CA Market News
1月前
Visionstate Reports 27% Q2 Revenue Growth as MIRA Platform Gains TractionMay 6, 2026 9:00 AM
NewsfileEdmonton, Alberta--(Newsfile Corp. - May 6, 2026) - Visionstate Corp. (TSXV: VIS) today reported its financial results for the second quarter ended March 31, 2026, highlighting 27% year-over-year revenue growth and increasing market traction for its MIRA compliance platform, as organizations accelerate adoption of compliance-driven solutions across multiple sectors.Revenue for the three-month period ended March 31, 2026, increased to $262,114, compared to $206,350 in the same period in 2025. For the six-month period, revenue increased to $404,719, compared to $353,258 in the prior year period.The increase in revenue reflects continued growth in the Company's recurring licensing base, supported by new deployments and early-stage activity in the United States market.Gross margins remained strong at approximately 72% for the quarter and 79% year-to-date, demonstrating the scalability of the Company's software-driven business model.Operating expenses were reduced during the period, with selling, general and administrative expenses declining to $66,921 for the quarter, compared to $107,599 in the same period in 2025, and to $129,814 for the six-month period, compared to $210,637 in the prior year period. The reduction reflects management's focus on cost discipline and a shift toward revenue-generating activities."These results reflect the continued execution of our strategy," said John Putters, CEO of Visionstate Corp. "We are seeing measurable revenue growth, improving operating efficiency, and increasing adoption of our MIRA platform. As regulatory requirements and liability considerations continue to rise, organizations are moving toward systems that provide real-time verification and audit-ready data."MIRA Platform TractionDuring the quarter, Visionstate continued to advance its MIRA platform, which enables organizations to digitally verify cleaning activities, conduct inspections, and generate audit-ready data in real time.The platform is designed to support evolving regulatory and operational requirements across healthcare, transportation, commercial real estate, and public facilities.The Company's positioning within the compliance segment is supported by regulatory developments such as Ontario's Bill 190, which requires the public display of cleaning records in certain facilities. Management believes these developments reflect a broader shift toward accountability, transparency, and documented operational workflows.Recurring Revenue ModelVisionstate operates under a software-as-a-service (SaaS) model, where each new customer deployment contributes to a growing base of recurring revenue through annual licensing and subscription fees.This model provides increasing revenue visibility and predictability over time, as each new installation builds on the Company's cumulative subscription base.The Company has also introduced additional revenue layers through modules such as MIRA Inspections, which expands revenue per location while increasing platform adoption within client operations.U.S. Market ActivityDuring the period, Visionstate continued to build its presence in the United States through distribution partnerships and targeted sales initiatives. A U.S.-based distribution partner has commenced activity, with revenue expected to be reflected in subsequent reporting periods.Management believes that expanding distribution channels will support increased subscription growth over time.Operational Efficiency and Platform DevelopmentThe Company continues to focus on operational efficiency, prioritizing scalable, high-margin software solutions while reducing reliance on lower-margin activities.Visionstate is also advancing platform capabilities through enhancements in reporting, analytics, and AI-driven functionality under its TidyLogic initiative, which is designed to support predictive insights and improved operational decision-making.OutlookVisionstate's priorities for the remainder of fiscal 2026 include continued growth in recurring subscription revenue, increased adoption of compliance and inspection modules, and further development of analytics and AI-driven capabilities. The Company also expects continued progress in its U.S. initiatives as distribution activity expands."We believe we are at the early stages of a structural shift toward compliance, transparency, and real-time verification," added Putters. "Our focus is on scaling the MIRA platform, growing our recurring revenue base, and positioning the Company to participate in this evolving market."Upcoming Investor Coffee ChatVisionstate will host its next investor Coffee Chat on Thursday, May 7, 2026, at 10:30 AM EST. Management will provide an update on the Company's recent performance, ongoing initiatives, and market positioning of its MIRA compliance platform. Interested participants may request conference details by emailing info@visionstate.com.About Visionstate Corp.Visionstate Corp. (TSXV: VIS) is a technology company focused on compliance-driven subscription solutions for regulated and high-traffic facilities. Through its wholly owned subsidiary, Visionstate IoT Inc., the Company delivers the MIRA platform, which enables organizations to digitally verify, audit, and document operational activities in support of regulatory transparency and accountability requirements.The Company's subscription-based platform is deployed across hospitals, airports, shopping centres, educational institutions, and other public facilities across North America.Issued on behalf of the Board of Directors,"John A. Putters"
Visionstate Corp. To learn more, please contact:Visionstate Corp.
John Putters, CEO
Email: jputters @yanks23dm-9460Twitter: @visionstate
Facebook: @visionstate
LinkedIn: Visionstate Corp.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking StatementsCertain information set forth in this material 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 financial position, business strategy, use of proceeds, corporate 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 information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These 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 regulatory approvals. Readers are cautioned that the assumptions 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296076 Original: Visionstate Reports 27% Q2 Revenue Growth as MIRA Platform Gains Traction
CA Market News
2月前
Visionstate Adds Ontario Health Region, Expands Recurring Revenue and U.S. FootprintApril 15, 2026 9:00 AM
NewsfileEdmonton, Alberta--(Newsfile Corp. - April 15, 2026) - Visionstate Corp. (TSXV: VIS) today announced the addition of a new Ontario-based health region to its compliance software platform, representing five hospitals and associated facilities, while also reporting continued expansion of its footprint in the United States through additional deployments within Class A office tower environments in New York City.These developments build on the Company's previously reported subscription growth and reflect continued adoption of its compliance platform across multiple sectors.Visionstate has recently deployed its compliance platform across a new health region in Ontario, representing five hospitals and associated ancillary facilities, with the ability to track up to approximately 100 locations per site. This deployment adds five new software licenses to the Company's growing base of recurring revenue.The adoption is driven in part by regulatory changes in Ontario, including Bill 190, which requires greater transparency and documentation of cleaning activities in public facilities. While the legislation came into effect on January 1, 2026, many organizations continue to implement technology solutions to meet compliance requirements."This deployment demonstrates both the scalability of our platform and our ability to onboard complex healthcare environments efficiently," said John Putters, CEO of Visionstate Corp. "Healthcare operators are under increasing pressure to document compliance, and our platform provides a structured, digital solution to meet those requirements."Visionstate emphasized that its business model is based on software-as-a-service, where each new deployment contributes to a growing base of recurring revenue.The Company also reported continued expansion of its footprint in the United States, including a recent purchase order supporting further deployment within Class A office tower environments in New York City. These deployments include additional annual license fees for Visionstate's compliance solutions, including tablets and IoT-based devices, and reflect continued adoption by an existing global customer.The new deployments will add an anticipated $10,000 US per year to the residual revenue, or $50,000 for the term of the contract with the US customer and $8,000 CDN per year or $40,000 for the term of the contract for the health region in Ontario. This is in addition to the 160 licences Visionstate now has with customers on a recurring basis. "This expansion within an established customer environment demonstrates both satisfaction with the platform and the ability to scale across large, complex portfolios," said Putters.Sol Spaces Operational UpdateVisionstate also provided an update on Sol Spaces Inc., a company focused on modular greenhouse and utility space solutions, in which Visionstate holds an approximate 40% interest.For the year ended December 31, 2025, Sol Spaces reported:Total revenue of approximately $142,000 Gross profit of approximately $110,700 Net loss of approximately $12,000 Revenue was generated through a combination of development services, hardware sales, greenhouse products, and installation services.Sol Spaces recently participated in the Edmonton Home and Garden Show, where interest in its greenhouse products was strong and resulted in multiple sales following the event.Management believes this demand reflects broader trends, including rising food costs, supply chain disruption, and increased interest in local food production."Sol Spaces is as much a technology company as it is a builder," said Putters. "Advancements in climate control, energy efficiency, and integrated systems are enabling more effective local food production, which is becoming increasingly important in today's environment."Upcoming Shareholder UpdateVisionstate will host its next Coffee Chat shareholder update on:
