Visionstate Signs an Agreement with Sanitis Global to Increase WANDA Sales
Edmonton, Alberta, August 27, 2019 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that it has signed a channel sales agreement with Sanitis Global to represent Visionstate’s Internet-of-Things solution WANDA, and WANDA-related products such as WANDA QuickTouch, to their customer base in the United States. Sanitis Global is a sales and marketing firm for next-generation infection control, disinfection, and green cleaning products for hospitals and clinics, food processing and food service facilities.
An initial two-year agreement will allow Visionstate to earn royalties off all sales, as well as ongoing residual licence fees. The roll-out period will start in September 2019.
Harry Jarbath, Founder of Sanitis, said: “We are delighted to be partnering with Visionstate for the sales and marketing of their innovative WANDA IoT product, distributed by the highly-regarded, exclusive global distributor, Bunzl. The relationship with Visionstate represents a powerful opportunity for Sanitis to significantly expand our presence in the US Healthcare and FM market.”
"We look forward to working closely with Visionstate as we combine our efforts to serve a broader range of customers with Visionstate's WANDA solution over the coming months and years,” added Allen Beuershausen, Co-founder of Sanitis.
John Putters, CEO of Visionstate, commented: “We are very excited about the new agreement with Sanitis, which will greatly increase Visionstate’s WANDA sales in the US. While Sanitis operates in multiple industries, their primary focus remains hospitals, Visionstate’s largest install base to date. Sanitis also expressed an interest in rolling out Visionstate’s new QuickTouch IoT product (see Press Release from June 25, 2019) making this agreement a way for us to bring new products to the market through a reseller model. WANDA QuickTouch is ideal for a hospital environment, be it a patient room or a nursing station.”
Expanding reselling agreements is a market penetration strategy for Visionstate. They enable the Company to leverage large sales forces without incurring additional expenses. Increased reseller sales will result in more royalties on the software and increased residual income for Visionstate.
About Sanitis Global
Sanitis Global is an exclusive sales and marketing firm whose next-generation eco-friendly infection control and green cleaning solutions provide safe, clinically- and industry-proven solutions to the toughest and most critical challenges in preventing cross-contamination and the spread of disease in commercial and industrial environments. From persistent hand hygiene to people- and pet-safe commercial and hospital-grade disinfectants and green cleaners, their portfolio of products is well-suited to high-risk industries such as hospitals and health care and food processing and food service where cleanliness and sanitation are vital, and dangerous chemicals can be problematic. Janitorial services and building management firms will also appreciate that they can maintain green clean, healthy environments without the need for toxic cleaners and noxious fumes. For more information on the company, please visit http://www.sanitisglobal.com.
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, big data and analytics, and sustainability. Through Visionstate 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.
Visionstate Introduces WANDA QuickTouch, an Internet-of-Things Button Device
Edmonton, Alberta, June 25, 2019 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to introduce WANDA QuickTouch, a new product derived from its WANDA Internet-of-Things solution. WANDA QuickTouch is a battery-powered button device that leverages the LTE-M cellular network, reducing infrastructure requirements and expanding WANDA’s reach. The IoT button provides Visionstate with the ability to connect remote restrooms to the solution by enabling basic alerts, cleanings and ratings.
“When the button is pressed, a similar alert is generated as from a standard WANDA unit capturing time and location of the event. When the button is pressed for a second, it will generate a service event, as if a cleaning staff member had signed into a WANDA unit. This captures time, location and a cleaning event. The hardware incorporates a button provided by AT&T using the LTE-M network and sends an event through the AWS One-Click service,” commented John Putters, CEO.
The solution is particularly attractive to large facilities with multiple restrooms. While WANDA is usually installed in high-traffic locations, the IoT buttons such as WANDA QuickTouch are well-suited for more remote restrooms and common areas. The IoT button still provides vital analytics on alerts and cleanings back to building managers, making WANDA QuickTouch both practical and affordable for a wider range of locations.
Other use-case scenarios include using a series of three or more buttons for customer satisfaction ratings. This has the advantage over existing rating systems based on no required infrastructure (mounting, power, connectivity).
The IoT button device greatly expands Visionstate's reach by introducing more cost-effective technology to track basic cleanings, alerts, and customer satisfaction.
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, big data and analytics, and sustainability. Through Visionstate 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.
Visionstate Announces Closing and Final TSX-V Acceptance of Private Placement
Edmonton, Alberta, June 20, 2019 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that it has received final acceptance from the TSX Venture Exchange and has now closed on an over-subscription of 10,469,640 units (“Unit”) at a price of $0.025 per Unit for gross proceeds of $261,741 in connection with a non-brokered private placement (“Private Placement”) announced on April 15, 2019 and May 13, 2019. Each Unit is comprised of one (1) common share in the capital of the Company (“Common Share”) and one-half (½) Common Share purchase warrant (each whole warrant is referred to as a “Warrant”). 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 one (1) year following the date of closing (the “Warrant Term”). In the event the Common Shares close at a price of greater than $0.075 per Common Share for a period of greater than twenty (20) consecutive trading days, then the Warrant Term shall be automatically accelerated and shortened from one (1) year to thirty (30) calendar days following the date a press release is issued by the Company announcing the reduced Term, and the issuance of the press release shall be deemed to be sufficient notice to all warrant holders of the shortened Warrant Term as a result of the acceleration.
