Mr. John Putters reports

VISIONSTATE AND NEDLABS JOIN FORCES TO REVOLUTIONIZE PEOPLE COUNTING WITH TIME-OF-FLIGHT SENSORS

Visionstate IoT Inc., a subsidiary of Visionstate Corp., and NEDlabs, a leading provider of industrial IoT (Internet of Things) and builder of smart home solutions, have formed a collaboration on a cutting-edge project that will change the way people counting is performed. The project involves the integration of NEDsense Time-of-Flight ("ToF") sensors, developed by NEDlabs, into Visionstate's Wanda platform which tracks cleaning and maintenance activities in public and private facilities.

People counting is a critical aspect of many industries, including retail, hospitality, and events management, as it helps businesses to understand foot traffic and make data-driven decisions. The current methods of people counting, such as infrared sensors and video cameras, can be expensive, unreliable, and provide inaccurate results. With the integration of NEDsense ToF sensors, Visionstate is aiming to provide a more accurate solution that will help businesses make more informed decisions.

"We're thrilled to be collaborating with NEDlabs on this exciting project," said Shannon Moore, President of Visionstate IoT Inc. "By integrating time of flight sensors into our platform, we can provide our customers with a more accurate and reliable solution for people counting. This will have a significant impact on the way businesses operate and make data-driven decisions."

The ToF sensors use advanced technology to measure the time it takes for a light signal to travel from the sensor to the target and back, providing a highly-accurate measurement of distance. This technology has been proven to provide accurate results even in challenging environments, such as crowded spaces or areas with high levels of ambient light.

"We're moving quickly with NEDlabs on this project," said Moore. "The NEDsense Time-of-Flight sensors are at the forefront of sensor technology, and we're confident that their integration into our platform will provide a game-changing solution for people counting."

Visionstate is investing further into connected sensors which will expand the Company's customer base while offering a larger suite of products.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability.

Visionstate IoT Inc. is a wholly-owned division of Visionstate Corp.

Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA(TM) (TM) smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.

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