VERSES (VERS.NE) is a cognitive computing company specializing in the next-generation of Artificial Intelligence. Today, the Company announced a strategic partnership with SimWell (https://www.simwell.io), a leader in digital simulations aiming to make the world more efficient through the use of advanced analytics technologies. This collaboration strives to leverage the power of knowledge models and digital twin technologies to deliver insights, optimization, and efficiency for businesses worldwide.
The partnership is expected to leverage VERSES’ advanced A.I. and SimWell’s experience building digital twins to deliver predictive modeling simulations. This will empower clients in the retail, warehousing, consumer brand, manufacturing, logistics, and supply chain sectors to generate real-time models to make data-driven decisions, optimize processes, and reduce costs while setting themselves apart in the competitive global market.
SimWell is the first to join the VERSES developer network to build Intelligent Agents in the KOSMOS ecosystem. These Intelligent Agents continuously transform data into an human and machine readable knowledge model, based on which they perform actions and which leads to increasingly predictive and reactive autonomous systems.
SimWell has many Fortune 500 clients who rely on SimWell to help solve complex strategic and operational challenges with simulation, optimization, and digital twin technology.
“Spending $500K-$1M simulating your process before committing to multimillion dollar and multi-year projects only works if you trust the simulation and with SimWell that trust has been demonstrated repeatedly around the world.” said James Hendrickson, President and General Manager of VERSES Logistics Inc., a wholly owned subsidiary of the Company that serves as its global enterprise-specific business unit. “We’re most excited about the cultural and technical alignment between VERSES and SimWell. Our combined energy benefits global customers and partners with expertise and tools that drive transformation across enterprise verticals.”
The partnership kicks off with the two Companies commencing a joint project for a global apparel brand, aiming to enhance production processes and minimize operational costs. This initial venture will set the stage for additional projects across a variety of industry sectors.
At time of writing, VERSES stock is up over 3% on the day with a market cap sitting just above $72 million.
The stock recently printed new all time record highs after breaking above resistance at the $1.05 zone. We hit highs of $1.20. As you can see from the chart, there now seems to be resistance around the $1.12 zone as evident by the candle bodies. Support comes in at the $0.95 zone and I would pay attention to price action at the highly psychological $1.00 zone.
Going forward, bulls would want to see a strong candle close above the $1.12 zone which would set us up for a run back to $1.20 and very likely, into new high territory. It is worth noting the stock has seen strong momentum with potentially four consecutive green days in a row. Momentum which could see us break above our resistance zone.