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

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

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 subsidiary 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(TM) 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.

The company will have completed another private placement by the middle of July, giving them over $1 million in working capital. A vast majority of participants this year have been management, and a major new shareholder, which can all be seen on any insider trading website. Currently they own 45,559,338 common shares or 31.2% of the entire float. Current market cap is just over $4 million CAD.

Most recent news release:

Visionstate Corp. Announces Unit Private Placement for US Expansion and AI Development

https://www.thenewswire.com/press-r...ment-for-us-expansion-and-ai-development.html

Recent Video:

Visionstate continues to launch WANDA in new markets
18 May 2023 06:00(EDT)

https://themarketherald.ca/visionstate-continues-to-launch-wanda-in-new-markets-2023-05-18/

Join us for an InvestorTalk.com with Shannon Moore from Visionstate Corp. (TSXV: VIS) on Tuesday, June 27, 2023, from 9-920 AM EST.

https://investorintel.com/events/investortalk-com-with-shannon-moore-from-visionstate-corp-tsxv-vis/
 
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Business Overview Visionstate Corp. is a publicly traded company listed on the Toronto Venture Exchange (TSXV: VIS). The Company has two operating divisions which are wholly owned subsidiaries of Visionstate Corp., including Visionstate IoT Inc., which is focused on Internet of Things applications for facility management, and Next Vision IoT Inc., a company formed in 2021 to conduct development of related IoT applications, including integrating conversational artificial intelligence for customer service in brick-and-mortar environments. Visionstate Corp. has also invested in privately held companies which are synergistic with its operating divisions, including Sol Spaces Inc. (formerly Exceed Solar Inc.) and Freedom Cannabis Inc.

Visionstate IoT Inc. develops and markets technology under the brand name "Wanda" for tracking and monitoring cleaning and maintenance activities in diverse environments such as hospitals, airports, office buildings, schools, and shopping centers. Branded under the name "Wanda," the technology was originally designed to track cleaning activities in restrooms using industrial touchscreen tablets mounted on the exterior of the restroom

In fiscal year 2022, Visionstate IoT Inc. focused on market expansion for the mobile version of its Wanda technology, known as WandaMOBILE. This mobile app served as a complete facility management tool, enabling tracking of any location or item within and outside a facility. In March 2023, the WandaMOBILE app underwent a significant upgrade, expanding its functionality. With the ability to utilize QR codes or NFC tags, the software can now track a wide range of assets and items beyond cleaning protocols. This upgrade allows for enhanced tracking and monitoring capabilities, offering a versatile solution for facility managers.

Moreover, Visionstate Corp. made investments in artificial intelligence (AI) and has integrated AI capabilities into the Wanda platform. The introduction of AI enhances the functionality of Wanda, enabling advanced analytics, predictive maintenance, and intelligent insights for facility management. The integration of AI technology further strengthens Visionstate IoT Inc.'s offering and positions the company at the forefront of innovation in the facility management space.

Wanda is sold as a software-as-a-service (SaaS) solution through the company's global distribution partner. With no upfront hardware costs for WandaMOBILE, the technology can be deployed rapidly across various environments. The low deployment costs and maintenance fees contribute to a margin of approximately 90% for WandaMOBILE. The mobile app has been well-received in the market, and based on user feedback, new features have been developed, including audit capabilities, work orders, task assignments for cleaning staff, and scheduling of cleaning events.

The Wanda platform, with its upgraded mobile app and AI integration, offers a comprehensive solution for facility management needs. By utilizing QR codes or NFC tags, the software can efficiently track a wide range of assets and items, providing facility managers with granular insights and actionable data. Visionstate IoT Inc. continues to focus on expanding its market presence and meeting customer demands, offering cutting-edge technology and innovative solutions for facility management.

