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.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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.