#AI News: VSBLTY (CSE: $VSBY.C) (OTC: $VSBGF)
CEO Provides Corporate Update; @vsbltyco
MOMENTUM BUILDING IN #SECURITY & #RETAIL SECTORS AS WORLD ECONOMIES
REOPEN DURING #PANDEMIC
Philadelphia, PA - October 13, 2020 (Investorideas.com Newswire) VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) ("VSBLTY"), a leading retail and security software technology company, reports momentum building in both the security and retail sectors as the firm responds to COVID-19 and the re-opening of the world's economies Co-founder & CEO Jay Hutton announced today in his Q4 2020 CEO update.
Read this news
featuring VSBY in full at https://www.investorideas.com/CO/VSBY/news/2020/10131Corporate-Update.asp
VSBLTY Technology Helps Businesses Reopen
"In
this COVID-19 pandemic era, businesses are working to re-open safely by
creating new security protocols, including adjunct temperature screening
measures to routinely provide additional safeguards for employees, retail customers,
and venue patrons entering all types of facilities," Hutton said.
"We've partnered our proven groundbreaking software technology with
world-class companies to meet today's needs for temperature sensing and
alerting using our facial and object recognition for access control, mask
detection, and occupancy, and density management for social distance
monitoring," he explained.
VSBLTY
is co-partnering with major kiosk manufacturers to provide contactless,
self-service technology to accurately and efficiently measure people for
"at-risk" temperatures at the point of admittance, thereby reducing
virus transmission potential between the operator and the person being scanned.
VSBLTY technology adds facial recognition to
thermal imaging, and the firm is working with KIOSK Information Systems, a
world leader in the design and manufacture of self-service automation, and
Synect, a content creation agency that enables video displays of unlimited size
and scale in retail stores, airports and other complex facilities throughout
the country.
VSBLTY Advances Multiple "Smart Cities"
Applications
"Our advanced technologies are being adopted
in multiple 'Smart Cities' Solutions around the globe," Hutton reported.
The following "Smart Cities' initiatives have commenced or are scheduled
to begin this quarter:
·
VSBLTY computer vision is benchmark testing people
and traffic counting in New York's Times Square. The company is testing
algorithms to determine the best utility in "Smart Cities"
applications in concert with its Fortune 50 global technology partner.
·
VSBLTY, in partnership with RadarApp, a Smart
Cities Solutions provider, is beginning a production deployment in late October
that leverages WIFI6 wireless infrastructure to provide high performance and
low-cost surveillance connectivity. The firms are installing thousands of
security kits, powered by VSBLTY software, in the multi-million dollar
investment Mexico City communities are making in its safety lighting and
integrated security program.
·
VSBLTY has been selected to lead a thematic area
for a global innovation, science and technology hub. More than 100 companies
will be joining with several other firms selected to run industry-specific
thematic areas. VSBLTY was selected to lead the Smart Retail area.
Hutton added, "As part of our Smart Cities
solution in Mexico we are developing an advanced camera integration that
incorporates artificial intelligence processing directly on the camera. This
will improve efficiencies and save significant dollars for network operators."
Innovative Display Program is Producing ROI for
Global Brands
Sponsored
by a global brand, VSBLTY is in a Phase 1 deployment in a national drug
retailer with an innovative display program to promote seasonal drug products
through an internet-connected, interactive end cap solution. This sophisticated
integration incorporates third party information with detailed customer and
store analytics while tracking weekly sales data. Learnings from this test will
help drive improved performance and increase ROI.
VSBLTY Helps Create New Media Networks for Retailers
VSBLTY's
advanced technologies are not only providing retailers with immediate and
comprehensive customer information but are producing a new revenue stream by
selling the stores to brands as a more engaging advertising medium. "There
is no better place to enable brands to sell their products than where those
products are on display and customers are ready to buy," Hutton said.
"Unlike any other media, retail digital signage can interact with and engage
customers, even answering questions right at point of sale. A network of
signage in chain stores is a very attractive advertising medium for product
manufacturers," he said.
To
advance "The Stores as Media," VSBLTY has an innovative pilot program
with a U.S. East Coast grocery chain, a large deployment in a national fuel and
convenience retailer in South Africa and the launch of a digital network in a
convenience store chain with more than 9000 stores in Mexico. The first phase
deployment began in September.
In
addition, the company has signed a marketing service agreement with Octagon
Media Corp. and granted 350,000 three-year options to the firm. The options are
exercisable at .17 share CAD.
Investor Relations
MarketSmart
Communications Inc., +1-877-261-4466info@marketsmart.ca
info@marketsmart.ca
CHF Capital MarketsCathy Hume, CEO, +1-416-868-1079, x231
cathy@chfir.com
CONTACT:
Linda
Rosanio, 609-472-0877
lrosanio@vsblty.net
About VSBLTY (www.vsblty.net)
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.
FORWARD-LOOKING
STATEMENT
Certain
statements in this news release constitute forward-looking information within
the meaning of applicable securities laws. Generally, forward-looking
information can be identified by the use of forward-looking terminology such as
"expects," "believes," "anticipates,"
"budget," scheduled," "estimates,"
"forecasts," "intends," "plans," and variations
of such words and phrases, or by statements that certain actions, events or
results "may," "will," "could,"
"would," or "might," "be taken,"
"occur," or "be achieved." Those forward- looking
statements include a number of statements related to the outlook for future
operations, including statements about VSBLTY's business plans, booking new
projects, revenue growth, and new opportunities presented by COVID-19 security
solutions.
Forward-looking
statements are neither historical facts nor assurances of future performance.
Forward-looking information contained in this news release is based on certain
assumptions regarding, among other things, expected growth, results of
operations, performance, industry trends and growth opportunities. While
management considers these assumptions to be reasonable, based on information
available, they may prove to be incorrect. By their nature, forward-looking
statements involve a number of risks, uncertainties and assumptions that could
cause actual results or events to differ materially from those expressed or implied
by the forward-looking statements. These risks, uncertainties and other factors
include, but are not limited to: pricing for the Company's products and
services; the ability to enter into contracts and ability of third parties to
honor their contractual obligations; the decisions of third parties over which
the Company has no control; changes to government regulations; force majeure
events; limits on the ability of the Company to implement and fulfill its
business strategies; general economic conditions; adverse industry events;
operating costs exceeding the Company's expectations; loss of markets or
failure to enter new markets; future legislative and regulatory developments;
inability to access sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favorable terms; the ability of the
Company to implement its business strategies including expansion plans; and
competition. The foregoing factors are not intended to be exhaustive, and
readers should refer to the detailed risk factors described in VSBLTY's Annual
Information Form which is available under the Company's profile at
www.sedar.com. These risks, uncertainties and assumptions could adversely
affect the outcome and financial effects of the plans and events described
herein. Forward-looking statements contained in this news release regarding
past trends or activities should not be taken as a representation that such
trends or activities will continue in the future. The Company does not
undertake any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as
required by law.
This news release includes financial outlook related to
future revenue and financial performance, which is subject to the same
assumptions, risk factors, limitations, and qualifications as set forth in the
above paragraphs. Such financial projections contained in this news release
were made by management as of the date of this news release and are provided
for the purpose of providing readers with an understanding of the Company's
business plan. Readers are cautioned that the financial outlook contained in
this document 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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