The pricing of the Private Placement was made in reliance on the temporary relief measures established by the TSX Venture Exchange Bulletin dated April 7, 2014. The price per Common Share was set at the last trading price on the TSX Venture Exchange before the issuance of the initial press release.
Visionstate intends to use the proceeds from the Private Placement for WANDA software development, specifically IoT (Internet of Things) buttons and a mobile app integrated with WANDA, WANDA hardware inventory for internal sales, marketing campaigns and general working capital purposes.
The participation in the Private Placement by directors and executive officers of Visionstate may be considered a “related party transaction” (the “Related Party”) as defined under Multilateral Instrument 61-101 (“MI 61-101”). Visionstate has determined that exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 are available. 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 Party does 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 Party does not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the Related Party has 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.
Pursuant to applicable Canadian securities laws, the securities issued under the Private Placement are subject to a four-month hold period from the time of closing of the Private Placement.
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, big data and analytics, and sustainability. Through Visionstate 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.
Forward-Looking Statements
This news release may include certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with Visionstate’s business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect Visionstate’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Visionstate assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
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.
Visionstate Launches Cellular-Based Version of WANDA(TM) via TELUS’ LTE-M Network
Edmonton, Alberta, May 16, 2019 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) today announced that, following a successful completion of a trial period, it has entered into an agreement with TELUS, one of Canada’s largest telecommunications companies, to introduce cellular connectivity into its customized WANDATM Internet of Things (IoT) solution, through Visionstate’s exclusive distribution partner, Bunzl Canada Inc. The agreement enables Visionstate to sell a plug-and-play version of WANDA that leverages the power of TELUS’ LTE-M network, which was built specifically for IoT device connectivity. This will help to decrease deployment times and expand WANDA’s market potential in diverse locations.
Typically, installations have relied on Wi-Fi connection which, despite being a good option, is not always available at the installation locations. As a result of a number of tests, Visionstate produced a cellular-based connectivity solution for its WANDA product that can now be installed without the need to configure wireless networks in the area of installation, which significantly reduces the roll-out time.
John Putters, CEO of Visionstate, comments: “We are extremely delighted to announce this agreement with TELUS and are excited about the launch of the cellular-based version of WANDA. The implications of the new connectivity solution include faster roll out times, more flexibility in how WANDA communicates to the Internet, as well as a dedicated management portal administered by Visionstate.”
About WANDA
WANDA is Visionstate’s unique Internet of Things touch-screen solution, the first device of its kind to replace old-fashioned paper-based reporting. Installed in high-visibility areas, WANDA not only increases public perception of cleanliness, it also ensures better customer service and inventory control, increases employee accountability and provides real-time analytics on resources used. Learn more at https://www.visionstate.com/internetofthings.
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, big data and analytics, and sustainability. Through Visionstate 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.
Visionstate Closes First Tranche of Non-Brokered Private Placement
Edmonton, Alberta, May 13, 2019 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that the Company, subject to regulatory approval, has completed the first tranche of a non-brokered private placement (“Private Placement”) announced in the April 15, 2019 Press Release.
The first tranche consists of an offering of 6,477,154 units (“Units”) at a price of $0.025 per Unit for gross proceeds of $161,928. Each Unit is comprised of one (1) common share of Visionstate (“Common Share”) and one half (1/2) Common Share purchase warrant (“Warrant”).
Each Half Warrant entitles the holder to purchase one half (1/2) Common Share at a price of $0.05 for a period of one (1) year (the “Warrant Term”) from the Closing Date (as hereinafter defined) provided that if after four months and one day following the Closing Date, the closing price of the Common Shares of the Corporation on the principal market on which such shares trade exceeds $0.075 per Common Share for a period of greater than twenty (20) consecutive trading days, the Warrant Term shall automatically accelerate to the date which is thirty (30) calendar days following the date a press release is issued by the Corporation announcing the reduced Warrant Term, without any further notification to be made by the Corporation to the Subscriber.
All of the first tranche placees were either insiders or people close to the Company. The finder’s fees associated with the transaction were $8,000.
Visionstate intends to use the proceeds from the Private Placement for technology development, marketing campaigns and general working capital purposes.
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, big data and analytics, and sustainability. Through Visionstate 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.
Visionstate’s WANDA IoT Solution Sees Significant Year to Date Distribution Growth
Edmonton, Alberta, May 6, 2019 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) today provided a year to date (YTD) update on its WANDA solution distribution growth.
Since April 2018, the Company has added 18 new locations, 12 of which were in Canada, 2 in the US, and 4 in the UK, across multiple industries, including retail, healthcare, gaming and grocery. In Canada, Visionstate introduced WANDA to 6 new hospitals, 2 malls, an office building, a conference centre, 2 grocery stores and 2 casinos. Three of the four new locations in the UK using Visionstate’s unique Internet of Things solution have been added in the past three months, including the UK head office of the World Wildlife Fund.
The number of locations has nearly doubled compared to 2017.
Overall, YTD the Company added approximately 80 devices, of both 10- and 15-inch WANDA sizes, as well as people-counting sensors. There are now approximately 160 devices in the market globally.
