Metatron Inc. Restructuring Company Debt and Launching New Artificial Intelligence Applications Division
Dover, DE, Sept. 13, 2022 (GLOBE NEWSWIRE) — Metatron Inc. (OTC Pink: MRNJ), a mobile and web technology pioneer with more than 2,000 apps on iTunes and Google Play, is pleased to announce that the company is currently working to restructure corporate debt obligations in addition to the company’s official launch of an artificial intelligence applications division within Metatron, Inc.
The Company is currently working in good faith with creditors to consolidate, restructure and improve the Company’s debt securities. The more favorable terms and consolidation will help the Company improve and streamline the Company’s balance sheet and financial reporting. Details of the restructuring will be announced upon completion and final execution.
Having years of success in the mobile and web technology sectors, the company sees artificial intelligence (AI) as the unbridled beast of future technological growth. The size of the global AI market was valued at just $65 billion in 2020. Growth projections put the compound annual growth rate at 38% through 2030, when the industry is expected to reach 1.58 trillion dollars according to Allied Market Research.
The demand for intelligence systems is expected to witness phenomenal growth, propelling the global AI market. North America led the AI market in 2020 and North America is expected to continue dominating the industry in the coming years as high-spending AI solutions are expected by both the government and public sectors.
Metatron assembles the new division so that it can focus solely on AI solutions. The team being built will be led by a team based here in the United States, combined with programming experts from around the world. The company has already formed a Divisional Launch Committee (DLC) and preliminary meetings with project leaders in Europe include discussions about building programming teams in North America, Europe and India.
The company looks forward to providing additional updates on the new AI applications division in the days and weeks ahead. Metatron is accelerating the launch of this new division as it seeks to establish a firm foothold in a growing industry. The company plans to announce the development of its first AI product during September.
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