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Visionstate Corporation ( Technology & AI ) – TSXV: VIS – OTCQB: VSSSF

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CrumpetsandTea
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Re: Visionstate Corporation ( Technology & AI ) – TSXV: VIS – OTCQB: VSSSF

#664442

Postby CrumpetsandTea » May 15th, 2024, 2:15 pm

Queen’s U Students Give Residence Cleaning an A+

Innovative WandaNEXT™ digital platform transforms residence cleaning and hygiene

https://www.globenewswire.com/news-rele ... -an-A.html

CrumpetsandTea
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Re: Visionstate Corporation ( Technology & AI ) – TSXV: VIS – OTCQB: VSSSF

#665104

Postby CrumpetsandTea » May 21st, 2024, 2:46 pm

Visionstate Partners with Global Leader to Drive AI Innovation for WANDA Platform

https://www.stockwatch.com/News/Item/Z- ... 4333/C/VIS

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Re: Visionstate Corporation ( Technology & AI ) – TSXV: VIS – OTCQB: VSSSF

#665171

Postby CrumpetsandTea » May 22nd, 2024, 12:31 am

Visionstate forms partnership with AMII for Wanda

2024-05-21 11:50 ET - News Release

Ms. Shannon Moore reports

VISIONSTATE PARTNERS WITH GLOBAL LEADER TO DRIVE AI INNOVATION FOR WANDA PLATFORM

Visionstate Corp. has formed a groundbreaking collaboration with the Alberta Machine Intelligence Institute (AMII). This strategic partnership will propel the Wanda platform into the forefront of machine learning (ML) innovation.

The science of ML is advancing at an unprecedented pace. AMII, a global leader in machine intelligence, brings unparalleled expertise to the table. The working relationship will embark on a involve a project validation and product development process which will solidify Visionstate's on going leadership in providing cutting-edge software to the facility management sector.

Visionstate has identified key areas of its software platform to leverage artificial intelligence to significantly improve operational efficiencies such as schedule and resource optimization. In working with AMII, Visionstate will utilize the expertise of a world leader in ML to execute on the company's AI (artificial intelligence) strategy.

"We are very excited about working with Amii," explained Visionstate IoT president Shannon Moore. "The impact of artificial intelligence will continue to reverberate throughout our lives and the way we do business. For Visionstate, this is a pivotal development as we continue to explore and execute on opportunities to introduce ML in a practical manner."

The project validation process will dive deeply into the specifics of the ML project. It will ensure Visionstate's initiative is well-defined, validated and ready for model development.

"Project validation derisks our journey and lays the groundwork for a successful implementation," Ms. Moore explained.

Market size and wide applicability of AI in facility management

The adoption of AI in facility management is not only a strategic move but also a necessity in today's dynamic business landscape. The global market for AI-driven facility management solutions is poised for substantial growth. As businesses recognize the value of AI in optimizing schedules, resources and operations, the market size continues to expand.

AI models for schedule and resource optimization enable businesses to deploy the right resources at the right time. Whether managing staff shifts, allocating machinery or optimizing supply chains, AI brings speed, flexibility and intelligence to bear on complex problems.

The impact of AI in facility management also spans many industries, including health care, transportation, finance, retail, manufacturing, education, entertainment, agriculture and more. By optimizing schedules, resource allocation and operations, AI unlocks new levels of efficiency. In terms of business value, AI adoption translates into cost savings, improved service delivery and enhanced competitiveness. The global market potential for AI-driven facility management solutions is substantial, with estimates reaching billions of dollars.

"Visionstate has a very clear path forward when it comes to AI and ML technology," Ms. Moore explained. "This project meets all of our requirements, including IP ownership, the fact we are working with one of the leading ML institutes in the world and the significant revenue potential this product will provide for our Wanda platform."

As part of the Pan-Canadian AI strategy, AMII's threefold mission aligns perfectly with Visionstate's vision:



Advancing research: AMII pushes the frontiers of machine-intelligence research, exploring novel algorithms, techniques and applications.
Applied solutions: The company's ability to translate scientific breakthroughs into practical business solutions is unmatched.
Talent incubation: AMII accelerates the development of skilled professionals, bridging the gap between academia and industry.


The validation process is expected to take approximately six weeks and will be followed by development of the ML model to be integrated with Visionstate's facility management software.

About Visionstate Corp.

Visionstate is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability.

Visionstate IoT Inc. is a wholly owned division of Visionstate Corp.

Through Visionstate IoT, it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its Wanda smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.

As an equity partner in Sol Spaces, Visionstate Corp. holds approximately 40-per-cent ownership in the company, reaffirming its commitment to driving social impact and sustainable development through its investment portfolio.

We seek Safe Harbor.


CrumpetsandTea
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Re: Visionstate Corporation ( Technology & AI ) – TSXV: VIS – OTCQB: VSSSF

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Postby CrumpetsandTea » May 24th, 2024, 2:40 pm

Visionstate’s John Putter on improving service delivery in the global market through AI

https://www.youtube.com/watch?v=pW-BSoCDLEo

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Re: Visionstate Corporation ( Technology & AI ) – TSXV: VIS – OTCQB: VSSSF

#666497

Postby CrumpetsandTea » Yesterday, 2:07 pm

Visionstate Reports Q2 Showing Steady Growth

Edmonton, Alberta – TheNewswire - May 29, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a leading provider of smart facility management solutions, today announced its financial results for the second quarter ended March 31, 2024. The company’s performance during this period reflects remarkable growth and strategic focus on optimizing operations.

Key Highlights:

Revenue Surge: Gross revenues for the three months ending March 31, 2024, increased by$96,978, reaching $190,300 or an increase of approximately 100% year over year. Over the six-month period of the first two fiscal quarters for this year, revenues increased by $279,585, totaling$384,652. This growth can be attributed to increased sales volumes and the successful renewal of most prior-year facility licenses.

Expense Reduction: Selling, general, and administrative expenses experienced a significant decline. For the three-month period ending March 31, 2024, Company expenses dropped almost in half from$132,822 to $72,708.

High Gross Margins: Visionstate’s gross margin percentage remains robust, consistently in the high seventies. This achievement is largely due to the effective management of costs and the strategic distribution partnership which provides Visionstate a commission-based sales structure.

Overall Performance: The Company showed a loss of approximately $60,000 during the second fiscal quarter as opposed to a loss of approximately $190,00 for the same quarter in 2023.

Wanda Product Expansion: In fiscal year 2023, Visionstate focused on enhancing the capabilities of its flagship product, Wanda. The investment in product development paid off, resulting in expanded market reach. Existing customers have embraced Wanda’s features, and the company successfully penetrated new locations.

“Our Q2 results demonstrate the power of innovation and strategic execution,” explained Visionstate IoT Inc. President Shannon Moore. “We are thrilled by the substantial increase in revenue and the disciplined cost management. Our Wanda product continues to evolve, addressing critical needs in facility management. As we farm existing customer relationships and explore new markets, we remain committed to driving value for our clients.”

Visionstate’s sustained growth underscores its commitment to cutting-edge technology and customer satisfaction. The Company’s IoT products, coupled with recurring licensing and software support fees, position it for continued success as sales volumes expand. The Company is developing new applications that compliment Wanda and can be marketed to exiting clients as well.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. As an equity partner in Sol Spaces, Visionstate Corp. holds approximately 40% ownership in the company, reaffirming its commitment to driving social impact and sustainable development through its investment portfolio.

To learn more, please contact:

Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460


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