#AI News: VSBLTY (CSE: $VSBY.C)
(OTC: $VSBGF) CEO Provides Corporate Update; Company Exceeds One Million USD
Bookings in Q1; @vsbltyco
Philadelphia,
PA - March 18, 2020 (Investorideas.com Newswire) VSBLTY Groupe Technologies
Corp. (CSE:
VSBY)
(Frankfurt:
5VS)
(OTC:
VSBGF)
("VSBLTY") a leading retail software technology company, has booked
revenue exceeding one million USD in Q1 Co-founder & CEO Jay Hutton
announced today as part of his 2020 CEO update.
Read this news
featuring VSBY in full at https://www.investorideas.com/CO/VSBY/news/2020/03181CorporateUpdate-Q1.asp
VSBLTY Channel Partners Driving Adoption
"Our
key channel and development partners are driving adoption with major retailers,
brands and infrastructure," Hutton stated. "This is why we spent the
time and resources to get these partnerships in place in 2019. We finished
strongly last year with the best bookings quarter in the company history. In
the first quarter of 2020 the company will exceed bookings of more than one
million dollars USD.
"In
fact," Hutton said, "Q2 is looking even better than Q1. We have three
major healthcare and consumer related retail deployments scheduled to begin in
the U.S. and Canada. Smart, custom digital displays with interactive technology
are designed to educate consumers with critical, personalized information so
that they can better manage their own health and wellness."
VSBLTY
has joined forces with select channel partners to offer turnkey business solutions
from concept through display design and engineering, manufacturing, deployment
and maintenance. Critical real time measurement provided by VSBLTY's analytics
software DataCaptorÔ
married to sales data ensures cost efficiency and maximum return on brands' and
retailers' capital investments.
Hutton
also pointed to new Q2 retail deployments of the next generation of transparent
touch glass refrigerated cooler doors. "These are now available at half
the price point from two years ago, which we expect will significantly
accelerate sales," he said.
Hutton
added, "The Sensormatic partnership is enormously strategic to VSBLTY. The
knowledge transfer and channel training are underway now with an early
deployment in one of the operating regions in Q1. Sensormatic's overwhelming
positive brand reputation coupled with their worldwide reach will continue to
advance the interests of both companies as we accelerate the partnership."
Municipal Security System Deployed in First Four Mexico City
Counties
Hutton
pointed out that among the company's 2019 major accomplishments was the launch
of a three-year, $10 million partnership with RADAR, which delivers a
comprehensive Smart City solution for Mexico City that has already achieved
significant reductions in crime rates with just a few thousand cameras
deployed. "With this unique security kit deployment perfected, our Mexico
City partner is hosting other Central and South American municipalities that
wish to learn more about this program to improve citizen safety," he added.
Hutton said his company is projecting the second major Latin American
deployment in the second quarter of 2020. Given the unique nature of the
offering, this cost-efficient solution may be installed in three million
security cameras or more in Latin America alone.
Information and Improved Safety in Elevators
Another
exciting technology coming to the U.S. in Q2 is the VSBLTY video wall that will
be installed in office building elevators. The Gateway "Magic Mirror"
by LU-VE Group, unveiled in February at the EuroShop Show in Düsseldorf with
VSBLTY European partner H. Ventures, worldwide exclusive distributor for the
Magic Mirror Solutions, generated wide interest among attendees from around the
globe.
The
video wall transmits photos, videos and advertising as well as building
information and announcements. Touch screen technology also enables elevator
passengers to communicate to the outside via the web. In the event of an
emergency, the elevator cabin immediately will be in audio/visual communication
with an emergency specialist to calm and inform passengers. "We are in the
process of completing U.S. certification to meet the significant demand for
this innovative information/safety technology," Hutton concluded.
In
other news, the company announced the departure of CFO, Laurette Pitts. Ms.
Pitts is leaving the company for personal reasons but will remain on the Board
of Directors. Heather Sims has been appointed the new CFO.
VSBLTY
technology provides enhanced customer engagement and audience measurement using
machine learning and computer vision. Its industry-leading VisionCaptor™ and
DataCaptor™ software combine motion graphics and interactive brand messaging
with cutting-edge computer vision measurement and insights. VSBLTY's AI-driven
software, Vector™, provides advanced facial recognition that is crucial to
enhancing today's security requirements, including recognizing weapons and
suspicious persons in a crowd.
Investor Relations
Headquartered
in Philadelphia, VSBLTY (CSE:
VSBY)
(Frankfurt:5VS) (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.
FORWARD
LOOKING STATEMENT
This
news release contains forward-looking statements, including statements
regarding the Offering and the future price of the Shares on the Canadian
Securities Exchange, and other statements that are not historical facts.
Forward-looking statements are often identified by terms such as
"will", "may", "should", "anticipate",
"expects" and similar expressions. All statements other than
statements of historical fact included in this release are forward-looking
statements that involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
The
reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or circumstances
may cause actual results to differ materially from those predicted, as a result
of numerous known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company, and which are described in the
Company's public filings available under its profile at www.sedar.com. The
reader is cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by management at
the time of preparation, may prove to be incorrect and actual results may
differ materially from those anticipated. Forward-looking statements contained
in this news release are expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made as of the
date of this news release and the Company does not intend to update any of the
included forward-looking statements except as required by Canadian securities
laws.
VSBLTY
Groupe Technologies Corp. (CSE: VSBY) is a featured Tech / AI stock on
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