Visionstate’s WANDA IoT Solution Sees Significant Year to Date Distribution Growth
Updated: Apr 3, 2020
Edmonton, Alberta, May 6, 2019 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) today provided a year to date (YTD) update on its WANDA solution distribution growth.
Since April 2018, the Company has added 18 new locations, 12 of which were in Canada, 2 in the US, and 4 in the UK, across multiple industries, including retail, healthcare, gaming and grocery. In Canada, Visionstate introduced WANDA to 6 new hospitals, 2 malls, an office building, a conference centre, 2 grocery stores and 2 casinos. Three of the four new locations in the UK using Visionstate’s unique Internet of Things solution have been added in the past three months, including the UK head office of the World Wildlife Fund.
The number of locations has nearly doubled compared to 2017.
Overall, YTD the Company added approximately 80 devices, of both 10- and 15-inch WANDA sizes, as well as people-counting sensors. There are now approximately 160 devices in the market globally.
“The past year and the first months of 2019 have been very rewarding in terms of WANDA sales growth. After a year of investing in national training, sales support and specific product development for our major global distribution partner, we are seeing positive results of our extensive support. Not only have we managed to sell into new global locations, but we have also entered new industries, and continue to expand at a steady pace.
We do believe WANDA could, and should, be installed in every public area. Internet of Things implementation in the facility management space is growing exponentially, as indicated in multiple research studies. So we believe WANDA will eventually be incorporated into most newly engineered builds,” commented John Putters, Founder & CEO.
Further sales growth is expected now that Visionstate’s largest distribution partner has been fully trained and has an aggressive marketing and sales campaign in place. Visionstate is also in the process of expanding its partnership with several additional distributors which will encompass sales, marketing and PR strategies to further promote WANDA in the US market.
In addition to that, the Company will be expanding and enhancing its solutions in the coming months to further strengthen and diversify its sales.
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 Things, big data and analytics, and sustainability. 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 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.
Issued on behalf of the Board of Directors “John A. Putters” Visionstate Corp.