VERSES Partners with Blue Yonder for the Resale of Adaptive Intelligence Solutions for the Global Supply Chain
November 28 2022 - 8:00AM
VERSES Technologies Inc. (NEO:VERS) (OTCQX:VRSSF) ("VERSES'' or the
“Company”), a cognitive computing company specializing in the next
generation of Artificial Intelligence (AI), is pleased to announce
its partnership with Blue Yonder, a company specializing in digital
supply chain and omni-channel commerce fulfillment providing
solutions to over 3500 of the world’s largest retailers and
warehouse distribution providers across 78 countries. VERSES is
expected to equip and empower warehouses and distribution centers
with adaptive intelligence and Spatial Twin management applications
designed to generate a unified real time world model in order to
better simulate and orchestrate workflow optimization, verifiable
traceability, and intelligent automation.
With persistent challenges currently facing global supply chains
such as continued labor shortages, equipment availability, and the
ripple effect of global bottlenecks, companies are looking for
technology solutions to help navigate this era of unpredictability.
By deploying adaptive intelligence and corresponding Spatial Twin
applications, supply chain companies can deploy intelligent
capabilities routing, slotting, and capacity.
“Partnering with VERSES provides our customers with an
unparalleled view of their physical space and an actionable set of
tools to continually improve and refine their operations,” said
Matt Balthasar, Director of Edge Technology at Blue Yonder. “This
partnership is more than a technical integration; it sets a new
standard for the market today and into the future.”
“We are very excited to partner with Blue Yonder to resell
VERSES spatial management applications to their global customer
base,” said Gabriel René, Founder and CEO at VERSES. “Logistics
providers and the supply chain at large are looking for
advancements in technology that pull spatial, semantic and social
data into one location, and VERSES artificial intelligence
technologies provide the necessary foundation for interoperability
of theses domains -connecting the physical and digital worlds in
every warehouse, distribution center, port, retail space and
beyond.”
About VERSESVERSES is a cognitive computing
company specializing in next-generation Artificial Intelligence.
Modeled after natural systems and the design principles of the
human brain and the human experience, VERSES flagship offering,
KOSM™, is a network operating system for enhancing distributed
intelligence. Built on open standards, KOSM transforms disparate
data into a universal context that fosters trustworthy
collaboration between humans, machines, and AI, across digital and
physical systems. Imagine a smarter world that elevates human
potential through innovations inspired by nature. Learn more at
VERSES, LinkedIn, and Twitter.
On Behalf of the Company Gabriel RenéVERSES
Technologies Inc.Co-Founder & CEOpress@verses.io
Media and Investor Relations Inquiries Leo
KarabelasFocus CommunicationsPresidentinfo@fcir.ca416-543-3120
NEO Exchange has not reviewed or approved this press release for
the adequacy or accuracy of its contents.
Forward-Looking Statements Cautionary Note This
release includes certain statements and information that may
constitute forward-looking information within the meaning of
applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding
future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking
terminology such as “intends” or “anticipates,” or variations of
such words and phrases or statements that certain actions, events
or results “may,” “could,” “should,” “would” or “occur”. This
information and these statements, referred to herein as
"forward-looking statements", are not historical facts, are made as
of the date of this news release and include without limitation,
statements regarding discussions of future plans, estimates and
forecasts and statements as to management's expectations and
intentions with respect to, among other things, that VERSES is
expected to equip and empower warehouses and distribution centers
with adaptive intelligence and Spatial Twin management applications
pursuant to the Blue Yonder partnership and that supply chain
companies can deploy intelligent capabilities routing, slotting,
and capacity by deploying adaptive intelligence and Spatial Twin
applications. In making the forward-looking statements in this news
release, the Company has applied several material assumptions,
including without limitation, that the Company will be successful
in its continued deployment of its adaptive intelligence and
Spatial Twin management applications, that VERSES’ adaptive
intelligence and Spatial Twin management applications will perform
as anticipated at and will be accepted by warehouses and
distribution centers and that the Company’s ability to develop its
products will not be adversely impacted by COVID-19 or the ongoing
conflict in Eastern Europe. These forward-looking statements
involve numerous risks and uncertainties, and actual results might
differ materially from results suggested in any forward-looking
statements. These risks and uncertainties include, among other
things, risks relating to VERSES’ adaptive intelligence and Spatial
Twin management applications not being widely adopted or not
performing as expected, the impact of technological inefficiencies,
cyber security attacks, adverse changes in legislation relating to
the digital twin market, increase in competition, the volatility of
global capital markets, political instability, the lack of access
to capital or financing when required, the loss of key personnel,
technology or software disruptions, unanticipated costs, risks
related to the COVID-19 pandemic, risks relating to the extent and
duration of the conflict in Eastern Europe and its impact on global
markets and other risk factors disclosed in the Company’s
disclosure record on www.sedar.com under the Company’s profile.
Although management of the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and
forward-looking information. Readers are cautioned that reliance on
such information may not be appropriate for other purposes. The
Company does not undertake to update any forward-looking statement,
forward-looking information or financial out-look that are
incorporated by reference herein, except in accordance with
applicable securities laws.
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