Why VSBLTY is Set to Dominate the Global IoT for Public Safety Market

VSBLTY

The global IoT for public safety market was valued at $991 million USD last year and is projected to reach $2.7 billion by 2025 thanks to regulatory agencies and governments turning to IoT-enabled devices to ensure the safety of the public. One company that could dominate this growing market is VSBLTY Groupe Technologies Corp. (CSE:VSBY) (OTC:VSBGF).

VSBLTY is a leading software technology company offering a unique security solution using a combination of computer vision, machine learning, biometrics, and facial recognition technology.

With a focus on creating enhanced safety in public venues, VSBLTY developed its VSBLTY Vector system. Vector’s industry-leading cognitive APIs enable advanced image analytics and facial recognition that is crucial to strengthening security requirements by quickly recognizing objects and persons-of-interest in a crowd.

What really sets this technology apart is the fact that it is directly embedded in display screens, offering a more accurate image of individuals than traditional overhead cameras and CCTV systems. It can also interface with existing IP cameras.

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VSBLTY’s Experienced Management Team

VSBLTY Groupe has continued to strengthen its already stellar management team to ensure it brings the best products to market. On Wednesday, the company announced the addition of Matthew Pruitt as its Chief Experience Officer and Paul Rinaldi as the Senior Client Services Director of Retail.

Pruitt, who is former Chief Solutions Architect of NEC Corporation of America, earned a Masters in Computer Science and Engineering and specializing in biometrics. He also served as Chair of the Advances in Biometric Technology Working Group of the International Biometrics + Identity Association (IBIA) to advance public security solutions.

Rinaldi, who previously served as Vice President of Sales & Operations at Optika Display, brings with him extensive experience developing innovative interactive display products from concept to commercialization, including logistics, product management, and go-to-market strategies. During his time at Optika, Rinaldi worked with top US consumer packaged goods (CPG) companies like Coca Cola, Unilever, and Fiji Water and will leading retailers such as Walmart, Kroger, Albertsons, and Publix.

VSBLTY Vector: Transforming Security and Public Safety

VSBLTY Vector was built to enhance security measures at high-traffic public areas, entertainment venues, schools, places of worship – the list of sites this software can be implemented are seemingly endless. 

The technology operates in a closed system, meaning it isn’t dependable on an internet connection and performs with speed, precision, and accuracy to identify a weapon or person of interest immediately.

The VSBLTY team has been active in showcasing its Vector technology at various conferences and tradeshows. Most recently, the company demonstrated its retail and security solutions at the Shepard Sandbox User Conference in Louisville, Kentucky. VSBLTY also showcased Vector at Venue Connect, the 94th Annual Conference of the International Association of Venue Managers, which was held in Chicago on July 24.

Before that, VSBLTY software was selected to exhibit at the 2019 NBA Security Conference & Vendor Summit at the Bellagio Hotel in Las Vegas. 

VSBLTY also received a vote of confidence from Microsoft (NASDAQ:MSFT) when it was selected to join the software giant’s elite group of global independent software vendors for support, intensive joint sales, and go-to-market initiatives.

VSBLTY Vector has significant potential to capitalize on the global IoT for public safety market. Investors who are interested in innovative security technology should consider adding VSBLTY Groupe Technologies to their watchlist.

Featured Image: VSBLTY