Visionstate Portfolio Company Exceed Solar Announces Name Change to Sol Spaces, Focuses on High-Tech Greenhouses and Sustainable Living Spaces
EDMONTON, Alberta - March 16, 2023 - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”) is pleased to announce its portfolio company Exceed Solar Inc. is changing its name to Sol Spaces Inc., effective immediately. The rebranding reflects the company's shift towards high-tech greenhouses and sustainable living spaces that integrate cutting-edge solar and Internet of Things (IoT) technology.
Sol Spaces Inc. (Sol Spaces) is committed to helping individuals and businesses reduce their carbon footprint while still living comfortably. By combining the latest advancements in solar energy and IoT technology with innovative designs and sustainable materials, Sol Spaces creates modern living and growing spaces that are environmentally friendly and energy-efficient.
"Exceed Solar has always been dedicated to creating sustainable solutions, and we're excited to continue that mission under our new name, Sol Spaces," said company President Elliott Putters. "We believe that technology has the power to make a positive impact on the environment, and we're committed to using it to build a better, more sustainable future."
Sol Spaces' high-tech greenhouses offer a unique approach to sustainable agriculture, utilizing advanced automation and IoT technology to optimize plant growth and increase yields. With the ability to extend the growing season, Sol Spaces' greenhouses can help reduce food waste, increase food security, and promote local agriculture.
"The creation of garden suites and secondary suites is a great way to help increase the supply of affordable housing in our city while preserving the character of our established neighbourhoods,” said Naheed Nenshi, former Mayor of Calgary, Alberta.
Due to the increasing cost of homes and the relative shortage of affordable homes in the major Canadian markets, laneway homes or garden suites are becoming a more viable option.
As Sol Spaces, the company is committed to continuing its legacy of sustainable solutions while exploring new frontiers in green technology. Its new name reflects the dedication to creating innovative spaces that are not only sustainable but also offer a high standard of living.
Currently, Sol Spaces is developing a community-based food network in Edmonton, Alberta to help ease the burden of rising food costs. The $40,000 project is also designed to build more resilient communities with the capacity to grow food locally.
The first installation will be at the Alberta Avenue Community League, which recently celebrated its 100th anniversary. The 240-square-foot Sol Greenhouse is powered by 1.2 kw/h of solar energy and features a heat/cooling pump that helps maintain constant temperatures. The greenhouse also features IoT technology with sensors that measure environmental conditions and growing performance. Sol Spaces would like to thank Bunzl Canada for their generous donation to this community-based project.
In addition to greenhouses, Sol Spaces is also focused on creating sustainable living spaces that are both functional and beautiful. Their innovative designs use energy-efficient materials and integrate cutting-edge solar technology, resulting in homes and commercial spaces that are both stylish and sustainable.
Visionstate Corp. owns 40% of Sol Spaces through debenture financing in 2018 and 2021.
For more information about Sol Spaces and its commitment to sustainable living, please visit its website at www.solspaces.com. Additional information about the company’s product lines can be accessed through the following links: Greenhouses, Studios, Garden Suites.
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.
About Sol Spaces Inc.
Sol Spaces Inc. is a social enterprise and the builder of ‘Sol Spaces’ - a product line of building structures that are consciously engineered and constructed to enhance daily life, empower healthy communities, and contribute to the sustainability of the planet. The Sol Greenhouse, Sol Studio and Sol Garden Suite are each innovatively designed to meet a unique and earnest customer profile including individual homeowners, community service groups, the restaurant and hospitality sector and municipalities in Edmonton and northern Alberta.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Sol Spaces Inc.
Elliott Putters, President
Tel: 780-982-0635
Email: eputters@solspaces.com
Visionstate IoT Inc.
Shannon Moore, President
Tel: 780-425-9460
Email: shannon@visionstate.com
CHF Capital Markets
Kathy Chapman
Tel: 416-868-1079 x 234
Email: kc@chfir.com
To learn more, please contact:
Visionstate IoT Inc.
Shannon Moore, President
Tel: 780-425-9460
Email: shannon@visionstate.com
CHF Capital Markets
Kathy Chapman
Tel: 416-868-1079 x 234
Email: kc@chfir.com
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.
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