VSBLTY Signs Contract to Deploy Analytics Tech in Mexico for $10M USD

VSBLTY

Leading retail software and technology company—and one of Rich’s patented stocks to watch, VSBLTY Groupe Technologies Corp. (CSE:VSBY) (OTCPK:VSBGF), has finalized an agreement with Energetika to provide real-time crowd analytics and audience measurement for Mexican municipalities. 

Headquartered in Mexico, Energetika is an international provider of “intelligent lighting” solutions. The company will now be able to implement VSBLTY’s security-focused solutions, specifically its crowd analytics and facial recognition technology, for residential, commercial, and governmental applications in Latin America.

“We are pleased to formalize a long-term contract with Energetika,” said VSBLTY co-founder and CEO Jay Hutton. “We will be providing advanced analytics as well as public safety applications including tracking of persons of interest, weapon detection, and vehicle and crowd analytics using the power of machine learning and computer vision.”

The companies have formalized a definitive three-year agreement that will expire August 30, 2022, though the contract is renewable for successive terms. Through its Software-as-a-Service model, VSBLTY expects to generate more than $10 million USD in revenue over the initial three years of the contract.

Enter Your E-mail Address To Subscribe

* indicates required
 

Details of the Contract

Energetika initially approached VSBLTY in June as part of its initiative to install safety lighting and integrated security to Mexico City and other designated “Smart Cities” in Latin America.

A smart city is defined as an urban area that uses IoT to collect data and then uses that data to optimize efficiency for its assets and resources. More and more of the world’s larger and economically important municipalities are becoming smart cities, and according to the International Data Corporation, global spending on smart cities technology is expected to reach $189.5 billion by 2023.

Once such municipality embracing this tech is Mexico City, where Energetika and VSBLTY Groupe will initiate deployment of the crowd analytics solutions. Specifically, the companies will target the boroughs of Cuajimalpa and Cuauhtmoc.

VSBLTY’s proprietary security product, VSBLTY Vector, will be its central contribution to the deployment. Vector utilizes video screens with criminal databases to identify persons of interest through computer vision and machine learning. When combined with Energetika’s lighting solutions, Vector will be better able to identify people carrying weapons or other suspicious persons who intend to cause harm. 

VSBLTY CEO Jay Hutton explains that his company has worked closely with Energetika “to develop a public safety network of cameras that cost effectively delivers quality facial recognition at a very cost-efficient price point.”

Following the deployment in Mexico City, Energetika plans to extend its solutions to other locations throughout Mexico. 

VSBLTY’s Rising Position in the Security & Retails Markets

In addition to its security solutions, VSBLTY software also has a number of retail-focused applications that can revolutionize the way retailers customize the consumer experience. The company’s DataCaptor software platform uses advanced optics and sensors to provide objective, real-time measurements and analysis of retail venues and consumer traffic. 

Based in Philadelphia, has established itself as an exciting software technology company on the rise. In the last few months, it has showcased its Vector software at both the Shepard Sandbox User Conference in Louisville and the 2019 NBA Security Conference & Vendor Summit in Las Vegas.

It will be exciting to watch the company deploy its technology in urban settings, and to see the impact it has on the security of citizens in Cuajimalpa, Cuauhtmoc, and else in Mexico. Stay tuned to RichTV Live for further developments with this industry-leading company.

Featured image: Facebook

Please See Disclaimer

If You Liked This Article Click To Share


Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) The Article was issued on behalf of a third party, VSBLTY Groupe Technologies Corp. Bitrics Markets Group Inc. and/or Iman Consulting Group has or expects to receive $800 Canadian dollars from Market Jar Media Inc. for the creation and distribution of the video.

3) Statements and opinions expressed are the opinions of the author and not Bitrics Markets Group Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Bitrics Markets Group Inc. for this Article. Bitrics Markets Group Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Bitrics Markets Group Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Bitrics Markets Group Inc. relies upon the authors to accurately provide this information and Bitrics Markets Group Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Bitrics Markets Group Inc.’s terms of use and full legal disclaimer as set forth here.. This Article is not a solicitation for investment. Bitrics Markets Group Inc. does not render general or specific investment advice and the information on richtvlive.com should not be considered a recommendation to buy or sell any security. Bitrics Markets Group Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Microsmallcap.com.

5) Bitrics Markets Group Inc. and its owners, members, officers, directors, partners and consultants may own shares of the profiled companies, which it may sell at any time, including as soon as it deposits such shares into its trading accounts, during our campaign of the profiled companies stock, after our campaign or at any other time. We also may buy and sell securities in the profiled companies which may cause (a) decline in the price of the profiled companies stock due to our selling activities, (b) increased volatility due to our buying and selling of the profiled companies stock and (c) permit us to make substantial profits while we are profiling each of these companies, yet may result in a diminished value to the stock for investors. for any company mentioned in the Article.