Visionstate Announces Exchange Acceptance and Closing of Previously Announced Private Placement
Edmonton, Alberta, February 26, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce the final acceptance from the TSX Venture Exchange and closing of its over-subscribed, non-brokered private placement financing ("Private Placement") for gross proceeds of $1,505,000 or 30,100,000 units ("Units") at a price of $0.05 per Unit.
The Private Placement was first announced on February 1, 2021 for up to $750,000 and upsized to $1,500,000 on February 11th, 2021, for up to 30,000,000 units ("Units"), at a price of $0.05 per Unit. On February 26, 2021, Visionstate closed subscriptions of 30,100,000 Units for gross proceeds of $1,505,000 that included 2,445,000 Units issued to certain insiders of the Company.
Each Unit is comprised of one (1) common share in the capital of Visionstate Corp (" Common Share ") and one (1) Common Share purchase warrant (" Warrant "), whereby each Warrant entitles the holder to purchase one (1) Common Share at a price of $0.07 for a period of 36 months from the date of closing.
The issuance of Units to insiders pursuant to the Private 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 Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. Visionstate anticipates 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 $122,250 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.
The securities issued under the Private Placement are subject to a four-month hold period from the time of closing of the Private Placement.
In addition, the Company has paid a finder's fee, in the total amount of $8,880 cash and 2970,00 in broker warrants priced at $.07 per warrant, in connection with the entire Private Placement.
Visionstate will use the net proceeds from the Private Placement for general working capital and growing its business.
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 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.
Visionstate Announces Additional Financing Due to Market Demand
Edmonton, Alberta, February 26, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), is pleased to announce that due to strong investor demand the Company will raise $600,000 in a non-brokered private placement offering of up to approximately 11,000,000 units, at a price of $.055 per Unit, subject to regulatory approval. Each Unit is comprised of one (1) common share in the capital of Visionstate Corp. (VIS) and one (1) common share purchase warrant at $0.07 cents for a period of 36 months from the date of closing.
The closing of the offering is subject to certain conditions, including but not limited to, the receipt of all regulatory approvals, including the acceptance of the TSX Venture Exchange. The securities issued under the offering will be subject to the standard four-month hold.
Visionstate intends to use the proceeds from the Private Placement to invest in corporate development and awareness, general operating capital, as well as investing in the Company’s strategy to expand its Internet of Things technology into the cannabis sector with Freedom Cannabis Inc., which was announced as a non-binding Memorandum of Understanding on January 21, 2021.
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 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.
Visionstate Portfolio Company Freedom Cannabis Inc. Secures Retail Sales Licence
Introducing IOT Innovations for the Cannabis Industry
Edmonton, Alberta, February 16, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), is pleased to announce that Freedom Cannabis Inc., a portfolio company of Visionstate Corp., has received its “Processing Licence with Ability for Sale” from Health Canada on February 11, 2021.
The new licence expands Freedom’s Processing Licence sales authorization to include selling dried and fresh cannabis products to provincial and territorial authorized distributors, retailers, and registered patients.
Freedom Cannabis Inc. also holds Sale (Medical) and Cultivation licences. The Processing licence previously allowed sales of plants and seeds. It further allows for provincial and territorial applications in the Northwest Territories (NWT), Saskatchewan, Alberta, and Ontario for consumer sales.
This licence solidifies Freedom’s ability to market next-generation cannabis products for medicinal and retail sale through vertically integrated seed to sale operations. The Company is now ready to immediately convert its vault inventory into market-ready products, including pre-roll, extracts, and dried cannabis in 3.5g, 7g, 14g, and 28g units. The Company is now poised to leverage its automated packaging and processing systems to provide processing, packaging, and sale services to other licensed producers.
"This licence allows us to now sell to the provinces and adds to our sales channels. We can now offset our business to business (B2B) sales with consumer-focused opportunities,” said Freedom Cannabis Inc. CEO Gianfranco Potestio. “The amendment adds a service model to the company to process, package and distribute for other Licenced Producers. Freedom will begin to leverage its packaging automation towards these services.”
“This is a major milestone for the Freedom family, significantly expanding our market and sales opportunities, unlocking new and diversified revenue streams,” he continued. “It allows us to increase service and cultivation capacity and pursue larger commitments than ever before. We are excited about the scalability, flexibility, and growth potential this approval enables.”
Visionstate Corp. invested in Freedom Cannabis in 2019 and is now working with the company to develop Internet of Things solutions for the cannabis market. The technology will streamline operations and provide detailed analytics on performance and regulatory 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 Upsizes Previously Announced Placement to $1.5 Million Due To Market Demand
EDMONTON, Alberta, February 11, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate”) is pleased to announce that due to strong investor demand it has increased the size of the previously announced non-brokered private placement offering of units (“Units”) to $1,500,000 or up to 30,000,000 units, at a price of $.05 per Unit, subject to regulatory approval. Each Unit is comprised of one (1) common share in the capital of Visionstate Corp. (VIS) and one (1) common share purchase warrant at $0.07 cents for a period of 36 months from the date of closing.