Thursday, May 7, 2026
8:30 AM to 10:00 AM MST
10:30 AM to 12:00 PM EST
The session will follow the release of the Company's Q2 financial results. Shareholders and interested participants may request login details by contacting: info@visionstate.comAbout Visionstate Corp.Visionstate Corp. (TSXV: VIS) is a technology company focused on compliance-driven subscription solutions for regulated and high-traffic facilities. Through its wholly owned subsidiary, Visionstate IoT Inc., the Company delivers the MIRA platform, which enables organizations to digitally verify, audit, and document operational activities in support of regulatory transparency and accountability requirements.The Company's subscription-based platform is deployed across hospitals, airports, shopping centres, educational institutions, and other public facilities across North America.Issued on behalf of the Board of Directors,
"John A. Putters"
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, CEO
Email: jputters @yanks23dm-9460
Twitter: @visionstate
Facebook: @visionstate
LinkedIn: Visionstate Corp.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements
Certain information set forth in this material 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 financial position, business strategy, use of proceeds, corporate 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 information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These 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 regulatory approvals. Readers are cautioned that the assumptions 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292508
Original: Visionstate Adds Ontario Health Region, Expands Recurring Revenue and U.S. Footprint
CA Market News
3月前
Visionstate Reports Accelerating Subscription Growth and Expansion of MIRA Compliance PlatformMarch 18, 2026 9:00 AM
NewsfileEdmonton, Alberta--(Newsfile Corp. - March 18, 2026) - Visionstate Corp. (TSXV: VIS) today provided an operational update highlighting continued subscription growth and expanding adoption of its MIRA compliance platform, building on the baseline metrics previously reported for fiscal 2026.Since the Company's last update, Visionstate has added 11 new location subscriptions across 12 installations during the period from early February through mid-March 2026, further strengthening its recurring revenue base. This represents approximately $11,000 in new revenue for the quarter and approximately $33,000 in annual license fees to be invoiced each January.As a subscription-based model, these revenues are cumulative, with each new deployment building on the existing base and increasing the predictability and scale of recurring revenue over time. The Company currently reports approximately 145 active annual location subscriptions, representing its existing recurring revenue base, which continues to grow through new deployments and subscription additions."This level of growth, driven through a single distribution partner, provides a clear foundation for scaling the MIRA platform," said John Putters, CEO of Visionstate Corp. "As we expand our distribution footprint, particularly into the U.S., we believe this model will support a higher rate of subscription growth going forward."MIRA is Visionstate's compliance-intelligence platform designed to help facilities digitally verify cleaning activities, conduct inspections, and generate audit-ready data in real time. As regulatory requirements and liability considerations increase, such as Bill 190 in Ontario, facility operators are moving away from manual logs toward systems that provide verifiable, time-stamped records of work performed. Across healthcare, public venues, transportation hubs, and commercial buildings, the ability to demonstrate compliance is becoming a legislated or baseline expectation rather than an added feature. MIRA addresses this shift by transforming routine operational tasks into structured, reportable data that supports transparency, accountability, and informed decision-making.Healthcare Pilot and New Market PenetrationThree of the new subscriptions were deployed under a pilot agreement with a U.S.-based facilities services distributor, representing early installations across multiple healthcare facilities. These initial deployments include two large regional hospitals and an ambulatory care centre within a major metropolitan healthcare system."These early installations demonstrate the importance of compliance verification in high-traffic environments such as healthcare," said Putters. "Organizations are increasingly focused on documented cleaning standards, audit readiness, and liability management, all of which are supported through the MIRA platform."Expansion Across Multiple Facility TypesIn addition to the healthcare pilot deployments, four additional subscriptions were added across five locations, including industrial facilities, educational environments, large public venues, and airport-related service operations.These deployments highlight the broad applicability of the MIRA platform across diverse facility types where compliance, operational transparency, and customer confidence are critical."These are cumulative, multi-year subscription agreements that contribute to our growing recurring revenue base," Putters added. "Each additional deployment strengthens the foundation of the platform and moves us closer to operating scale."New Distributor ActivityThe Company also confirmed that a newly onboarded distributor has initiated installations, contributing four additional locations to the platform. These early deployments include a film production studio facility, representing a new industry segment for Visionstate's compliance technology. The value of this relationship is expected to contribute additional recurring revenue through annual license renewals and support the Company's path toward operating scale.Subscription Model and Path to ScaleVisionstate's subscription model is structured around recurring location-based pricing of approximately $960 per location annually, with additional modules such as MIRA Inspections available at approximately $80 per month per location.Management continues to view subscription growth as the primary driver toward profitability. As previously disclosed, approximately 400 active monthly location subscriptions are estimated to be required to achieve operating break-even within Visionstate IoT Inc., the Company's operating subsidiary."These recent additions build on our existing subscription base and demonstrate the early momentum of our compliance-intelligence model," said Putters. "With additional distributors coming online, we expect this growth trajectory to continue as additional distribution channels come online."Compliance-Driven Market OpportunityVisionstate continues to position MIRA as a compliance-intelligence platform designed to support:Regulatory requirements such as Ontario's Bill 190Digital verification of cleaning and operational workflowsInspection auditing and documentationLiability mitigation related to facility conditionsData-driven operational decision-makingManagement believes these trends reflect a broader shift toward accountability and transparency across physical environments.About Visionstate Corp.Visionstate Corp. (TSXV: VIS) is a technology company focused on compliance-driven subscription solutions for regulated and high-traffic facilities. Through its wholly owned subsidiary, Visionstate IoT Inc., the Company delivers the MIRA platform, which enables organizations to digitally verify, audit, and document operational activities in support of regulatory transparency and accountability requirements.The Company's subscription-based platform is deployed across hospitals, airports, shopping centres, educational institutions, and other public facilities across North America.Issued on behalf of the Board of Directors,"John A. Putters"
Visionstate Corp. To learn more, please contact:
Visionstate Corp.
