The #AIEye: Breaking #AI Podcast - CEO of VSBLTY Groupe
Technologies Corp. (CSE: $VSBY.C) (OTC: $VSBGF) Shares Importance of Energetika
Deal
Point Roberts WA, Delta BC, September 5, 2019
Investorideas.com,
a global investor news source covering Artificial Intelligence issues a special
edition of The
AI Eye, reporting on breaking news for VSBLTY
Groupe Technologies Corp. (CSE:VSBY) (OTC: VSBGF) (5VS.F), a leading retail software
and technology company using artificial intelligence.
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VSBLTY
Groupe Technologies Corp. (CSE:VSBY) (OTC:VSBGF) (5VS.F) is uniquely positioned
to facilitate the growth of smart city technology in the Latin American market,
according to company co-founder and CEO Jay Hutton.
This will be made possible through the
company’s just announced three-year agreement with intelligent lighting
solutions provider Energetika. VSBLTY is to provide real time crowd analytics
and audience measurement for Latin American communities. Hutton explained how
VSBLTY’s technology is ideal for the growth of smart cities in the region.
“If you think of smart cities as a
three-legged stool: the one leg is information, the second is analytics and the
third is facial recognition for the purposes of law enforcement,” said Hutton.
“With VSBLTY [having] software solutions to satisfy each of those legs of the
stool, we’re in a great position to take advantage of this coming revolution.”
This is achieved through VSBLTY’s
proprietary software platform, DataCaptor™, which provides instant information,
capturing consumer traffic using advanced optics and sensors to provide
objective, real-time, qualitative measurements and analysis of retail venues
and other public spaces. And the company’s Vector™ software provides security
by detecting persons and objects of interest through facial recognition and
weapons detection technology.
Specifically, the agreement will see
Energetika’s Efficient Lighting and Smart Energy solutions for residential,
commercial and governmental applications incorporate VSBLTY’s security
technology that includes crowd analytics and facial recognition. In the press
release, Hutton expanded on the application of VSBLTY’s technology and the potential
growth afforded by the agreement.
“We
will be providing advanced analytics as well as public safety applications
including tracking of persons of interest, weapon detection, vehicle and crowd
analytics using the power of machine learning and computer vision. This
contract is expected to generate more than $10 million USD in SaaS revenue to
VSBLTY in the initial three years.”
Hutton said the agreement will not only
expose the market to VSBLTY’s technology, but will also make solutions more
affordable, allowing the company to scale.
“The most important thing, and the thing
we’re most proud of with our […] arrangement with Energetika, is that we’ve
really broken the back of high-end surveillance systems from an economic point
of view,” Hutton said. “By that I mean that a lot of these solutions, though
very capable, were unreachable for municipal governments, residents and neighborhoods.
And because of the combination of facilities and infrastructure with lighting,
we’ve really made this considerably more attractive and affordable. And because
of that we’re able to scale this utility in a very aggressive way, and that’s
going to give us a unique growth opportunity.”
Expanding on this, Hutton explained how
previously, many cities throughout the world have been prohibited from adopting
smart city technology by the sheer cost.
“If you look at the category of smart city
and surveillance, it has been historically dominated by the largest cities in
the world that leverage very high-end camera infrastructure and technology,”
Hutton said.
“The largest cities in Latin America, as an
example, could not afford the kind of technology that would be deployed in the
largest cities in the world,” Hutton said. “We’ve reached the point, and I
think VSBLTY is absolutely a leader in this category, where we’ve driven the
price down to the point where not only is it accessible to cities that don’t
have that kind of pocketbook, but has the kind of capacity and capabilities
that is really broadening the utility and use cases.”
“It’s an important milestone in the growth
of the company.”
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