The closing of the offering is subject to certain conditions, including but not limited to, the receipt of all regulatory approvals, including the acceptance of the TSX Venture Exchange. The securities issued under the offering will be subject to the standard four-month hold.
Visionstate intends to use the proceeds from the Private Placement to invest in corporate development and awareness, general operating capital, as well as investing in the Company’s strategy to expand its Internet of Things technology into the cannabis sector with Freedom Cannabis Inc., which was announced as a non-binding Memorandum of Understanding on January 21, 2021.
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 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.
Visionstate Portfolio Company Taps University Grant for Its High-Tech Solar-Powered Greenhouse
Exceed Solar is addressing the growing threat to food security
Edmonton, Alberta, February 11, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that Exceed Solar, a portfolio company of Visionstate Corp., has been successful in working with the University of Alberta in accessing grant funding to conduct advanced research on cold climate greenhouses.
The grant, which was secured through the University of Alberta’s Energy Management and Sustainable Operations, will provide funding to install Exceed’s high-tech solar-powered greenhouse on the university campus for the purposes of advanced research.
The objective of the project is to leverage technology to further enhance the capabilities of backyard greenhouses in order to address growing concerns about food security. The project will incorporate Visionstate’s Internet of Things (IoT) technology to measure environmental conditions and new technology that draws heat from natural sources.
In addition, research projects with the University of Alberta’s Engineering Department, Renewable Energy Design team, and Permaculture student groups will be involved with the project.
“This is a great opportunity for both Exceed Solar and Visionstate,” explains Visionstate Corp. CEO John Putters. “It provides Exceed with access to advanced research while at the same time giving Visionstate the opportunity to work with the electrical engineering department to deploy its proprietary IoT technology in the consumer market.”
The 240-square-foot greenhouse is constructed using sustainable and efficient building materials while leveraging solar energy for off-grid power.
According to the US-based National Gardening Association (NGA), 35 percent of households in the US grow food either at home or in a community garden, representing a 200% increase over the past five years. Food Secure Canada, in a recently published policy action plan, concluded that the global COVID-19 pandemic has illustrated the need for a renewal in our food systems.
“The pandemic is magnifying the structural inequalities in our food systems, the insufficiencies of our social protection programs, and the challenges with the dominant food supply chains,” said Gisèle Yasmeen, Executive Director of FSC, in a recent press release. “The time for healthier, more just and sustainable food systems is now.”
Exceed Solar, which is focused on sustainable, high-tech building envelopes for backyard applications such as studios, greenhouses and garden suites, is currently building the university prototype and expects installation in early spring 2021.
Visionstate, which develops IoT software branded under the name Wanda, will leverage its relationship with Exceed Solar to expand its solution to the consumer market. Wanda is currently used in the facility management sector to monitor compliance and efficiencies in the cleaning process.
“One obvious example of Visionstate’s technology being applied to the building sector,” Putters explained, “would be using our IoT buttons, or Wanda Quicktouch, for alerts in garden suites designed for seniors. Beyond that, performance measurement of buildings is critical to achieving net-zero targets, which provides an additional opportunity for Visionstate.”
Visionstate invested in Exceed Solar in 2018 and is the company’s largest shareholder.
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 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.
Visionstate Corp. Announces Private Placement
Edmonton, Alberta, February 1, 2021 - 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 15,000,000 common shares of the Corporation (“Common Share”) at a price of $0.050 per Common Share for gross proceeds of up to $750,000.
The Offering includes one full warrant at 7 cents for every common share purchased, with an expiry date 36 months after the closing of the private placement. 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.
Visionstate intends to use the proceeds from the Private Placement to invest in corporate development and awareness, general operating capital, as well as investing in the Company’s strategy to expand its Internet of Things technology into the cannabis sector with Freedom Cannabis, which was announced as a non-binding Memorandum of Understanding on January 21, 2021.
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 December 31, 2020. 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 $750,000, Visionstate will accept such subscriptions on a first come, first served basis.
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 WANDATM 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 Signs MOU with Freedom Cannabis
Introducing IOT Innovations for the Cannabis Industry
Edmonton, Alberta, January 21, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce it has entered into a non-binding Memorandum of Understanding (“MOU”) with Edmonton-based Freedom Cannabis Inc. to pursue strategic opportunities in business and technology development.
The MOU provides a basis for which the two companies can collaborate to pursue opportunities, including the introduction of Visionstate IoT Inc.’s proprietary Internet of Things (IoT) technology to the cannabis sector.
