#AI Stock
News: VSBLTY (CSE: $VSBY.C) CEO REPORTS ON COMPANY
IMPLEMENTATION OF AI AND MACHINE LEARNING TECHNOLOGY
PHILADELPHIA, PA., June 13, 2019 (Investorideas.com Newswire)
Jay Hutton, co-founder & CEO of VSBLTY Groupe Technologies Corp. (CSE:
VSBY) (5VS.F) (VSBGF), a
leading retail software and technology company, today
reported on the recent progress of the company in selling its artificial
intelligence and machine learning technology.
Read this in full at https://www.investorideas.com/CO/VSBY/news/2019/06131CEOReports-AI-MachineLearning.asp
“We
have been working hard to lead the way in deploying our software in various
activations that are monumental in the effect they have on driving innovation
in both the retail and security worlds,” Hutton said.
Strategically,
VSBLTY’s efforts have been focused on force multipliers. “The channel partners
we have selected,” Hutton stated,” are dominant players in each of their
selected categories. Our alignment with these companies brings to them world
class software, expertise and scalable solutions. In return, VSBLTY gets a
rapid deployment capability and an acceleration capacity that we could never
achieve ourselves,” he explained.
“We
have been fortunate to join forces with many of the largest, most influential
mass integrators of their class,” Hutton said. He offered some highlights of
what VSBLTY teams are working to accomplish to maintain its leadership position
and help its clients drive innovation and ROI.
Key Commercial
Contracts
VSBLTY has signed its first large
deployment using vending machines in South Africa, which is slated to begin
generating revenue by July. This business, referred by Intel (NYSE: INTC),
replaces the Intel AIM software suite that previously provided data derived
from computer vision, which has been discontinued.
VSBLTY
technology has been deployed—and producing revenue—in conjunction with a large,
world-class, integrated, point of purchase (POP) display manufacturer that
works on behalf of many Fortune 50 consumer package goods (CPG) companies. The
first deployment is with a large drug retailer and highlights a unique,
interactive digital experience. VSBLTY’s ability to collaborate with a major
display manufacturer on design and implementation options has accelerated their
bringing innovative solutions to CPG clients directly.
The
company is in the final stages of signing a partnership agreement with the
largest in-store media sales company in the U.S and Canada. This relationship
provides speed to market in which VSBLTY solutions can be sold as a media
network purchase.
VSBLTY
is on the fast track to complete an OEM and global supply and cooperation
agreement with one of the world’s most prominent international retail services
companies.
CIC Technologies
The
company’s current development efforts with CIC Technologies (http://www.getcictech.com), a
full-service technology company specializing in security solutions, represents
a strategic product extension. VSBLTY and CIC Technologies are co-developing a
cost-effective multifactor authentication system for employee validation with
facial recognition.
Latin American
Smart City
VSBLTY
is in the final testing stages to provide crowd analytics and facial
recognition on a massive scale in a key Latin American country.
Smart Buildings
Hutton
says another new, exciting partner manages smart buildings throughout the
world. VSBLTY is joining forces with the firm to create the latest software
application for enhanced security using its proprietary AI and machine learning
technology. The company is also providing a more engaging way to communicate
important information to guests and tenants.
Product Evolution
The
VSBLTY tech team is working on the next generation design of an in-store
grocery bunker cooler on behalf of one of the world’s largest international
food companies. The firm is adding digital display innovation in time for the barbeque
season that features hot dogs and cross promotes complimentary condiments.
Conference Exhibit
Partnerships
VSBLTY is
participating in Cisco Live (NASDAQ: CSCO) the week of June 9 in San Diego
where they will be demonstrating the VSBLTY Vector™ software in a weapons
detection use case. And, during the last week of May, at the Sweets &
Snacks Expo, in Chicago, VSBLTY was part of the Lighting for Impact (https://www.lightingforimpact.com/) exhibit featuring Mars candy. Lighting for
Impact is one of America’s leading providers of LED lighting and power systems
for retailers.
Summarizing,
Hutton said, “All of us at VSBLTY continue to be excited about our vast
potential and energized by the market’s reaction to the
exciting new innovations that our software technology is bringing to both
retail and security.”
Investor Relations
MarketSmart Communications Inc.
+1-877-261-4466
Headquartered in Philadelphia, VSBLTY (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) is the world leader in Proactive Digital
Display™, which transforms retail and public spaces as well as place-based
media networks with SaaS-based audience measurement and security software that
uses artificial intelligence and machine learning.
VSBLTY Groupe Technologies Corp. (CSE: VSBY) is a
featured Tech / AI stock on Investorideas.com
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