Investorideas.com Newswire - AI News: VSBLTY (CSE: VSBY) (OTC:VSBGF), Energetika Sign 10m USD Agreement to Provide Analytics and Security Technology to Mexico Municipalities

Newswire) VSBLTY Groupe Technologies Corp. (CSE: VSBY) (5VS.F) (VSBGF) ("VSBLTY"), a leading retail software technology company, and Energetika, an international provider of "intelligent lighting" solutions, today formalized a definitive three-year agreement to provide real time crowd analytics and audience measurement for Latin American communities. Energetika is a leading provider of smart lighting solutions for economically efficient applications that incorporate security. Energetika's efficient lighting and Smart Energy solutions for residential, commercial and governmental applications will now incorporate VSBLTY's security technology that includes crowd analytics and facial recognition. The contract, which expires August 30, 2022 and is renewable for successive terms, was announced jointly by Jay Hutton, VSBLTY co-founder and CEO, and Rodrigo Calderon, Energetika co-founder and CEO. In making the announcement, Hutton said, "We are pleased to formalize a long-term contract with Energetika. We will be providing advanced analytics as well as public safety applications including tracking of persons of interest, weapon detection, and vehicle and crowd analytics using the power of machine learning and computer vision. This contract is expected to generate more than $10 million USD in SaaS revenue to VSBLTY in the initial three years."