VERSES Technologies Inc. (NEO:VERS) (OTCQX:VRSSF) ("VERSES'' or the
"Company”), a cognitive computing company specializing in the next
generation of artificial intelligence announced that SimWell, a
multinational digital simulations company aiming to make the world
more efficient through the use of advanced analytics technologies,
has agreed to join the private Genius™ Beta Program.
For VERSES and SimWell, this marks a significant milestone as
SimWell agrees to become a beta partner for the Genius™ platform.
The partnership is expected to leverage VERSES’ advanced A.I. and
SimWell’s experience building advanced simulations to deliver
predictive modeling simulations for supply chain logistics, among
other applications.
“VERSES and SimWell have a great working relationship and we
have built a strong pipeline this year. SimWell has a growing
business around simulating data that makes them an ideal user of
the Genius™ platform,” said James Hendrickson, President and
General Manager of VERSES. “Genius™ is expected to allow SimWell to
store data for simulation and also be able to quickly combine that
data for similarity and fuzzy search capability. We believe this is
ideal for use with AI systems to operationalize the
simulations.”
SimWell specializes in custom development work, particularly in
creating digital twins for simulation purposes. Their expertise
aligns with the goals of Genius™, which VERSES’ believes makes them
an ideal candidate to explore and validate the capabilities of this
new technology platform.
Jon Santavy, Partner and Chief Revenue Officer at SimWell,
added, "Many of our customers want to use our simulation tools to
model data processes along with their operational process. We
believe that Genius™ will let us map knowledge from data,
operations, and physical space and query that knowledge in various
ways without having to first build the schema before figuring out
how we will use it.”
VERSES AI continues to forge partnerships with multinational
organizations with the rollout of the beta partnership program,
which intends to feature ten partners across multiple industries
and of various sizes and stages, each interested in using VERSES’
Genius™ platform to deploy smarter and safer intelligent software.
The addition of SimWell is another example of new horizons in which
artificial intelligence can be leveraged with the objective of
achieving enhanced decision-making and operational efficiency.
About VERSESVERSES AI is a cognitive computing company
specializing in biologically inspired distributed intelligence. Our
flagship offering, Genius™, is patterned after natural systems and
neuroscience. Genius™ can learn, adapt, and interact with the
world. Key features of Genius™ include generalizability, predictive
queries, real-time adaptation and an automated computing network.
Built on open standards, Genius™ transforms disparate data into
knowledge models that foster trustworthy collaboration between
humans, machines and AI, across digital and physical domains.
Imagine a smarter world that elevates human potential through
innovations inspired by nature. Learn more at VERSES, LinkedIn, and
Twitter.
About SimWellSimWell is a technology company dedicated to
decision support and decision automation using simulation,
optimization, and digital twin technology. Headquartered in
Montreal, Quebec, SimWell is a multinational company with teams
across USA, Canada, Mexico, EMEA, and APAC. For more information,
visit: www.simwell.io.
On behalf of the Company Gabriel René Co-Founder & CEO
VERSES AI Inc.Samara Abramson, Public Relations Manager, VERSES AI
Inc. press@verses.aiEric Holder, Director of Communications, VERSES
AI Inc. press@verses.ai
Investor Relations InquiriesU.S. - Matthew Selinger, Partner,
Integrous Communications, mselinger@integcom.usCanada - Leo
Karabelas, President, Focus Communications,
info@fcir.ca
Forward Looking Information
This press release contains "forward-looking
information" and "forward-looking statements" within the meaning of
applicable securities legislation (collectively, “forward-looking
statements”). The forward-looking statements herein are made as of
the date of this press release only, and the Company does not
assume any obligation to update or revise them to reflect new
information, estimates or opinions, future events or results or
otherwise, except as required by applicable law. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budgets",
"scheduled", "estimates", "forecasts", "predicts", "projects",
"intends", "targets", "aims", "anticipates" or "believes" or
variations (including negative variations) of such words and
phrases or may be identified by statements to the effect that
certain actions "may", "could", "should", "would", "might" or
"will" be taken, occur or be achieved. These forward-looking
statements include, among other things, statements relating to: the
fact that SimWell will participate in the Company’s Genius™ Beta
Program; the benefits of the partnership between VERSES and SimWell
and specifically that it is expected to leverage VERSES’ advanced
A.I. and SimWell’s experience building advanced simulations to
deliver predictive modeling simulations for supply chain logistics,
among other applications; that Genius™ is expected to allow SimWell
to store data for simulation and be able to quickly combine that
data for similarity and fuzzy search capability and that this will
be ideal for use with AI systems to operationalize the simulation;
that SimWell will be able to help explore and validate the
capabilities of Genius™; that Genius™ will let SimWell map
knowledge from data, operations, and physical space and query that
knowledge in a variety of ways without having to first build the
schema; the potential capabilities of artificial intelligence; and
statements regarding the Company’s beta partnership program,
including the number and type of partners the Company expects to
feature. Such forward-looking statements are based on a number of
assumptions of management, including, without limitation, that the
Genius™ beta program will proceed as expected; that the Company’s
partnership with SimWell will proceed as currently contemplated and
that such partnership will result in the benefits and developments
currently expected; that SimWell’s expertise is aligned with the
goals of Genius™; that the Company’s predictions and SimWell’s
expectations regarding the capabilities of Genius™ will prove to be
accurate; that the Company will be successful in the deployment of
its resources and personnel; that results of testing and
development data will be consistent with anticipated results and
estimates; that the Company will not come across technology or
other barriers preventing it from achieving its business objectives
and commercializing the Genius™ technology; and that the Company’s
technology will impact the AI market and the Company’s success in
the AI market as anticipated.
Additionally, forward-looking statements involve
a variety of known and unknown risks, uncertainties and other
factors which may cause the actual plans, intentions, activities,
results, performance or achievements of the Company to be
materially different from any future plans, intentions, activities,
results, performance or achievements expressed or implied by such
forward-looking statements. Such risks include, without limitation:
the Company’s operations could be adversely affected by possible
future government legislation, policies and controls or by changes
in applicable laws and regulations including the ability of the
Company to develop and commercialize its products and the release
and deployment of the Genius™ technology and its other
technologies; political instability; unexpected development and
production challenges; the Company could face technology or
software disruptions; unanticipated costs; the Genius™ technology
may fail to perform as expected; the Genius™ beta partnership
program may not proceed as expected; the partnership with SimWell
may fail to yield the expected benefits; SimWell’s expertise may
not align with the goals of Genius™; the partnership between VERSES
and SimWell may fail to leverage the companies’ strengths and
capabilities to deliver the results anticipated; the loss of key
personnel; and the loss of key partnerships necessary for the
Company to achieve its business objectives. The forward-looking
statements contained in this press release represent management's
best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future
results may vary materially. Accordingly, readers are advised not
to place undue reliance on forward-looking statements. Neither the
Company nor any of its representatives make any representation or
warranty, express or implied, as to the accuracy, sufficiency or
completeness of the information in this press release. Neither the
Company nor any of its representatives shall have any liability
whatsoever, under contract, tort, trust or otherwise, to you or any
person resulting from the use of the information in this press
release by you or any of your representatives or for omissions from
the information in this press release.
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