Verses Technologies (NEO: VERS) is placing a major emphasis on further research and development. The company this morning formally announced the opening of a new research facility, which the company emphasizes is to focus on artificial intelligence along with sensor fusion tech.
Located in Culver City, California, the facility is intended to not only showcase the current portfolio of tech developed by Verses, but will also provide room for further development of sensor fusion research techniques via a dedicated lab, which will be a focus of the firms data science and product development teams.
The facility is intended to enable partners, customers, and investors to experience the tech developed by Verses such as interaction with digital twins, mixed reality warehousing picking, regulatory compliance solutions for autonomous drones, and the firms COSM AI platform.
Sensor fusion meanwhile, which is a focal point of further research at the lab, is the process of using several data sources from various sensor to produce a better understanding of objects and their environments, which is key to the further development of artificial intelligence. Such tech is utilized most frequently for autonomous driving applications, however the industries in which similar tech can be used is extensive.
WATCH: Is Verses Technologies The Next Big Tech Stock?
“Today, autonomous vehicles use sensor fusion in the form of radar, lidar, and cameras to model real-time scenes of their environment in order to safely navigate the streets around them. With our COSM operating system we can apply the same sensor fusion techniques and capabilities in areas such as warehouses, manufacturing plants, shipping ports, mines and retail environments to further enable automation and AI-driven applications,” commented CEO Gabriel Rene.
Verses Technologies last traded at $0.88 on the Neo.
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