VSBLTY RECEIVES P.O. FOR $500K TO CO-DEVELOP AI-DRIVEN RETAIL POS SOLUTIONS

Rhea-AI Summary

VSBLTY Groupe Technologies Corp (VSBGF) is developing a retail test program with global partners to enhance inventory controls and drive analytics. The project, funded in part by partners, will enable specific product recognition and point-of-sale purchase validation, with the first phase to be completed by Q1 2024.

Development to be Completed by Year End Will Use Computer Vision to ID Products & Validate Sales

PHILADELPHIA, Nov. 23, 2023 /PRNewswire/ -- VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt 5VS) ("VSBLTY"), a leading AI software provider of security and retail analytics technology, is developing in tandem with two global partners, a retail test program that will enable specific product recognition and point-of-sale purchase validation, provide enhancements to inventory controls, and drive more insightful and timely analytics and reporting. The first phase of the collaboration, funded in part by VSBLTY's partners, is being developed in neighborhood bodegas in Mexico City and will be completed by Q1 2024.

"This exciting project is the first step in a long-term alliance that will not only dramatically improve product control and upgrade how retail is managed but will also enable brands to evaluate in-store advertising messages," according to VSBLTY Co-founder & CEO Jay Hutton. "Using VSBLTY's suite of computer vision software, we can create solutions to recognize any kind of product, automatically validate sales, and build anonymized analytics that will enlighten retail management and directly link media views in retail with improvements in impulse purchases."  

Investor Relations

Harbor Access
Jonathan Paterson, 475-477-9401
Jonathan.Paterson@Harbor-Access.com

Graham Farrell, +1-416-842-9003
Graham.Farrell@Harbor-Access.com 

CONTACT: Linda Rosanio, 609-472-0877
lrosanio@vsblty.net

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. By utilizing facial recognition, age and gender, VSBLTY's proprietary technology can effectively enhance retail brand engagement and measurement through customized ads on in-store digital displays at point of purchase in real time. This technology has 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.

Using its proprietary AI software, VSBLTY has also 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.

 

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SOURCE VSBLTY

FAQ

What is VSBLTY Groupe Technologies Corp's (VSBGF) current project with global partners?

VSBLTY Groupe Technologies Corp is developing a retail test program with global partners to enable specific product recognition and point-of-sale purchase validation, and to enhance inventory controls and drive more insightful and timely analytics and reporting.

When will the first phase of the collaboration be completed?

The first phase of the collaboration is expected to be completed by Q1 2024.

What are the main goals of the retail test program?

The main goals of the retail test program are to enable specific product recognition, validate point-of-sale purchases, enhance inventory controls, and drive more insightful and timely analytics and reporting.

How is the project funded?

The project is funded in part by VSBLTY's partners.

Who is the CEO of VSBLTY Groupe Technologies Corp?

Jay Hutton is the Co-founder and CEO of VSBLTY Groupe Technologies Corp.