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

Visionstate arranges $400,000 private placement​

2023-11-24 08:06 ET - News Release

Ms. Shannon Moore reports

VISIONSTATE CORP ANNOUNCES PRIVATE PLACEMENT TO FUND US EXPANSION

Visionstate Corp. has arranged a private placement to raise $400,000 for the issuance of 20 million units at two cents per unit, with each unit consisting of one common share and one full warrant exercisable at five cents for two years, subject to regulatory approval.
The proceeds raised will primarily be allocated to expand the company's product marketing efforts in the United States, where Visionstate IoT Inc., the company's main operating division, has already established a strong presence with several prominent customers. The targeted focus will be on resellers of the Wanda product, a cutting-edge facility management application designed to track cleaning and maintenance activities.

In addition to fortifying its position in the U.S. market, Visionstate will allocate resources to enhance its ViCCi 2.0 product. Set to launch in the first quarter of 2024, ViCCi 2.0 represents a significant evolution from its predecessor, leveraging artificial intelligence and conversational interfaces to provide advanced virtual customer assistance in brick and mortar settings.

Shannon Moore, president of Visionstate IoT, commented on the significance of these developments: "We are at an inflection point when it comes to facility management software. Like other businesses, facility managers are looking at new ways of controlling costs and ensuring efficiency -- our Wanda product enables them to do that, powered by analytical data on the operations."

The financing round and strategic initiatives underscore Visionstate's commitment to driving innovation in facility management solutions, cementing its position as a leader in the rapidly evolving technology landscape. It is anticipated existing shareholders and insiders will participate in the financing.

In connection with the offering, Visionstate will be relying on the existing security holders' exemption as well as other available prospectus exemptions. For those investors relying upon the exemption for existing security holders, the aggregate acquisition cost to a subscribing shareholder of all securities of Visionstate cannot exceed $15,000 in the previous 12 months, unless that shareholder has obtained advice regarding the suitability of the investment from a registered investment dealer in the subscriber's jurisdiction. The offer to purchase units is available to all security holders of Visionstate who held common shares on the record date of Nov. 23, 2023.

Shareholders residing in countries other than Canada need to meet local jurisdiction requirements to participate. If Visionstate receives total subscriptions pursuant to the existing security holders' exemption which causes the Offering to exceed $400,000, Visionstate will accept such subscriptions on a first-come-first-served basis.

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 subsidiary of Visionstate. 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 will continue to innovate, reduce environmental impact and transform consumer experiences.
 
Visionstate Corp. Achieves Unprecedented Installation Pace of WANDA Technology in Facility Management Sector

2023-12-12 05:03 ET - News Release

Edmonton, Alberta - TheNewswire - December 12, 2023 - Visionstate Corp. (TSXV:VIS) (“ Visionstate ” or the “ Company ”), a leader in innovative facility management solutions, is pleased to announce a significant business update highlighting the remarkable success of its main operating division, Visionstate IoT Inc., and its groundbreaking WANDA™ technology.

WANDA™ Technology Validation Amidst Ongoing Threats

Visionstate IoT Inc. continues to set the industry pace by rapidly deploying its state-of-the-art WANDA™ technology in the facility management sector. WANDA™ has proven to be an invaluable tool in validating key cleaning protocols, crucial in the face of ongoing threats posed by viruses and diseases in society.

Strategic Collaborations with Leading Canadian Universities

Visionstate IoT is proud to share its ongoing collaboration with two leading Canadian universities on large-scale installations. These projects involve tracking thousands of areas within campus premises to ensure a safe and hygienic environment for students and staff. These collaborations not only emphasize Visionstate's commitment to safety but also significantly contribute to the Company's recurring revenue stream, driven by its software-as-a-service (SaaS) business model.

Expansion of WANDA™ Footprint in the U.S.