“We are extremely pleased to have entered into this MOU with Freedom Cannabis,” said Visionstate CEO John Putters. “It is a demonstration of the versatility of our Wanda IoT platform that has typically been sold to the building management sector. This relationship opens the door to an entirely new industry.”
“After observing the evolution of the cannabis sector, we decided that now was the right time to leverage and develop IoT technology to improve productivity and fulfill the industry needs,” said Freedom Cannabis CEO Johnfrank Potestio. “The IoT will align neatly with our processes and enable the next stages of operational innovations.”
Visionstate’s IoT technology, branded under the name Wanda, is currently deployed throughout North America in diverse settings, including hospitals, airports, casinos, office building and shopping centres, to name a few. Wanda is designed to track and monitor cleaning processes and protocols using sensors and IoT devices.
For the cannabis sector, the technology will be tailored toward collecting data on routine processes, including the maintenance and sanitation records in grow rooms. Currently the tracking and stamping of employee tasks for most cannabis producers is paper based. This includes tracking of maintenance, pest control, defoliation, and cleaning and sanitizing rooms and equipment.
“Introducing our IoT technology to the cannabis sector opens new opportunities to diversify our customer base and expand our revenues,” Putters explained. “Cannabis producers all face similar challenges in automating operations, so the application is relevant to virtually any licenced producer.”
The MOU also paves the way for the two companies to explore other opportunities in business and technology. The relationship is solidified by the fact that Visionstate Corp. is an existing shareholder of Freedom Cannabis Inc.
According to the Financial Post the estimated value of the cannabis sector in Canada will be $5 billion in 2021.
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 to Be Enhanced by New RFID Technology
Application sold to an oil and gas company for inventory tracking
Edmonton, Alberta, November 25, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that it has sold an application for RFID technology (Radio Frequency Identification), which will be leveraged to enhance the growing suite of products under the Wanda smart technology platform, to a company in the oil and gas sector.
The RFID solution provides a company that rents equipment in the oil and gas sector with an ability to track and streamline inventory and product movement. Each product is tagged with an RFID tag and can be tracked using RFID readers as it enters and exits defined areas such as warehouses or supply rooms.
“Tracking critical assets is an important part of efficient operations,” says Visionstate CEO John Putters. “RFID tracking helps control inventory and accurately measure its use and consumption.”
Visionstate’s oil and gas client was challenged by the number of products travelling in and out of the main warehouse, especially since the product is rented to customers in remote locations. The RFID application addresses this problem by tagging products and tracking them through the sales cycle. This has improved inventory management and provides more accurate data for billing purposes based on the length of time the product was rented.
According to Grand View Research, the market for RFID application is expected to grow to $40.5 billion by the year 2025. Similarly, the IoT or Internet of Things market is also expected to grow significantly over the next several years as wider adoption occurs.
Visionstate IoT Inc., a wholly owned subsidiary of Visionstate Corp., is working on applying the technology to its proprietary Wanda solution which tracks cleaning activities in public facilities. Wanda, which is installed in hospitals, airports, office buildings, shopping centres and sports facilities across North America, provides detailed analytics to facility managers on the efficiency of cleaning and resource use.
“With RFID technology our capabilities in tracking the use of resources will be significantly enhanced,” Putters explains. “Not only can we use RFID to track the movement of physical resources, but we can also measure the amount of time frontline staff are involved in the cleaning of specific areas.”
Wanda already tracks cleaning activities and foot traffic. With the RFID technology in place, the return on investment for customers will be even greater.
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 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.
VIS Develops New Wanda Occupancy Measurement Feature to Address Covid-19 Social Distancing Protocols
Edmonton, Alberta, November 5, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce the addition of its new occupancy level feature to the growing suite of products within the Company’s Wanda IoT solution.
The new occupancy feature addresses concerns surrounding social distancing during the global COVID-19 pandemic by enabling facilities to provide customers with an accurate measurement of the number of people collected in a defined area, including restrooms.
The feature ties the Wanda tablet, an IoT device that measures cleaning activities and performance, with highly accurate people counting sensors. The Wanda tablet displays a message on its screen advising whether the area is at full capacity based on pre-established social distancing protocols.
“The new occupancy feature was designed for convenience and for safety reasons,” explains Visionstate CEO John Putters. “While many facilities have used static signage to publicize required occupancy levels, there is no way for the customer entering the room to know how many people are actually in that area, particularly as it pertains to public restrooms.”
Occupancy tracking is the most recent feature available within the growing Wanda solution. The technology already tracks foot traffic into restrooms, which provides facility managers with a much clearer understanding of cleaning requirements, especially when paired with other Wanda data such as public alerts, cleaning activities, resource use and frequency of cleaning, to name a few.
