VSBLTY & RADARAPP WIFI-6-BASED SURVEILLANCE NETWORK HELPS MEXICO CITY COMMUNITY CITIZENS FEEL SAFER
VSBLTY Group Technologies reported significant success with its WiFi6-based surveillance network in Benito Juarez, enhancing community safety perceptions. A recent INEGI survey showed that the area's citizens now feel the safest in Mexico City and second in the nation, with safety perceptions rising from 51% in March 2020 to 78.2% in September 2021. Financially, the company has gained over $2 million in warrant exercise proceeds and reduced its convertible debt from $2 million to under $500,000, boosting its equity position.
- Increased safety perception in Benito Juarez from 51% in March 2020 to 78.2% in September 2021.
- Received over $2 million in warrant exercise proceeds since September 1, 2021.
- Reduced convertible debt from over $2 million to under $500,000.
- None.
BENITO JUAREZ NUMBER 1 IN MEXICO CITY & 2ND IN ALL OF MEXICO
Philadelphia, PA, Oct. 27, 2021 (GLOBE NEWSWIRE) -- VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) (CSE:VSBY) (Frankfurt 5VS) (“VSBLTY”), a leading software provider of security and retail analytics technology, today reported that the world’s first WiFi6-based surveillance network using intelligent cameras deployed in Benito Juarez starting in February 2020 has helped that community’s citizens feel they live in the safest borough in Mexico City and the second safest in all of Mexico, according to a survey recently released by the National Institute of Statistics and Geography (INEGI). Intelligent cameras, utilizing advanced VSBLTY and RADARApp technology are installed in public places in Benito Juarez and provide detailed automated analytics to local law enforcement and safety alerts to residents on their mobile phones.
The security program, called BlindarBJ (ShieldBJ), is a comprehensive strategy to combat crime from its roots and was announced in January 2020 by Santiago Taboada Cortina, Mayor of Benito Juarez. It is an effective strategy that combines the use of technology, community involvement and law enforcement connected directly to RADARApp. It enables people to use the RADAR ecosystem daily. Because it has proven to produce fast and effective results in Benito Juarez and Cuajimalpa, this strategy now will be used in all the surrounding counties.
The INEGI quarterly survey of all of Mexico released earlier this month reported the respondents’ perception of not being safe in their communities decreased this year from
Importantly, the perception of personal safety by the citizens of Benito Juarez, the INEGI survey reported, is the highest in Mexico City and second nationally. Between March 2020 and September 2021, there was a 27 percent increase in the feelings of security among the community’s citizens. In March 2020 only
Benito Juarez Mayor Santiago Taboada Cortina said, “INEGI numbers are not the goal, they are the incentive to continue with the strategy of Blindar BJ. We are now, according to the INEGI publication, the #1 County in Mexico City, and #2 in the Country. This has been a result of a strategy of collaborative and community security between citizens, police and BJ County.” Previously, the Mayor said, “Migrating to a fully digital infrastructure in Benito Juarez has provided immense possibilities. Thanks to world-renowned companies like VSBLTY, the RADARApp network is providing even more valuable and usable data than we imagined, which is helping mitigate crime. We have evolved from a reactionary policy to crime to a new, more proactive and real time preventative security strategy. The population of Benito Juarez in Mexico City that I represent is now safer and more secure.”
Commenting on the INEGI survey, VSBLTY Co-founder & CEO Jay Hutton said, ‘We are extremely pleased to see validation of how our technology has helped citizens feel safer in their communities. A new standard has been set for collaborative security where citizens, law enforcement and technology work together to accomplish a higher level of security.”
CEO Rodrigo Calderon of RADARApp, a preeminent Smart City Solutions provider, said that the Benito Juarez WiFi6-based surveillance network using intelligent cameras is demonstrating how security can be improved throughout the world. “Smart cameras in communities that provide concurrent alerting functionality for personal mobile phones and law enforcement has proved to be highly effective in reducing crime and enabling citizens to increasingly feel more secure,” he added.
Financial Update
As a result of the Company’s rising stock price, VSBLTY has received over
VSBLTY technology provides enhanced customer engagement and audience measurement using machine learning and computer vision. Its industry-leading VisionCaptor™ and DataCaptor™ software combine motion graphics and interactive brand messaging with cutting-edge computer vision measurement and insights. VSBLTY’s AI-driven software, Vector™, provides advanced facial recognition that is crucial to enhancing today’s security requirements when recognizing weapons or suspicious persons in a crowd.
Investor Relations
CHF Capital Markets
Cathy Hume, CEO, +1-416-868-1079, x251
cathy@chfir.com
Harbor Access LLC
Jonathan Paterson, 203-862-0492
Jonathan.Paterson@HarborAccessLLC.com
Graham Farell, +1-416-842 9003
Graham.Farell@HarborAccessLLC.com
CONTACT: Linda Rosanio, 609-472-0877
lrosanio@vsblty.net
About VSBLTY (vsblty.net)
Headquartered in Philadelphia, VSBLTY (OTCQB: VSBGF) (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 RADAR (http://radarappsecurity.com/)
RADAR is the first collaborative security platform that connects citizens, police and public institutions in a virtual community powered by artificial intelligence connected through WiFi6.
CONTACT:
Alejandro Chico, CCO
achico@radarappsecurity.com
