Tickers: XTSX:ES
Tags: Blockchain, Technology

Vancouver, BC / TheNewswire / July 18, 2018 - Eight Solutions Inc. (TSXV:ES) ("Eight Solutions" or the "Company"), a technology company offering Artificial Intelligence (AI) platform for everyone, today announced a letter of intent has been signed with BID Group Technologies Ltd. ("BID Group") to form a joint venture called Oper8. Eight Solutions and BID Group have created an integrated digital platform for bringing value to raw and deep live data through the Industrial Internet of Things (IIoT), AI, and predictive analytics in order to truly transform the Forest Products industry.

As one of the Company's earliest investors, BID Group has been and continues to be a strong partner for Eight Solutions. For example, BID Group has embedded Cumul8 IIoT and predictive analytics software from the Company in all of its new equipment. Now, the joint venture between Eight Solutions and BID Group takes the relationship to the next level by tightly integrating technology and people from both organizations. BID Group's proven hardware, software, and services experience in the Forest Products sector is combined with the big data and AI expertise of Eight Solutions for an industry-specific digital platform and predictive data models for asset health and other metrics.

The base of the Oper8 platform is the big data analytic, visual, and predictive AI capabilities of Cumul8, which the forestry experts at BID Group can use to apply a very specific and deeply intuitive set of performance models for the industry. The goal of Oper8 is to help transform the industry to be even more productive and profitable.

"As one of the largest integrated suppliers to the Forest Products industry, we have the reach to enable its digital transformation," said Alistair Cook, President and CEO of BID Group. "We are already building turnkey, connected mills containing IIoT ready machines for the industry's largest companies. By partnering with Eight Solutions, data from these machines can be connected like never before with jointly developed data models providing actionable insights powered by AI. Oper8 can help our customers improve operations and ultimately their returns on capital investment."

Although Oper8 is a digital solution specific to Forest Products, the Cumul8 predictive analytics platform is industry agnostic. "An abundance of data is being generated in every industry, but organizations may not have the tools to harness and get insights from it," said Rory Armes, CEO of Eight Solutions. "The Cumul8 platform was designed to be very flexible and highly configurable, from the numerous types of disparate data sources that can be ingested to the cloud to the way in which predictive data models are created as well as how data is visualized. As with Oper8, domain experts in other industries can lean on Cumul8 to operationalize their data for speed to value."

About BID Group

The BID Group family of companies has over 35 years of experience in providing industry leading solutions for its highly valued customers. Powered by Comact, PHL, McGehee, Deltech, Miller, Moco, Vibra-Pro, and BID Group Construction, the companies provide innovative, efficient and reliable equipment to exceed customer expectations. The ability to provide a turnkey solution that includes engineering, project management, installation, startup, and after sales service furthers the BID Group companies' strategic value to its customers. The companies have offices in fifteen locations across continental North America. Learn more about BID Group on www.bidgroup.ca.

About Eight Solutions

Eight Solutions is a technology company offering Artificial Intelligence (AI) for everyone. With a focus on AI, data analytics, and data distribution, Eight Solutions brings together highly visual and user-centric solutions designed and developed by a team of media and entertainment industry veterans with a combined 60+ years of experience working on the world's most successful films and video games. The Eight Solutions product portfolio includes Cumul8, an Industrial Internet of Things (IIoT) and predictive analytics platform providing real-time and predictive insights that help businesses harness and realize operational value from their data; and Jetstream, a secure high speed file transfer application enabling users to focus on their own work product rather than how it is delivered. For more information, visit www.eightsolutions.com.

On Behalf of the Board of Directors

(signed) "Rory Armes"

Rory Armes

Chief Executive Officer, President and Director

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

Forward Looking Statements

Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Although Eight Solutions believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

For more Information, please contact:

Investor Relations

investor.relations@eightsolutions.com

Suite 100, 138 East 7th Avenue

Vancouver, British Columbia, V5T 1M6

Phone: (604) 669-8885

Fax: (604) 669-8855

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