Next Vision IoT Inc., a wholly owned subsidiary of Visionstate Corp., specializes in research and development of products based on IoT and conversational artificial intelligence (AI). The company's flagship project is ViCCi 2.0, an interactive customer service application for physical locations. The new version incorporates motion detection and sound-sensitive microphones to enhance customer interaction. Next Vision IoT partnered with Fluido.ai Inc. to provide the conversational AI platform. The company has also developed IoT sensors for the agricultural sector, including the cannabis industry, to measure environmental conditions and optimize performance. The technology is being tested and will be deployed in greenhouses in the second quarter of 2023.

Visionstate Corp. has invested in Sol Spaces Inc. (formerly Exceed Solar Inc.) by way of interest-bearing convertible debentures. According to the terms of the debentures, Visionstate Corp. can convert the debt for 40% of the outstanding equity in Sol Spaces Inc. Sol Spaces Inc. is a company focused on smart building envelopes that incorporate sustainable building materials, solar energy, and IoT technology designed to monitor the performance of the building. In October 2021, the company launched its prototype greenhouse at the University of Alberta with a 2.4 kW/h solar kit. The university is using the greenhouse to carry out research and testing into IoT technology in measuring environmental conditions.

Visionstate Corp. owns approximately 3.5 million equity shares in Freedom Cannabis Inc., a privately held company located in Edmonton, Alberta. Freedom Cannabis is a vertically integrated business that includes licensed production, licensed retail, packaging, and extracts. The company has collaborated with Next Vision IoT, a wholly owned division of Visionstate Corp., to implement WandaMOBILE to track cleaning activities.
 
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March 27, 2023 Corporate Video With Notes. Next one will be June 27, 2023.



- New clients in the UK & Australia
- New contract with Bunzl which will be advantageous for Visionstate
- Talks with gas station company that has 7000 locations in North America
- Speaking with European marketing company to help promote WANDA product across continent
- Integration with oil and gas company (more info on June 27th call)
- 600 new users and 40 new properties will use WANDA in Q2 2023
- VICCI AI tech was started over a decade ago, now being reinvigorated under VICCI 2.0
- VICCI 2.0 launched April 2023
- Q&A starts around the 18 minute mark
- Working towards some sort of deal with Cineplex on shopping mall WANDA product distribution
- More languages will be added to explore selling WANDA in other countries
- New contract with Bunzl which will get the company into profitability range quickly
- Bunzl wants exclusivity and they will be paying a premium for that
- 80-90% profit margins on products sold
- In process of a very large installation for a post secondary institution
- Any customization of WANDA products will require additional costs
 
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As we await the next update from Visionstate Corp on June 27th, I decided to go back to an earlier video at the start of 2023 to compare notes with the most recent video update. A lot of dialogue is identical, so the message is transparent and accurate coming from management. Things are going to change dramatically in July and the corporation should be profitable going forward.

Here is a link to that video and some notes with it, as stated by the CEO or President:



- Mentions “in the green by mid-2023”
- Rate structure changes coming for partners
- 3X market share plan - New pricing extremely competitive
- Thousands of new sales people with a queue of over 100 potential new customers

Zoom webinar link for Tuesday June 27th: InvestorTalk.com with Shannon Moore from Visionstate Corp. (TSXV: VIS) Event Date: June 27, 2023 Event Time:9:00 am This Event may be accessed when scheduled at the following Zoom Link:

https://us02web.zoom.us/j/81585952544

Please call us at (416) 792-8228 or email us at info@investorintel.com if you have any questions.
 
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Visionstate and NEDlabs Join Forces to Revolutionize People Counting with Time-of-Flight Sensors

Edmonton, Alberta - TheNewswire - July 6, 2023 - Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”) Visionstate IoT Inc., a pioneer in IoT (Internet of Things) technology for facility management, and NEDlabs (NEDlabs.ca), a leading provider of industrial IoT and builder of smart home solutions, are proud to announce their collaboration on a cutting-edge project that will change the way people counting is performed. The project involves the integration of NEDsense Time-of-Flight (“ToF”) sensors, developed by NEDlabs, into Visionstate’s Wanda platform which tracks cleaning and maintenance activities in public and private facilities.