“The past year and the first months of 2019 have been very rewarding in terms of WANDA sales growth. After a year of investing in national training, sales support and specific product development for our major global distribution partner, we are seeing positive results of our extensive support. Not only have we managed to sell into new global locations, but we have also entered new industries, and continue to expand at a steady pace.
We do believe WANDA could, and should, be installed in every public area. Internet of Things implementation in the facility management space is growing exponentially, as indicated in multiple research studies. So we believe WANDA will eventually be incorporated into most newly engineered builds,” commented John Putters, Founder & CEO.
Further sales growth is expected now that Visionstate’s largest distribution partner has been fully trained and has an aggressive marketing and sales campaign in place. Visionstate is also in the process of expanding its partnership with several additional distributors which will encompass sales, marketing and PR strategies to further promote WANDA in the US market.
In addition to that, the Company will be expanding and enhancing its solutions in the coming months to further strengthen and diversify its sales.
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, big data and analytics, and sustainability. Through Visionstate 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.
Visionstate Corp. Announces Private Placement
Edmonton, Alberta – April 15, 2019 – Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that, subject to regulatory approval, the Corporation intends to complete an offering ("Offering") of up to 10,000,000 common shares of the Corporation (“Common Share”) at a price of $0.025 per Common Share for gross proceeds of up to $250,000. The Offering includes one half warrant at $0.05 cents for every common share purchased. The pricing of the Offering is made in reliance on the temporary relief measures established by the TSX Venture Exchange Bulletin dated April 7, 2014. The price per Common Share has been set at the last trading price on the TSX Venture Exchange before the issuance of this press release.
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 Common Shares is available to all security holders of Visionstate who held common shares on the record date of March 31, 2019. Shareholders resident in Ontario, Newfoundland and Labrador, and countries other than Canada will 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 $250,000, Visionstate will accept such subscriptions on a first come, first served basis.
Visionstate intends to use the proceeds from the maximum Offering as follows: WANDA software development, specifically IoT (Internet of Things) buttons and a mobile app integrated with WANDA, WANDA hardware inventory for internal sales, and general working capital. The Company is investing in additional technical staff to develop the technology. Should the maximum Offering not be achieved, the use of proceeds will be adjusted by Visionstate. There is no minimum Offering.
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, big data and analytics, and sustainability. Through Visionstate 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 centers 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.
Visionstate Updates on Exceed Solar and Freedom Cannabis Investments
Edmonton, Alberta – March 14, 2019 – Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) today provided an update on the operations, progress and near-term plans of its two portfolio companies, Exceed Solar and Freedom Cannabis.
Both investments are aligned with Visionstate’s goal of developing smart technology solutions that promote sustainability. Visionstate’s primary focus is expanding the use and enhancing the functionality of its unique Internet of Things (IoT) WANDA solution. The Company’s strategic investments in Exceed Solar and Freedom Cannabis seek to extend WANDA’s IoT application beyond the existing footprint to the housing and cannabis industries.
Exceed Solar
Exceed Solar is a private, smart tech company whose objective is to disrupt the traditional building industry by introducing scalable, affordable, and energy efficient living spaces to the housing market.
Exceed Solar has completed R&D (Research and Development) on its smart, energy efficient living spaces, and is now in sales mode with two sales already made in Q1 2019: one for its 450 square foot Garden Suite to an Indigenous community in Alberta and one unit of its Sol Bank made to a residential home in Edmonton, Alberta. The Sol Bank is an 8x12 backyard utility space with approximately 1.5 kw/hr solar energy that has tremendous flexibility in adding a power module to a backyard or rural property. Together these sales represent approximately $150,000 in revenue.
Exceed has recently entered into an option agreement to commence development of the Sol Village project on approximately 53 acres of developable land near Pigeon Lake, which will include 30 Sol Spaces powered by a solar micro grid as well as community gardening and greenhouses. Exceed Solar anticipates launching pre-sales of the living spaces for the Sol Village project in the spring of 2019. The company is now updating its website to reflect the new pricing and product details.
In addition, Exceed Solar continues to provide seminars on climate change and opportunities in renewable energy and will be participating in an Indigenous sponsored event in April 2019. These seminars have proven valuable in terms of building relationships with the local First Nations communities.
Visionstate has a convertible debenture with Exceed Solar for $200,000, of which approximately $155,000 has been allocated for research and development of the Company's scalable living spaces. The two-year debenture, which matures on April 30, 2020, carries an interest rate of 7% and can be converted for up to 20% equity in the company. Visionstate continues to monitor progress and growth of Exceed Solar and is investigating opportunities to expand its IoT technology to the housing market.
Freedom Cannabis
Freedom Cannabis is a private sustainable cannabis company currently waiting for a final review to become a licensed producer. An important component of Freedom’s business strategy is sourcing genetics to add to its large medicinal and recreational cannabis cultivation portfolio. The company is in the final construction phase of its state-of-the-art facility which will be one of the best of its kind in Western Canada.
Visionstate’s reporting issuer* entered into an LOI (Letter of Intent) with Freedom Cannabis in May 2017. Visionstate then invested in Freedom Cannabis in a seed-round financing in 2018 and will be extending the terms of its agreement until September 2019. *Reporting issuers are non-listed public companies that are created in order to do reverse takeovers to acquire a public listing on a Canadian stock exchange.