John Putters, CEO
Email: jputters @yanks23dm-9460 Twitter: @visionstate
Facebook: @visionstate
LinkedIn: Visionstate Corp.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain information set forth in this material 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 financial position, business strategy, use of proceeds, corporate 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 information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These 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 regulatory approvals. Readers are cautioned that the assumptions 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288853
Original: Visionstate Reports Accelerating Subscription Growth and Expansion of MIRA Compliance Platform
CA Market News
4月前
Visionstate Repositions Under MIRA Compliance Platform and Reports Subscription GrowthFebruary 19, 2026 9:00 AM
NewsfileEdmonton, Alberta--(Newsfile Corp. - February 19, 2026) - Visionstate Corp. (TSXV: VIS) today announced a strategic repositioning of its technology offerings under a unified compliance-focused platform brand, MIRA, and provided an update on subscription activity entering fiscal 2026."For several years, Visionstate has been described primarily as an IoT (Internet of Things) facility management solution," said John Putters, CEO of Visionstate Corp. "As regulatory and operational accountability requirements increase, we believe it is more accurate to describe our business as a compliance-focused subscription platform. MIRA reflects that positioning and the broader compliance opportunity we are addressing."The Company believes that regulatory initiatives such as Ontario's public cleaning transparency requirements under Bill 190 are indicative of a broader structural shift toward documented compliance, inspection auditing, and operational verification across facilities.In response to this shift, Visionstate has strengthened and simplified its subscription model to improve recurring revenue visibility, standardize pricing, and provide clearer metrics for measuring growth. Management notes that the Company's subscription-based model provides operating leverage once fixed costs are covered.Subscription Activity - January 2026 BaselineAs of January 2026, the Company reports:110 active rebilling location subscriptions35 new location subscriptions added during January 2026For comparison, in January 2025, the Company recorded one new subscription.These figures reflect subscription activity through the Company's existing primary distribution partner. The current fiscal quarter concludes on March 31, 2026, and subscription activity may vary throughout the remainder of the quarter as the Company works to advance opportunities currently within its sales pipeline."The January subscription activity provides a measurable acquisition baseline from one distribution channel," Putters stated. "It allows us to evaluate subscription growth using actual performance data."Subscription Model and Path to Operating ScaleMIRA platform location subscriptions are priced at $960 per location annually, or approximately $80 per month, excluding optional add-ons, services, and retainers.In addition, MIRA Inspections, introduced in 2025, is priced at approximately $80 per month per location, representing an additional recurring revenue stream when adopted alongside the core MIRA subscription.Visionstate's operating subsidiary, Visionstate IoT Inc., generates revenue through a recurring subscription model with largely fixed operating costs.Based on current cost structure and average core location subscription pricing, management estimates that approximately 400 active monthly location subscriptions would be required to achieve operating break-even within Visionstate IoT Inc.The Company currently reports approximately 145 active location subscriptions through its existing sales channel at $960 per subscription per year in recurring revenue. As the subscriptions renew each year, the revenue is cumulative and added to new licencing revenue. Based on this subscription base, an average net increase of approximately 20-25 core location subscriptions per month over the next twelve months, assuming consistent acquisition and retention rates, would position the Company to approach operating break-even within that timeframe. January 2026 subscription activity was above this illustrative monthly level; however, management cautions that monthly results may vary.Management notes that this break-even estimate is calculated using core subscription pricing only and does not include potential incremental revenue from MIRA Inspections, retainers, implementation services, audit services, or other ancillary revenue streams associated with the platform."With fixed operating costs largely established, expansion of both core subscriptions and inspection modules contributes to operating scale," Putters added.MIRA Platform OverviewUnder the MIRA brand, Visionstate integrates:Cleaning verification and regulatory transparency toolsMIRA Inspections, a compliance and auditing module priced per locationPublic reporting and feedback captureWork order and incident trackingData analytics and predictive modeling capabilitiesManagement believes that combining verification, inspection auditing, and predictive analytics strengthens the Company's positioning within the compliance segment.2026 Focus"2025 was focused on platform development," Putters concluded. "In 2026, we are focused on scaling the MIRA compliance platform and advancing toward operating efficiency within our subscription model."About Visionstate Corp.Visionstate Corp. (TSXV: VIS) is a technology company focused on compliance-driven subscription solutions for regulated and high-traffic facilities. Through its wholly owned subsidiary, Visionstate IoT Inc., the Company delivers the MIRA platform, which enables organizations to digitally verify, audit, and document operational activities in support of regulatory transparency and accountability requirements.The Company's subscription-based platform is deployed across hospitals, airports, shopping centres, educational institutions, and other public facilities across North America.Issued on behalf of the Board of Directors,
"John A. Putters"
Visionstate Corp. To learn more, please contact:Visionstate Corp.
John Putters, CEO
Email: jputters @yanks23dm-9460 Twitter: @visionstate
Facebook: @visionstate
LinkedIn: Visionstate Corp.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements
Certain information set forth in this material 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 financial position, business strategy, use of proceeds, corporate 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 information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These 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 regulatory approvals. Readers are cautioned that the assumptions 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284429
Original: Visionstate Repositions Under MIRA Compliance Platform and Reports Subscription Growth
JonnyRBuck12
1年前
Visionstate Provides Strategic, Technology Update, Including New Ai Model
Edmonton, AB March 10, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS) is pleased to provide an update on the technological advancements and strategic initiatives concerning its WANDA product, an application designed to enhance operational efficiencies in facility management.
Launch of Standalone Inspections Application
In early Q3 of the current fiscal year, Visionstate will introduce a new inspections application aimed at streamlining the auditing process for facility managers assessing cleaning quality. This standalone application seamlessly integrates with WANDA, offering a comprehensive end-to-end solution. By digitizing existing processes, it facilitates enterprise-scale reporting and analytics, representing a new revenue stream for the company.
Advancements in Artificial Intelligence
Visionstate continues its collaboration with the Alberta Machine Intelligence Institute (Amii) to develop an AI model that intelligently designs cleaning schedules and optimizes routing. This innovation addresses the complexity and time-consuming nature of facility operations, leveraging AI to enhance efficiency. The company anticipates completing the model in Q4 2025, introducing another standalone product and revenue stream.
