Visionstate Corp. Provides Corporate Update
July 20 2022 - 11:06AM
Visionstate Corp. (TSXV: VIS) ("Visionstate" or the
“Company”) provided a corporate update to address recent,
significant milestones.
In the past couple of months, Visionstate has
demonstrated major growth in sales and deployments of its WANDA™
cleaning-tracking technology. As the Company continues to grow its
partnership, increase internal sales, and focus on its technology
development, recognition for WANDA™ is expected to grow at a rapid
pace.
Some of the highlights from the
corporate milestones include:
- Successful Trial at the
Metro Toronto Convention Center
- Along with a successful showcasing
of WANDA™ at the ISSA Canada Show, Visionstate is pleased to
announce that it has also completed a successful trial in the
washrooms at the Metro Toronto Convention Center, which has now
captured the attention of other facilities.
- Installation in the City of
St. Albert
- Following Visionstate’s campaign
with the City of Edmonton to manage cleaning activities and
maintenance of the city’s 400 bus shelters, QR codes are now being
planned to be installed in the City of St. Albert, representing
another exciting new vertical for the Company.
- Expansion at
Blackstone
- Visionstate’s long-term customer
Blackstone is expanding their WANDA™ locations by more than 300%
with approximately 100 WANDA™ tablets, giving further validation
for Visionstate’s position within the market.
- Partnership with Grey Nuns
Community Hospital
- Visionstate has established a
long-running partnership with the Grey Nuns Community Hospital
(GNCH), a part of Covenant Health that has 18 sites located in 12
communities across Alberta. The Company has developed an asset
management system that GNCH is using to monitor its
equipment. This new development opens many new opportunities
in all sectors.
- Activation at the
University of Saskatchewan
- Activations of the Company’s unique
Internet of Things (IoT) have been estimated to include 1,800
deployments within the University of Saskatchewan. For each
activation of the mobile application, Visionstate measures its
success based on the rate of customer acquisition. Visionstate is
currently developing a plan to manage data in a way that the
university can digest and use efficiently.
- Installation at the Grand
Villa Casino
- Visionstate announced that they
have completed installation at the Grand Villa Casino.
- Integration at
Hygenia
- Visionstate reported that it is
close to completing its integration at Hygenia and that the Company
will be able to conduct surface testing for audits. The Company is
also working on HVAC tracking to measure air quality which will be
made available in the coming months.
- On-going Conversation with
an International Hotel Chain
- Visionstate is making great headway
with a hotel located in the heart of Banff National Park. The hotel
has been providing hospitality to its guests for more than 130
years with its 745 guest rooms and suites. This relationship
represents the first hotel for Visionstate and another exciting
milestone for the Company.
John Putters, CEO of Visionstate, commented, “As
we continue to build our position within the market, and scale
WANDA™, we feel confident that we will be able to replicate our
efforts into other large facilities.” Putters added, “We strive to
find like-minded partnerships for successful business development.
What we learn from every partnership is that no two businesses
function the same and we will continue to find ways to make WANDA™
work for them. Sometimes it pushes us creatively, but
out-of-the-box thinking keeps every day interesting and
innovative.”
Visionstate is now prioritizing on finalizing
details for many more installations, including malls, healthcare
facilities, resorts, school divisions, commercial facilities,
casinos, universities, and coast-to-coast cleaning companies in the
United States. Outside of Visionstate’s partnership with Bunzl
Canada, the Company is also forging ahead with internal sales.
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. Through Visionstate 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 WANDATM smart device now extends to hospitals, airports,
shopping centers, 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. To learn
more, please visit our website at www.visionstate.com.
To learn more, please contact:
Visionstate Corp. John Putters,
CEO(780)
425-9460jputters@visionstate.com
CHF Capital
Markets Cathy
Hume(416) 868-1079 x 251cathy@chfir.com
Follow Visionstate Corp. on social
media:
Website: www.visionstate.comTwitter:
@visionstateFacebook: @visionstateLinkedIn:@VisionstateCorp.
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the adequacy or accuracy of this release.
Forward-Looking Statements
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may contain forward-looking statements that involve substantial
known and unknown risks and uncertainties. All statements other
than statements of historical fact are forward-looking statements,
including, without limitation, statements regarding future
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vision, proposed acquisitions, partnerships, joint-ventures and
strategic alliances and co-operations, budgets, cost and plans and
objectives of or involving the Company. Such forward-looking
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other factors may cause the actual results or performance to
materially differ from any future results or performance expressed
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forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of the
Company including, but not limited to, the impact of general
economic conditions, industry conditions and dependence upon
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used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise
and, as such, undue reliance should not be placed on
forward-looking statements. The Company does not assume any
obligation to update or revise its forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as required by securities laws.
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