Freedom has since successfully completed a second round of financing, effectively doubling the value of Visionstate’s investment, as reflected in the Company's balance sheet. As their business grows, so does Visionstate’s investment.
Freedom’s approach to sustainability aligns with Visionstate’s overall trajectory, while this strategic investment also allows the Company to introduce its IoT technology into the thriving cannabis industry.
Financing
Visionstate today also announced a private placement of up to $200,000, priced at 2.5 cents per unit, plus a half warrant at 5 cents for a term of 12 months. The net proceeds will be used for product development, marketing initiatives and working capital. The units shall be subject to the four-month holding period from the closing date as per TSX regulations.
About Exceed Solar
Exceed Solar (https://www.exceedsolar.com/) creates sustainable, scalable living spaces and community solutions by leveraging renewable energy and smart technology. The Company is focusing on smaller applications such as backyard garden suites, solar powered greenhouses and utility spaces as a strategy to introduce renewable energy applications to people around the world.
About Freedom Cannabis
Freedom Cannabis (https://www.freedomcannabis.ca/) is a private, seed-to-sale cannabis company currently in the application process with Health Canada to become a Licensed Producer. Established in 2016 and based in the province of Alberta, the company assembled a team of experts and experienced professionals who are working to build one of the world’s leading cannabis companies.
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, big data and analytics, and sustainability. Through Visionstate 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.
Visionstate Announces Appointment of New Director
Edmonton, Alberta – March 4, 2019 – Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that James F. Adams, Ph.D., CFA has joined the Board of Directors.
Based in New York, Dr. Adams has over twenty-five years of financial industry experience at J.P. Morgan serving clients across regions and businesses. In his most recent role as Managing Director in Markets & Investor Services, he led Asset Owner sales and relationship management across all aspects of the investment portfolio, engaging with CIOs and COOs and their consultants as well as delivering emerging technology solutions. Dr. Adams has extensive experience advising multinational clients in corporate finance and risk management, and spent several years with the firm in Europe.
Dr. Adams recently left J.P Morgan to pursue teaching, consulting and advisory opportunities and is currently an Adjunct Professor of Finance and Risk Engineering at New York University’s Tandon School of Engineering. He holds a Ph.D. and M.A. in Economics from The Ohio State University and is a Chartered Financial Analyst, also serving as a member of the CFA Society New York 2019 Nominating Committee. Outside of finance, Dr. Adams is President of Ancram Associates LLC, which recently acquired and converted land to sustainable farming practices in partnership with local farmers in Columbia County, New York.
John Putters, President & CEO of Visionstate, commented: “We are happy to welcome James to our Board and are pleased to see his enthusiasm about the Company. Visionstate is going through some transformational moments now, as we are constantly adding new clients while negotiating important partnerships with domestic and global companies. 2019 is supposed to be a big year for Visionstate, and James, with his extensive experience in finance and emerging technology as well as passion for sustainability, will no doubt contribute to making it even grander.”
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, big data and analytics, and sustainability. Through Visionstate 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.
Visionstate Adds Three Major Locations to its List of IoT WANDA Solution Clients
Edmonton, Alberta − Feb 25, 2019 – Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) today announced that it has added three more high-profile hospitals, two of them in the Province of Ontario and one in the Province of Alberta, to its rapidly expanding list of clients embracing Visionstate’s unique Internet-of-Things Facility Management WANDA solution.
A Toronto-based Academic Health Science Centre and global leader in geriatric residential living, healthcare, research, innovation and education has chosen WANDA to enhance customer experience and intense scrutiny on environmental cleanliness for its guests and staff. Another highly accredited south-western Ontario hospital, which has had WANDA installed for a couple of months now, will be expanding the footprint of the solution by adding additional units, once their redevelopment and expansion plan is completed. A well-regarded Alberta hospital became the most recent addition to Visionstate’s extensive portfolio of vertical markets.
John Putters, President & CEO, commented: “We are gladly welcoming these recent additions to a growing number of hospitals adopting our state-of-the-art technology to ensure they provide the most exemplary customer and patient service. If you think about just how important the notion and perception of cleanliness are for this particular industry, you would be largely surprised that this hasn’t been done earlier. One of the things Visionstate is focused on now is expanding WANDA’s footprint as much as possible and our clients’ success stories help us spread the word. Once the facility embraces this unique solution, there is no way of going back to the old paper-based reporting.”
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, big data and analytics, and sustainability. Through Visionstate 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.
Visionstate’s IoT WANDA Solution Embraced by Canada’s Gaming Resort Facility
Edmonton, Alberta − Feb 12, 2019 – Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) today announced that Canada’s largest and most elegant gaming resort facility has introduced WANDA, the IoT Facility Management solution, to their guests. Given the facility’s focus on providing the most exceptional customer experience and engagement for their clients, Visionstate’s WANDA was the solution of choice.
“It is so exciting to see the rapidly growing interest in the Internet of Things smart technology! WANDA is a truly unique solution that has already disrupted numerous industries in Canada and beyond. This interest reflects the importance for these facilities to provide a great customer experience while being able to track the frequency of cleaning and alerts issued by guests. The facilities are now also incorporating people-counting sensors which will assist in ensuring the service delivery is efficient,” commented John Putters, President & CEO.
