BUSINESS: Sheela Foam Ltd., NSE: SFL, Chooses Deepspatial Inc. To Expand Markets And Grow

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

Daniel Webster, dWeb.News Publisher

TORONTO–(BUSINESS WIRE)–Deepspatial Inc. (CSE:DSAI) (OTCQB:DSAIF) (“Deepspatial” or the “Company”) is pleased to announce that Sheela Foam Ltd. has chosen Deepspatial to provide its AI-driven solutions to assist in market expansion and business growth, with the expectation of expanding throughout India & Global Locations following successful outcomes.

Sheela Foam Ltd (NSE: SFL) is a publicly traded company on the National Stock Exchange in India (NSE) and is currently trading at a market cap of over CAD$ 2 billion and is the largest polyurethane foam manufacturer in Asia Pacific with footprints in India, Australia and Spain and also the largest manufacturer of mattresses in India under renowned brand name Sleepwell.

Deepspatial is a tool that will help Sheela Foam identify new markets and expand their coverage. Sheela Foam Ltd. will adopt Deepspatial’s AI driven solutions to maximize its distribution and retail coverage. This is expected to lower costs, increase profitability, margins and increase revenue.

“The fusion between Artificial Intelligence and Spatial Sciences & Data Sets from Deepspatial together with the in-house talents of Sheela Group would enhance our business growth plans. Charu Bhargava (Vice President of IT, Sheela Foam Ltd. “The fusion of Artificial Intelligence, Spatial Sciences & Data Sets of Deepspatial along with the in-house talents and Sheela Group would help enhance our business growth plans.” Not to mention Deepspatial is pioneering the use of artificial intelligence for business growth in this industry.” Said Dr. Rahul Kushwah, CEO of Deepspatial Inc.

Dr. Rahul Kushwah appeared on Proactive Investors Media to talk about the client announcement and what it means for Deepspatial:

About Deepspatial Inc.

Deepspatial Inc. is an artificial intelligence, technology SaaS company at the forefront of geospatial artificial intelligence and geographic informational systems, specializing in providing robust, AI-powered solutions to businesses by leveraging the power of geospatial data. The company currently has products that address four industry verticals. These include (1) geodemographic customer profiling; (2) price recommendation engine; (3) inventory management (market entry and growth); and (4) sentiment monitoring to improve and measure brand health. To learn more, please visit our website at or follow us on Twitter, Instagram or LinkedIn.

About Sheela Foam Limited. Sheela Foam Limited, (NSE: SFL), is Asia’s largest polyurethane foam manufacturer with locations in India, Australia, and Spain. It also manufactures the most popular brand of mattress in India, Sleepwell. Sheela Foam is a bulk manufacturer of PU Foam. They make a variety technical foams, including Memory Foam (Flame Retardant Foam), High Resilience Foams, Soft /Hard Foams, and Reticulated Foams, which can be used in a variety applications. Caution Regarding Forward Looking Information: HTML3_ HTML4_ HTML5_ HTML6_ HTML5_ HTML5_ HTML6_ HTML7_ HTML8_ HTML9_ HTML4_ HTML5_ HTML5_ HTML6_ HTML7_ HTML8_ HTML9_ HTML6_ HTML9_ HTML8_ HTML5_ HTML6_ HTML7_ CANADVERKLEAKABLEAKABLEAKKEY ELEASE.

This newsrelease may contain forward-looking information and statements that are based on current expectations. These statements are not intended to be interpreted as guarantees of future performance and results for the Company. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause actual results, performances, or achievements to differ materially from the statements. These statements are based upon reasonable assumptions by management, but there is no guarantee that they will be accurate. We do not assume any responsibility for revising or updating them to reflect changes or circumstances. The Company’s securities have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or “U.S. Without registration or exemption from registration, persons are defined as per Regulations under U.S. Securities Act. This press release does not constitute an offer or solicitation to sell securities. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein, such as, but not limited to dependence on obtaining regulatory approvals; the ability to obtain intellectual property rights related to its technology; limited operating history; general business, economic, competitive, political, regulatory and social uncertainties, and in particular, uncertainties related to COVID-19; risks related to factors beyond the control of the company, including risks related to COVID-19; risks related to the Company’s shares, including price volatility due to events that may or may not be within such party’s control; reliance on management; and the emergency of additional competitors in the industry. All forward looking information is subject to this cautionary statement. The Company disclaims any obligation or responsibility to revise any forward-looking statements or publicly announce any changes to such information to reflect future events, results or developments.

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