The prestige of Amii is underscored by the recent accolade awarded to one of its scientific advisors, Richard Sutton, who received the 2024 A.M. Turing Award—often referred to as the "Nobel Prize in computing"—for his foundational work in reinforcement learning.
Shannon Moore, President of Visionstate, commented on the AI initiative: "This development is transformational for facility management. By harnessing the power of AI, we're turning complex tasks into optimized processes, setting a new standard in the industry."
Compliance with Ontario's Cleaning Verification Legislation
In response to Ontario's new legislation, O. Reg. 480/24, under the Occupational Health and Safety Act, which mandates the recording of washroom cleaning activities effective January 1, 2026, Visionstate has proactively updated the WANDA software to meet these specific requirements. The regulation requires employers and constructors to maintain and post records of washroom cleanings, including the date and time of the two most recent cleanings, either physically near the facility or electronically accessible to workers.
Visionstate's objective is to ensure easy deployment to the thousands of potential customers affected by this legislation. The company will focus on onboarding these customers in Q3 and Q4, ahead of the January 1, 2026, implementation date.
For more information on WANDA or to schedule a demo, contact Visionstate today at www.visionstate.com .
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 Corp.
John Putters, CEO
Email: jputters@visionstate.com
Tel: 780-425-9460
JonnyRBuck12
1年前
Visionstate Provides Strategic, Technology Update, Including New Ai Model
Edmonton, AB March 10, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS) is pleased to provide an update on the technological advancements and strategic initiatives concerning its WANDA product, an application designed to enhance operational efficiencies in facility management.
Launch of Standalone Inspections Application
In early Q3 of the current fiscal year, Visionstate will introduce a new inspections application aimed at streamlining the auditing process for facility managers assessing cleaning quality. This standalone application seamlessly integrates with WANDA, offering a comprehensive end-to-end solution. By digitizing existing processes, it facilitates enterprise-scale reporting and analytics, representing a new revenue stream for the company.
Advancements in Artificial Intelligence
Visionstate continues its collaboration with the Alberta Machine Intelligence Institute (Amii) to develop an AI model that intelligently designs cleaning schedules and optimizes routing. This innovation addresses the complexity and time-consuming nature of facility operations, leveraging AI to enhance efficiency. The company anticipates completing the model in Q4 2025, introducing another standalone product and revenue stream.
The prestige of Amii is underscored by the recent accolade awarded to one of its scientific advisors, Richard Sutton, who received the 2024 A.M. Turing Award—often referred to as the "Nobel Prize in computing"—for his foundational work in reinforcement learning.
Shannon Moore, President of Visionstate, commented on the AI initiative: "This development is transformational for facility management. By harnessing the power of AI, we're turning complex tasks into optimized processes, setting a new standard in the industry."
Compliance with Ontario's Cleaning Verification Legislation
In response to Ontario's new legislation, O. Reg. 480/24, under the Occupational Health and Safety Act, which mandates the recording of washroom cleaning activities effective January 1, 2026, Visionstate has proactively updated the WANDA software to meet these specific requirements. The regulation requires employers and constructors to maintain and post records of washroom cleanings, including the date and time of the two most recent cleanings, either physically near the facility or electronically accessible to workers.
Visionstate's objective is to ensure easy deployment to the thousands of potential customers affected by this legislation. The company will focus on onboarding these customers in Q3 and Q4, ahead of the January 1, 2026, implementation date.
For more information on WANDA or to schedule a demo, contact Visionstate today at www.visionstate.com .
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 Corp.
John Putters, CEO
Email: jputters@visionstate.com
Tel: 780-425-9460
JonnyRBuck12
1年前
Visionstate's WANDA Enhances Facility Management in Banff, Alberta
Banff, Alberta – March 4, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS) is proud to announce the installation of its WANDA technology in the Town of Banff, one of the world’s most scenic and visited tourist destinations. This deployment underscores Banff’s commitment to proactive facility cleanliness and public engagement while aligning with a growing industry trend toward digital cleaning management.
With millions of visitors each year, Banff’s public spaces require efficient and responsive facility management. WANDA provides real-time monitoring of cleaning activities, automated alerts for service needs, and visitor counting sensors to enhance operational efficiency.
The system also empowers the public to easily report issues by scanning a QR code, ensuring that facility managers receive instant feedback and can take immediate action.
"Banff’s adoption of WANDA reflects a broader shift in the industry towards digitized cleaning management," said Shannon Moore, President of Visionstate IoT Inc. "Providing real-time tracking, public interaction, and operational insights is key to maintaining high facility standards, especially in high-traffic environments."
The move aligns with recent legislative changes in Canada, such as Ontario’s new laws requiring digital tracking of cleaning activities to enhance worker safety. As municipalities, educational institutions, and healthcare facilities embrace digital solutions, WANDA continues to lead the way in modernizing facility management and ensuring compliance with evolving standards.
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.
JonnyRBuck12
1年前
Visionstate Corp. Expands U.S. Presence with New Seattle Office, Provides Update on U.S. Listing
February 24, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS) - Visionstate Corp. (TSXV: VIS) is pleased to announce the opening of a new office in Seattle, Washington, marking a significant step in the company's expansion into the U.S. market. This new location will serve as a strategic hub to grow the adoption of Visionstate’s WANDA technology, a data-driven facility management solution that enhances operational efficiency and hygiene compliance.
Seattle, a renowned tech hub, offers a thriving ecosystem of innovation, making it an ideal location for Visionstate’s expansion. Its proximity to Edmonton also provides logistical advantages, allowing for seamless coordination between the company’s headquarters and U.S. operations. By establishing a physical presence in the U.S., Visionstate is reinforcing its commitment to scaling its operations and securing new business opportunities in a key market.
“The U.S. represents a major growth opportunity for Visionstate, and having a dedicated office in Seattle strengthens our ability to engage with customers and partners directly,” said Shannon Moore, President of Visionstate. “Establishing a local presence is a crucial step in expanding the reach of WANDA and ensuring that we can meet the evolving needs of our clients in this market.”
Additionally, Visionstate is providing an update on its U.S. listing efforts. The company remains fully prepared to proceed with the listing but has been closely monitoring market developments to determine the optimal timing for its launch. Management is committed to ensuring that the listing aligns with the best possible market conditions to maximize shareholder value and long-term growth prospects.
“With our expansion into the U.S., we are positioning Visionstate for long-term success and are strategically assessing the right time to move forward with our listing,” added Moore.
Visionstate’s continued focus on innovation and market expansion underscores its commitment to driving the future of smart facility management solutions. The Seattle office represents a key milestone in this journey, enabling the company to further accelerate growth and capitalize on new opportunities in the U.S. market.