“Our technology is focused on ensuring efficiency in cleaning and meeting the new standards implemented as a consequence of the global pandemic,” Putters explains. “Our new feature not only helps ensure safe social distancing but demonstrates a proactive approach to customers who expect a higher level of attention to health standards.”
The Wanda suite of products includes Wanda tablets that are mounted outside restrooms or in public areas to collect cleaning data and measure customer satisfaction; WandaMOBILE, which tracks cleaning activities, resources and compliance with cleaning protocols throughout a facility; and Wanda QuickTouch, a battery-powered IoT button designed for public alerts and cleaning time stamps.
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 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.
Visionstate Announces New Global Partnership with Bunzl to Include New and Wider Revenue Streams
Edmonton, Alberta, October 22, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that Visionstate IoT Inc., a wholly owned subsidiary of Visionstate Corp., and Bunzl Canada Inc. ( bunzlcanada.ca ), the Canadian division of specialist international distribution and services group, Bunzl plc, have renewed their partnership agreement for Bunzl to sell and distribute Visionstate’s proprietary Wanda IoT (Internet of Things) solution through its global markets.
The agreement solidifies and enhances Visionstate’s existing partnership with Bunzl with a wider revenue stream, in addition to Bunzl sales efforts, that includes the provision of development services to create new features and functionality for the product. This agreement positions Bunzl, a global distributor of cleaning and hygiene products and equipment, as the exclusive distribution partner for Visionstate IoT Inc.
Through the partnership Visionstate earns royalties on each Wanda unit sold and collects monthly residual income from on-going license fees derived from its three products. The agreement provides Visionstate with access to Bunzl’s global market in terms of the sales and distribution of the Wanda solution, which has gained significant attention as a result of the COVID-19 pandemic.
“Visionstate is extremely pleased to be partnered with Bunzl,” said Visionstate CEO John Putters. “It leverages both companies’ strengths by bringing together a large distributor with global sales and marketing capabilities and Visionstate’s expertise and proven track record in introducing new innovations.”
Visionstate will be working collaboratively with Bunzl to further enhance the Wanda solution. The front-line business intelligence brought by Bunzl enables Visionstate to focus on technology development and meet the demands of its customer base.
“The future of Visionstate is solidified under the terms of the agreement,” explains Putters. “It positions the Company to be aligned with a global leader in cleaning and hygiene, which is our primary market, and therefore provides a level of protection for Visionstate as it continues to gain market share in this industry.”
The partnership is mutually beneficial to both businesses. “The market for this type of technology has grown significantly since the COVID-19 outbreak, as public and private facilities grapple with increasing requirements for tracking activity and compliance with rigorous cleaning and hygiene standards and protocols,” said Margo Hunnisett, Vice President of Marketing & Communication at Bunzl Canada. “Continuing our relationship with Visionstate IoT maintains Bunzl’s position as industry leader in providing exclusive innovations that help our customers improve efficiency and the effectiveness of their facility cleaning and maintenance programs.”
The Wanda solution suite of products, which have revolutionized facility cleaning management and tracking, includes Wanda tablets and traffic counters placed in or near smart restrooms, WandaMOBILE for tracking and recording cleaning protocols throughout buildings, and Wanda QuickTouch, an innovative IoT button used for quick deployment of cleaning alerts and responses. The new agreement represents the next phase of evolution for Visionstate and Wanda.
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 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.
Visionstate Corp. Participates in National Investor Forum
Edmonton, Alberta, September 30, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce the Company participated in a national Investor Forum Sept. 16, which provided the opportunity to discuss the status of Visionstate IoT Inc. and what the future holds.
The link to the presentation can be found at:
https://event.webinarjam.com/replay/1/6k1w4f5t08b42i7pr
Visionstate CEO John Putters presented at the online forum, which included approximately 30 participants in the capital market sector. Putters gave an overview of the Company’s technology and the direction it is taking for the future.
“The forum was an invaluable opportunity to reach out to those in the capital markets to tell our story,” Putters commented. “Our story becomes more compelling by the day as the company’s IoT solution is directly related to cleaning compliance and digital audit trails of what’s actually happening in facility cleaning and maintenance.”
Putters pointed out that the Company’s technology, branded under the name Wanda, has become even more relevant considering COVID-19, particularly in ensuring cleaning protocols are met, and defending against potential liability. Visionstate’s proprietary mobile app provides tools for facility managers to create custom compliance protocols that can then be measured in real time on an analytics dashboard.
“WandaMOBILE is an affordable technology that enhances cleaning, introduces new efficiencies in the process, and can provide a valuable audit trail in the case of lawsuits,” Putters explained. He told the forum that the Company’s three main products, Wanda tablets, WandaMOBILE and Wanda QuickTouch IoT buttons work seamlessly and provide a complete facility management solution.
