Artificial Intelligence
VSBLTY, GRUPO MODELO & RETAILIGENT FORMALIZE AGREEMENT TO JOINTLY CREATE INTERNATIONAL DIGITAL IN-STORE MEDIA NETWORK
Philadelphia, PA, March 15, 2021 (GLOBE NEWSWIRE) — VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (“VSBLTY”), a leading software provider of security and retail analytics technology, along with Mexico’s Grupo Modelo (“Modelo”) (part of the AB InBev family of companies) and Retailigent Media have formalized an agreement (the “Agreement”) to enter into a joint venture by the end of Q2 to install and manage an international in-store media network of up to 50,000 Modelorama stores and independent neighborhood bodegasin Mexico and across Latin America by the end of 2024, it was announced today. Active deploymentis already underway in Mexico, Colombia, Peru, and Ecuador with 5000 locations to be installed by the end of 2021.
In addition to being an international advertising network, it will provide real-time security for store owners, powered by artificial intelligence, as well as integration of store traffic and customer demographics with sales and critical operations-related data to help stores optimize their business.
VSBLTY Co-founder & CEO Jay Hutton said, “The deployments are already underway in Mexico, Colombia, Peru, and Ecuador and we have started contracting media time to consumer-packaged goods brands to advertise to Latin American shoppers right at point-of-sale where buying decisions are made. VSBLTY will be supplying its proprietary software for analytics, security, and visual display,” Hutton said. “The three firms will be equal partners in the joint venture. VSBLTY will earn revenue from the joint venture in two ways. First, and more modestly, from the licensing fees to VSBLTY for the proprietary software that will be leveraged by the joint venture, and second, and most significantly, VSBLTY will share in one-third of the annual operating profits from advertising revenue, modeled to be greater than $200MM USD in total to the joint venture over the first five years,” he concluded.
AB InBev is the world’s largest brewer with a diverse portfolio of more than 500 brands, including iconic global beers Budweiser, Corona, and Stella Artois. Part of AB InBev, Grupo Modelo is the leader in the production, distribution, and sale of beer in Mexico and owns and operates Modelorama, Mexico’s second largest convenience store chain. Pedro Garavito, Vice President of Technology & Transformation, Middle Americas, said, “By leveraging technology and analytics we can play a pivotal role in the communities we serve by improving the safety and quality of the shopping experience for the millions of store owners with whom we do business every day. Not only can the various solutions around Internet of Things (IoT) offer real time access to point-of-sale systems to allow store owners to dynamically optimize their business, but we can also incorporate security, consumer analytics and display advertising under the same platform. At the same time, we will be enabling local store owners and operators to remain competitive as retail consolidates in most Latin American markets. The innovation and agility provided by VSBLTY and Retailigent Media, when coupled with our reach, will allow us to have a meaningful and positive impact on the retail industry in Central and South America.”
Thiago Porto, VP of Transformation and People, Middle Americas, said, “This exciting plan of action—with a target of a 50,000-store deployment by 2024— will enable traditional neighborhood stores, the most important channel for consumer products in Latin America, to keep pace as the retail industry goes through monumental digital transformation.”
Retailigent Media, with offices in Mexico and five other Latin American countries, is the leading company in Mexico for smart retail solutions, analytics, and smart displays. Retailigent provides advertising and marketing insights to some of the world’s leading brands, including P&G, Coca-Cola, Diageo, and Telefonica. “We have a long-standing working relationship with VSBLTY and we are partnering with RADAR App to support in-store security in each of the stores we plan to develop throughout Latin America. Radar App is the first collaborative security solution in the world that is already being utilized in Mexico City counties. Now we will be working together to help Grupo Modelo create a new revenue stream for their stores, improve security, and become an attractive media channel as well,” according to Rodrigo Velasco, Retailigent Media CEO & Co-founder.
