Visionstate Corp. (TSXV: VIS) has announced that its wholly owned subsidiary, Visionstate IoT Inc., has entered into an exclusive reseller and distribution agreement with Asiatel Outsourcing Inc. (TSXV: ATOI) for the MIRA™ Compliance Intelligence Platform in the Philippines. The initial 12-month agreement appoints Asiatel as Visionstate's exclusive Philippine distributor, subject to agreed performance milestones. The deal represents Visionstate's first formal entry into the Asian market and could open recurring SaaS subscription revenue from a new geography.

Key Points

  • Visionstate Corp. (TSXV: VIS) — Canadian compliance intelligence and facility management technology company
  • Exclusive 12-month distribution agreement signed with Asiatel Outsourcing Inc. (TSXV: ATOI) for the MIRA™ platform in the Philippines
  • First deployment is a paid 90-day pilot at an Ortigas facility; Visionstate will supply MIRA subscriptions to Asiatel at a 25% discount from list prices
  • Investors may watch pilot results and any subsequent expansion into Metro Manila districts including BGC, Makati, and Quezon City

Terms of the Visionstate–Asiatel Distribution Agreement

Under the agreement, Asiatel will market, demonstrate, bundle, and resell the MIRA™ platform as part of its Smart Facilities offering while managing local business development, customer contracting, deployment coordination, and first-line support. Visionstate will supply the hosted platform, product enablement, configuration support, and second-line technical assistance. Visionstate will invoice Asiatel at a 25% discount from applicable MIRA™ list prices, with Asiatel setting and billing its own end-customer pricing. The agreement does not include a minimum purchase commitment, and the release states future revenue will depend on accepted orders, successful deployments, and subscription renewals.

Ortigas Pilot as the First Commercial Step in the Philippines

The first planned commercial initiative under the agreement is a paid 90-day pilot at an agreed facility in Ortigas. The pilot is expected to focus initially on digital cleaning verification, inspections, and audits, with success measured through adoption rates, inspection completion, reporting usability, manager engagement, and the business case for broader rollout. Subject to pilot performance and customer demand, the parties intend to pursue additional opportunities across Metro Manila, including BGC, Makati, and Quezon City, according to the announcement.

MIRA Platform's SaaS Model and Margin Characteristics

Visionstate describes MIRA™ as a compliance intelligence platform enabling organisations to digitally verify work, conduct inspections and audits, capture public feedback, and create audit-ready records. The platform targets healthcare, transportation, commercial real estate, education, hospitality, and government environments. The release states the distribution structure is designed to preserve the high-margin characteristics of Visionstate's SaaS model, noting that as deployments increase, recurring subscription revenue has the potential to grow without a corresponding rise in platform-delivery costs. The immediate share price impact was not clear from available public information.