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Visionstate (TSXV:VIS) updates technology as COVID-19 marches on

Technology
TSX:VIS
10 September 2020 15:04 (EDT)

Visionstate (VIS) is enhancing its current hygiene compliance product line with a range of new features.

This is just the latest in a series of updates which the company has made, in response to the ongoing COVID-19 pandemic. Since the coronavirus broke out early this year, Visionstate has undertaken significant technology initiatives, to improve its current solutions.

As a result, the company has seen a great increase in the demand for its products, as the world has acted to contain COVID-19. Visionstate’s shares spiked by a whopping 300 per cent on a single day in March 2020, illustrating just how essential hygiene tracking is becoming amidst the new normal.

The latest updates include features regarding room occupancy rates, cleaning protocol compliance, and touchscreen interaction alternatives. 

The occupancy feature uses Visionstate sensors to calculate if an area, such as a restroom, has too many people in it at once. The cleaning compliance feature is for the company’s mobile app, and allows building operators to thoroughly track compliance with cleaning protocols. 

As COVID-19 has made people more reluctant to touch touchscreens, Visionstate has developed a feature which allows them to provide feedback through their mobile phones instead.

Visionstate’s CEO, John Putters, said the company is responding to what the market demands, in relation to containing COVID-19.

“With social distancing becoming the norm, people are more aware of the crowd environment, and knowing whether a facility or area of a building has reached capacity is important to both them and public health in general.

“The fact is, because you are dealing with people’s health, and in some cases their lives, it’s extremely important to have a digital audit trail for cleaning compliance in case of a lawsuit, which is already happening. Our technology is a very affordable solution, in light of the alternative,” he said. 

In addition to its latest updates, Visionstate is also working on further integrating third-party sensors into its solutions. This would enhance the detail of its analytics platform, which John says shows significant potential.

“For example, if we are tracking foot traffic in and out of restrooms, while at the same time measuring hand pumps with the soap dispenser, analytics can calculate the average number of people actually washing their hands. For facilities like hospitals, this is extremely important information,” he said. 

Visionstate (VIS) is up 11.11 per cent and is trading at C$0.05 per share at 11:16am EDT.

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