The Company's substantial U.S.-based customer has demonstrated confidence in WANDA™'s capabilities by doubling the size of its existing installation base. This expansion not only reflects the effectiveness of WANDA™ but also signifies the continued trust and satisfaction of Visionstate's clients in the United States.

New Revenue Stream: Introduction of Time of Flight (ToF) People Counters

In response to evolving market demands, Visionstate IoT has successfully introduced Time of Flight (ToF) people counters. These innovative counters not only enhance data accuracy but also represent a new revenue stream for the Company. Rolled out to universities and colleges, the ToF people counters provide valuable insights into traffic counts, contributing to enhanced efficiency in facility management.

International Expansion: Launching WANDA™ in London, England

Visionstate Corp. is actively pursuing an international opportunity at the head office of a global firm in London, England. This installation represents a full application of all WANDA™'s features and is poised to be a launch point for additional growth in the European market. Visionstate's entry into the European market aligns with its strategic vision for global expansion and diversification.

New Opportunities and Diversification

Visionstate Corp. is pleased to announce the addition of a new shopping center location in Calgary, Alberta, further expanding its portfolio of properties. This strategic move reflects the Company's commitment to growth and diversification in key markets.

"I am very pleased with the rapid adoption of our technology in the facility management sector. The pace at which WANDA™ and our new Time of Flight People Counters are being embraced underscores the industry's recognition of our commitment to innovation and excellence,” said Visionstate IoT President Shannon Moore. “As we approach the end of the year, I am optimistic about the prosperous new year ahead and the continued impact our solutions will have on creating safer, more efficient environments. The international opportunity in London, England represents a significant milestone for Visionstate, opening doors for continued growth and success on a global scale."

Board of Directors Re-election at Annual General Meeting

Visionstate Corp. recently concluded its Annual General Meeting on December 5, reaffirming its commitment to corporate governance. The following directors were re-elected to the board:

John Putters
Belinda Davidson
Jim Duke

Their continued leadership ensures stability and strategic guidance for the Company as it navigates a dynamic and growing market. Visionstate Corp. remains at the forefront of innovation in the facility management sector, driving advancements in technology that promote safety, efficiency, and sustainability.

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
 
CHF's Byte-sized Reviews - December 14, 2023


Dear Reader,

I was recently reading the Canadian Smallcap Investment Blog post about Visionstate Inc. (TSXV: VIS) and its WANDATM Product, by Analyst and Strategic Investor, Edward Vranic, CFA.

WANDATM is a smartphone-based platform that can be used for any kind of work-related activity that is based on a checklist of tasks and can collect and store data generated through the processing and logging of those tasks. There are tasks that need to be undertaken, and tracked, but may be overlooked, intentionally omitted, or just otherwise forgotten, or even forgotten to be marked as done, without prompting from an app.

What I see as missing in the workforce today are solid aspects of time management and personal organization. A lot of time and energy goes into training workers how to complete the tasks and remain safe, but every job consists of several tasks. When working from a paper list of tasks it is easy to scan the list quickly and check off what the worker considers unimportant, things that “won’t get done today” picking the simple tasks most easily done and moving on. The best workers have learned from experience and organized their time, tools, and supplies to complete everything to the required standard, in minimum time. But not everyone is an all-star. What is needed is a tool that organizes the worker so that everything gets done, in the right order, on time, and nothing is missed or skipped.

Isn't it about time for WANDATM to get out of the washroom, and become a tool for getting the other jobs, in just about every industrial setting, done. Industries are looking for this tool, and struggling to develop and implement systems internally because they are not available in a form that they can use, in the marketplace.

Activity logging is the key as it provides QA/QC data that can be used to prove that the required inspections, maintenance, and safety precautions have been completed, correctly, even for legal purposes. Working on a smartphone allows uploading of timestamped photo and video records as well. Visionstate will also have access to the aggregate data of its clients. This can result in regional or national data on a wide variety of processes or desired outcomes. This data could hold substantial economic value or be used to improve practices and even foster better regulatory policy. Just think how much the data that could be generated, when WANDATM is implemented at a wide enough scale, could be worth. The data generated can then lead to better decisions made by the organization, and that can impact all facets of the business.