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.
JonnyRBuck12
1年前
Legislative Changes Driving Digital Cleaning Management Adoption: How Visionstate's Wanda Solution Leads the Way
Visionstate Corp. (TSXV: VIS) February 14, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS). The facility management industry is undergoing a significant transformation, driven by advancements in Digital Cleaning Management Software (DCMS). Provinces like Ontario are at the forefront of this change, introducing new legislation that requires cleaning confirmations to enhance worker safety. This shift underscores the critical role of technology in ensuring compliance, efficiency, and accountability in facility maintenance.
The Growing Need for Digital Cleaning Management
With heightened regulatory requirements and an increasing focus on workplace safety, organizations must adopt innovative solutions to keep pace with industry demands. Digital Cleaning Management Software, such as Visionstate’s WANDA, empowers facility managers to streamline cleaning operations, track service completion in real time, and provide verifiable proof of compliance with new health and safety standards.
"The pipeline for sales has grown significantly as more industries recognize the need for digital cleaning management solutions," said Shannon Moore, President of Visionstate IoT Inc. "WANDA was considerably ahead of its time, but we are now seeing the transformation happen as more organizations embrace the technology to improve efficiency and compliance."
Case Study: WANDA at Queen’s University
Queen’s University implemented WANDA to address the challenges of maintaining and documenting cleanliness in its residence facilities. By leveraging WANDA, the university was able to enhance service responsiveness, optimize cleaning schedules, and ensure that cleaning staff adhered to regulatory requirements—all while improving overall efficiency.
Key Benefits of WANDA
1. Service Alerts for Immediate Action
Facility visitors can scan QR codes to report cleaning needs, such as low supplies or spills, which are instantly relayed to the facility manager. This real-time alert system enables prompt corrective action, improving the overall cleanliness and safety of the facility.
2. Digital Scheduling for Operational Efficiency
Traditional cleaning programs often rely on manual tracking, leading to inefficiencies and gaps in accountability. With WANDA, cleaning teams follow a centralized digital schedule, marking tasks as complete in real time. Facility managers gain instant oversight, ensuring all required tasks are performed and documented.
Broad Adoption Across Key Sectors
Visionstate is seeing significant growth in the adoption of WANDA across multiple industries, including education, municipalities, and healthcare. As organizations recognize the benefits of digitized cleaning management, WANDA is becoming an essential tool for ensuring compliance, operational efficiency, and improved facility hygiene.
Adapting to a New Industry Standard
As legislative changes continue to shape the industry, implementing a robust DCMS solution like WANDA is becoming not just an advantage but a necessity. Visionstate is committed to supporting facilities through this transition, providing a comprehensive and customizable solution to meet evolving regulatory and operational needs.
JonnyRBuck12
1年前
Visionstate's WANDA System Gains Momentum in Municipal Adoption, Enhancing Public Engagement and Cleaning Efficiency
Edmonton, Alberta – TheNewswire - January 27, 2025 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”) , a facility management technology company with IoT and AI solutions, Visionstate Corp. (TSXV: VIS) is proud to announce the growing adoption of its innovative WANDA system by municipalities across Canada, including one of the country’s premier tourist destinations. WANDA, a cutting-edge facility management tool, combines advanced task verification, data tracking, and public alert systems to help municipalities improve service delivery and build a better image for their communities.
The most recent deployment will include 10 Time of Flight, battery powered people counters to collect traffic data and set alerts on predefined volumes, including the high traffic public restrooms. WANDA QR codes will also be deployed throughout the municipality, including the recreation centre and high profile tourist information areas.
The WANDA system’s public alert feature empowers residents and visitors alike to report issues by scanning strategically placed QR codes in high-traffic areas. This feedback provides municipalities with actionable insights, such as identifying problem areas and adjusting cleaning and maintenance schedules to better align with demand. Combined with WANDA’s cleaning verification technology, facility managers gain access to real-time data on cleaning activities, enabling more efficient resource allocation and higher service standards.
Shannon Moore, President of Visionstate Corp., highlights the importance of the WANDA system in supporting municipalities’ goals for operational excellence and public engagement: “Adopting WANDA demonstrates a municipality’s commitment to improving public spaces and delivering exceptional service. The decision to integrate WANDA underscores the value of our system in building a clean, safe, and welcoming environment. We’re thrilled to see municipalities using WANDA to enhance their facilities and strengthen their connection with the community.”
Visionstate’s recent deployment of WANDA reflects a growing trend of municipalities leveraging technology to enhance visitor experiences and uphold world-class standards in public facility management. By combining public feedback and cleaning data, the WANDA system helps municipalities streamline operations, reduce costs, and improve the overall perception of their facilities.
Visionstate is seeing a growing pipeline of business opportunities with large, recognizable leaders in their sectors who want to leverage WANDA’s tracking and reporting capabilities to improve efficiencies and increase positive public perception. The pipeline spans multiple industries including education, municipalities, manufacturers, building service contractors and other large public facilities.
For more information about Visionstate Corp. and its innovative WANDA technology, please visit www.visionstate.com .
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.
JonnyRBuck12
1年前
Edmonton, Alberta, January 7, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a facility management technology company with IoT and AI solutions, is pleased to announce three significant new agreements for its innovative WANDA technology, marking continued growth in both Canadian and US markets. These deals include three partnerships in Canada—two with prominent building service contractors and one with a childcare facility located on a First Nations community—and one in the United States with a private school in Virginia.
The partnerships with the Canadian building service contractors are particularly notable, as these companies typically manage an extensive portfolio of clients, effectively acting as resellers of the WANDA solution. These agreements represent a significant opportunity to scale WANDA's reach across a broad network of facilities.
The agreement with the First Nations childcare facility highlights WANDA's versatility and its ability to support essential community services by improving cleaning standards and operational efficiency.
In the United States, Visionstate's deal with a Virginia-based private school underscores the increasing relevance of WANDA technology in the education sector. The school plans to use WANDA to streamline the monitoring of setup and cleaning processes for special events, with significant potential for expansion throughout its school division.
In November, Visionstate participated in the annual ISSA Show in Las Vegas, where the company conducted approximately 40 demonstrations of the WANDA software over three days. These demos have generated multiple promising opportunities, and Visionstate is actively following up on these leads. In particular, the company sees significant potential in applying WANDA's capabilities to equipment monitoring—tracking performance and maintenance in much the same way it currently monitors cleaning tasks.
As disease outbreaks become more prevalent, Visionstate is also witnessing increased interest from educational institutions in adopting proactive monitoring solutions like WANDA to maintain safer and cleaner environments.