People counting is a critical aspect of many industries, including retail, hospitality, and events management, as it helps businesses to understand foot traffic and make data-driven decisions. The current methods of people counting, such as infrared sensors and video cameras, can be expensive, unreliable, and provide inaccurate results. With the integration of NEDsense ToF sensors, Visionstate is aiming to provide a more accurate solution that will help businesses make more informed decisions.

"We're thrilled to be collaborating with NEDlabs on this exciting project," said Shannon Moore, President of Visionstate IoT Inc. "By integrating time of flight sensors into our platform, we can provide our customers with a more accurate and reliable solution for people counting. This will have a significant impact on the way businesses operate and make data-driven decisions."

The ToF sensors use advanced technology to measure the time it takes for a light signal to travel from the sensor to the target and back, providing a highly-accurate measurement of distance. This technology has been proven to provide accurate results even in challenging environments, such as crowded spaces or areas with high levels of ambient light.

"We're moving quickly with NEDlabs on this project," said Moore. "The NEDsense Time-of-Flight sensors are at the forefront of sensor technology, and we're confident that their integration into our platform will provide a game-changing solution for people counting."

Visionstate is investing further into connected sensors which will expand the Company’s customer base while offering a larger suite of products.

About NEDlabs

NEDlabs is a leading provider of industrial IoT and builder of smart home solutions, offering a wide range of products and services designed to make systems more effective, convenient, and intelligent. With a focus on innovation, speed to market, and customer satisfaction, NEDlabs is committed to providing the best solutions for its clients.
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.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate IoT Inc.
Shannon Moore, President
Email: shannon@visionstate.com
Tel: 780-425-9460

CHF Capital Markets
Kathy Chapman
Email: kc@chfir.com
Tel: 416-868-1079 x 234

Twitter: @visionstate
Facebook: @visionstate
LinkedIn: Visionstate Corp.
 
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Visionstate closes $500,000 private placement​

2023-08-18 09:31 ET - News Release

Ms. Shannon Moore reports

VISIONSTATE ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT

Visionstate Corp. has closed the private placement offering previously announced on June 8, 2023. At the close, Visionstate raised $500,000 through the issuance of 25 million units at a price of two cents per unit. Each unit is composed of one common share in the capital of Visionstate and one common share purchase warrant, whereby each warrant entitles the holder to purchase one additional common share at a price of five cents per common share for a period of two years following the date of closing.

If the closing price of the common shares is equal to or exceeds seven cents per common share for greater than 20 consecutive trading days, then the warrant term shall automatically accelerate to a date that is 30 calendar days following the date a press release is issued by the company announcing the reduced warrant terms, without further notification made by the company.

The issuance of units to a person holding more than 10 per cent of the common shares of Visionstate constitutes a related-party transaction in accordance with TSX Venture Exchange Policy 5.9 -- Protection of Minority Security Holders in Special Transactions, which incorporates Multilateral Instrument 61-101. The offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in Section 5.5 of MI 61-101 are applicable, since the aggregate consideration to be paid by the related parties will not exceed 25 per cent of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in Section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25 per cent of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2.5-million and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

The net proceeds from the sale of units will be used by the company toward the development and rollout of ViCCi 2.0, an artificial intelligence (AI) application designed to enhance customer service, for marketing and sales initiatives of the Wanda technology to global markets, and for general operating capital.

Pursuant to applicable Canadian securities laws, the common shares and warrants comprising the units are subject to a four-month hold period from the time of closing of the offering.

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 (IoT), big data and analytics, and sustainability. 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 will continue to innovate, reduce environmental impact and transform consumer experiences.
 
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Edmonton, Alberta – TheNewswire - September 21, 2023 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”) , a leading innovator in IoT technology for the facility management industry, is proud to announce significant advancements in its global expansion efforts. With a strong focus on enhancing facility management practices, Visionstate IoT Inc., the company’s main operating division, continues to make strides in improving operational efficiency and cleanliness in various sectors.