I encourage Visionstate to continue to grow WANDATM and expand its capabilities to get jobs done and to manage and coordinate the work. I look forward to WANDATM Ultimate: no limits.
 
John Putters on how the AI driven WANDA™ from Visionstate is Changing the Standards for Cleanliness in Facility Management

 
Visionstate Q4 Management Discussion Highlights (Available On Sedar)

Accomplishments in 2023: In 2023, Visionstate Corp. achieved notable milestones:

· Signed a three-year agreement with a global partner, doubling monthly retainer revenue in Canada and expanding operations to key international locations, including the UK and Australia.

· Experienced significant business growth toward the end of the fiscal year, deploying WANDA in Canadian universities and doubling its footprint in the US, notably with its largest customer in that territory.

· Launched new Time of Flight (ToF) sensors for people counting, enhancing data insights for WANDA and proving valuable for facility operational performance analysis.

Strategy for 2024:

For 2024, Visionstate Corp. is strategically focusing on aggressive expansion in the US with WANDA. Plans include website upgrades for online subscriptions, lead generation strategies, and participation in major US conferences on cleaning and facility management. The company is also actively working on enhancing WANDA by developing new technology for equipment tracking and preventative maintenance which will be introduced to the market in the third fiscal quarter. The Company also anticipates launching ViCCi 2.0 in the second fiscal quarter which will further diversify Visionstate’s revenue streams.

Visionstate IoT Inc.:

Visionstate IoT Inc. specializes in developing technology, notably the "WANDA" product, for tracking and monitoring cleaning and maintenance activities in various environments. In fiscal 2023, Wanda evolved into a mobile version, WandaMOBILE, expanding its footprint beyond restrooms to become a complete facility management tool. The touchless and scalable nature of WandaMOBILE makes it particularly relevant in the context of COVID-19, aligning with new standards for interacting with publicly accessible technology. For fiscal 2024, Visionstate IoT Inc. is focusing on deploying WandaMOBILE, targeting large customers such as municipalities and school districts, with three-year contracts and monthly residuals based on activations per customer.

In 2023, Next Vision IoT Inc. developed IoT sensors for people counting using Time of Flight technology. People counting gives important context to facility management activities as it measures efficiency in cleaning and resource use against customer demand. The Company has since deployed 50 units to three locations in Canada including two university campuses and a large shopping centre in Calgary, Alberta.

On November 23, 2023, the Company announced that, subject to regulatory approval, it intends to complete an offering of up to 20,000,000 units of the Company (“Units”) at a price of $0.02 per Unit for gross proceeds of up to $400,000. Each Unit is comprised of one (1) common share of the Company (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”) whereby each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.05 per Common Share for a period of two (2) years following the date of closing. Between December 15 and December 21, 2023, $315,000 were received from subscribers for shares to be issued in late January 2024, which includes 5,000,000 Units issued to certain insiders of the Company.
 
Visionstate Announces Conditional Approval of Financing and 30-Day Extension

Edmonton, Alberta – TheNewswire - February 8, 2024 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), is pleased to announce it has received conditional approval from the TSX Venture Exchange for the Company’s current non-brokered financing of up to $400,000 announced November 23, 2023. The Company would also like to announce the Exchange has granted an extension to the financing which will now close on or before March 7, 2024.

The Company is undertaking a $400,000 financing for the issuance of 20,000,000 units at $0.02 per unit, with each unit consisting of one common share and one full warrant exercisable at $0.05 for two years.

The funds raised will primarily be allocated to expand the Company's product marketing efforts in the United States, where Visionstate IoT Inc., the Company's main operating division, has already established a strong presence with several prominent customers. The targeted focus will be on resellers of the WANDA™ product, a cutting-edge facility management application designed to track cleaning and maintenance activities.

