI) of different population centres. Rigorous validation of simulation statistics ensures model performance is evaluated at a local scale and as a pan-Canadian aggregate of burn probability to inform ongoing model refinement and development.

Key Features of Wildfire 2.0:

Wildfire burn probability and wildfire risk scores
Cumulative wildfire burn probabilities over 1, 10, and 30 years
Average Burn Probabilities within 10km
No. of Small Historical Fires (<200 hectares)
No. of Large Historical Fires (>200 hectares)
250m resolution for all of Canada
Based on more than 400 thousand historic fire locations and over 400 billion simulated fires
Builds on top of Canadian Forest Service methodologies that are internationally validated and peer-reviewed

"We understand the increasing importance of accurate climate risk data in today’s rapidly changing environment," said Mihalis Belantis, CEO of AISIX Solutions. "Wildfire 2.0 is more than a data set; it's a crucial tool for governments, businesses, and communities to make informed decisions that could save properties, ecosystems, and lives."

Wildfire 2.0 is the result of extensive work and research of leading climate experts and data scientists. It represents a significant step forward in AISIX Solutions' commitment to providing cutting-edge tools for climate risk assessment.

The release of Wildfire 2.0 is not only a testament to AISIX Solutions' innovation in climate risk technology but also reinforces the company's dedication to fostering resilience and preparedness in the face of climate challenges. For more information about AISIX Solutions and its climate risk solutions, please visit our website www.aisix.ca or follow us on Twitter or LinkedIn.

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 the advancements of 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.

For further information:
Mihalis Belantis, Chief Executive Officer
+1 (604) 620-1051
[email protected]

Forward Looking Statements

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 the AI Climate Risk Consumer Interface 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 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 list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time.

Media Contact

[email protected]

Investor Relations

[email protected]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release