Major Deployment in Canada


Visionstate IoT has embarked on a major deployment project in collaboration with one of the largest universities in Canada. To date, the company has successfully completed installations in five buildings, with 12 more buildings slated for deployment. This landmark project showcases Visionstate's commitment to revolutionizing facility management across academic institutions, ensuring a safe and productive environment for students and staff.


International Trials in the UK and Australia


In London, UK, Visionstate is conducting a trial of its cutting-edge IoT technology at the head office of a prominent global ride-sharing company. This initiative aims to demonstrate the capabilities of Visionstate's solutions in optimizing workspace cleanliness and maintenance protocols within corporate environments.


Meanwhile, Visionstate has successfully completed an installation in Australia, marking its initial foray into this burgeoning market. The company is excited about the prospects of expanding its footprint and delivering its innovative solutions to organizations across the Australian continent.


Expanding Presence in the US


In the United States, Visionstate IoT is aggressively expanding its presence and forging key partnerships. The company is currently working with partners to deploy its flagship product, Wanda, in a prominent restaurant chain. Visionstate will also be a prominent presence at key industry tradeshows across the US over the next 12 months, aiming to solidify its position as a frontrunner in facility management technology within the US market.


Global Partnership and Strategic Initiatives


Visionstate is actively working towards concluding a comprehensive contract with its global partner, which will encompass Canada and specific territories internationally. This strategic partnership is expected to elevate Visionstate's reach and influence in the global facility management arena.


Enhanced Marketing and Online Presence


Over the next quarter, Visionstate will intensify its efforts to expand its social media presence for Wanda, engaging with a wider audience and sharing valuable insights on facility management best practices. The company is also set to launch a targeted marketing campaign in the US, aimed at raising awareness about its innovative solutions. In addition, Visionstate will unveil a new website that will better represent its products and capabilities, making it easier for potential customers to explore the benefits of its cutting-edge technology.


Wanda, Visionstate's flagship facility management tool, is designed to meticulously track cleaning and maintenance protocols, ensuring optimal cleanliness and operational efficiency in various industries.


"We are excited about the rapid expansion of our IoT technology solutions worldwide," said Shannon Moore, President of Visionstate IoT Inc. "Our commitment to enhancing facility management practices continues to drive us forward, and we look forward to delivering our innovative solutions to more organizations, helping them achieve excellence in cleanliness and efficiency."


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 subsidiary 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.


Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.


To learn more, please contact:


Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460


CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234


Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.
 
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InvestorTalk with John Putters from Visionstate Corp. (TSXV: VIS)


Join us for an InvestorTalk with John Putters from Visionstate Corp. (TSXV: VIS) from 9-920 AM EST on Thursday, October 19, 2023.
 
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Visionstate Corp. Announces Three-Year Contract with Bunzl Canada for Exclusive Distribution of WandaNEXT

New contract expected to double existing revenue in Canada

Edmonton, Alberta - TheNewswire - October 16, 2023 - Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), is pleased to announce that its wholly-owned subsidiary, Visionstate IoT Inc., has entered into a new three-year contract with Bunzl Canada Inc. (Bunzl Canada) for the exclusive distribution of the Company's proprietary WandaNEXT product. The agreement grants Bunzl Canada exclusive distribution rights for Canada, Australia, and the UK, while Visionstate IoT will handle direct sales into the U.S. utilizing its existing internal sales resources.

The new contract represents a significant milestone for Visionstate IoT and is expected to double existing revenue associated with the exclusive distribution rights in the Canadian market. Furthermore, it opens new territories internationally, reinforcing the Company's commitment to expanding its footprint in the global facility-management sector.

WANDA™, Visionstate's flagship product, is an application widely used across various industry sectors to monitor cleaning protocols and enhance overall efficiency in delivering building services. The technology has proven instrumental in elevating standards of cleanliness and operational excellence.