In addition to fortifying its position in the US market, Visionstate Corp. will allocate resources to enhance its ViCCi 2.0 product. Set to launch in 2024, ViCCi 2.0 represents a significant evolution from its predecessor, leveraging artificial intelligence and conversational interfaces to provide advanced virtual customer assistance in brick and mortar settings.

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
 
IoT solutions company raises cleaning standards


The following is a transcription of the above video, and The Market Online Canada has edited it for clarity.

Our next company is Visionstate Corp. (TSXV:VIS), headquartered in Edmonton. The company is focused on delivering data-driven, innovative and sustainable IoT (internet of things) solutions.
We sat down with CEO John Putters, who recently spoke about the company and its recent projects.

TMO: For our listeners who may not be aware, can you provide a brief overview of Visionstate?
Putters: Absolutely, Visionstate is a publicly traded company on the TSX Venture Exchange, under the symbol VIS. Its core business is technology focused on IoT solutions in the facility management space. The company’s software tracks cleaning and maintenance activities in large facilities providing in-depth analytics and AI insights.

The company’s main product is branded as WANDA™️, and it’s actually the first line of defense in fighting infection by providing and ensuring a better cleaning environment.

TMO: Tell our audience about the company’s WANDA™️ technology and how it’s different than the competition.

Putters: The technology is fairly straightforward, and you know, some of the best advantages are like that.

The technology uses a mobile app with QR codes. QR codes are installed in facilities, its strategic locations and kitchens, hallways, that sort of thing. And the staff use those codes to scan with their phone, which timestamps their presence at that location, gives them a list of activities, what we call cleaning protocols.

In conjunction with this, we all also have sensors, for example people-counting sensors. And that data is also fed into our analytics. Once the cleaning staff completes a cleaning activity in a room, this information is submitted, and it goes into a database which provides actionable insights to the facility.

I think our main competitive advantage outside innovation, because I know a lot of companies say, well, we’re innovative, that makes us different, is really the fact that we have a global partner. And what this means is that, first of all, they’re focused in this area specifically in cleaning and hygiene, but it provides us access to a global market through their sales force.

And so as a consequence of this we are growing very quickly, and we believe that market share will be a significant factor in our ongoing competitive advantage.

TMO: What’s the approximate market size for the WANDA™️ technology?

Putters: Well, actually the market size is enormous, it’s in the hundreds of millions, literally. The reason being is that it really includes any type of facility in the world, you know, including office buildings, school divisions, airports, hospitals, universities, hospitality sector, shopping centres, and many others.

And, basically, Wanda™️ is designed to track protocols to ensure cleaning standards are met. This is an issue in basically every large facility, no matter what type of facility it is. So, the market for us is extremely, extremely large.

TMO: Moving on to growth, what contributed to the company’s growth over the past year?

Putters: Well, specifically, I mentioned that we do have a global partner that is passionate about IoT solutions. We re-signed our agreement with our global partner just recently, in October 2023.
Part of that is an annual retainer that they pay us on exclusive rights to distribute the product in Canada. And that doubled in that contract, but it also expanded the reach to Europe and the U.K., and we’re already doing projects in those markets. So, our business has accelerated significantly as a result of that contract. The partner we have doesn’t have a presence in the U.S. yet, so we’re also doing direct sales into the U.S.

We have a very large customer there called Blackstone Real Estate. It’s one of the largest private equity real estate companies in the world. And you would see WANDA™️ in their Class A buildings in Manhattan. They continue to expand as well. The company’s actually growing at a phenomenal pace. And our focus is actually on customer acquisition because we are a residual company or software as a service, as many know it as.

TMO: From a broader outlook, what does the company have planned for 2024?

Putters: We have several focuses for 2024 in Canada. The company is going to maximize its distribution agreement with its global partner by continuing to install in large facilities. And of late, we’ve been doing a lot of universities and, and part of the reason for that is, you know, the university wants to provide a clean, safe environment for students.