The forum was also updated on the Company’s sales, its software as a service business model, and new features being built into the solution on an ongoing basis. Visionstate recently completed the second phase of its app rollout to Canadian warehouses and sold units to new and existing clients in the US.
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 Launches New Tech Feature in Wake of COVID-19
Edmonton, Alberta, September 10, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce significant technology initiatives undertaken as a result of the continued threat posed by COVID-19. The new features enhance the Company’s current suite of products, branded under the name Wanda, which are designed to improve cleaning practices through the use of Internet of Things (IoT) technology.
Leveraging Visionstate’s use of sensors, which deliver data to Wanda tablets mounted outside restrooms, the Company is developing software to measure occupancy levels in public facilities. With the new feature in place, Wanda, using people counting sensors, can display whether or not a defined area, such as restrooms, has met its maximum occupancy level or not.
“With social distancing becoming the norm, people are more aware of the crowd environment, and knowing whether a facility or area of a building has reached capacity is important to both them and public health in general,” explained Visionstate CEO John Putters.
The new occupancy feature seamlessly integrates with existing Wanda solutions, utilizing the tablet itself for the information display as well as 3D people counting sensors that track traffic in and out of defined areas. Patrons are then provided with messaging on the Wanda tablet to indicate whether or not it’s safe to proceed.
“Visionstate is responding to what the market demands as it pertains to containing COVID-19,” Putters continued. “In the past six months the Company has responded by launching a mobile app to track cleaning compliance, and IoT buttons that can be deployed quickly for cleaning alerts, and require no existing infrastructure.”
For its mobile app, Visionstate developed custom forms that enable building operators to track compliance in their cleaning protocols. As protocols become more detailed, tracking anything from door knobs to meat slicers, antiquated paper-based methods of ensuring compliance will no longer work.
“The fact is, because you are dealing with people’s health and in some cases their lives, it’s extremely important to have a digital audit trail for cleaning compliance in case of a lawsuit, which is already happening,” Putters said. “Our technology is a very affordable solution in light of the alternative.”
Visionstate is also focussing on interaction with the Wanda screen itself. Although protected by an antimicrobial overlay, people are becoming more reluctant to interact with a touchscreen to provide feedback. Visionstate has responded by developing a feature that enables patrons to scan a code and provide feedback from their mobile phones.
Additionally, the Company is working on further integration with third party sensors to enhance its analytics platform. This positions Wanda as a hub of all smart data emanating from restrooms or other areas in public facilities.
“The potential for detailed analytics is significant,” Putters explained. “For example, if we are tracking foot traffic in and out of a restrooms, while at the same time measuring hand pumps with the soap dispenser, analytics can calculate the average number of people actually washing their hands. For facilities like hospitals, this is extremely important information.”
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 Begins Phase 2 Of App Roll Out, Announces New Sales
Edmonton, Alberta, September 8, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce it has commenced phase 2 roll out of its Wanda mobile app to locations across Canada. The app, which tracks cleaning compliance, resource use and other cleaning-related activities, will be deployed to an additional 20 warehouse locations in September 2020.
The Company also reports it has secured a pilot project for its Wanda solution at a global pharmaceutical company which is using the technology to track cleaning in its test lab environments. The Company has also commenced a pilot project with one of the largest universities in Canada. Additionally, existing customers of Visionstate have ordered more product, including the Wanda device, Wanda QuickTouch, and the mobile app.
“The interest in the Wanda solution has grown dramatically as our communities enter into re-opening stages of their economies and facilities,” explained Visionstate CEO John Putters. “Antiquated paper-based methods of tracking cleaning compliance are no longer acceptable, and IoT solutions like Wanda are becoming the standard.”
The new sales will add to the Company’s bottomline as it builds its residual income from the Wanda solution, which is based on a software as a service model. Each additional sale of licenses adds to the monthly recurring revenue.
The Wanda suite of products include physical tablets located at the entrance to public restrooms that collects data on cleaning, supplies and maintenance to ensure cleaning protocols are being met. Recently the company also launched WandaMOBILE which can track cleaning and compliance in every part of a building. Wireless, battery operated IoT buttons, called Wanda QuickTouch are also being used to track alerts and responses to critical cleaning issues.
“Our products are essential to properly tracking cleaning compliance,” explained Putters. “As facilities begin to re-open, they must ensure they are meeting new standards, and our technology helps them track that performance, especially if reporting to health authorities is mandated.”
WandaMOBILE is a cost-effective method of tracking compliance and can be deployed within days. The mobile app, which can run on any smart device, provides facility managers the ability to create custom compliance reports that can then be tracked in real time through analytics.
The Company’s sales strategy is to build its compliment of mobile licenses to increase the recurring revenue generated through the software as a service model.
“WandaMOBILE is an extremely affordable solution to helping to protect people’s health and present a positive, proactive image,” Putters explains. “Consumers, visitors, patrons, will all expect an enhanced approach to cleaning, and WandaMOBILE ensures that is the case.”