In connection with entering into the Agreement, VSBLTY has agreed to issue to Modelo 15,500,000 common share purchase warrants of VSBLTY (the “Warrants”). Each Warrant will be exercisable to acquire one common share of VSBLTY for a period of five (5) years from the date of issuance at an exercise price of at CAD $0.84 per share, subject to the following vesting conditions:
(a) 15% of the Warrants will vest immediately as a result of execution of the Agreement; (b) 15% of the Warrants will vest upon execution of the definitive agreements for the joint venture;
(c) 20% of the Warrants will vest upon the joint venture having been installed and operating in at least 1,500 locations;
(d) 20% of the Warrants will vest upon the joint venture having been installed and operating in at least 5,000 locations;
(e) 15% of the Warrants will vest upon the joint venture having been installed and operating in at least 20,000 locations; and
(f) 15% of the Warrants will vest upon the joint venture having been installed and operating in at least 30,000 locations. In addition, VSBLTY will issue to Modelo 2,500,000 additional Warrants upon the joint venture having been installed and operating in at least 1,500 locations and a further 2,500,000 additional Warrants upon the joint venture having been installed and operating in at least 5,000 locations (collectively, the “Additional Warrants”). The Additional Warrants will have an exercise price equal to the closing price of VSBLTY’s common shares on the last trading prior to reaching the 1,500 locations milestone and will be exercisable for a period of five (5) years from the date of issuance.
VSBLTY technology provides enhanced customer engagement and audience measurement including store traffic and customer demographics. Its industry-leading VisionCaptor™ and DataCaptor™ software combine motion graphics and interactive brand messaging with cutting-edge computer vision measurement and insights. VSBLTY’s AI-driven software, Vector™ provides advanced facial recognition that is crucial to enhancing security in a variety of environments.
Investor Relations
CHF Capital Markets
Cathy Hume, CEO, +1-416-868-1079, x231 CONTACT: Linda Rosanio, 609-472-0877
About VSBLTY (www.vsblty.net)
Headquartered in Philadelphia, VSBLTY (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (“VSBLTY”) is the world leader in Proactive Digital Display™, which transforms retail and public spaces as well as place-based media networks with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning. About Grupo Modelo (www.gmodelo.mx)
Founded in 1925, Grupo Modelo is the leader in the production, distribution, and sale of beer in Mexico and since 2013 part of the world’s largest brewing group, Anheuser-Busch InBev. The firm has 17 national brands, including Corona, and imports seven additional brands. Grupo Modelo operates 10 breweries in Mexico and has more than 32,000 employees.
CONTACT: Fernando Morales, +52 55 5174 9000 x55067
About Retailigent Media (www.retailigentmedia.com) VSBLTY partners with Retailigent Media that has been a pioneer throughout Latin CONTACT: Rodrigo Velasco, +52 1 55 9196 7427
FORWARD-LOOKING STATEMENT
Certain statements in this news release constitute forward-looking information within the meaning of applicable securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects,” “believes,” “anticipates,” “budget, “scheduled,” “estimates,” “forecasts,” “intends,” “plans,” and variations of such words and phrases, or by statements that certain actions, events or results “may,” “will,” “could,” “would,” or “might,” “be taken,” “occur,” or “be achieved.” Those forward- looking statements include a number of statements related to the outlook for future operations, including statements about VSBLTY’s proposed joint venture with Modelo and Retailigent Media, business plans, booking new projects, revenue growth, and new opportunities presented by VSBLTY. Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, expected growth, results of operations, performance, industry trends and growth opportunities. While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to: pricing for the Company’s products and services; the ability to enter into contracts and ability of third parties to honor their contractual obligations; the decisions of third parties over which the Company has no control; changes to government regulations; force majeure events; limits on the ability of the Company to implement and fulfill its business strategies; general economic conditions; adverse industry events; operating costs exceeding the Company’s expectations; loss of markets or failure to enter new markets; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies including expansion plans; and competition. The foregoing factors are not intended to be exhaustive, and readers should refer to the detailed risk factors described in VSBLTY’s Annual Information Form which is available under the Company’s profile at www.sedar.com. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
This news release includes financial outlook, specifically projected net income from the Company’s proposed joint venture with Modelo and Retailigent Media, which is subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. In addition, the Company’s net income projections are based on other factors, including the following key assumptions: (i) the joint venture’s ability to successfully develop and deploy its products; (ii) the joint venture’s pricing targets remaining in place; (iii) the Company’s ability to maintain performance and quality as the joint venture advances and product volume increases, (iv) 70% of advertising inventory sold, and (v) extension of the joint venture to 5,000 locations by end of 2021, 5,000 locations by end of 2022, 35,000 locations by end of 2023 and 55,000 locations by end of 2024. Accordingly, the financial projections are only estimates and are necessarily speculative in nature. It is expected that some – and perhaps all – of the assumptions in the financial projections will not be realized and that actual results will vary from the projections. Such variations may be material and may increase over time. Such financial projections contained in this news release were made by management as of the date of this news release and are provided for the purpose of providing readers with an understanding of the Company’s business plan and significance of the Company’s proposed joint venture. Readers are cautioned that the financial outlook contained in this document should not be used for purposes other than for which it is disclosed herein.
