Scope Technologies Clarifies Disclosure Regarding QSE Platform and GEM Platform Development
Vancouver, British Columbia – Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) (“Scope Technologies” or the “Company”), a leading technology innovator, has issued a press release to provide clarity on disclosures contained in the Annual Management Discussion and Analysis (“Annual MD&A”) for the financial year ended September 30, 2023, and the Interim Management Discussion and Analysis (“Interim MD&A”) for June 30, 2024. The Company has amended these documents to include the stage of development for each of the QSE Platform and the GEM Platform, as well as the anticipated costs required for further development of the respective platforms.
Background
Scope Technologies is a technology company specializing in the development of advanced software solutions. Two of its main platforms are the QSE Platform and the GEM Platform. The QSE Platform is designed to optimize and automate business processes, while the GEM Platform focuses on providing advanced analytics and data visualization tools. Both platforms have the potential to revolutionize industries by increasing efficiency and reducing costs.
Amended Disclosures
In the amended Annual MD&A, Scope Technologies disclosed that the QSE Platform is currently in the beta testing phase, with commercial release anticipated in the second half of 2025. The Company also revealed that the development of the QSE Platform has incurred costs of approximately CAD $5 million to date. Regarding the GEM Platform, Scope Technologies stated that the platform is in the research and development stage, with commercial release expected in the first half of 2026. The anticipated costs for further development of the GEM Platform are estimated to be around CAD $10 million.
Impact on Scope Technologies
The clarification of the disclosures regarding the QSE Platform and GEM Platform development may have a positive impact on Scope Technologies. By providing more detailed information about the stage of development and anticipated costs for each platform, investors can make more informed decisions about the Company’s prospects. This increased transparency could lead to increased investor confidence and potentially higher stock prices.
Impact on the World
The development of the QSE Platform and GEM Platform by Scope Technologies has the potential to bring significant benefits to various industries. The QSE Platform’s ability to optimize and automate business processes could lead to increased efficiency and reduced costs for organizations. The GEM Platform’s advanced analytics and data visualization tools could help businesses make more informed decisions and gain valuable insights from their data.
Conclusion
Scope Technologies’ decision to provide more detailed disclosures regarding the development of its QSE Platform and GEM Platform is a positive step for the Company and its investors. The clarification of the development stages and anticipated costs for each platform will allow investors to make more informed decisions about Scope Technologies’ prospects. Additionally, the potential benefits of the QSE Platform and GEM Platform for various industries are significant, making this an exciting time for Scope Technologies and the technology sector as a whole.
- Scope Technologies provides more detailed disclosures about the development of its QSE Platform and GEM Platform
- QSE Platform is in beta testing phase, with commercial release anticipated in H2 2025
- GEM Platform is in research and development stage, with commercial release expected in H1 2026
- Anticipated costs for QSE Platform development are CAD $5 million, GEM Platform development is estimated to be CAD $10 million
- Increased transparency could lead to increased investor confidence and potentially higher stock prices
- QSE Platform’s ability to optimize and automate business processes could lead to increased efficiency and reduced costs for organizations
- GEM Platform’s advanced analytics and data visualization tools could help businesses make more informed decisions and gain valuable insights from their data