Debra Williams, Director & EVP of Business Development added: “Having just recently introduced this solution to the grocery industry, we are pleased to add a well-known gaming resort, which is now our fourth facility of this kind, to WANDA’s expanding location list.”
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, big data and analytics, and sustainability. Through Visionstate 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.
Visionstate’s IoT WANDA Device Installed in Two Large Grocery Stores in the GTA
Edmonton, Alberta −Feb 7, 2019 – Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) today announced that its IoT cloud-based facility management solution WANDA has been implemented in the Greater Toronto Area in two high-traffic grocery stores, through its partner Bunzl Canada, a division of Bunzl Distribution USA, which is the largest division of Bunzl plc (LSE: BNZL). The advanced internet of things “IoT” solution aims to add to the best-in-class customer experience.
“We’re excited to support Bunzl in introducing this innovative solution into the grocery industry. WANDA is ideal for these stores, where customer perception around environmental cleanliness is so very important,” said John Putters, Visionstate CEO. “Visionstate expects the rapidly increasing interest in WANDA across a wide range of customer segments to result in strong sales performance in the year ahead.”
“WANDA is an easy-to-use technology that not only improves customer experience but optimizes labour and supply management, and that can lead to reduced costs,” said Margo Hunnisett, Bunzl Canada’s Vice President, Marketing & Communications. “We anticipate continually increasing demand for this product as leading, customer-centric businesses strive to maximize efficiency while delivering an unrivalled store experience on each and every customer visit.”
The system uses a touch-screen interface and connected devices to enable customers in retail, healthcare, airports, conference centres and now grocery stores to have a predictable, high-quality restroom service experience. It enables facility maintenance teams to optimize resource allocation and improve efficiency.
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, big data and analytics, and sustainability. Through Visionstate 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.
HealthSpace and Visionstate Announce Letter of Intent
HealthSpace and Visionstate Announce Letter of Intent to Target Audit Segment of Facilities Management
VANCOUVER, BC – December 5, 2018 - HealthSpace Data Systems Ltd. (“HealthSpace”) (CSE:HS) (Frankfurt:38H) (OTC:HDSLF) and Visionstate Corp. (TSX-V: VIS) (“Visionstate”) (collectively, the “Companies”) have entered into a non-binding Letter of Intent (“LOI”) to utilize HealthSpace’s current suite of mobile audit applications and extend them for use within the facilities management space.
Visionstate’s product suite includes Internet of Things (“IoT”) devices that help track cleaning, maintenance and supply utilization. Its WANDA device is installed in both public and private facilities such as hospitals, airports, shopping centres, arenas and office buildings. HealthSpace’s HSCloud and HSTouch products are user-friendly cloud and mobile solutions geared toward audit and compliance. These solutions are utilized by government agencies across North America to help them regulate private businesses more efficiently. The LOI allows for the Companies to further explore how HealthSpace’s product suite, combined with Visionstate’s IoT solutions, create a powerful and compelling solution capable of being deployed across a vast industry.
The intent is to deliver a product capable of handling both automated and manual data collection points. The Companies will work together to resell the combined solution through Visionstate’s global distribution network. Both Visionstate and HealthSpace will be able to utilize the reach of an international, multibillion dollar company to resell the solution rapidly and aggressively.
John Putters, CEO of Visionstate, commented: “We have found great success with our distribution partners in offering our IoT solutions. One of the key elements consistently requested beyond IoT is mobile audit applications. HealthSpace’s current solutions are a close fit for what these distributors and others are looking for in a mobile solution.”
HealthSpace CEO Silas Garrison noted: “This LOI with Visionstate gives us great opportunity to extend our software’s reach into verticals that would otherwise be difficult to do on our own. Our robust mobile and cloud solutions are being utilized by government agencies and private audit companies all across North America. We believe one possible evolution for our technology is helping those responsible for the health and safety of facilities by providing them with a more accurate and timely picture of what is happening in their facilities.”
HealthSpace Data Systems Ltd.
HealthSpace is an industry-leading technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. Over the last decade, HealthSpace has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. To date, HealthSpace is the only company in North America that offers integrated inspection, administration and analytics product suite across all platforms. Further, HealthSpace delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status. HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals to enable new customers with proactive environmental health best practices and policies.
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 Everything, big data and analytics, and sustainability. 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 North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Forward-Looking Statements
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although HealthSpace believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. HealthSpace expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
For more information please contact:
Visionstate Corp.
John Putters, CEO
(780) 425-9460
jputters@visionstate.com
HealthSpace Data Systems, Ltd.
Silas Garrison
CEO
(704) 519-8964
silas@hscloudsuite.com
Visionstate Announces Launch of New Website and New Brand Look
EDMONTON, Alberta, November 13, 2018 – Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) today announced that it launched a new user and mobile friendly website and changed its operational outlook.
Visionstate’s new website was designed to reflect the new look and direction of the Company whose primary focus is Internet of Things as well as big data and analytics working together towards creating a more sustainable future.