America in making smart deployments at retail with digital displays and analytics. Retailigent Media also provides OOH traffic measurements and predictive advertising triggered by gender and age. The firm is helping retailers and cities improve their security with VSBLTY’s Vector Face Recognition and Alerts.
LINDA ROSANIO
VSBLTY, INC
609-472-0877
[email protected]
Artificial Intelligence
Storykit simplifies video production with new, innovative UX
STOCKHOLM, Sept. 18, 2024 /PRNewswire/ — Storykit is once again revolutionising video creation. With the release of their new workflow and UX, Storykit is completely erasing the thresholds for video creation. “Now, you can go from text to video in seconds,” says Peder Bonnier, CEO and founder of Storykit.
Storykit has long been paving the way for efficient video creation for enterprises like Tietoevry, KPMG, Skanska and BKS Bank. These companies use the groundbreaking text-to-video tool to produce videos with high pace, high volume, and high quality.
Now, Storykit is making video creation even more straightforward: By combining the power of Storykit with a much simpler workflow, the users are enabled to go from text to video in seconds.
– Increased productivity and automation are central to being competitive today. In a world where the best answer to the question “How can I succeed in social media?” is “Publish more, and preferably video,” this is important not only for the single marketer or recruiter but for the business itself, says Peder Bonnier.
With a unique use of AI combined with deep, built-in editorial knowledge, Storykit now analyses your text, writes your script in your preferred manner, and adds images, animations, music, and styling with just a few clicks.
As always, Storykit is also built to safeguard the customer’s messaging and brand.
– There are many ways to create fun and quirky videos out there – video creation has gone from an exclusive competence to something everyone can do. But we know how important quality, brand, and storytelling are for our customers, so we’ve ensured that the tool’s speed and simplicity never compromise the end result, says Peder Bonnier.
With the new workflow, Storykit is also taking the opportunity to release a new offering for small and medium businesses: Storykit Lite.
– Now, nothing is stopping any company from creating tens, or even hundreds, of high-quality videos daily. We’re looking forward to seeing even more of these thumb-stopping stories in our feeds now, says Peder Bonnier.
About Storykit: Storykit is the complete AI video creation tool turning any text into high-performing video content. Since 2018, over 1.000 satisfied customers have chosen Storykit for their video marketing needs. Read more at: storykit.io
For media inquiries, please contact:Jonna Ekman, Communications Director at [email protected]+46 701 62 23 82
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/storykit/r/storykit-simplifies-video-production-with-new–innovative-ux,c4037829
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Storykit simplifies video production with new, innovative UX
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Artificial Intelligence
Clarivate Launches Generative AI-Powered Primo Research Assistant
Transforming library discovery with Academic AI that provides users a new and easy way to find trusted content
LONDON, Sept. 18, 2024 /PRNewswire/ — Clarivate Plc (NYSE:CLVT), a leading global provider of transformative intelligence, today launched Primo™ Research Assistant. Developed in collaboration with partners from the library community, the new generative AI-powered library discovery solution offers a seamless experience for students and researchers. It provides immediate answers to natural language queries and offers expansive visibility into sources and references.
Yariv Kursh, Senior Vice President at Ex Libris™, part of Clarivate™ said: “Primo Research Assistant harnesses responsible academic AI to ensure that students and researchers have access to reliable and trustworthy sources, helping to nurture their curiosity and confidence to push the boundaries of knowledge. By partnering with the community, Clarivate is committed to responsibly applying AI, identifying where AI brings most value and developing best practices.”
