VERSES Partners with SVT Robotics to Expand the Application of AI in Industrial Environments

VERSES and SVT join forces to optimize operations in warehouses and distribution centers

Vancouver, BC, – 15th February 2023 – (GLOBE NEWSWIRE) – VERSES Technologies Inc. (NEO:VERS) (OTCQX:VRSSF) ("VERSES'' or the "Company”), a cognitive computing company specializing in the next generation of artificial intelligence solutions, today announced a partnership with SVT Robotics™, whose SOFTBOT® Platform and partner ecosystem streamline the integration and deployment of robotics, IoT, and other industrial applications. SVT’s integration with VERSES’ network operating system, Genius™, is expected to accelerate deployments of AI powered robots into warehouses and distribution centers.

By modeling enterprise data and processes as a multi-dimensional digital twin of each location, Genius generates real-time intelligence, boosts worker productivity, and improves overall operational performance. A SOFTBOT connector for Genius services will be available in SVT Robotics’ AppDirectory for quick and reliable integration with any of the other automation and robotics technology connectors in the SVT ecosystem. This streamlines the integration and adoption of VERSES AI for use by supply chain companies using the latest logistics robots.

“We are thrilled to be a certified partner on the SVT Robotics SOFTBOT Platform,” said Gabriel René, Co-Founder and CEO of VERSES. “Companies within the supply chain tend to work in technologically complex environments and keeping up with the latest advancements can be challenging. The ability for SVT’s SOFTBOT Platform to integrate multiple systems, such as WMS, ERP, robotics, and IoT, enhanced with Genius's ability to generate a coherent model of the movement and flow of an operation in order to better understand and optimize them will be a powerful combination.”

Customers deploying VERSES technology through SVT Robotics’ agile, tech-agnostic SOFTBOT Platform also gain access to SVT’s’ AppLab and AppMonitor capabilities to build additional customer operational workflows, and monitor the activity and health of each deployment, process automation, and performance. 

“SVT Robotics is focused on empowering companies to deploy automation technologies rapidly and seamlessly,” said A.K. Schultz, CEO of SVT Robotics. “Partnering with VERSES and its artificial intelligence technology not only enriches our SOFTBOT Platform ecosystem, but also introduces our customers throughout the supply chain to emerging AI technology that can dramatically change the operational performance within the distribution center, warehouse, and beyond.“ 

About VERSES

VERSES AI is a cognitive computing company specializing in biologically inspired distributed intelligence. Our flagship offering, Genius™, is patterned after natural systems and neuroscience. Genius Agents 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 X.

Forward-Looking Statements Cautionary Note

This 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, the expectation that SVT’s integration with VERSES’ cognitive computing platform, Genius, will accelerate deployments into warehouses and distribution centers, a SOFTBOT connector for Genius services is expected be available in SVT Robotics’ AppDirectory for quick and reliable integration with any of the other automation and robotics technology connectors in the SVT ecosystem and the expectation that the partnership between Verses and SVT’s SOFTBOT platform will be a powerful combination. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that SVT’s integration with VERSES’ cognitive computing platform, Genius, will accelerate deployments into warehouses and distribution centers, a SOFTBOT connector for Genius services will be available in SVT Robotics’ AppDirectory for quick and reliable integration with any of the other automation and robotics technology connectors in the SVT ecosystem and that the partnership between Verses and SVT’s SOFTBOT platform will be a powerful combination. 

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, that SVT’s integration with VERSES’ cognitive computing platform, Genius, will not accelerate deployments into warehouses and distribution centers, a SOFTBOT connector for Genius services will not be available in SVT Robotics’ AppDirectory for quick and reliable integration with any of the other automation and robotics technology connectors in the SVT ecosystem and that the partnership between Verses and SVT’s SOFTBOT platform will not be a powerful or successful combination. 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 out-look that are incorporated by reference herein, except in accordance with applicable securities laws.