The shift in branding reflects Visionstate’s new plan to leverage the IoT software behind WANDA to generate revenue on development and licence fees. With large manufacturers now relying on smart devices and sensors, particularly big data and analytics, to operate and compete in the modern market, Visionstate expects to open an entirely new revenue stream by providing embedded IoT software necessary to make millions of devices “smart.” According to the Boston Consulting Group, the IoT application market is expected to increase to US $267 billion by 2020.
By leveraging its legacy WANDA software, Visionstate is able to offer IoT solutions to device manufacturers and generate new revenue streams associated with development, services and license fees.
John Putters, CEO comments: “We are committed to investing in technology that has a positive global impact. Whether it’s by leveraging the power of analytics, using resources more efficiently or creating technology to enable businesses to support sustainability and greater well-being, our approach is to make business and lives better.”
Visionstate Corp.’s wholly-owned subsidiary Visionstate Inc. will now be branded as Visionstate IoT. Visionstate IoT specializes in analytics through sensor data. Its core product is WANDA™ – a touch-screen solution that collects information on cleaning activities, monitors supply inventories, optimizes workforces, enhances employee accountability and provides detailed analytics. WANDA units are now installed in public restrooms in Canada, the USA, the UK and Australia, with the number of installations growing at a steady pace.
You can find more information on the Company’s developments and near-term plans and download Visionstate’s corporate presentation and factsheet on the newly launched website as well as follow the Company on its social media channels (links below).
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 Everything, big data and analytics, and sustainability. 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 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:
Website: www.visionstate.com
Twitter: @visionstate
Facebook: @visionstate
LinkedIn: @VisionstateCorp.
Visionstate Corp.
John Putters, CEO
(780) 425-9460
jputters@visionstate.com
CHF Capital Markets
Cathy Hume, CEO
(416) 868-1079 x 229
cathy@chfir.com
Visionstate’s Revolutionary WANDA Device Sees Accelerated Sales
WANDA won the 2018 CSSA Innovation Award and will be featured at the annual BOMEX conference being held in Calgary, Alberta October 1st to 3rd
EDMONTON, Alberta, Sept. 27, 2018 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”)today announced updates on the sales and distribution of its Internet of Things (IoT) touch-screen solution device WANDAthat tracks cleaning, maintenance and supply utilization in both public and private facilities such as hospitals, airports, shopping centres, arenas and office buildings.
Recent milestones include:
Seven WANDA units sold in a new location, a hospital in Toronto, Ontario.
Five WANDA units sold to a new customer, a shopping mall in the Greater Toronto Area.
Two additional WANDA units purchased by Transport Canada’s Edmonton International Airport.
Several new pilot projects underway including: a hospital in Edmonton, Alberta testing one WANDA unit, and another major Canadian airport testing five WANDA units.
Internationally, pilot projects are also kicking off in the United Kingdom and Australia with large, global companies.
The growth in sales and the sales pipelines are indicative of the growth of IoT in the building services space, as building operators continue to look toward the use of analytics in their decision making. WANDA will be featured at the annual BOMEX conference being held in Calgary, Alberta on October 1st to 3rd. BOMEX is the largest conference of its kind in Canada, catering to the commercial real estate sector.
Moving forward, Visionstate is planning to release a mobile version of WANDA, the development of which is already taking place. The new app will greatly enhance current sales and outreach taking WANDA outside of restroom facilities. The Company will also continue to test sensors with an aim to roll them out by Q2 2019.
“It’s exciting to see WANDA making its way into the local and international markets. Our first Australian project is underway and we are expanding our UK sales by partnering with another major worldwide distribution company. We’ve seen significant progress recently which encourages us to move forward at a greater pace. One of the things Visionstate is focused on now is developing Internet of Things application proposals for major product manufacturers who are using our legacy software,” said John Putters, CEO of Visionstate. "Demand for IoT and data analytics solutions is booming worldwide and we are well positioned to capitalize on this large and growing market opportunity.”
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 Everything, big data and analytics, and sustainability. Visionstate’s goal is to help 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 North America. Building a collection of synergistic technologies, Visionstate will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors “John A. Putters” Visionstate Corp.
Contact:
Visionstate Corp.
John Putters, CEO
(780) 425-9460
jputters@visionstate.com
CHF Capital Markets
Cathy Hume, CEO
(416)868-1079 x 229
cathy@chfir.com
Web: http://www.visionstate.com/
Twitter: @visionstate
Facebook: @visionstate
Visionstate Corp. Retains CHF Capital Markets
EDMONTON, Alberta, July 30, 2018 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”)today announced that it has engaged CHF Capital Markets (“CHF”), a highly-regarded Canadian investor relations and capital markets firm.
Mr. John Putters, CEO of Visionstate, commented: “Visionstate is excited to retain CHF Capital Markets as our investor communications partner. We had a pleasure of working with Cathy Hume and her team in the past and were impressed by their professionalism, expertise and personalized approach.”
Effective immediately, the services agreement for investment community outreach, corporate communications and digital marketing is for a term of twelve months ending July 31, 2019. Thereafter, the contract may be extended with a two months termination notice. Under the terms of the agreement, which is subject to TSX Venture Exchange approval, CHF will receive $4,330 per month in fees and reimbursement of expenses. CHF has been granted 1,000,000 share options exercisable at $0.10. The options vest quarterly over twelve months and have a five-year term. Upon termination of the services agreement, options will be cancelled after 30 days, as required for TSXV.
