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The IoT Company with “No Direct Competition in the Marketplace”

Dave Jackson Dave Jackson, Stockhouse
1 Comment| January 19, 2022

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Investors with a keen eye to emerging tech stocks are always looking for not only value and opportunity, but a visionary company on the cutting edge of new technology. Enter Visionstate Corp. (TSX-V: VIS, OTC: VSSSF, Forum) – a leading-edge company that invests in the research & development of disruptive new technology in the realm of the Internet of Everything (IoT), artificial intelligence (AI), big data and analytics…all revolving around the ideas of sustainability and improvement of operational efficiencies.

Its wholly owned subsidiary, Edmonton AB-based Visionstate IoT Inc., has developed a unique solution called WANDA™ – a device designed to replace antiquated paper-based systems for tracking cleaning compliance, resource utilization, maintenance & optimal workforce management.

What is IoT and What’s it all About?

IoT is the acronym for the ‘Internet of Things’, and relates directly to the interwoven net of information sharing that goes on between data collection and analytical devices. By 2020, some 30 billion devices will be connected, according to IHS Research.

What’s Visionstate’s IoT “Vision”?

Visionstate IoT is Visionstate Corp.’s wholly-owned subsidiary which specializes in data collection and analytics through sensor data. Its IoT devices and systems introduce new efficiencies in building operations and maintenance.

Visionstate IoT's core product is the aforementioned WANDA™ – an IoT touch-screen solution that –
  • collects information on cleaning activities
  • monitors supply inventories
  • manages workforce and efficiencies
  • collects foot-traffic data using people sensors
  • and provides detailed analytics, reporting and dashboards.

Visionstate boasts extensive experience in IoT applications that they say, “can bring together the right partners to ensure maximum return on investment for companies that are looking for smart technology solutions.”

(Click image to enlarge)

In the News

On January 12th, Visionstate announced Bunzl Canada's Release on wandaNEXT™ hygiene efficacy against COVID-19. Bunzl Canada (OTC: BZLFY, FTSE: BNZL) is a cleaning program management software with multiple IoT sensor-enabled data collection components such as traffic counting units and soap and paper dispensers.

The company also reported in early March 2021, its first profitable quarter.

Highlights of Q1 2021 included:
  • Total Revenue of $120,506 compared to $101,714 during the same period in 2019.
  • Gross Profit of $120,708 compared to $97,047 during the same period in 2019.
  • Net Income (Loss) of $40,893 compared to ($62,593) during the same period in 2019.

John Putters, Founder and CEO of Visionstate, commented:

Click to enlarge“This is certainly an exciting time in the Company’s history. Revenues are driven primarily by the sale of our IoT product and derived from recurring licensing and software support fees, thus as the number of units increase, so does the revenue. With the Bunzl partnership in place, we were able to successfully focus the Company’s attention on the continued enhancement of the product software while leaving the sales and inventory management to the expertise of our partner. This will allow VIS to continue expanding the capabilities of the Wanda solution while collecting residual license and initial set up fees from Bunzl. We look forward to the rapid growth thanks to the nature of our software-as-a-service revenue model and continuing to innovate and expand into other industry verticals that are also focused on sustainability through date management.”

About Visionstate Corp.

Visionstate Corp. is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate IoT 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 centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.



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FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.


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