Leader In Next Generation AI Provides 686 Technical Apparel with Logistics Excellence via VERSES Enterprise- Spatial Web for Supply Chain
Vancouver, BC, – (January 30, 2023) – VERSES Technologies Inc. (NEO:VERS) (OTCQX:VRSSF) (“VERSES” or the “Company”), a cognitive computing company specializing in the next generation of Artificial Intelligence (AI) systems and the developer of KOSM™, the world’s first network operating system for enabling distributed intelligence, announced today that it has been selected by 686 Technical Apparel to optimize the flow of its products within its distribution center.
“We are pleased to help 686 better understand the dynamics in their warehouse and how to streamline operations,” said James Hendrickson, President and GM of VERSES Enterprise. “I’ve been a fan of the 686 brand for a while so it’s a treat to contribute to their internal logistics.”
KOSM provides a suite of services and tools for modeling a site along with its operating procedures in order to generate intelligence in the form of recommendations. The VERSES WAYFINDER™ mobile app then guides workers to deploy these recommended activities resulting in a boost to picking performance, reduced errors, expedited onboarding of new employees, and improving the placement and flow of goods.
“686 is working with VERSES because we see the benefit in leveraging state-of-the-art AI to advance our inventory management and distribution,” said Dave Richards, Director of Operations for 686. “Outdoor apparel is our livelihood, and we are confident that working with VERSES will further improve our process of getting equipment into the hands of our loyal customers.”
The Company is also pleased to announce that VERSES Founder & CEO, Gabriel Rene will be presenting the latest Company update in a live webinar taking place on Tuesday, January 31st at 9:00 am PT / 12:00pm. ET. The webinar will be hosted by Focus Communications Investor Relations (FCIR) and Cory Fleck of the Korelin Economics Report. Participants are encouraged to submit any questions for the company prior to the event by e-mailing FCIR at firstname.lastname@example.org.
Date: Tuesday, January 31st
Time: 9:00AM PT/ 12:00PM ET
About 686 Technical Apparel
Born in the city & raised in the mountains, 686 was founded to create innovative products to help you reach your summit — whatever that may be. 686 supports humans around the globe in their pursuit of their own personal summits and is a Climate Neutral Certified brand. Learn more online or at our Instagram.
VERSES is a cognitive computing company specializing in next-generation Artificial Intelligence. Modeled after natural systems and the design principles of the human brain and the human experience, VERSES’ flagship offering, KOSM™, is a network operating system enabling distributed intelligence. Built on open standards, KOSM transforms disparate data into a universal context that fosters 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.
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VERSES Technologies Inc.
Co-Founder & CEO
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Forward-Looking Statements Cautionary Note
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates,” or variations of such words and phrases or statements that certain actions, events or results “may,” “could,” “should,” “would” or “occur.” This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and management’s statements as to expectations and intentions with respect to, among other things, the impact of the KOSM operating system and the VERSES WAYFINDER™ mobile app in streamlining business operations. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the KOSM operating system and the VERSES WAYFINDER™ mobile app can be integrated effectively with Westlife’s current business practices to improve operations. These forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks relating to the KOSM operating system and the VERSES WAYFINDER™ mobile app cannot be integrated effectively with Westlife’s current business practices, the impact of technological inefficiencies, cyber security attacks, adverse changes in legislation relating to the digital twin market, increase in competition, the volatility of global capital markets, political instability, the lack of access to capital or financing when required, the loss of key personnel, technology or software disruptions, unanticipated costs, risks related to the COVID-19 pandemic, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets and other risk factors disclosed in the Company’s disclosure record on www.sedar.com under the Company’s profile. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.