“We are incredibly excited about the momentum we are building as we head into 2025,” said Shannon Moore, President of Visionstate. “These new deals in Canada and the US, combined with the interest generated at the ISSA Show, set the stage for significant growth. We are confident that WANDA's versatility—whether in cleaning, event management, or equipment monitoring—will continue to drive adoption across multiple sectors.”
Visionstate remains focused on expanding its market presence and developing strategic partnerships to maximize the potential of WANDA technology across industries.
For more information, please visit: www.visionstate.com
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 Corp.
John Putters, CEO
Email: jputters@visionstate.com
Tel: 780-425-9460
JonnyRBuck12
2年前
Visionstate Showcases Wanda at ISSA Show North America in Las Vegas This Week
Edmonton, Alberta – TheNewswire - November 18, 2024 – Visionstate Corp. (TSXV: VIS) is excited to announce its presence at the ISSA Show North America, taking place this week from November 19 to 21 at the Mandalay Bay Convention Center in Las Vegas. Attendees can visit Visionstate at Booth 559 to explore its innovative Wanda platform and learn more about its cutting-edge solutions for the cleaning and facility management industry.
The ISSA Show North America is the premier event for the global cleaning and facility services industry, renowned for fostering education, innovation, and collaboration. Visionstate is proud to join industry leaders in showcasing advancements that are driving the industry forward.
At the event, Visionstate is demonstrating the full capabilities of Wanda, its flagship platform that tracks cleaning and maintenance tasks to improve safety and operational efficiency in public spaces. The company is also offering live demonstrations of Wanda’s integration with IoT hardware, including people counters, environmental sensors, and supply monitoring devices.
Visionstate is further highlighting exciting new features for Wanda, set to launch in Q1 2025, including:
Equipment Monitoring and Tracking : Real-time insights into equipment performance and maintenance.
Enhanced Auditing and Inspections : Tools for improved compliance and operational reporting.
The company has already scheduled sales meetings during the show and welcomes all attendees to its booth to explore potential partnerships. Visionstate is particularly focused on expanding its distribution network in the US market to bring Wanda’s capabilities to a broader audience.
"We're thrilled to be part of the ISSA Show this week," said Shannon Moore, President of Visionstate IoT Inc. "This event is the perfect platform to connect with industry leaders, showcase Wanda's transformative capabilities, and demonstrate the IoT hardware that enhances its functionality."
Visionstate invites all ISSA attendees to stop by Booth 559 for hands-on demonstrations and to discuss opportunities to collaborate.
For more information about Visionstate and the Wanda platform, visit www.visionstate.com .
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
JonnyRBuck12
2年前
EDMONTON, Alberta, October 10, 2024 — TheNewswire – Visionstate Corp. Is pleased to announce its portfolio company, Sol Spaces Inc., an innovator in sustainable greenhouse technology, has entered into a partnership with Enoch Cree Nation, a resilient First Nations community located in Treaty No. 6 territory. Together, they are embarking on a transformative mission that goes beyond business—a shared vision to ensure access to a vital resource: food.
At the core of this partnership is the development of a cutting-edge, 1,200-square-foot greenhouse that will utilize advanced technology and eco-friendly design. This initiative aims to foster food sovereignty while promoting sustainability and innovation within the community.
The greenhouse, constructed using Structured Insulated Panels (SIPs), offers both energy efficiency and superior insulation, ensuring the internal environment remains stable year-round. SIPs not only reduce energy consumption but also significantly lower the carbon footprint of the greenhouse. By using these materials, Sol Spaces is setting a new standard in environmentally conscious design.
In addition to SIPs, the greenhouse will be equipped with smart sensors integrated into the Internet of Things (IoT) ecosystem. These sensors will continuously monitor essential environmental conditions such as temperature and humidity, transmitting real-time data to optimize crop production. Heat pumps will ensure consistent temperatures during extreme weather, enhancing the greenhouse's ability to produce year-round.
Enoch Cree Nation, known as Maskêkosihk in Cree, is a community with deep cultural roots and a strong connection to the land. With over 2,566 band members, they are dedicated to preserving their traditions while fostering resilience and community well-being.
“Access to affordable, healthy food is a challenge we all face,” said Elliott Putters, President of Sol Spaces Inc. “This partnership isn’t just about building greenhouses—it’s about empowering communities and building resilience for future generations.”
Construction on the greenhouse began in spring 2024, with operations expected to be fully underway by Fall. This initiative represents a commitment to creating lasting change—together, Sol Spaces and Enoch Cree Nation are sowing the seeds of hope for a future where food security is within reach for all.
About Enoch Cree Nation
Enoch Cree Nation, known as Maskêkosihk in Cree, is a resilient First Nations community located in Treaty No. 6 territory, just west of and adjacent to the City of Edmonton, Alberta, Canada. Our ancestral connection to the land runs deep, and we strive to be stewards of Okimaw askiy (Mother Earth). We actively seek to preserve and promote our culture, language, history, and spirituality while advancing our economic, education, health, and social well-being.
About Sol Spaces
At Sol Spaces, we are on a mission to redefine the way society views modern living and growing spaces. Our focus is on sustainability, self-sufficiency, and harnessing the natural energy of our environment.
Join us in this transformative journey toward a greener, more resilient future. Welcome to Sol Spaces, where innovative living meets environmental consciousness.
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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 (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.
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
JonnyRBuck12
2年前
Visionstate Ramps Up Expansion Plans
Edmonton, Alberta – October 9, 2024 – TheNewswire – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), is pleased to announce several key developments that position the company for growth and further innovation. These updates reflect Visionstate's commitment to expanding its market presence, enhancing its product offerings, and maintaining its leadership in the facility management sector. From increasing U.S. market penetration to significant advancements in product functionality, the company is excited to share its progress in the following areas.
US Expansion
Visionstate IoT Inc. is ramping up its marketing efforts in the United States to introduce the WANDA task management software to U.S.-based companies. Visionstate IoT has already established a foothold in the U.S. market with several large customers and aims to leverage this success to further penetrate the market. As part of this initiative, Visionstate will be participating as an exhibitor at the annual ISSA Cleaning Show, held in Las Vegas from November 19-21. To maximize the effectiveness of this presence, the company has launched an aggressive lead generation campaign in collaboration with U.S. partners. The goal is to arrange meetings during the show to demonstrate how WANDA can enhance operational efficiency and help prevent the spread of diseases.
Additionally, the company has begun the process of seeking a listing on the OTC markets to expand its investor base in the U.S.
"We are thrilled about the opportunity to significantly expand our presence in the U.S.," said Shannon Moore, President of Visionstate Corp. "The market is vast, and we believe our innovative WANDA software will provide the operational solutions that facility managers need to improve their workflow and enhance safety."
