EDMONTON, Alberta, July 18, 2018 (GLOBE NEWSWIRE) -- Visionstate™ Corp. (TSX VENTURE:VIS) is pleased to announce that Exceed Solar Inc. has signed an agreement with one of Canada’s most successful shopping centres to display its solar-powered living spaces coming this October. Visionstate Corp. has invested previously in Exceed Solar to leverage clean energy solutions and the Internet of Things (IoT) market.
Exceed Solar, which specializes in backyard solar applications branded under the name “Sol Spaces,” has signed an agreement with Southgate Centre in Edmonton, Alberta to display the Company’s high tech garden suite on the northwest parking lot. The Company’s solar-powered greenhouse will be exhibited inside the shopping centre and will feature, among other things, a living wall.
“We are extremely pleased to be working with Southgate Centre to expose our product to millions of shoppers within our target demographic,” said Stanton Pawchuk, cofounder of Exceed Solar. “The popularity of backyard garden suites continues to increase substantially, so our timing could not be more perfect.”
“At Southgate, we are excited to feature Exceed Solar in showcasing solar-powered technologies. This is a great opportunity for our guests to learn more about backyard solar applications and how you can integrate renewable energy into your living spaces,” says Vivian Wagner, General Manager, Southgate.
Southgate Centre is among the top 5 shopping malls in Canada for sales per square foot, and is located in an affluent area of Edmonton with a strong appeal to professionals and young families. Annually the shopping centre draws approximately 8.9 million visitors.
These demographics line up perfectly with Exceed Solar’s target market, particularly with the popularity of backyard applications such as garden suites and solar greenhouses. Municipal bylaws and regulations are now aligned with this growing market making it even easier for people to implement.
“Even as a rental suite, the backyard garden suite provides a significant return on investment,” explained Pawchuk. “However the flexibility for these living spaces is impressive, and can range from extra office space to artists studios and guest suites.”
Inside the shopping centre under a themed dome area will be the solar powered greenhouse, which is becoming increasingly appealing as food costs rise and consumers express more and more concern about genetically modified foods. The solar greenhouse has its own power source using 1 kWh of solar energy.
While the market for smaller homes, often termed tiny homes, is growing, Exceed Solar is taking a different approach to both renewable energy and living spaces. Each Sol Space is energy audited to maximize efficiency and to reduce the cost of solar power. In order to achieve scalability, the Company has used structural insulated panels as opposed to stick frame construction. This enables Exceed Solar to scale its solution to larger applications such as residential homes and recreational properties.
Exceed Solar is currently constructing the prototypes for the Southgate project and will be launching them on October 1, 2018 at the shopping center with an official ribbon cutting.
About Visionstate Corp.
Visionstate Corp (TSX VENTURE:VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of sustainability, analytics and the Internet of Everything. Visionstate provides investors access to holdings in disruptive technologies that include artificial intelligence (AI), blockchain platforms and solar energy. Through Visionstate Inc. it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state of the art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
For more information please visit www.visionstate.com and follow @Visionstate on Twitter and Facebook. Visionstate is listed on the TSX-V exchange under the ticker symbol "VIS”; additional investor information is available on SEDAR.
ABOUT EXCEED SOLAR
Exceed Solar leverages cutting edge building technologies to create fully sustainable, energy efficient, highly engineered living spaces. These “Sol Spaces” have been designed both to reduce the carbon footprint of the structures and to utilize available renewable energy from the sun via PV solar panels. Sol Spaces are easily installed and highly scalable, from backyard garden suites to solar powered greenhouses to fully sustainable recreational and residential homes.
Forward Looking Statements
This news release may include certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with Visionstate’s business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect Visionstate’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Visionstate assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information about Visionstate, please contact John Putters at (780) 425-9460 or jputters@visionstate.com.
Contact: John Putters
Phone: 780.425.9460
Email: jputters@visionstate.com