Commenting on the milestone, John Putters, CEO of Visionstate Corp., stated, "We are thrilled to extend our partnership with Bunzl Canada and strengthen our position in the global market. This new three-year contract not only underscores the value of our product but also marks a significant step towards achieving our strategic objectives. We look forward to continuing to work in conjunction with Bunzl Canada to drive innovation and deliver cutting-edge solutions to our clients."

The agreement includes revenue-sharing arrangements in the three distribution territories, fostering a mutually beneficial partnership between Visionstate Corp. and Bunzl Canada. The collaboration extends beyond distribution, as both companies work closely on the ongoing development and enhancement of the WandaNEXT platform. Visionstate leverages its expertise in innovative development, while Bunzl Canada contributes its extensive global distribution network for sales and marketing initiatives.

“We are very excited about the new capabilities the next phase of our partnership with Visionstate will bring to our customers,” said Margo Hunnisett, Vice President, Marketing & Communications at Bunzl Canada. “Technology is transforming the cleaning industry and we are committed to continually positioning ourselves at the forefront, introducing innovations that empower our customers to be more efficient, more effective, and more sustainable.”

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 subsidiary 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.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate IoT Inc.
Shannon Moore, President
Email: shannon@visionstate.com
Tel: 780-425-9460

CHF Capital Markets
Kathy Chapman
Email: kc@chfir.com
Tel: 416-868-1079 x 234

Twitter: @visionstate
Facebook: @visionstate
LinkedIn: Visionstate Corp.
 
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New Visionstate Corp. CEO Interview



Some Highlights:

0:34-1:25
- Bunzl contract was signed in September, before Q4 began
- Guaranteed $250K revenue every year for three years + WANDA product revenue share from new customers
- Opens new markets in Canada, United Kingdom, Australia
- Visionstate gets access to Bunzl global distribution list

2:05-3:00
- Investing more in AI as customers want it
- New products to compliment WANDA will be coming out soon
- Strongly pursuing US market with heavy marketing

3:25-5:25
- Explains WANDA product in more detail
- New partner established in the United States
- Pushing into hospitality industry and new sectors
 
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Visionstate signs multilocation contract​

2023-11-09 12:52 ET - News Release

Mr. John Putters reports

VISIONSTATE CORP. ANNOUNCES GAME-CHANGING ROLL OUT OF WANDA(TM) PLATFORM

Visionstate Corp. has reached its latest achievement -- a multilocation contract with a large postsecondary institution. This collaboration signifies another "use case" milestone for Visionstate, as it continues to expand the horizons of smart technology solutions.

Under this agreement, Visionstate will implement its cutting-edge Wanda software for fleet management, revolutionizing the institution's vehicle management processes. This transformative installation will serve more than 500 users across multiple locations, streamlining the check-in/check-out procedures for fleet vehicles and digitizing the storage of crucial information on the Wanda portal.

"This partnership underscores our commitment to harnessing technology for real-world solutions," said Shannon Moore, president of Visionstate IoT Inc. "We are proud to be at the forefront of transformative fleet management, addressing longstanding challenges and opening doors to predictive maintenance capabilities."

Traditionally, paper-based check-in and check-out procedures often resulted in challenges such as misplaced paperwork, missed check-ins and incomplete records. This innovative installation will resolve these issues by creating a seamless, digital system for fleet management, ensuring transparency and accountability.

One of the most exciting aspects of this collaboration is the potential for predictive maintenance. By digitally monitoring the usage and maintenance of the fleet vehicles over time, the Wanda software will gather valuable insights. These insights will enable the institution to pro-actively address maintenance needs, reduce downtime, and optimize the performance and longevity of its fleet.

Visionstate is excited about the opportunities that this contract brings and is dedicated to continuing its mission of providing innovative solutions that drive efficiency, accountability and sustainability.

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 is a wholly owned subsidiary of Visionstate.

Through Visionstate IoT, the company 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 will continue to innovate, reduce environmental impact and transform consumer experiences.
We seek Safe Harbor.
 
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