Deployments
Visionstate is pleased to report an expansion in its deployments, particularly in educational institutions. With a proven history of successful installations, WANDA has become a preferred task management solution for educational facility managers across Canada. New installations are scheduled in large manufacturing facilities, municipal operations, and additional educational institutions. These deployments will significantly grow Visionstate's customer base as WANDA is adopted by more organizations seeking streamlined task management and operational efficiency.
Innovation
Visionstate has undertaken a significant development project to expand WANDA’s capabilities. This project will add robust inspection and auditing features, further enhancing its value to facility management professionals. At the same time, Visionstate is developing new Artificial Intelligence (AI) technologies that will improve scheduling and routing activities, introducing major efficiency gains for customers. These advancements are happening concurrently with the app development and will introduce a suite of new features, including auditing, inspections, and complex scheduling tools.
"Our commitment to innovation is what sets Visionstate apart," Moore added. "The AI technology we’re developing will be a game-changer in terms of how facilities are managed, driving greater efficiencies and offering unparalleled solutions to our customers."
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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 (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.
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
JonnyRBuck12
2年前
Visionstate closes $600,000 private placement
2024-09-26 16:11 ET - News Release
Mr. John Putters reports
VISIONSTATE CORP. ANNOUNCES CLOSING OF FULLY SUBSCRIBED FINANCING
Visionstate Corp. has received final acceptance by the TSX Venture Exchange for the closing of its previously announced non-brokered private placement of $600,000, which was fully subscribed.
The company will issue 24 million units of the company at a price of 2.5 cents per unit for gross proceeds of $600,000 as previously announced on Aug. 29, 2024. Each unit is composed of one common share 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 five 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 any further notification to be made by the company.
The issuance of units to insiders pursuant to the offering will constitute a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). 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 primarily allocated toward the development and commercialization of new products designed to enhance the company's Internet of Things solutions and expand its market reach. Visionstate remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.
Pursuant to applicable Canadian securities laws, the common shares and warrants comprising the units are subject to a four-month-plus-one-day hold period from the time of closing.
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 Corp. Through Visionstate IoT, it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its 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.
JonnyRBuck12
2年前
Visionstate Corp. Secures Funding to Enhance AI Capabilities in WANDA Technology through Amii Partnership
Edmonton, Alberta – September 16, 2024 – TheNewswire – Visionstate Corp. (TSXV: VIS) is pleased to announce that it has secured funding to advance the AI capabilities of its proprietary WANDA technology through a partnership with the Alberta Machine Intelligence Institute (Amii). This collaboration aims to revolutionize the complexities of staff and task scheduling in dynamic facility management environments.
By leveraging Amii’s leading AI expertise, Visionstate will streamline the time-intensive and complex scheduling process, producing schedules that meet task completion requirements and adapt to constantly changing conditions. This partnership is a significant step towards enhancing the efficiency of task management in real-time.
Shannon Moore, President of Visionstate IoT Inc., commented: “As a company committed to driving innovation in facility management, partnering with Amii allows us to push the boundaries of what AI can do for our clients. By integrating machine learning into our scheduling systems, we are taking a significant step towards enhancing the efficiency of task management in real-time. This collaboration not only aligns with our vision for smarter operations but also provides tangible value to facility managers by simplifying the complexities of day-to-day scheduling.”
Visionstate is dedicated to promoting efficient operations through its flagship product, WANDA, which provides real-time data collection and actionable insights that streamline task management and overall operational efficiency.
This collaboration will leverage the recent announcement of a $3M investment from PrairiesCan to accelerate AI adoption in the prairie provinces. This funding will support 30 small and medium-sized businesses based in Alberta, Saskatchewan, and Manitoba over the next three years, empowering Canadian companies to embark on or accelerate their AI adoption journeys, driving innovation and growth in the Prairie region.
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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 (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
JonnyRBuck12
2年前
Visionstate Corp. Third Quarter Update
Edmonton, Alberta – TheNewswire - September 3, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a provider of smart facility management solutions, continues to build momentum in the Canadian market as it sets its sights on U.S. market expansion. The company's proprietary WANDA platform, a leading tool for facility management, is at the forefront of these initiatives, helping to maintain clean and safe environments across a range of institutions, particularly in the education sector.
Growing Market Penetration and Endorsements
Visionstate's WANDA platform has achieved remarkable penetration into Canadian educational institutions, particularly colleges and universities. A recent endorsement from Queen's University highlighted WANDA's effectiveness in tracking cleaning tasks and protocols, reinforcing the platform's value in maintaining sanitary environments. This validation underscores the ongoing importance of robust cleaning programs, even as the immediate threat of COVID-19 has subsided.
In response to growing deployments at larger institutions, Visionstate has made targeted investments in its reporting and analytics capabilities. These enhancements ensure that WANDA continues to deliver high value to its customers, facilitated by Visionstate’s Canadian distribution partner.
Strategic Focus on AI Integration
Demonstrating its commitment to innovation, Visionstate has re-branded an operating division from Next Vision IoT Inc. to Next Vision AI Inc., emphasizing a strategic focus on artificial intelligence. This initiative is being driven in partnership with the Alberta Machine Intelligence Institute ( Amii ), a leading AI development institute based in Edmonton. The 12-month project with Amii aims to integrate AI into the WANDA platform, with key developments in schedule and route optimization. These AI-driven improvements will enable facility management companies to optimize cleaning routes and schedules, enhancing operational efficiency and reinforcing Visionstate’s leadership in the sector.
U.S. Market Expansion
With a secure distribution partner in Canada, Visionstate is now turning its attention to the U.S. market. The U.S. represents a significant opportunity for expansion, particularly given the presence of Visionstate's largest customer, the world's leading private equity real estate firm. To capitalize on this potential, Visionstate is investing in dedicated sales and marketing resources in the U.S.
As part of its expansion strategy, Visionstate will participate in the ISSA Cleaning Show in Las Vegas from November 19-24, 2024. The company aims to forge new partnerships for U.S. sales and marketing and explore opportunities in other international markets. Visionstate has built scalability into its software, ensuring readiness for this expansion. For direct U.S. sales, Visionstate will retain all revenue from license fees, except where resellers are involved. Additionally, the company is rolling out direct marketing and digital lead generation campaigns to drive sales leads in this new market.
Sol Spaces Inc. – A Visionstate Portfolio Company
Visionstate’s portfolio company, Sol Spaces Inc. ( solspaces.com ) has made significant strides in the current quarter, generating approximately $150,000 in revenue. This success is largely due to the sale of residential greenhouses and the development of a community-scale greenhouse for a prominent First Nations community near Edmonton. This project addresses critical food security challenges and exemplifies Sol Spaces’ commitment to innovative, resilient infrastructure.
