VSBLTY Groupe Technologies Corp. and Ability Enterprise Co., Ltd. announced the signing of a Non-Binding Memorandum of Understanding that will enable the two companies to work more closely together to target large customers worldwide. VSBLTY and Ability are already cooperating in joint projects.

Recently they co-developed a first-of-its-kind high resolution camera with self-contained inference logic, which can be used in retail and “Smart City” applications. The camera is the first to be developed and deployed that is able to integrate multiple Intel algorithms to run simultaneously directly on the edge. Those Ability intelligent cameras, powered by VSBLTY technology, currently are being deployed to improve public safety in Benito Juarez, a borough of Mexico City.

The MOU establishes a list of proposed business terms between the two companies and continues until April 2024. The objective of the MOU is for the two companies to collaborate to identify, pursue and supply video cameras with Edge compute capability and video-as-a-service offerings based on artificial intelligence to customers seeking to improve security and/or requiring advanced retail AI-enabled analytics. By increasing their strong system integrator relationship, Ability and VSBLTY expect to drive demand for computer vision projects, particularly within Smart Retail, Smart Cities and security projects.