By Financial Press
A new report from the IDC Corporation, predicts that the global
market for smart connected devices will increase from $1 billion in
2014, to $2.5 billion in 2015.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=32046
Visionstate (TSX-V:VIS), a leader in interactive technology
software, has developed touchscreen directories, mobile
applications and cleaning management software - providing
innovative solutions for corporations, retailers and government
institutions.
"We are in the business of replacing paper directories with a
digital interactive interface," confirms Visionstate President and
CEO, John Putters, "Our flagship product WANDA (Washroom Attendant
Notification Digital Aid) is a smart device for public
restrooms."
On April 8, 2015 Visionstate announced a new smaller version of
its smart restroom technology WANDA. The compact 10 inch MiniWanda
will be cheaper than the full sized units, allowing large scale
deployments, targeted to business and industry.
"The smaller size of screen lends to larger scale deployments
due a lower price tag, sleek design, and no need for advertising,"
stated Putters.
The Mini-Wanda will sell for around the price of an
I-Pad. It is expected to expand Visionstate's market
exponentially.
"At the lower price point we can sell to large chains with
hundreds of washrooms," stated Putters, "A typical shopping mall
only has 6-15 washrooms. But office towers and airports can have
200-300 washrooms. So with that volume of sales, a smaller
less expensive unit is the better business proposition."
Visionstate has also recently added another technological
innovation to the Wanda product line: the ability to generate a
user-friendly report that shows how to maximize the use of cleaning
supplies and improve the allocation of human resource capital.
"The new analytics show in black and white what we've been
saying about increased efficiency," stated Putters, "It's a
game-changer for our company because the dashboard style report
makes it easy for our clients to see the benefits of the
system."
Putters states that analysis of the alerts provides deep insight
into how your customers interact with the washroom.
"If you have alerts coming in right after a scheduled cleaning,
you know there is a problem with the cleaning," explained Putters,
"But is it a staffing issue or a protocols issue? The dashboard
report will answer that question. The end result is that the
quality of the cleaning goes up."
The Wanda also offers advantages to building operators concerned
about liability issues.
"If a washroom user slips and breaks their wrist in the washroom
you don't have to retrieve a warehouse full of paper to defend
yourself," stated Putters, "You're just a few keystrokes away from
being able to prove a consistency of service."
In the age of social media, washrooms are an important component
of customer relations. If you are in a large shopping mall, you are
probably not going to tweet about the cleanliness of the washroom.
But if the washroom is in a state of disarray – you will tweet
about that.
The Wanda technology provides an insurance policy against bad
press, and helps institute franchise standards to a critical facet
of customer relations that is often treated haphazardly.
"One of our clients changed their entire cleaning schedule based
the alert patterns," confirmed Putters, "They were treating all
washrooms equally - but they saw clearly that the food court
washrooms were getting four times more traffic. So they
re-deployed their resources and got cleaner washrooms and happier
customers."
Visionstate has also recently introduced a kiddie stroller
dashboard which has attracted attention from the mainstream
media. The new app, loaded on 7 inch tablets mounted inside
the strollers, enables children to watch high quality programming
while parents go about their shopping experience. The first fleet
of retrofitted strollers were introduced at Southgate Centre in
Edmonton, Alberta on March 17, 2015.
"The kiddie stroller screen is a low cost item that's going to
sell for about $600," explains Putters, "and there will be a
residual license for the content and the app that's running on the
screen. There is an introductory commercial welcoming the family to
the mall. Screaming kids are not conducive to shopping. This
device keeps parents in the mall longer."
For Visionstate, the kiddie stroller app represents a continued
expansion of its product base to serve the shopping center
industry.
"Our goal is to make the shopping experience efficient and
engaging," stated Putters, "And now we've added something engaging
for the kids."
WANDA currently provides two revenue streams for Visionstate. A
one-time fee for the hardware and a monthly fee for the software
license that manages the data. Visionstate is investigating adding
a third revenue stream derived by digital advertising.
Visionstate is currently trading at .14 with a market cap of
$3.2 million.
Legal Disclaimer/Disclosure: This document is not and should not
be construed as an offer to sell or the solicitation of an offer to
purchase or subscribe for any investment. Financial Press makes no
guarantee, representation or warranty and a fee has been paid for
the production and distribution of this Report.
CONTACT: Visionstate Inc.
John Putters
President/CEO
Cell: 587-985-2601
Office: 780-425-9460
Email: jputters@visionstate.com
Visionstate Inc.
Derek Wood
Investor Relations
(403) 200-3569
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