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Israeli Cannibble Food-Tech and AIBotics Enter Israel with Global Partner KEENON Robotics
Globenewswire· 2026-01-23 13:00
Core Insights - AIBotics Inc. has partnered with Cannibble Food-Tech Ltd. to target Israel's $13 billion food service and hospitality market, with global AI service robotics adoption projected to grow over 20% annually, surpassing $90 billion this decade [1][2][3] Industry Overview - The partnership aims to accelerate the deployment of AI-powered service robots in food service, hospitality, and security markets, starting in Israel and expanding to North America, Latin America, and the Middle East [2][3] - The global service robot market is expected to grow at a compound annual rate of more than 20%, driven by labor shortages, rising wages, and demand for scalable operations [2][3] - In Israel, the food service sector generated approximately $8.1 billion in 2023, while the hotel industry produced $3.9 billion in revenue in the first nine months of 2022, and the fast-food segment has doubled to about $1.2 billion [2][3] Company Developments - AIBotics will distribute KEENON Robotics' advanced service robot portfolio, enhancing its offerings in the market [2] - Cannibble Food-Tech has established a Robot and AI Division to market AI-enhanced robotic technologies for food service, hospitality, and security applications [5] - The partnership includes a potential future equity transaction, indicating long-term strategic intent, with an initial three-year term and automatic renewals [6] Strategic Importance - The collaboration is positioned to leverage Cannibble's established industry relationships and regional presence to support scalable automation solutions in Israel, which is recognized as a global innovation hub [4][6] - The entry into Israel serves as a strategic gateway to the Middle East, where smart city initiatives and infrastructure investments are increasing the demand for robotics solutions [3][4]
AMC Robotics Provides Business Update on New Product Development
Globenewswire· 2026-01-21 15:00
Company Overview - AMC Robotics Corporation is an AI-driven robotics solutions provider that recently went public on Nasdaq in December 2025 [1] - The company focuses on developing intelligent, scalable hardware and software solutions for various applications [5] Product Development - AMC Robotics is currently advancing its warehouse logistics sorting robot, NovaArm™, which is expected to complete testing and formal acceptance by the end of March 2026 [2] - The official commercial launch of NovaArm™ is planned for the second quarter of 2026, aimed at enhancing operational efficiency, improving sorting accuracy, and reducing labor costs in warehouses and distribution centers [2] Market Opportunity - The global warehouse robotics market is projected to grow from $10.96 billion in 2026 to $24.55 billion in 2031, reflecting a compound annual growth rate (CAGR) of 17.5% [2] - This growth is driven by the increasing demand for automation in the U.S. logistics sector [2] Strategic Focus - The company is committed to driving long-term shareholder value through continuous innovation, strong operational execution, and disciplined growth strategies [3] - AMC Robotics plans to continue investing in research and development while expanding its commercial presence in key U.S. logistics and e-commerce markets [4]
AMC Robotics Establishes Vietnam Subsidiary to Expand Local Partnerships and Support Robotics Manufacturing
Globenewswire· 2026-01-05 12:30
Core Viewpoint - AMC Robotics Corporation has established a wholly owned subsidiary in Vietnam to enhance the manufacturing and production scale-up of its quadruped robotic dog, Kyro™️ [1][3]. Group 1: Subsidiary Establishment - The new subsidiary, AMCV Company Limited, will serve as a regional manufacturing and operations hub focused on robotics manufacturing execution, including supplier coordination, mechanical and electronic assembly, systems integration, quality control, and supply-chain management for Kyro™️ [2][4]. - This expansion is a strategic move to build a globally distributed manufacturing footprint for AMC Robotics' hardware products [3]. Group 2: Manufacturing Strategy - By establishing operations in Vietnam, a cost-efficient and tariff-stable country, the company aims to improve production efficiency, enhance cost structure, shorten lead times, and support scalable commercial deployments of Kyro™️ across various sectors [3][5]. - Vietnam is recognized for its advanced manufacturing capabilities, skilled workforce, and robust ecosystem for electronics manufacturing and robotics components [4]. Group 3: Future Plans - AMC Robotics plans to collaborate with local suppliers to support end-to-end manufacturing workflows, from component sourcing to final system integration and testing of Kyro™️ units [4][6]. - The company is also considering the establishment of a Research and Development Center in Vietnam to support ongoing product innovation and next-generation robotics initiatives [6].