Visionstate enters pilot program with U.S. company

Executive Summary

• Visionstate Corp. has entered into a pilot project agreement with a leading U.S.-based facility management company, marking a significant expansion into the United States market.
• The pilot involves three hospital locations with the potential to expand to 15 facilities, contingent on successful completion and leading to a broader rollout agreement.
• The company simultaneously expanded its customer portfolio across North America, securing new clients in the trucking, construction, and long-term care sectors, alongside additional hospital deployments.

Key Details

• U.S. Pilot Project:
  • Signed agreement with a leading U.S.-based facility management company focused on innovation and sustainability.
  • Initial phase covers three hospital locations.
  • Potential expansion to 15 facilities under pilot terms.
  • Success criteria lead to a broader rollout agreement across the client's additional portfolio sites.
• New Customer Onboarding (Mira Inspection Platform):
  • Onboarded a new customer for the Mira inspection platform.
  • Initial deployment at 10 locations with a potential portfolio of an additional 70 locations.
  • First deployment of inspection technology in the trucking industry (two large trucking companies).
  • First deployment of inspection technology in the construction industry (one large construction company).
• Healthcare Expansion:
  • Added another Ontario-based hospital as a continuing case study for cleaning and compliance impact.
  • October marked a turning point in penetration into long-term-care facilities, with increasing adoption of software for cleaning compliance and accountability.
• Business Model:
  • Revenue model is Software as a Service (SaaS), providing recurring, scalable revenue based on software licensing.
  • Primary objective is customer acquisition and market expansion to achieve critical mass.

Notable Quotes

• "This partnership is a major milestone for Visionstate as it brings our technology into collaboration with a U.S.-based facility management company that shares our commitment to process innovation and sustainability," said Shannon Moore, president of Visionstate IoT Inc.
• "Hospitals present some of the most complex cleaning and compliance environments, and we are proud that our technology is being deployed to help drive measurable outcomes in efficiency, accountability and environmental responsibility."
• "These developments reflect the growing recognition of Visionstate's software solutions as essential tools for ensuring cleanliness, compliance and sustainability across diverse industries," added Ms. Moore.