VERSES (VERS.NEO), a next-generation AI company providing foundational technology for the contextual computing era announced today that it is partnering with Blue Yonder, a company specializing in digital supply chain and omni-channel commerce fulfillment providing solutions to over 3500 of the world’s largest retailers and warehouse distribution providers across 78 countries.
VERSES adaptive intelligence and Spatial Twin management applications are expected to be equipped and utilized with Blue Yonder’s global logistics customers. This will generate a real time world model to better simulate and orchestrate workflow optimization, verifiable traceability, and intelligent automation. To understand and see this technology at work, check out this quick 1 minute video from VERSES:
To put it simply: VERSES solutions potentially will aid in alleviating the global supply chain problems. You have all seen the news about supply chains, and have felt it in rising inflation. With labor shortages, equipment availability, and the ripple effect of global bottlenecks, more companies will be looking for technology solutions to alleviate these problems and navigate this unpredictability. From the video above, VERSES technologies will aid supply chain companies by allowing them to deploy intelligent capabilities routing, slotting, and capacity.
“Partnering with VERSES provides our customers with an unparalleled view of their physical space and an actionable set of tools to continually improve and refine their operations,” said Matt Balthasar, Director of Edge Technology at Blue Yonder. “This partnership is more than a technical integration; it sets a new standard for the market today and into the future.”
“We are very excited to partner with Blue Yonder to resell VERSES spatial management applications to their global customer base,” said Gabriel René, Founder and CEO at VERSES. “Logistics providers and the supply chain at large are looking for advancements in technology that pull spatial, semantic and social data into one location, and VERSES artificial intelligence technologies provide the necessary foundation for interoperability of theses domains -connecting the physical and digital worlds in every warehouse, distribution center, port, retail space and beyond.”
If you are looking for a technology with the potential to change the world, then this is it. Recently, Equity Guru founder Chris Parry broke down why VERSES is set to change the world with their technology:
VERSES stock is currently up 5.26% with over 115,000 shares traded on today’s news.
The technicals provide a very promising picture. In a recent article, I spoke about VERSES actually breaking below the range at $0.57, which would be a bearish trigger. That breakdown turned out to be a fakeout. On the retest of $0.57, the bulls managed to get a close above it nullifying the bearish momentum. Instead we broke to the upside and took out the top portion of the range at $0.72.
A false breakdown followed by an upside breakout? This is extremely bullish. Going forward, $0.73 now becomes the new support or price floor that must hold for more upside momentum. So far so good, with prices bouncing higher.
The next resistance zone comes in at the $0.94 zone.