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Visionstate Corp. Announces Three-Year Contract with Bunzl Canada for Exclusive Distribution of WandaNEXT
(TheNewswire) New contract expected to double existing revenue in Canada Edmonton...
About this update from Visionstate Corp.
[{"type":"text","content":"Visionstate Corp. Announces Three-Year Contract with Bunzl Canada for Exclusive Distribution of WandaNEXT\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n New contract expected to double\nexisting revenue in Canada\n \n \n \n \n \n Edmonton, Alberta -\n \n \n \n \n TheNewswire -\n \n \n \n \n October 16, 2023 -\n \n \n \n \n Visionstate Corp.\n \n \n \n \n (TSXV:VIS) (“Visionstate”\n \n \n \n \n or\nthe\n \n \n \n \n “Company”)\n \n \n \n , is pleased to announce\nthat its wholly-owned subsidiary, Visionstate IoT Inc., has entered\ninto a new three-year contract with Bunzl Canada Inc. (Bunzl Canada)\nfor the exclusive distribution of the Company's proprietary WandaNEXT\nproduct. The agreement grants Bunzl Canada exclusive distribution\nrights for Canada, Australia, and the UK, while Visionstate IoT will\nhandle direct sales into the U.S. utilizing its existing internal\nsales resources.\n \n \n \n \n The new contract represents a significant milestone for\nVisionstate IoT and is expected to double existing revenue associated\nwith the exclusive distribution rights in the Canadian market.\nFurthermore, it opens new territories internationally, reinforcing the\nCompany's commitment to expanding its footprint in the global\nfacility-management sector.\n \n \n \n \n WANDA™\n \n \n , Visionstate's flagship\nproduct, is an application widely used across various industry sectors\nto monitor cleaning protocols and enhance overall efficiency in\ndelivering building services. The technology has proven instrumental\nin elevating standards of cleanliness and operational\nexcellence.\n \n \n \n \n Commenting on the milestone, John Putters, CEO of\nVisionstate Corp., stated, \"We are thrilled to extend our\npartnership with Bunzl Canada and strengthen our position in the\nglobal market. This new three-year contract not only underscores the\nvalue of our product but also marks a significant step towards\nachieving our strategic objectives. We look forward to continuing to\nwork in conjunction with Bunzl Canada to drive innovation and deliver\ncutting-edge solutions to our clients.\"\n \n \n \n \n The agreement includes revenue-sharing arrangements in\nthe three distribution territories, fostering a mutually beneficial\npartnership between Vis...