#AI News: VSBLTY (CSE: $VSBY.C)
(OTC: $VSBGF) and Teralight Sign Strategic Alliance to Provide Advanced Smart
City Solutions and Analytics; #Artificialintelligence @vsbltyco
Philadelphia,
PA - July 21, 2020 (Investorideas.com Newswire) VSBLTY Groupe Technologies
Corp. (CSE:
VSBY)
(Frankfurt:
5VS)
(OTC:
VSBGF)
("VSBLTY"), a leading provider of security and retail marketing
technology, and Teralight, a global provider of over-the-top (OTT) services to
mobile network operators, internet service providers and governments, today
jointly announced the signing of a strategic alliance agreement to provide
smart city applications enhanced with advanced analytics. Teralight has a
strong global customer base in Eastern Europe and the Middle East as well as in
Africa and Southeast Asia.
Read this news
featuring VSBY in full at https://www.investorideas.com/CO/VSBY/news/2020/07211Teralight-Smart-City.asp
The
announcement was made by VSBLTY Co-founder & CEO Jay Hutton and Melanie
Salvador, Teralight CEO. Hutton said, "Teralight is a special kind of
service provider with active relationships in the carrier community. Our
products allow carriers to cost-effectively deploy new services from shared infrastructure
in a highly competitive and scalable way. VSBLTY is delighted to partner with
Teralight and looks forward to a mutually profitable relationship."
"The
market for IoT/IoE and smart city applications coupled with associated
analytics is growing exponentially worldwide. With the advent of 5G/6G and
Wi-Fi 6, the demand for artificial narrow intelligence, specifically video
surveillance with smart analytics, is leading the way. VSBLTY offers a unique,
affordable and peerless service offering which we intend to develop into a
suite of hosted service offerings, bundled or à la carte, to our
customers," Melanie Salvador, CEO of Teralight, said. "We are pleased
to partner with a company entrenched in the Americas. It allows us to work with
our customers with confidence to deliver fantastic products together with
custom deployment experience."
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 when recognizing weapons or suspicious
persons in a crowd.
The
Company also announces that it has issued 1,000,000 performance shares at a
deemed price of $0.30 per share to certain officers and senior directors of the
Company upon achieving the milestone release of its OpenVINO™ software to
general availability.
Investor Relations
CONTACT:
Headquartered
in Philadelphia, VSBLTY (CSE:
VSBY)
(Frankfurt:5VS) (OTC: VSBGF) ("VSBLTY") 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.
Teralight
is a telecommunications solutions provider based in Vancouver, B.C., Canada.
The company provides the most advanced software, implementing platforms in the
following verticals: anti-fraud and revenue assurance, eSports, identity and
access management, mobile payments, smart city applications and automated
machine learning.
CONTACT:
FORWARD-LOOKING
INFORMATION
This
news release contains forward-looking statements, including statements
regarding anticipated revenue to VSBLTY from its agreement with Synect, and other
statements that are not historical facts. 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 Annual Information Form and other 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.
FINANCIAL
OUTLOOK INFORMATION
This
news release contains "financial outlook information" regarding
future revenue expectations, which is subject to the same assumptions, risk
factors, limitations, and qualifications as set forth in the above. Revenue and
other estimates contained in this news release were made by VSBLTY management
as of the date of this news release and are provided for the purpose of
informing readers of the anticipated size of VSBLTY's agreement with Synect,
and are not an estimate of profitability or any other measure of financial
performance. Investors are cautioned that the financial outlook information
contained in this news release should not be used for purposes other than for
which it is disclosed herein.
VSBLTY
Groupe Technologies Corp. (CSE: VSBY) is a featured Tech / AI stock on
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