AI Eye - CEO of VSBLTY Groupe Technologies Corp. Discusses Global Reseller Agreement with Sensormatic Solutions, Leading Global Retail Solutions Portfolio of Johnson Controls
Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - September 30, 2019) - Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, reporting on recent news from VSBLTY Groupe Technologies Corp. (CSE: VSBY) (OTC: VSBGF) (FSE: 5VS), a leading retail software and technology company using artificial intelligence.
Listen to the podcast:
VSBLTY Groupe Technologies Corp.'s (CSE: VSBY) (OTC: VSBGF) (FSE: 5VS) recently-signed exclusive Global Reseller Agreement with Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls, could be the former's most significant to date.
"It's probably the most important deal the company has done in the history of the company," said VSBLTY co-founder and CEO, Jay Hutton in a recent interview with Investorideas.com.
Hutton explained how the agreement benefited VSBLTY in the reach gained from Sensormatic's scope of operations.
"We brought innovation to the table, they brought scale to the table," he said. "They share our vision. We look at their footprint and they have 185,000 technology deployments in brick and mortar stores in over 105 countries, and every day 1.5 million data collection points - that's the current Sensormatic footprint. Sensormatic has components for their solutions in 80 percent of the top 200 retailers worldwide in over 70 countries. It's an ideal partner for us."
But it certainly isn't one-sided. Hutton outlined the industry trend of established companies like Sensormatic leveraging the innovations of more dynamic and agile smaller firms like VSBLTY.
"The large companies generally do not carve the way in innovation," he said. "It's generally left to the smaller companies to do that. But what's interesting, is that the large companies tend to hover around these interesting innovations and tend to align with these smaller companies when it comes time to scale."
To specify the point with regard to Sensormatic's market, Hutton described VSBLTY's unique market position.
"We sit at the nexus of marketing and security," he said. "If you're a retailer, among the things that are most important for you right now is measuring the in-store experience. This comes in multiple ways: measuring inventory, measuring the shopper experience, [and] collecting big data for the purposes of analytics so that you may optimize, not only the wallet - the amount of money people spend in retail - but of course, understanding more about the shopper's movement within retail."
VSBLTY's multifaceted application was emphasized in the agreement's press release by Sensormatic Solutions Head of Strategy, Amin Shahidi, who commented:
"VSBLTY is an important piece of our strategy as retailers increasingly rely on in-store video analytics to not only understand and directly support the shopper journey but also to provide another layer of context-based security and loss prevention."
Companies like Sensormatic typically leverage RFID (Radio-frequency identification) tags and EAS (Electronic article surveillance) to combat shoplifting and shrinkage. Hutton spoke of how VSBLTY's solutions enhance the existing loss prevention and security measures without replacing them. He highlights the application of the company's Vector™ module, which detect persons or objects of interest.
"That entire industry is changing," he said. "Not eliminating RFID, but augmenting RFID with computer vision. This is exactly what Vector does for us."
"Vector … looks for persons of interest, can identify objects in a field of view, and provides a complementary capability for security personnel. Vector uses artificial intelligence to take multiple security feeds and look for anomalous behaviour within [them]."
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles, podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers.
For disclosure purposes this podcast featuring VSBLTY Groupe Technologies Corp is a paid for service on Investorideas.com and part of their monthly services. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/48307