The Company is currently targeting franchises in hospitality, school districts, and other large, recognizable locations for its technology. The Company is doing this through key word advertising, direct sales and webinars.
“Cleaning compliance is no longer an after thought, or something to take for granted,” Putters explains. “COVID-19 has fundamentally changed the way we view facilities, and the public’s expectation is that these facilities take cleaning seriously and demonstrate proactivity.”
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 and Bunzl Canada Launch National Hygiene Compliance Platform
WandaMOBILE™ app rolled out to warehouse operations across Canada to verify and validate cleaning protocols
Edmonton, Alberta, June 18, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to report that its partner Bunzl Canada (bunzlcanada.ca) today announced the phased roll-out of the WandaMOBILE™ digital cleaning management system to major distribution centres across Canada.
As an essential link in Canada’s grocery, safety, and cleaning & hygiene supply chain, keeping its buildings and vehicles clean and hygienic to protect both employees and customers is vital for Bunzl. However, like most organizations, the national distributor struggled to easily verify and validate cleaning program compliance. To solve that problem, Bunzl collaborated with its development partner, Visionstate IoT, on the WandaMOBILE™ application.
Accessible from any mobile device, WandaMOBILE™ contains the specific cleaning protocols for each warehouse facility and vehicle fleet, including both tasks and frequencies. Staff can easily enter cleaning activities as they are completed. Managers can quickly and conveniently view compliance dashboards to verify the necessary activities are taking place to keep facilities clean, healthy and safe. The system is designed to focus cleaning efforts, improve effectiveness and promote compliance in any type of facility.
According to Bunzl’s Senior Director of Operations, Tim McKinnon, the program pilot was highly successful. “We began this initiative in our Mississauga, Ontario facility. The first month was a learning curve – as expected, it took our team some time to get used to a new way of doing things. But by week four we had our cleaning program running so well, our compliance rose to over 100%, and the feedback from our management team and employees was really positive. Now we’ve begun a phased roll-out, beginning with our five largest distribution centres across the country.”
“WandaMOBILE™ is a powerful compliance management tool that helps to raise the standard of cleaning and hygiene in public spaces,” said John Putters, CEO of Visionstate. “The feature-rich technology continues to evolve to enable and support state-of-the-art environmental management.”
John Howlett, President of Bunzl Canada and a passionate proponent of the system, said it will be implemented in all of the company’s office and warehouse locations by the end of the year. “If you can’t measure it, you can’t manage or improve it,” he said. “The health and wellbeing of our employees and customers is our top priority and foremost concern. Digitally managing and monitoring cleaning program compliance enables us to maintain a cleaner, healthier and more hygienic work environment for our employees. That protects our customers and gives them confidence when our vehicles arrive with their critical supplies.”
WandaMOBILE™ is a component of the WandaNEXT™ system, comprised of robust analytics software and data collection components that include touchscreen tablets, infrared traffic counting units, the new mobile application and IoT alert buttons. Its configuration can be customized to meet specific facility management needs. The system’s growing installation base includes healthcare, retail, commercial office, conference, airport and distribution facilities across Canada and the United States. It was also recently launched in the United Kingdom and Australia.
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 Releases a New Compliance Feature to Tackle COVID-19
Edmonton, Alberta, June 9, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) announced today the release of a new compliance feature added to its Wanda software to further enhance reporting and tracking of cleaning activities in an effort to help public facilities fight the pandemic and prevent further spread of COVID-19.
The new feature enables building operators to track in real time how well their facility is complying with stricter cleaning practices recently imposed by regional health authorities in order to contain and reduce the risk of spreading the virus. It provides detailed reporting on cleaning activities and compares that information to the new standards. The feature includes an overview of compliance measures and displays a score card on how well the facility has managed these new cleaning practices.
“Increasingly we are seeing the implementation of stricter cleaning protocols,” explains Visionstate CEO John Putters. “Building operators will need new technology in order to effectively track those activities and provide data on how well they have lived up to the new expectations.”
The requirement for enhanced tracking is becoming increasingly important as restrictions on re-opening the economy are eased. Effective cleaning measures are demanded by the public to ease concerns about visiting facilities such as restaurants, shopping centres, airports and other shared facilities.
“There is an expectation and a responsibility for facilities to be proactive in their cleaning practices, and our software gives the facility managers an ability to track that information and provide evidence as needed,” Putters added.
The compliance feature is now part of the overall Wanda solution and can be tracked using Visionstate’s online portal. It works seamlessly with Wanda tablets, WandaMOBILE and the recently released IoT buttons called Wanda QuickTouch, which are designed for quick and easy deployment to track cleaning alerts.
