EDMONTON, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate” or
the “Company”) today announced that it launched a new user and mobile friendly website and changed its operational outlook.
Visionstate’s new website was designed to reflect the new look and direction of the Company whose primary focus
is Internet of Things as well as big data and analytics working together towards creating a more sustainable future.
The shift in branding reflects Visionstate’s new plan to leverage the IoT software behind WANDA to generate
revenue on development and licence fees. With large manufacturers now relying on smart devices and sensors, particularly big data
and analytics, to operate and compete in the modern market, Visionstate expects to open an entirely new revenue stream by providing
embedded IoT software necessary to make millions of devices “smart.” According to the Boston Consulting Group, the IoT
application market is expected to increase to US $267 billion by 2020.
By leveraging its legacy WANDA software, Visionstate is able to offer IoT solutions to device manufacturers and
generate new revenue streams associated with development, services and license fees.
John Putters, CEO comments: “We are committed to investing in technology that has a positive global impact.
Whether it’s by leveraging the power of analytics, using resources more efficiently or creating technology to enable businesses to
support sustainability and greater well-being, our approach is to make business and lives better.”
Visionstate Corp.’s wholly-owned subsidiary Visionstate Inc. will now be branded as Visionstate IoT. Visionstate
IoT specializes in analytics through sensor data. Its core product is WANDA™ – a touch-screen solution that collects
information on cleaning activities, monitors supply inventories, optimizes workforces, enhances employee accountability and
provides detailed analytics. WANDA units are now installed in public restrooms in Canada, the USA, the UK and Australia, with the
number of installations growing at a steady pace.
You can find more information on the Company’s developments and near-term plans and download Visionstate’s corporate
presentation and factsheet on the newly launched website as well as follow the Company on its social media channels (links
below).
About Visionstate Corp.
Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of
promising new technology in the realm of the Internet of Everything, big data and analytics, and sustainability. Through
Visionstate IoT, 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 North America. Through building up a collection of
synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer
experiences.
Issued on behalf of the Board of Directors
“John A. Putters”
Visionstate Corp.