And this is one way of doing that and proving it. We’re going to maximize our opportunities in the U.S. in the meantime. We’re doing direct sales into the U.S., leveraging our existing customer base, but we’re also doing lead generation advertising and that sort of thing.

So, there’s a real focus on that, which aligns with our broader IoT solutions focus. Then, because of the new agreement, there’s this whole new market with Europe and the U.K. We’re putting in the infrastructure to grow that. But we’ve also got some ongoing installations that we’re working on right now, including (the) Uber head office in London, England.

So, they’re exciting projects and we’re starting to get a foothold there. We see 2024 is very exciting and a real growth year for the company.
 

Visionstate closes $400,000 private placement​

2024-02-22 15:04 ET - News Release

Mr. John Putters reports

VISIONSTATE ANNOUNCES CLOSING OF FULLY SUBSCRIBED FINANCING

Visionstate Corp. has closed the company's non-brokered private placement of $400,000 announced Nov. 23, 2023. The financing resulted in the issuance of 20,000,000 units at $0.02 per unit, with each unit consisting of one common share and one full warrant exercisable at $0.05 for two years, subject to an acceleration clause. The units issued from the placement are subject to a 4 month hold from the date of issuance. The financing also included investments from beneficial shareholders including Company directors and officers, Belinda Davidson, John Putters and Randa Kachkar, and Monte Goble, a company insider.

The funds raised will primarily be allocated to expand the Company's product marketing efforts in the United States, where Visionstate IoT Inc., the Company's main operating division, has already established a strong presence with several prominent customers. The targeted focus will be on resellers of the WANDA(TM) product, a cutting-edge facility management application designed to track cleaning and maintenance activities.

In addition to fortifying its position in the US market, Visionstate Corp. will allocate resources to enhance its ViCCi 2.0 product. Set to launch in 2024, ViCCi 2.0 represents a significant evolution from its predecessor, leveraging artificial intelligence and conversational interfaces to provide advanced virtual customer assistance in brick-and-mortar settings.

The issuance of units to insiders pursuant to the offering 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 ("MI 61-101"). The offering will be exempt from the formal valuation requirement based on paragraphs (a) and (b) in section 5.5 of MI 61-101 since the aggregate consideration to be paid by the related parties will not exceed 25% 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% 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 $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

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(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.
We seek Safe Harbor.
 
Visionstate Announces $700,000 Financing

Edmonton, Alberta – TheNewswire - March 4, 2024 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), a leading provider of Internet of Things (IoT) solutions, today announced a non-brokered private placement of up to $700,000. The financing will consist of one full unit at $0.02 (two cents) per share, along with a full warrant exercisable at $0.05 (five cents) per share for a term of 24 months upon closing, subject to an acceleration clause on the same terms as the prior placement.

The price per share is based on the previous closing price of the Company's common shares on Friday, March 1, 2024. The Company intends to issue up to 35 million shares for this financing round. This non-brokered placement follows the successful closure of a financing round totaling $400,000, which was oversubscribed and closed on February 22, 2024. The financing is subject to regulatory approval and customary closing conditions.

The issuance of units to insiders pursuant to the offering 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 (“MI 61-101”). The offering will be exempt from the formal valuation requirement based on paragraphs (a) and (b) in section 5.5 of MI 61-101 since the aggregate consideration to be paid by the related parties will not exceed 25% 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% 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 $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

"The additional capital raised through this non-brokered private placement will provide us more resources, enabling us to accelerate the development and commercialization of innovative products," said John Putters, CEO of Visionstate Corp. "These investments will not only enhance our current offerings but also diversify our revenue base, positioning Visionstate for sustained growth and market leadership in the IoT sector."

Proceeds from the placement will be primarily allocated towards the development and commercialization of new products designed to enhance the Company's IoT solutions and expand its market reach. Visionstate Corp. remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.