“Cleaning practices are now at the forefront of ensuring the viruses don’t spread among the population,” Putters explained. “Moving forward, this will be the expectation from the public and health authorities, and Visionstate is on the leading edge of providing the necessary technology to track those activities.”
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 Latest Technology to Raise Bar on Hygiene Compliance Amid COVID-19
Demand for smart restroom system expected to increase as facility cleaning protocols heighten
Edmonton, Alberta, April 9, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce it is collaborating with Bunzl Canada, the Company’s exclusive distributor of its proprietary WandaNEXT™ solution, to further enhance its product line to meet the needs of any type of facility.
Bunzl Canada, a division of global cleaning and hygiene product distributor Bunzl plc, has launched the two newest system components, WandaMOBILE and WandaQUICKTOUCH, developed by Visionstate to complement existing WandaNEXT capabilities. The company expects cleaning and hygiene compliance to be at the forefront of facility maintenance concerns, creating increasing demand for the detailed analytics and reporting functionality provided by WandaNEXT.
“WANDA is a powerful compliance management tool that will help to raise the standard of cleaning and hygiene in public spaces,” said John Putters, CEO of Visionstate. “Organizations who implement this advanced technology will be seen as industry leaders and best practice examples of state-of-the-art environmental management.”
WandaMOBILE enables cleaning teams to efficiently document cleaning activities from their mobile devices and provides facility managers with data analytics to confirm activity types and frequency, analyze consumable usage and optimize resource deployment. WandaQUICKTOUCH is a simplified technology of WANDA, an Internet of Things (IoT) alert button enabling quick, easy and affordable tracking for service alerts and response times in any type of facility.
The new components broaden the system’s applicability to varied facility sizes and types, which will become vital as more companies are looking into improving the hygiene and thus health and safety of their public areas, as a result of novel coronavirus outbreak.
“More than ever, the focus will be on ensuring that the correct cleaning protocols for specific facility types have been established, and are being followed,” said Bunzl Canada President, John Howlett. “We continue to work with Visionstate IoT to enhance this important technology so we can proactively address the new challenges our customers face in maintaining healthy, safe and productive environments.”
WandaNEXT has a growing installation base that includes healthcare, retail, commercial office, conference, airport and distribution facilities across Canada and the United States. It was also recently launched in the United Kingdom and Australia.
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.
The new reality of restroom cleaning
We’ve all had the same frightening experience at one time or another: you walk into an establishment having to use the restroom, only to discover it’s an unsightly mess that leaves you wondering if you were better off seeking the privacy of a back alley. Needless to say, your desire to ever re-visit the premises hits an all-time low.
An unattended dirty washroom. <Photo credit: arcurrent.com>
While in the past the worst-case scenario was leaving with a bad taste in your mouth, or perhaps even excluding the establishment as your go-to for food or any other goods or services offered, today is a much different playing field.
The COVID-19 pandemic has illustrated that clean facilities are no longer a luxury, but rather a necessity. Setting aside the relevance of public perception for a moment, there are now more significant risks at stake to any facility manager.
First and foremost, there are cleaning standards that are expected to be met. Previously we relied upon paper-based forms to track who and when cleaned a restroom or a public area, and what activities were performed during the cleaning process. The same tired, forlorn, sheet of paper hung haphazardly on the inside of the restroom door awaiting an illegible signature to indicate the restroom was clean and up to the standards of the facility and the general public.
Today this approach is no longer acceptable. COVID-19 has affected the entire planet and proper cleaning is no longer just about perception, but personal safety and potential liability if cleaning standards are not met. The cruise line industry is already facing this reality, and winning customers back after the COVID-19 curve flattens out will be a tough proposition without convincing them that new measures are in place to ensure the highest of cleaning standards. Otherwise, the risk to public and personal safety is simply too high.
Technology is increasingly becoming the answer to the new reality we face in light of COVID-19. And specifically, IoT or Internet of Things technology which facilitates data collection on all aspects of cleaning and meeting high standards. Real-time information on what was cleaned, when, by whom, the resources used, and the amount of traffic observed is now available through products like Visionstate’s WANDA solution. It provides protection to both the customer and the facility.
Visionstate’s WANDA™ is installed at public spaces to help facility manager better control the effectiveness and efficiency of the building.
Of course, the movement toward IoT is also driven by public perception, which in most cases is the determining factor between success and failure. In the past we may have left a poorly maintained facility with a bad taste in our mouths; today we ask ourselves if perhaps we contracted a disease that will affect our well-being.
Clearly, the investment into IoT far outweighs the alternative. In fact, it’s a cheap price to pay considering it affects both lives and potential liability.
