VSBLTY ANNOUNCES TWO LETTERS OF INTENT FOR SMART COMMUNITY SECURITY IN LATAM
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt 5VS) (“VSBLTY”), a leading AI software provider of security and retail analytics technology, announced that they have signed two letters of intent with two separate international master security developers, to help design and build state-of-the-art infrastructure projects in the Caribbean and Central America.
The first project is a smart and connected community project in partnership with a master developer. It includes the management, curation and integration of the architecture, design, technology, infrastructure, and monetization for smart city / smart country and satellite initiatives. This partner focuses on emerging economies and critical sectors including infrastructure, telecommunications, public safety, including border control, smart community, and satellite sensor systems. They will serve as the master developer of the project. This project calls for the deployment of more than 20,000 camera sensors along with a robust compute platform to allow for scaled AI inference for public safety and security use cases. VSBLTY will provide infrastructure provision as well as professional services.
The second letter of intent is for a smart region initiative in Central America. VSBLTY will work with the master technology integrator to consult, design, deploy and manage all systems related to public safety, security, and interactive media solutions. This project is a strategic government initiative to enhance public safety and to improve tourism revenue in a region of the nation that is poised for significant tourism growth. This contract will call for comprehensive digital infrastructure including street level visual display and camera sensors. It will create a platform for new revenue as well as public safety apparatus expected to be more than 15,000 locations.
VSBLTY, a next generation interactive digital transformation platform that utilizes edge and/or cloud enabled cameras and digital display solutions, will provide data analytics and actionable insights from connecting residents and visitors using proximity-aware, cameras and interactive messaging. VSBLTY’s comprehensive end-to-end AI powered solutions for intelligent, privacy complaint surveillance systems can be deployed at a community level up to and including smart nation.
Jay Hutton, CEO commented on the agreements as a turning point for VSBLTY. “There has been a major shift in the way VSBLTY pursues and secures business in the Smart City domain. Early engagement with developers, governments, and master integrators ensures early stage design consideration and allowance for critical elements of smart city infrastructure like public safety and digital display. Camera and digital signage infrastructure is becoming as critical as sidewalks, lighting, and street layout. Strategic engagement at the outset is yielding greater dividends.”
About VSBLTY (http://vsblty.net/)
Headquartered in Philadelphia, VSBLTY (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (“VSBLTY”) is the world leader in Artificial Intelligence and real time interpretation of what a CCTV and other cameras see. Using its proprietary AI software, VSBLTY has developed a range of security products that include not only facial recognition but weapon recognition utilizing modern surveillance cameras and legacy CCTV cameras. VSBLTY has the capability to create a proactive security system rather than a reactive security system, providing early warning of threats that can save lives. By utilizing facial recognition, age and gender, VSBLTY’s proprietary technology can also effectively enhance retail brand engagement and measurement through customized ads on digital displays at point of purchase in real time. This technology has been proven to increase brand sales by over 25%. The firm is also recognized for its leadership role in the growing “Store as a Medium” movement that enables brands to reach customers with paid media ads when and where buying decisions are being made while producing a new revenue stream for retailers. Most recently, VSBLTY has been building object recognition software to identify products by SKU, at the point of checkout, to integrate this capability into their retail media network offering to large CPG brands in Latin America.
Investor Relations
Harbor Access
Jonathan Paterson, 475-477-9401
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CONTACT: Linda Rosanio, 609-472-0877
lrosanio@vsblty.net
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