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: u/visionstate

Facebook: u/visionstate

LinkedIn: Visionstate Corp.
 
Visionstate Corp.'s Portfolio Company, Sol Spaces, Partners with Diplomat Consulting to Tackle Homelessness and Affordable Housing Crisis in Edmonton

Edmonton, Alberta / TheNewswire / March 12, 2024 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), is proud to announce that its portfolio investment company, Sol Spaces Inc., has entered into a strategic agreement with Diplomat Consulting Inc. (“Diplomat”) to represent Sol Spaces as it endeavors to deploy transitional housing options to address homelessness and affordability challenges in Edmonton, Alberta.

Diplomat, renowned for its expertise in regulatory intelligence, communications, and corporate development, will play a pivotal role in advocating for Sol Spaces' innovative solutions in transitional and affordable housing. Sol Spaces specializes in leveraging technology and intelligent design to construct modern living spaces tailored to meet the unique needs of transitional housing and affordable housing initiatives.

In Edmonton, where homelessness has reached a state of emergency, Sol Spaces stands ready with its modularized studio living spaces, poised to offer a scalable solution to the pressing housing crisis. Utilizing cutting-edge technologies such as IoT and AI, Sol Spaces ensures optimal building performance from inception, providing residents with safe, comfortable, and sustainable living environments.

" We are excited to work with Sol Spaces, an innovative technology focused building provider based in Edmonton," said Nathan Mison, President of Diplomat. "By placing the best of today’s modern technologies directly into their building structures, this will increase livability, sustainability, and long-term affordability. As we continue to usher in the modern digital era, technological innovations need to be the new norm in all industries, housing included."

Elliott Putters, President of Sol Spaces, emphasized the company's dedication to making a meaningful impact through community-driven approaches, stating, "At Sol Spaces, we believe in taking a ground-up approach to address homelessness and affordability. Our mission is to create not just homes, but vibrant communities that empower individuals and families to thrive."

The demand for transitional housing solutions is staggering, with an estimated 230,000 Canadians experiencing homelessness annually. To meet this growing need, Canada must build an additional 3 to 5 million units of affordable housing by 2023.

Recognizing this urgency, the federal government recently granted the City of Edmonton $175 million to address homelessness and housing affordability.

For more information about Sol Spaces and its innovative housing solutions, please visit www.solspaces.com.
 
Visionstate Corp. Announces Business Update: Expanding Reach and Enhancing Capabilities

Edmonton, Alberta – TheNewswire - April 5, 2024 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), a leading provider of innovative facility management solutions, is pleased to provide a comprehensive business update highlighting recent achievements and strategic initiatives.

WANDA™ Updates

BC Campus: Visionstate is thrilled to announce that its recent installation in a large BC university campus is expanding to its satellite campuses, marking a significant milestone in our evolution. This expansion opens new avenues for collaboration and growth, underscoring our commitment to supporting educational institutions in optimizing their facility management processes.

National Cleaning Company: Visionstate is delighted to confirm our inaugural installation with a national cleaning company. This installation sets the stage for future expansion within the cleaning sector, demonstrating the value and effectiveness of our solutions in enhancing operational efficiency and customer satisfaction.

Growth in the Casino Sector: Visionstate is witnessing promising growth opportunities in the casino industry for its WANDA™ product. As with any facility, tracking cleaning protocols to ensure efficiency is paramount. In casinos, WANDA™ can not only ensure cleanliness and responsiveness to cleaning alerts, but also receive feedback from the public simply by scanning the WANDA™ QR code. With plans to expand our current largest casino partner and install in a new casino next month, we are strategically positioned to capitalize on the evolving needs of this dynamic sector. This will set the stage for the Company’s attendance at a large facility management conference in Las Vegas in the fourth quarter of 2024.

Expansion with National Building Services Contractor (BSC): Including campuses outside of BC, our partnership with a national BSC is expanding beyond BC campuses, showcasing the scalability and effectiveness of our solutions in diverse educational settings. This expansion underscores our commitment to delivering tailored facility-management solutions that drive operational excellence.

