EDMONTON, Alberta, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX VENTURE:VIS) ("Visionstate" or the "Company") is pleased to announce it has entered into an exclusive distribution agreement for its proprietary WANDA™ solution with Bunzl, an international distribution group based in the UK. (Wanda is a trademark of Visionstate Inc., registered in the United States and other countries).
The agreement provides exclusive rights to Bunzl to distribute Visionstate’s WANDA product, an Internet of Things (IoT) solution that tracks cleaning, maintenance and supplies in high traffic areas for the building services sector. This agreement will accelerate distribution of WANDA technology into hospitals, retail, airports and office buildings worldwide.
Visionstate entered into the agreement based on Bunzl’s ability to market and distribute WANDA to a global audience. It enables Visionstate to focus on developing new technology for WANDA, while leveraging Bunzl’s extensive sales and distribution network. Bunzl has private labeled the solution for their exclusive use as WandaNEXT. The Canadian launch is scheduled to commence roll out February 12, 2018.
With the recent acquisition of Chatbot Incubator, Visionstate is currently working to integrate artificial intelligence (AI) into the next version of WANDA. More details about WANDA technology and its capabilities can be found at http://visionstate.com/downloads.
“Visionstate is thrilled to expand our distribution footprint with a company like Bunzl,” said Visionstate CEO John Putters. “This relationship leverages the strengths of both companies, maximizing our collective capacity to bring the technology to market on a global scale.”
“IoT solutions and advanced analytics is the next logical evolution of this industry,” Putters explains. “Analytics in particular provides valuable insights into the efficiency of cleaning and maintaining public areas. It is this data and information that will drive efficiencies in the future.”
“This relationship is highly synergistic “, said Margo Hunnisett, Sr. Director Marketing and Communications at Bunzl Canada. “Visionstate is at the forefront of IoT technology. They are an important partner in bringing our customers innovation which drives value through increased efficiency, improved quality and reduced costs”.
About Visionstate Corp.
Visionstate Corp (TSX VENTURE:VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of sustainability, analytics and the Internet of Everything. Visionstate provides investors access to holdings in disruptive technologies that include artificial intelligence (AI), blockchain platforms and cryptocurrency. Through Visionstate Inc. it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state of the art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centers and other public facilities across North America. An extension of that product, CINDI™, has the potential to transform the guest service experience in the hotel industry. With the recent acquisition of Chatbot Incubator, specializing in applications for artificial intelligence, development is underway to make CINDI™ into a personal concierge, offering personalized services in every guest room. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
For more information please visit www.visionstate.com and follow @Visionstate on Twitter and Facebook.
Visionstate is listed on the TSX-V exchange under the ticker symbol "VIS”; additional investor information is available on SEDAR.
Forward Looking Statements
This news release may include certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with Visionstate’s business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect Visionstate’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Visionstate assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
For more information about Visionstate, please contact John Putters at (780) 425-9460 or jputters@visionstate.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.