Visionstate Corp. Signs Memorandum of Understanding with Fluido.ai to Explore AI Business Opportunities
Edmonton, Alberta – News Direct – Visionstate Corp.
Edmonton, AB – TheNewswire – March 9, 2023 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), a leading provider of smart facility management technology, announced today that it has signed a Memorandum of Understanding (LOU) with Fluido.ai, a leading provider of Artificial Intelligence solutions. The MOU outlines the intentions of both companies to explore mutually beneficial business opportunities related to artificial intelligence (AI).
Through this partnership, Visionstate and Fluido.ai plan to collaborate on research and development projects aimed at harnessing the power of AI to enhance the capabilities of Visionstate’s existing product offerings. This may include the development of new AI-powered capabilities such as machine learning for Visionstate’s flagship WANDA™ platform, which leverages Internet of Things (IoT) technology to monitor and analyze toilet usage data in real-time.
“We are very excited to partner with Fluido.ai to delve into the exciting possibilities of AI technology,” said Shannon Moore, President of Visionstate IoT Inc. “We believe in our intelligent facility management solutions continue to innovate and expand AI has the potential to greatly enhance our capabilities and bring even more value to our customers.”
“We’re excited to partner with Visionstate to explore how AI can help improve efficiencies and reduce costs,” said Wessam Gad El-Rab, CEO of Fluido.ai. “We believe this partnership has the potential to bring AI applications to a wide range of industries.”
In addition to enhancing the capabilities of WANDA™, the two companies are collaborating to bring conversational AI to market for physical locations such as retail, hospitality and building services. In this regard, AI is poised to dramatically change the way on-site customer service is delivered.
According to industry estimates, artificial intelligence applications will reach $407 billion by 2027 and is already a $200 billion-a-year sector.
Fluido.ai is an Edmonton, Alberta-based AI company that has developed a “chatbot” using conversational AI technology for the restaurant and retail industries. The chatbot can work via text (where the customer enters their questions and answers using a keyboard) or with a voice interface. The Fluido.ai chatbot also accepts payments. In addition, Fluido.ai has developed a recommendation engine that is currently being used by a US coffee chain. Visit our website at www.fluido.ai
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company investing in the research and development of promising emerging technologies in the areas of Internet of Things, Big Data and Analytics, and Sustainability. Visionstate IoT Inc. is a wholly owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and increase customer satisfaction with its state-of-the-art devices that track and monitor guest activity and inquiries. Its intelligent WANDA™ device footprint now extends to hospitals, airports, shopping malls and other public facilities across North America and beyond. By building a collection of synergistic technologies, Visionstate Corp. continue to innovate, reduce environmental impact and transform the consumer experience.
Issued on behalf of the Board of Directors,
“John A Putters”
To find out more, please contact:
Visionstate IoT Inc.
Shannon Moore, President
CHF capital markets
LinkedIn: Visionstate Corp.
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.
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