Primo Research Assistant, part of Primo Discovery solution, is built based on a Retrieval Augmented Generation (RAG) architecture and grounded in the Ex Libris Central Discovery Index (CDI), which contains over 5 billion records from thousands of publishers, aggregators and repositories.
Key features include:
Semantic search and natural language queries: Users can interact with the system using everyday language, making the search process more intuitive.AI-powered answers with references to sources used: The tool provides immediate answers based on the top five abstracts, with links to the full text and the complete result list.Search suggestions: The assistant offers suggestions to help users expand their topics and delve deeper into their research.Non-English query support: Users can ask questions and receive answers in multiple non-English languages.To ensure the product was designed to fit the needs of librarians and their end users, the product was created in close partnership with development partners. The Primo Research Assistant beta program began in June 2024 and featured 18 institutions across 10 different countries/regions. The group of beta testers includes representatives from various cultural and language backgrounds and reflects the diversity of the global academic community.
Summon Research Assistant, first announced in June 2024, will launch in Q1 2025.
Notes to the editors:
Primo Research Assistant is powered by the Clarivate Academic AI Platform, a technology backbone enabling accelerated and consistent deployment of AI capabilities across our portfolio of solutions. All Clarivate AI tools have been responsibly developed in line with the Clarivate AI Principles.
This year Clarivate launched the Academia AI Advisory Council, a group committed to fostering a collaborative environment where diverse voices can contribute to the responsible advancement of AI in academia.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:Helen Chung-Kesl, Manager, External Communications, Academia & [email protected]
Logo – https://mma.prnewswire.com/media/1159266/Clarivate_Logo.jpg
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Artificial Intelligence
Medvarsity Announces the AI Revolution in Healthcare Summit: The Largest AI in Healthcare Gathering in the GCC
DUBAI, UAE, Sept. 18, 2024 /PRNewswire/ — The largest healthcare ed-tech company in Asia, Medvarsity, is hosting the AI Revolution in Healthcare Summit (AIRH) on February 15-16, 2024, at Expo City, Dubai. This will be the largest two-day AI summit in healthcare in the GCC region, which will be offering a platform to share the future of healthcare through artificial intelligence.
The AI Revolution in Healthcare Summit will bring together global thought leaders from the GCC and beyond, including Dr. Jonathan B. Perlin, President and CEO of The Joint Commission Enterprise; Ms. Kimberley Pierce, CEO of King’s College Hospital London-Dubai; Dr. Mohaymen Abdelghany, CEO of Fakeeh University Hospital; Mr. Tom Navasero, Chairman of the Genomics Institute of Asia; Dr. Sangita Reddy, Joint Managing Director of Apollo Hospitals; Mr. Antonio Spina from the World Economic Forum; Mr. Ajay Gannerkote, President & Head – Ultrasound of Siemens Healthineers; and Mr. Marc Perlman, Managing Director of Deloitte Healthcare, along with over 40 other distinguished healthcare leaders. They will share their insights on how AI is transforming patient care, diagnostics, and healthcare delivery globally.
Gerald Jaideep, CEO of Medvarsity, emphasized the importance of the event, adding that, “AI is reshaping healthcare, from diagnostics to drug discovery. This event represents our commitment to bringing together visionary thinkers to explore the potential of AI in healthcare. Together, we can challenge existing approaches and reshape the future of patient care. AIRH Summit provides an opportunity for innovators to connect, exchange ideas, and drive change.”
Participants at the summit will engage with over 1200 top decision makers from various healthcare organisations including healthcare ministers, CEOs, and AI specialists. AIRH will provide unprecedented networking opportunities, exclusive insights from global leaders and access to the most recent AI powered advancements in healthcare.
Key topics include AI in personalized medicine, ethical challenges, regulatory frameworks, and impact of AI on healthcare systems in GCC and beyond. This conference will foster collaboration and explore the future of AI in healthcare.
To secure your spot at AIRH, visit www.airh.one. For sponsorship and participation inquiries, contact [email protected].
About Medvarsity
Medvarsity, Asia’s largest Healthcare EdTech company, empowers healthcare professionals across 192 countries. The AI Revolution in Healthcare Summit positions the GCC region as a leader in healthcare innovation.
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