Core Insights - Visionstate Corp. has announced a new pilot project in the U.S. with a leading facility management company, focusing on innovation and sustainability [1][2] - The pilot program will initially involve three hospital locations, with potential expansion to 15 facilities, aiming for a broader rollout upon successful completion [2][3] - The partnership is seen as a significant milestone for Visionstate, enhancing its technology's deployment in complex environments like hospitals [3][4] Company Expansion - Visionstate is expanding its presence in the U.S. market and diversifying its customer portfolio across various sectors, including healthcare, logistics, and construction [4][7] - The company has onboarded a new customer for its MIRA inspection platform, starting with 10 locations and the potential for an additional 70 [7] - Visionstate's technology is increasingly being adopted in long-term care facilities to meet evolving cleaning compliance requirements [7] Revenue Model and Strategy - Visionstate operates on a Software-as-a-Service (SaaS) revenue model, focusing on customer acquisition and market expansion to achieve critical mass [5] - The company aims to enhance operational efficiencies, reduce costs, and improve customer satisfaction through its innovative IoT solutions [8] - Visionstate's WANDA™ smart device is being utilized in various public facilities, showcasing the versatility and value of its technology [8]

Core Insights - Visionstate Corp. is advancing its smart facility management and IoT technology through product innovations and customer engagement initiatives [1] AI Development - Visionstate IoT has initiated customer demonstrations of the TidyLogic AI platform, developed with the Alberta Machine Intelligence Institute, aimed at enhancing resource planning for facility managers [2] Legislative Readiness - With Ontario's Bill 190 set to take effect on January 1, 2026, Visionstate is onboarding customers for its WandaLITE solution, resulting in increased subscription adoption [3] New Product Launches - The MIRA inspection platform has been fully demonstrated, digitizing audit and compliance activities, and attracting new customers from public education and health supplement sectors [4] - Wanda Exteriors has been launched to assist exterior maintenance companies in managing property-specific requirements, enhancing service compliance and accountability [5][6] Customer Engagement - Visionstate will host a "Coffee Talk" event on October 2, 2025, to discuss its technology roadmap and growth opportunities with shareholders [9] Revenue Growth Strategy - The initiatives are expected to contribute to Visionstate's recurring SaaS revenue model, with projections of $960 annual fees per building from WandaLITE subscriptions by early 2026 [11] - The multi-product approach, including MIRA and Wanda Exteriors, positions the company for sustainable revenue growth while maintaining high gross margins typical of successful SaaS platforms [12]