Looking ahead, Sol Spaces plans to commoditize its greenhouse offerings by 2025, positioning them for broader distribution. Sol Spaces’ products are unique in that they represent the next generation of greenhouses which incorporate new technologies that help mitigate extreme temperatures and can extend growing seasons. The company is also advancing its development of next-generation living spaces, focusing on energy efficiency and affordability, which aligns with Visionstate’s broader commitment to sustainable technology. Visionstate Corp. Owns approximately 40% of Sol Spaces Inc.
Financial Performance and Outlook
Q3 has historically been a slower quarter for Visionstate IoT Inc. due to seasonal factors, particularly affecting revenue related to one time set up fees. However, the company anticipates strong growth in Q4, driven by new contracts with large Canadian colleges and universities. These contracts will contribute to Visionstate’s Software-as-a-Service (SaaS) revenue model, further strengthening its residual income streams. The company also expects additional fees from the development of new auditing features for WANDA, which will enhance monthly revenue.
Visionstate’s management remains focused on profitability, with software margins exceeding 70% and continued cost control measures. The company successfully closed a $500,000 financing round post-Q3, securing the necessary working capital to support its growth plans, including U.S. market expansion, AI development, and other key initiatives.
Looking Forward
As Visionstate continues to expand its market presence and technological capabilities, the company anticipates significant growth from markets outside of Canada. The upcoming ISSA conference in Las Vegas will be a critical launch point for these efforts, as it provides an international platform to showcase Visionstate’s facility management solutions.
In the coming months, Visionstate IoT Inc. will also focus on developing new inspection and auditing technology for a major customer. The launch of a standalone auditing application within the next 12 months will further expand Visionstate’s product offerings, reinforcing its position in the facility management industry.
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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 (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.
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
JonnyRBuck12
2年前
Edmonton, Alberta – TheNewswire - August 29, 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 $600,000. The financing will consist of one unit at $0.025 (two and a half cents) per unit (“Unit”) which is comprised of one (1) common share {“Share”} and one (1) whole warrant (“Warrant”) which is exercisable at $0.05 (five cents) per Warrant to receive one (1) Share for a term of 5 years after closing, subject to an acceleration clause as noted below.
The price per Unit is based on the previous closing price of the Company's Shares on the TSXV on Wednesday, August 28, 2024. The Company intends to issue up to 24 million Shares and correspondingly up to 24 million Warrants for this Unit financing round which is subject to TSXV and regulatory approval, and customary closing conditions.
In the event of acceleration, the expiry date of the Warrant will be accelerated to a date that is thirty (30) days after the date that written notice has been given to the Warrant holder or the date that Visionstate has issued a press release announcing the exercise of the acceleration right; and thereafter, no further notification will be provided nor required by Visionstate to the subscribers of the Units. The securities issued under this placement are subject to a four-month plus one day hold period from the date of closing.
“As Visionstate continues to grow and innovate, we remain committed to prudent financial management,” said Company CEO John Putters. “Our recent capital raise represents a strategic milestone, positioning us for success as we continue to develop our technology and market it worldwide.”
“Our recent financing round not only strengthens our financial position but also accommodates shareholders who were unable to participate in the fully subscribed previous round. We’re committed to inclusivity and appreciate the continued support from our investor community,” he added.
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. This includes participating in the ISSA 2024 “Beyond Clean” conference in Las Vegas in November 2024. Visionstate Corp. remains committed to delivering cutting-edge technology solutions that drive operational efficiencies and improve customer experiences across various industries.
The issuance of Units to insiders pursuant to the Placement will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Placement 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% 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 devices that track and monitor guest activities and sanitation 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.
John Putters, CEO
Email: jputters@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Kathy Chapman
Email: kc@chfir.com
Tel: 416-868-1079 x 234
JonnyRBuck12
2年前
Visionstate closes second tranche of private placement
2024-08-26 14:26 ET - News Release
Mr. John Putters reports
VISIONSTATE CORP. ANNOUNCES CLOSING OF FULLY SUBSCRIBED FINANCING
Visionstate Corp. has closed its previously announced non-brokered private placement of $500,000. The company closed proceeds of $310,000, subsequent to closing approximately $190,000 announced by the company on July 2, 2024.
Pending final acceptance from the TSX Venture Exchange on the offering, the company will issue 25 million units of the company at a price of two cents per unit for gross proceeds of $500,000 as previously announced on June 19, 2024. Each unit comprised one common share 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.
Visionstate has closed on the initial tranche of subscriptions of 9,515,000 units at a price of two cents per unit for gross proceeds of $190,300, which includes 2,425,000 units issued to certain insiders of Visionstate.
The issuance of units to insiders pursuant to the offering will constitute a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 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 primarily allocated toward the development and commercialization of new products designed to enhance the company's IoT (Internet of Things) solutions and expand its market reach. Visionstate remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.
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, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned subsidiary of Visionstate.
Through Visionstate IoT, Visionstate 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.
JonnyRBuck12
2年前
Visionstate Corp. Announces Conditional Approval of Previously Announced Private Placement
Edmonton, Alberta, July 2, 2024 – TheNewswire - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a leading provider of smart facility management technology, is pleased to announce the receipt of conditional acceptance from the TSX Venture Exchange on the offering ("Offering") of up to 25,000,000 units of the Company (“Units”) at a price of $0.02 per Unit for gross proceeds of up to $500,000 as previously announced on June 19, 2024. Each Unit is comprised of one (1) common share of Visionstate (“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.
If the closing price of the Common Shares is equal to or exceeds $0.07 per Common Share for greater than twenty (20) consecutive trading days, then the warrant term shall automatically accelerate to a date that is thirty (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.
Visionstate has closed on the initial tranche of subscriptions of 9,515,000 Units at a price of $0.02 per Unit for gross proceeds of $190,300, which includes 2,425,000 Units issued to certain insiders of Visionstate.
The issuance of Units to insiders pursuant to the Offering will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 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% 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 net proceeds from the sale of units 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 remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.
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 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
JonnyRBuck12
2年前
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
JonnyRBuck12
2年前
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.
JonnyRBuck12
2年前
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.
JonnyRBuck12
2年前
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.
JonnyRBuck12
2年前
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.
JonnyRBuck12
2年前
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.
JonnyRBuck12
2年前
IoT solutions company raises cleaning standards
https://stockhouse.com/opinion/interviews/2024/02/14/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.
JonnyRBuck12
2年前
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
JonnyRBuck12
2年前
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.
JonnyRBuck12
2年前
CHF's Byte-sized Reviews - December 14, 2023
https://mailchi.mp/46ef98031cc4/chfs-byte-sized-reviews-december-14?e=79ef2b9dd7
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.
JonnyRBuck12
2年前
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
JonnyRBuck12
3年前
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.
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