Visionstate Expands MIRA into Asia Through Philippines Distribution Agreement
The agreement includes no minimum purchase commitment, leaving future revenue dependent on orders, deployments and subscription renewals.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Visionstate (VSSSF) has signed an exclusive Philippine distribution agreement with Asiatel Outsourcing for its MIRA Compliance Intelligence Platform through Visionstate IoT.
The initial 12-month term is subject to agreed performance milestones. The first planned commercial initiative is a paid 90-day pilot in Ortigas, initially expected to cover cleaning verification, inspections and audits. Visionstate will supply subscriptions to Asiatel at a 25% discount from applicable MIRA list prices; Asiatel will set and bill end-customer prices. There is no minimum purchase commitment, and future revenue depends on accepted orders, successful deployments and subscription renewals. Further Metro Manila opportunities are planned subject to pilot results and customer demand.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointExclusive Philippine distribution agreement with Asiatel establishes a local sales channel for MIRA.
- Minor point. Forward-looking: it has not happened yet and may not happen.Paid 90-day Ortigas pilot is the first planned commercial initiative.
- Minor point. Forward-looking: it has not happened yet and may not happen.Additional Metro Manila opportunities are intended, subject to pilot results and customer demand.
- Minor point. Forward-looking: it has not happened yet and may not happen.Recurring subscription revenue could grow without corresponding platform-delivery cost increases, the company expects.
Negative
- Minor point25% discount from applicable MIRA list prices applies to subscriptions supplied to Asiatel.
- Minor pointNo minimum purchase commitment; future revenue depends on accepted orders, successful deployments and subscription renewals.
- Minor pointInitial 12-month exclusivity is subject to agreed performance milestones and other agreement terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Exclusive agreement establishes a recurring-revenue channel beginning with a paid Ortigas pilot
Edmonton, Alberta--(Newsfile Corp. - October 5, 2026) - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the "Company"), a technology company focused on compliance intelligence, facility management and operational accountability, is pleased to announce that its wholly owned subsidiary, Visionstate IoT Inc., has entered into a reseller and distribution agreement with Asiatel Outsourcing Inc. (TSXV: ATOI) ("Asiatel") for the MIRA Compliance Intelligence Platform in the Republic of the Philippines.
Under the agreement, Asiatel has been appointed Visionstate's exclusive MIRA distributor in the Philippines for an initial 12-month term, subject to agreed performance milestones and the other terms of the agreement. Asiatel will market, demonstrate, bundle and resell MIRA as part of its Smart Facilities offering, while leading local business development, customer contracting, deployment coordination and first-line customer support. Visionstate will provide the hosted MIRA platform, product enablement, configuration support, sales materials and second-line technical support.
"This agreement gives Visionstate a practical route into the Philippine market through a partner with established local relationships and on-the-ground implementation capabilities," said John Putters, Chief Executive Officer of Visionstate. "Asiatel understands that successful software deployment requires more than a sale. It requires local coordination, customer support and a clear connection to operational needs. MIRA fits naturally within Asiatel's Smart Facilities strategy, and the Ortigas pilot gives both companies a disciplined starting point for broader expansion."
The first planned commercial initiative is a paid 90-day pilot at an agreed facility in Ortigas. The pilot is expected to focus initially on digital cleaning verification and inspections and audits, with success measured through adoption, inspection completion, reporting usability, manager engagement and the business case for a broader deployment. Subject to pilot results and customer demand, the parties intend to pursue additional opportunities in Metro Manila, including BGC, Makati and Quezon City.
MIRA enables organizations to digitally verify work, conduct inspections and audits, capture public feedback, manage operational exceptions and create audit-ready records from facility activity. The platform is designed for healthcare, transportation, commercial real estate, education, hospitality, government and other high-traffic environments where documented service delivery and operational accountability are increasingly important.
"Facility operators are looking for better visibility into the work taking place across their buildings," said Jasjit Singh Anand ("Andy"), Chief Executive Officer of Asiatel. "MIRA adds a practical compliance intelligence layer to Asiatel's Smart Facilities offering, giving customers a way to verify work, document inspections and use operational data more effectively. We look forward to introducing the platform in the Philippines, beginning with the planned Ortigas pilot."
The first planned deployment under the agreement is a paid 90-day pilot in Ortigas. Visionstate will supply MIRA subscriptions to Asiatel at a
About Asiatel Outsourcing Inc.
Asiatel Outsourcing is an embedded extension office for growing companies. Based in the Philippines, Asiatel's teams power the business functions that are critical to scaling, becoming a true Center of Excellence for its clients. Backed by nearly two decades of experience, Asiatel delivers this through three integrated engines: Asiatel BPO as the operational core, Asiatel KPO for specialized expertise, and Asiatel Digital as the AI-powered multiplier. Asiatel's full spectrum of outsourcing solutions ranges from Employer of Record (EOR), remote staffing, and managed services to Knowledge Process Outsourcing (KPO), Agentic AI, and intelligent workflow automation. For more information, visit www.asiateloutsourcing.com.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a technology company focused on compliance-driven subscription solutions for regulated and high-traffic facilities. Through its wholly owned subsidiary, Visionstate IoT Inc., the Company delivers the MIRA platform, which enables organizations to digitally verify, audit and document operational activities in support of regulatory transparency and accountability requirements.
The Company's subscription-based platform is deployed across hospitals, airports, shopping centres, educational institutions and other public facilities across North America. For more information, visit www.visionstate.com.
Issued on behalf of the Board of Directors,
"John A. Putters"
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, CEO
Email: jputters@visionstate.com
Tel: 780-425-9460
Twitter: @visionstate
Facebook: @visionstate
LinkedIn: Visionstate Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/317484
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the terms of Visionstate's MIRA distribution agreement in the Philippines?
Asiatel is the exclusive Philippine MIRA distributor for an initial 12-month term, subject to agreed performance milestones and other agreement terms. Visionstate supplies subscriptions at a 25% discount from applicable list prices, while Asiatel sets and bills end-customer prices. There is no minimum purchase commitment.
How will Visionstate measure success in the planned Ortigas MIRA pilot?
The planned paid 90-day pilot will measure adoption, inspection completion, reporting usability, manager engagement and the business case for broader deployment. Its initial focus is expected to be digital cleaning verification, inspections and audits.
Who will handle sales and customer support for Visionstate's MIRA platform in the Philippines?
Asiatel will lead local business development, customer contracting, deployment coordination and first-line customer support. Visionstate will provide the hosted platform, product enablement, configuration support, sales materials and second-line technical support.