Summary of VERSES (VRSS.D) Update / Briefing July 29, 2025 Company Overview - **Company**: VERSES (VRSS.D) - **Focus**: Development of AI and robotics technology, particularly in real-world applications and enterprise solutions Key Points Uplist Plans - The company is actively pursuing an uplist to a major tier one US exchange, such as Nasdaq or the New York Stock Exchange, to access larger pools of capital and greater liquidity [3][4][6] - A reverse split is required to meet minimum share price requirements for listing on these exchanges [3] - Transitioned from a foreign private issuer to a domestic SEC reporting company, which comes with different public disclosure requirements [4] Corporate Strategy and Technology Development - The company is focused on creating real-world intelligence through AI, addressing the limitations of current AI technologies that struggle with practical applications [14][15][18] - Emphasis on developing enterprise-ready solutions that can handle mission-critical applications, such as real-time sensing and modeling of environments [19][22] - The company has made significant advancements in its technology, including the development of Genius, a platform designed for adaptive real-time learning [32][35] Product Innovations - **Acxiom**: A cognitive architecture that demonstrates superior performance in spatial reasoning and real-time learning, outperforming competitors like Google's models [35][37] - **VBGS**: A new machine vision technology that allows for real-time mapping and sensing of environments, significantly improving accuracy and efficiency [40][41] - **Genius Act**: A robotic simulation that showcases the ability of robots to learn and adapt in real-time, achieving tasks without extensive pre-training [44][46] Market Position and Recognition - The company has gained attention from various media outlets and industry experts, indicating a growing recognition of its technology and potential [75] - Partnerships with notable organizations, including NASA and JPL, highlight the credibility and applicability of its technology in real-world scenarios [74] Customer Adoption and Revenue Potential - Strong adoption of the Genius platform across diverse industries, including CRM, banking, and media, with customers acting as both users and potential resellers [67][70] - The company is optimistic about future revenue growth as it transitions from research to revenue-generating phases [72][75] Future Outlook - The company believes it is at a pivotal moment, with the potential to significantly impact the AI and robotics market by solving complex real-world problems [89][90] - Continued focus on developing systems that can operate intelligently in dynamic environments, aiming to lead in the enterprise and industrial sectors [66][87] Additional Important Insights - The company acknowledges the challenges faced during the transition period but emphasizes the strength and resilience of its team and technology [5][6] - The strategic focus on real-world applications of AI and robotics positions the company uniquely in a market that is increasingly recognizing the limitations of traditional AI approaches [14][18][63]