About CHF Capital Markets
CHF Capital Markets is one of Canada’s top investor relations firm. The Company’s team consists of high-profile communicators, analysts and consultants who specialize in providing individually-crafted solutions for clients while successfully broadening their reach in the investment community. CHF Capital Markets serves an international portfolio of companies operating in a broad range of industries.
About Visionstate Corp.
Visionstate Corp (TSX-V:VIS) is a growth-oriented company that invests in promising new technology in the realm of sustainability, analytics and the Internet of Everything. Through Visionstate IoT, the Company helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state of the art devices that track and monitor cleaning and maintenance activities which also leverage sensor technology. The footprint of Visionstate’s WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across North America. The Company has also made strategic investments into the cannabis sector and renewable energy through Exceed Solar, which specializes in backyard solar applications including greenhouses and garden suites. 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.
Visionstate Corp.
John Putters, CEO
(780) 425-9460
CHF Capital Markets
Cathy Hume, CEO
(416) 868-1079 x 231 cathy@chfir.com
Exceed Solar Ramps Up to Launch Show Suites to Millions of People
EDMONTON, Alberta, July 18, 2018 (GLOBE NEWSWIRE) -- Visionstate™ Corp. (TSX VENTURE:VIS) is pleased to announce that Exceed Solar Inc. has signed an agreement with one of Canada’s most successful shopping centres to display its solar-powered living spaces coming this October. Visionstate Corp. has invested previously in Exceed Solar to leverage clean energy solutions and the Internet of Things (IoT) market.
Exceed Solar, which specializes in backyard solar applications branded under the name “Sol Spaces,” has signed an agreement with Southgate Centre in Edmonton, Alberta to display the Company’s high tech garden suite on the northwest parking lot. The Company’s solar-powered greenhouse will be exhibited inside the shopping centre and will feature, among other things, a living wall.
“We are extremely pleased to be working with Southgate Centre to expose our product to millions of shoppers within our target demographic,” said Stanton Pawchuk, cofounder of Exceed Solar. “The popularity of backyard garden suites continues to increase substantially, so our timing could not be more perfect.”
“At Southgate, we are excited to feature Exceed Solar in showcasing solar-powered technologies. This is a great opportunity for our guests to learn more about backyard solar applications and how you can integrate renewable energy into your living spaces,” says Vivian Wagner, General Manager, Southgate.
Southgate Centre is among the top 5 shopping malls in Canada for sales per square foot, and is located in an affluent area of Edmonton with a strong appeal to professionals and young families. Annually the shopping centre draws approximately 8.9 million visitors.
These demographics line up perfectly with Exceed Solar’s target market, particularly with the popularity of backyard applications such as garden suites and solar greenhouses. Municipal bylaws and regulations are now aligned with this growing market making it even easier for people to implement.
“Even as a rental suite, the backyard garden suite provides a significant return on investment,” explained Pawchuk. “However the flexibility for these living spaces is impressive, and can range from extra office space to artists studios and guest suites.”
Inside the shopping centre under a themed dome area will be the solar powered greenhouse, which is becoming increasingly appealing as food costs rise and consumers express more and more concern about genetically modified foods. The solar greenhouse has its own power source using 1 kWh of solar energy.
While the market for smaller homes, often termed tiny homes, is growing, Exceed Solar is taking a different approach to both renewable energy and living spaces. Each Sol Space is energy audited to maximize efficiency and to reduce the cost of solar power. In order to achieve scalability, the Company has used structural insulated panels as opposed to stick frame construction. This enables Exceed Solar to scale its solution to larger applications such as residential homes and recreational properties.
Exceed Solar is currently constructing the prototypes for the Southgate project and will be launching them on October 1, 2018 at the shopping center with an official ribbon cutting.
About Visionstate Corp.
Visionstate Corp (TSX VENTURE:VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of sustainability, analytics and the Internet of Everything. Visionstate provides investors access to holdings in disruptive technologies that include artificial intelligence (AI), blockchain platforms and solar energy. Through Visionstate 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 North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
For more information please visit www.visionstate.com and follow @Visionstate on Twitter and Facebook. Visionstate is listed on the TSX-V exchange under the ticker symbol "VIS”; additional investor information is available on SEDAR.
ABOUT EXCEED SOLAR
Exceed Solar leverages cutting edge building technologies to create fully sustainable, energy efficient, highly engineered living spaces. These “Sol Spaces” have been designed both to reduce the carbon footprint of the structures and to utilize available renewable energy from the sun via PV solar panels. Sol Spaces are easily installed and highly scalable, from backyard garden suites to solar powered greenhouses to fully sustainable recreational and residential homes.
Forward Looking Statements This news release may include certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with Visionstate’s business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect Visionstate’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Visionstate assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
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.
For more information about Visionstate, please contact John Putters at (780) 425-9460 or jputters@visionstate.com.
Contact: John Putters Phone: 780.425.9460 Email: jputters@visionstate.com
Visionstate Corp. Makes Strategic Investment in Freedom Cannabis Inc.