Visionstate Corp. Announces Final Approval for Closing of Over-Subscribed Private Placement
Edmonton, Alberta, March 30, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) announced on February 4, 2020 has received final acceptance from the TSX Venture Exchange to close on the over-subscription and issue 16,600,000 units (“Units”) at a price of $0.025 per Unit for gross proceeds of $415,000. Each Unit is comprised of one (1) common share in the capital of Visionstate (“Common Share”) and one (1) Common Share purchase warrant. Each Warrant entitles the holder to purchase one additional (1) Common Share at a price of $0.05 for a period of two (2) years from the date of closing. If the closing price of the Common Shares on the principal market on which such shares trade is equal to or exceeds $0.075 per Common Share for twenty (20) consecutive trading days, the Warrant term will automatically accelerate to a date that is thirty (30) days following the date a press release is issued by Visionstate announcing the reduced Warrant term, without any further notification to be made by Visionstate to the subscribers.
The pricing of the Offering 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 announced on February 4, 2020.
Visionstate intends to use the proceeds from this closing as follows: WANDA software development, specifically IoT (Internet of Things) buttons and a mobile app integrated with WANDA as to 30%; WANDA hardware inventory for internal sales as to 30%; and general and administrative expenses as to 40%.
The participation in the Offering by an executive officer 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 Common Shares and Warrants comprising the Units are subject to a four-month hold period from the time of closing of the Offering.
Issued on behalf of the Board of Directors “John A. Putters” Visionstate Corp.
Visionstate Appoints New Director as Part of its Accelerated Growth Strategy
Edmonton, Alberta, March 27, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce the appointment of Ned Dimitrov to the Board of Directors, adding to the Visionstate team valuable knowledge and experience in the field of capital markets, as the Company explores new growth strategies. He has also been appointed to the Board’s Investment and Acquisition Committee to explore opportunities for Visionstate Corp. to grow through synergistic acquisitions and investments.
Mr. Dimitrov, based in Toronto, is a result-oriented multilingual professional with a strong affinity for business development and technology implementation. Mr. Dimitrov has a proven history of identifying new business niches and developing new markets. He is also familiar with raising capital through capital markets and individual investors, with over 8 years’ experience in sales, securities and options trading, financial advice, and consulting.
“We are extremely pleased to have Mr. Dimitrov join our team,” said Visionstate CEO John Putters. “His combination of skills and experience make him a perfect fit for our Company that is currently on an accelerated growth trajectory.
The addition of Mr. Dimitrov comes at a pivotal point in the Company’s evolution, as Visionstate’s IoT (Internet of Things) technology has become increasingly relevant globally, both in terms of people’s health and potential liability, as a result of the COVID-19 outbreak.
“As we emerge from the global pandemic, the emphasis for all companies will be on meeting compliance standards for cleaning services, which is what our technology is all about,” Putters explained. “With Mr. Dimitrov now on our team, we can explore new opportunities to make Visionstate part of a global movement which aims to deliver smart technology to the facility management industry.”
The Company also announced that Dr. James Adams has resigned from the Board, effective immediately, due to other professional commitments. Visionstate would like to thank Dr. Adams for his service and wishes him great success in his future endeavours.
Due to the COVID-19 outbreak and subsequent government regulations, the Company announces it will be postponing its Annual General Meeting until further notice.
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 Ships First IoT Buttons for Rapid Response to Cleaning Alerts
Edmonton, Alberta, March 23, 2020 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce it has shipped its first Internet of Things (IoT) buttons to hospitals in Vancouver, BC, marking the initial deployment of the new technology developed by the Company.
The buttons, called Wanda QuickTouch, were developed to address the need for rapid deployment in a facility of any size. The IoT buttons send instant alerts to management advising of any cleaning or maintenance issues that may pose risks to the public safety. The technology enables facility managers to track alerts and staff response times, as well as monitor regular cleaning activities in the high-traffic areas.
“COVID-19 has demonstrated the need for facilities to be proactive on cleaning issues,” explains John Putters, CEO of Visionstate. “It is incumbent upon them to be compliant with high cleaning standards, and demonstrate to the public a commitment to maintaining those standards.”
Wanda QuickTouch was designed to be deployed quickly in any area of a facility in order to monitor alerts issued by staff or the general public. The button can be adhered to any surface and requires no infrastructure to operate. The IoT buttons are battery operated and automatically connect to the LTE-M network.
“We are receiving a tremendous amount of interest from the facility management companies to deploy our technology,” Putters comments. “It’s ideal for remote restrooms or cleaning areas as it is a user-friendly, efficient and affordable solution.”
Hospitals have shown particular interest in Wanda QuickTouch as they can be used in patient rooms, nursing stations, restrooms or common areas. The buttons can be used in conjunction with Visionstate’s new Wanda mobile app, which provides facility managers with the ability to track cleaning and maintenance activities throughout a facility.
For more information about Wanda QuickTouch, please visit our web site at:
https://wandasolution.com/wanda-quick-touch/ 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.