Exclusive Interview with CEO of VSBLTY Groupe
Technologies (CSE: $VSBY.C) ( $VSBGF) #AI / #Security and Company Updates
Point Roberts, WA and Delta, BC - May 23, 2019
(Investorideas.com Newswire) Investorideas.com, a global investor news source
covering Artificial Intelligence issues a special edition of The AI Eye,
featuring an exclusive interview with the CEO of VSBLTY Groupe Technologies
Corp. (CSE:VSBY) (5VS.F) (VSBGF).
Listen to the
podcast:
Read this in full
at https://www.investorideas.com/news/2019/artificial-intelligence/05231AIEye-VSBLTY-CEOInterview.asp
VSBLTY Groupe Technologies Corp. provides real-time analytics and
security through Proactive Digital Display™ signage with AI and machine
learning-based software modules. The company recently announced that it
had joined international cyber security consortium Cyber Ops Alliance (COA)
earlier this month.
In
an interview with Investorideas.com, Company co-founder and CEO, Jay Hutton
explained how COA’s multi-disciplinary approach and emphasis on areas of
VSBLTY’s specialization made the decision to join timely and advantageous.
“For
us, because they have identified significant opportunities emerging in facial
recognition and the related disciplines, we felt it was time for us to join,”
he said. “We’ve determined that the demand for that kind of thing – holistic,
top-to-bottom security solutions – is becoming more and more of a requirement.”
COA’s
CEO, Dan Downing said in the press release:
“We are excited
that VSBLTY's leading-edge technology can now be combined with the advanced
security capabilities of other COA companies. Wherever deployed, VSBLTY can
provide perimeter security by looking for 'persons of interest' or by
identifying objects-including weapons-in real time.”
Hutton
said that the relationship with COA will open up new opportunities for the
company moving forward.
“It’s
a very broad range of capabilities, assets and personalities, which of course
will expose us to a brand new marketplace,” he said. “We’re excited about it.”
Hutton
explained how VSBLTY’s cross-module application – it’s capabilities in the
complimentary application of security, advertising and analytics solutions –
makes it stand out from competitors.
“We
kind of have a unique opportunity to take an aggressive position in the
marketplace because we have this very unique approach,” he said. “VSBLTY sells
three discrete software modules: visual display, data analytics – incorporating
camera and machine learning – and Vector which is the security piece.”
“We
have competitors in the first module, the second module, and of course, we have
competitors in the third module. But here’s what’s interesting, there’s not a
single competitor that addresses all three modules.”
The
third component Hutton mentioned, Vector™, is described on the company website as “a software
module that interfaces with a comprehensive local or remote database to detect
persons or objects of interest within a camera’s field of view”. Hutton
explained how Vector™ performs a joint function of advertising to consumers
through digital signage, but also an increasingly important security
application.
“We’ve
got the double efficacy of, not only delivering a message to an audience, but
driving the eyeballs of that audience to a screen so that we achieve a security
utility, as well as delivering a promotional or advertising utility,” he said.
“Once it identifies a person it tracks that person to find a face. When it
finds that face it can connect [it] or match it to a curated database, if you
think of a local application or a national electronic database if you think of
the no-fly list or anti-terrorism list [for example].”
Research
firm Memoori published a piece
earlier this year analyzing the video surveillance market, in which it claims
“AI Video Analytics which will gradually be taken up over the next 5 years,
having the potential to add a further $3Bn to the video surveillance market in
2023”.
Hutton
said companies that zero in on certain sections of the market have the best
chance of success. “I believe that the companies that will be successful in the
… really broad category of AI are those that break down the components of it
and apply it to a specific segment or segments, and that’s precisely what we’ve
done.”
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