EDMONTON, ALBERTA – Visionstate™ Corp. (TSX-V:VIS) (“Visionstate”) is pleased to announce it has made a strategic investment in Alberta-based Freedom Cannabis Inc. (“Freedom Cannabis”) in a round of seed funding. The investment into Freedom Cannabis was made on the basis of synergies that exist between the businesses with respect to potential sensor development for monitoring production processes and opportunities to leverage solar powered backyard greenhouses for the home growing market through Visionstate’s investment in Exceed Solar Inc.
The Cannabis Act was recently passed in the Canadian Senate, with production and use expected to become legal on October 17th 2018. “As the cannabis industry emerges in Canada, we see tremendous opportunity in partnering with Freedom Cannabis,” says Visionstate Corp. CEO John Putters, “particularly for integrating our IoT connected sensors and solar applications into the production process.”
Visionstate Inc., a wholly owned subsidiary of Visionstate Corp., is an Internet of Things (IoT) company that specializes in data collection and analytics through sensor data. The Company’s core product, WANDA™, is an IoT touch-screen solution that collects information on cleaning activities, monitors supply inventories, collects foot-traffic data using people sensors and provides detailed analytics, with a reporting dashboard that enables data-driven operational decisions.
“The cannabis industry offers huge potential for sensor applications, particularly in monitoring and quality control,” Putters explains. “Our relationship with Freedom Cannabis provides the opportunity to enter this potentially lucrative market.”
Established in 2016, Freedom Cannabis Inc. (www.freedomcannabis.ca) is a private, seed-to-sale cannabis company currently in the application process with Health Canada to become a licensed producer. They are completing the first phase of their growing operations of approximately 73,000 square feet in Acheson, Alberta and have assembled a local team of experts and experienced professionals to build one of the world’s leading cannabis companies.
“We are excited about working with Visionstate and the transformative possibilities of applying IoT technology to our processes,” says Julie Potestio, President and Co-founder of Freedom Cannabis. “Exceed Solar brings a lot of value with their sustainable greenhouses too; we see their Sol Spaces as a natural fit with what we do.”
The appeal of Visionstate’s WANDA IoT solution is based on its ability to provide valuable data to management at large public buildings including hospitals, shopping centres, arenas, casinos, convention centres and airports. This information is used to assess performance and empowers management to make decisions that can optimize operations and reduce costs. By leveraging existing WANDA IoT technology, Visionstate plans to develop similar real-time monitoring through its partnership with Freedom Cannabis.
Similarly, synergistic opportunities are expected with Exceed Solar Inc. (“Exceed Solar”) (www.exceedsolar.com), a privately-held company in which Visionstate is an investor. Exceed Solar specializes in solar applications including backyard garden suites and greenhouses that are powered by renewable energy and branded under the name “Sol Spaces.” Cutting edge technology is leveraged in building materials and each Sol Space is energy audited to maximize efficiency. The product is scalable from smaller garden suites to larger spaces suitable for recreational properties and larger living environments. Exceed Solar is currently developing a smaller, secure, solar-powered backyard greenhouse that caters to the home growing market for cannabis.
“We see tremendous opportunity with backyard solar applications,” states Exceed Solar cofounder Stanton Pawchuk. “To cultivate cannabis in their backyard, home growers should have a secure environment and need access to power. Our solar greenhouses offer both, and with the bonus of being powered by renewable solar energy. It is a strategic business decision to work with companies like Freedom Cannabis as we bring our greenhouse product to market.”
Visionstate Corp. Announces Sales Growth
EDMONTON, Alberta, June 27, 2018 (GLOBE NEWSWIRE) -- Visionstate™ Corp. (TSX VENTURE:VIS) Visionstate (or “the Company”) is pleased to report substantial sales growth in the current fiscal year compared to the previous year. This trend highlights the growing interest in Visionstate's WANDA™ solution, an IoT (Internet of Things) touch screen solution designed to streamline and improve cleaning services in the building services sector.
Since the start of Visionstate's current fiscal year on October 1, 2017, the Company has seen a year-over-year increase in sales of 125% and an increase in gross profit of 250%. The relatively higher increase in gross profit is reflective of reduced costs associated with selling and deploying the WANDA solution. Meanwhile, license fee revenue has increased by 173% during the same time period.
"Our sales growth reflects the increased interest in adopting IoT solutions," said Visionstate President John Putters. "Increasingly, we see building managers and operators seeking out IoT solutions as they strive to better manage their properties and differentiate their services through a unique offering. There is widespread interest in finding ways to utilize technology to elevate the level of customer service."
WANDA is a touch screen device that collects information on cleaning activities and replenishment of supplies, uses people sensors to track traffic and provides detailed analytics, reporting and dashboards. The WANDA solution’s appeal is based on its ability to provide valuable data to management at large public buildings including hospitals, shopping centres, arenas, casinos, convention centres and airports. This information is used to assess performance and empowers management to make decisions that can optimize operations and reduce costs.
During the month of June, Visionstate grew its client base with the addition of two new hospitals and a large casino. The Company is also continuing with four strategic pilot projects in the US involving two large hospital groups, a school board and a chain of gas and convenience stores in the southeastern United States. These pilot projects are projected to successfully conclude within the next three months and we expect them to be followed by enterprise-wide roll outs.