Upcoming Installation at Large Vitamins and Supplements Manufacturer: Visionstate is gearing up for an installation at a natural remedy company in April, further diversifying our client portfolio and extending our reach into new markets. This installation reflects the diverse applications for WANDA as we deliver cutting-edge solutions that meet the unique needs of our clients.

Installation at BC Interior Mall: Our upcoming installation at a BC Interior Mall highlights our continued success in the retail sector. By providing tailored solutions that address the specific challenges faced by retail environments, Visionstate is empowering businesses to optimize their operations and enhance customer experiences.

U.S. Market Expansion: Visionstate is pleased to report progress in expanding into the U.S. market. With multiple businesses in the sales funnel at various stages, we are encouraged by the strong interest and potential growth opportunities across the border. The Company seeks to build that market based on the success of large installations in New York and Miami for a global private-equity real estate firm.

Technology Developments

Aggressive Development of Inspection/Auditing Functionality: Development of our inspection and auditing functionality remains a top priority. By expanding these capabilities, we aim to better serve our clients' evolving needs and deliver enhanced value through actionable insights and streamlined processes.

Exploring New Business Categories for WANDA™: Visionstate is actively exploring new business categories where our flagship solution, WANDA™, can add value. WANDA™ is a facility management tool designed to track cleaning protocols and measure efficiency in delivering frontline cleaning services. WANDA™ analytics provides a valuable tool for facility managers to understand how effectively they are delivering services to their clients. It is a subscription-based technology that incorporates a mobile app and WANDA™ tablets.

Developing AI Use Cases: We are enhancing our AI capabilities to maximize our customers' access to actionable insights and digestible information. Through the development of AI use cases, we empower our clients to make informed decisions that drive operational efficiency and business success.

ToF People Counters: Visionstate’s innovative Time of Flight, battery-operated, people counting sensors continue to demonstrate value. Since December 2023, the Company has deployed 35 sensors and has orders for an additional 50 sensors during the next two months. People counters provide valuable insights into cleaning and operational efficiencies. The Company anticipates accelerating deployment as it commoditizes production and distribution.

ViCCi 2.0 AI-Powered Customer Service: Visionstate is nearing completion of its new conversational AI application for customer service in physical environments. Developed in partnership with Fluido.ai, ViCCi 2.0 relies on AI to provide a wealth of information about the facility and its services, as well as wayfinding to multiple locations. The technology includes proximity sensors that detect a customer’s presence, welcomes them to the facility, and offers whatever assistance is required. The new ViCCi 2.0 product adds a new revenue stream to Visionstate. The Company intends to market ViCCi 2.0 initially through existing WANDA™ customers which include hospitals, shopping centres, Class A buildings, universities, and casinos to name a few. ViCCi 2.0 is able to speak any language.

Business Development

Expanding Global Presence in the UK: Visionstate is excited to meet with representatives from our global partner who will be visiting our offices to discuss expansion into this large, new market. The global partnership is strengthening WANDA™'s presence and expanding our reach into international markets.

Confirmed Presence at Interior BC Trade Show: We have confirmed Visionstate's presence at a key trade show in Interior BC, focusing on the education sector. This presents an excellent opportunity to showcase our solutions and network with industry leaders.

Financing: Visionstate is also pleased to provide an update on its current financing. The Company seeks to raise $700,000 to accelerate development and marketing of the WANDA™ product. Visionstate has so far raised approximately $500,000 and seeks to close the entire offering within the next 30 days.

"We are excited about the progress and achievements outlined in this business update," said Shannon Moore, President of Visionstate IoT Inc. "As we continue to expand our reach, enhance our capabilities, and drive innovation, we remain committed to delivering unparalleled value to our clients and stakeholders."

For more information about Visionstate Corp. and its innovative facility management solutions, please visit www.visionstate.com

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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