Visionstate Corp. (TSXV: VIS) has entered into a Memorandum of Understanding with Nova Scotia-based ELi Technology Inc. to explore combining Visionstate's compliance platform with ELi's indoor location-intelligence capabilities. The agreement targets lower-cost deployments using existing Wi-Fi and Bluetooth Low Energy infrastructure, with applications spanning asset tracking, automated service verification and AI-driven predictive analytics. Separately, Visionstate has reset the timetable on a previously announced private placement, launching a new non-brokered offering of up to $750,000. Investors may be watching how the collaboration and financing progress through their respective next stages.

Key Points

  • Visionstate Corp. (TSXV: VIS) is an Edmonton-based IoT and facility-management technology company
  • Visionstate and ELi Technology signed a 12-month, non-exclusive MOU to develop location-aware facility-management solutions
  • A proof of concept at an Edmonton facility is planned as the first project under the MOU
  • A new non-brokered private placement of up to 37,500,000 units at $0.02 per unit targets gross proceeds of up to $750,000, replacing a cancelled August 2026 offering

MOU Framework Combines Visionstate Compliance Data with ELi Indoor Location Intelligence

The MOU establishes a framework for Visionstate and ELi to identify technical, operational and commercial opportunities. ELi's patented technology leverages existing Wi-Fi and BLE infrastructure to track the location and movement of people, devices and assets within indoor environments. According to the release, the collaboration will evaluate applications including automated service verification, asset tracking, location-verified workflows, response-time measurement and real-time operational visibility. CEO John Putters noted the appeal of using infrastructure already in place to reduce hardware cost and complexity while adding new operational data layers.

Edmonton Proof of Concept to Test Location Accuracy in Live Facility Environment

As the first project under the agreement, Visionstate and ELi intend to conduct a proof of concept at an Edmonton facility identified by Visionstate. The disclosure states the project will focus on location accuracy, the ability to leverage existing building infrastructure, deployment requirements and practical facility-management applications. Following successful completion, the companies will evaluate potential integration with Visionstate's platforms and broader commercial opportunities. The release notes that any material integration or commercial arrangement would be subject to a separate agreement between the parties.

Reset Private Placement Targets Up to $750,000 to Fund Market Expansion

Visionstate has cancelled its previously announced August 25, 2026 non-brokered private placement and launched a new offering on identical unit pricing and warrant terms. The new placement consists of up to 37,500,000 units at $0.02 per unit, with each unit comprising one common share and one warrant exercisable at $0.05 for 24 months following closing. There is no minimum offering amount, and the financing may close in one or more tranches, subject to TSX Venture Exchange approval. Net proceeds are intended to support market expansion, international distribution and strategic business development including AI-related opportunities.