VSBLTY AND SYNQ PARTNER TO PROVIDE PUBLIC HEALTH SAFETY, SECURITY TECHNOLOGY FOR VICTORIA, BC CANADIAN TIRE STORE

Rhea-AI Summary

VSBLTY Groupe Technologies Corp. (CSE: VSBY) (OTC: VSBGF) has partnered with SYNQ to enhance public safety at Canadian Tire's Hillside Mall location in Victoria, B.C. The collaboration involves deploying VSBLTY’s advanced Vector™ software to automate occupancy management using AI and machine learning. This solution, already implemented in over 2,000 retail locations, aims to ensure safety amid the ongoing COVID-19 pandemic. The technology enables precise occupancy counting, enhancing customer and staff safety while improving operational efficiency.

Positive

• Partnership with SYNQ to enhance security technology.
• Deployment of AI-driven Vector™ software for occupancy management.
• Technology already used in over 2,000 retail locations, ensuring reliability.

Negative

• None.

Philadelphia, PA, Feb. 01, 2021 (GLOBE NEWSWIRE) -- VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt 5VS) (OTC: VSBGF) (“VSBLTY”), a leading provider of security and retail marketing technology, is partnering with SYNQ, a Canadian innovative retail security and customer experiential technology company, to co-develop a public safety, security solution for Canadian Tire’s third largest location located in Hillside Mall, Victoria, B.C.

SYNQ will utilize VSBLTY’s state-of-the-art software Vector™ in the Canadian Tire store deployment. This proprietary technology, driven by artificial intelligence and machine learning, provides real time occupancy data that will enable this store to automate functions that are normally performed manually. 

Commenting on the new contract, VSBLTY Co-founder & CEO Jay Hutton said, “We are especially pleased to partner with SYNQ to provide best in class security and operational technology for this location of one of Canada’s premier retailers.”

Justin Young, Dealer/Owner of the Canadian Tire store located in Hillside Mall, Victoria, B.C. explained, “Our motivation for installing this advanced technology is to assure the safety of our customers, our employees and our communities in these unprecedented times. The SYNQ/VSBLTY technology ensures accurate counting off our existing cameras, notifying our management when occupancy approaches our set limits for safe shopping in our store. This bolsters our existing investment in Q-Safely, that allows customers to Queue in their vehicles rather than stand outside our location to maintain ultimate safety and comfort.” 

In addition, this solution is already used by over 2000 other retailer locations in Canada and the USA and has over 1 million users per day.

SYNQ’s CEO Nolan Wheeler added, “VSBLTY is the perfect partner for us to provide the kind of people counting and security technology so needed by retailers to safely remain open while COVID-19 is still a threat to the public.”

VSBLTY also has a strong presence in retail and other venues, including “Smart City” type deployments. The firm’s industry-leading VisionCaptor™ and DataCaptor™ software combine motion graphics and interactive brand messaging with cutting-edge computer vision analytics while providing enhanced customer engagement with audience measurement including customer traffic and demographics.

 

Investor Relations

CHF Capital Markets

Cathy Hume, CEO, +1-416-868-1079, x251

cathy@chfir.com

 

CONTACT: Linda Rosanio, 609-472-0877 

lrosanio@vsblty.net

 

About VSBLTY (vsblty.net)

Headquartered in Philadelphia, VSBLTY (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (“VSBLTY”) is the world leader in Proactive Digital Display™, which transforms retail and public spaces as well as place-based media networks with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning.

 

About SYNQ (synqtech.com)

SYNQ is dedicated to driving retail excellence through loss prevention and customer experience solutions. The company’s technology bridges the gap between online conversion by leveraging online technologies and tactics within retail brick and mortal locations. Based in Victoria, BC, SYNQ’s products provide retailers with the ability to mitigate the added costs of online orders, curbside pickup, and general operational costs that online retailers are not exposed to. Take that customer experience and store efficiency advantage tied to customer data and it allows traditional retailers to more strongly compete against online competitors.

CONTACT:

Nolan Wheeler, CEO, 1-778-433-SYNQ                                                                                  

orders@synqtech.com

FAQ

What is the partnership between VSBLTY and SYNQ about?

VSBLTY is partnering with SYNQ to co-develop a public safety and security solution for Canadian Tire's location in Hillside Mall, Victoria, B.C.

How does VSBLTY's Vector™ software operate?

Vector™ software uses AI and machine learning to provide real-time occupancy data, automating functions typically performed manually.

When was the partnership announced?

The partnership was announced on February 1, 2021.

How many retail locations currently use this technology?

The technology is used in over 2,000 retail locations across Canada and the USA.

What is the stock symbol for VSBLTY?

The stock symbol for VSBLTY is VSBGF on OTC markets.