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VenHub Appoints Former bp Senior Executive, Tarang Sethia, Executive Vice President, Product & Technology, Bolstering Autonomous Retail Technology Leadership Position
Globenewswire· 2026-02-09 13:30
Core Insights - VenHub Global, Inc. is enhancing its technology innovation efforts in autonomous retail solutions with the appointment of Tarang Sethia as Executive Vice President of Product & Technology [1][2] Group 1: Management Changes - Tarang Sethia has been appointed to lead VenHub's product vision and technology platform, focusing on scalable systems to accelerate Smart Store growth and improve unit economics [2] - Sethia reports directly to the CEO, Shahan Ohanessian, and is expected to drive continuous innovation in the company's technology development [2][3] Group 2: Leadership Background - Sethia brings over 20 years of experience in product and technology leadership, having previously worked at bp and 7-Eleven, where he led significant retail technology transformations [3] - His expertise includes developing customer-centric digital products and scalable commercial solutions, which will be instrumental in VenHub's growth strategy [3][4] Group 3: Product and Technology Focus - VenHub's Smart Stores utilize robotics, automation, and mobile technology to provide a seamless, unattended shopping experience, operating 24/7 [4][5] - The stores are designed for secure operations and efficient transactions, catering to a wide range of consumer needs at any time of day [4]
CEO Shareholder Letter: Alpha Modus Positions Itself as a Consumer-Facing IP Linchpin in AI-Enabled Physical Retail
Globenewswire· 2026-02-05 13:13
Core Insights - Alpha Modus Holdings, Inc. emphasizes a disciplined approach to capital management and strategic execution since going public, focusing on long-term value creation rather than short-term gains [3][4][6] Group 1: De-SPAC Process - Alpha Modus chose to avoid survival capital during its de-SPAC process, opting instead for funding primarily through the CEO's family to maintain cap-table integrity and strategic optionality [4][5][6] - This approach reflects management's belief that capital discipline is a strategic asset, allowing the company to emerge from the de-SPAC process with a strong balance sheet and decision-making authority [6] Group 2: Strategic Focus Post-Listing - The company prioritized building durable leverage across three foundational pillars rather than focusing on immediate revenue, believing that establishing leverage before scaling would lead to more sustainable growth [7] Group 3: Intellectual Property Strategy - Alpha Modus's intellectual property (IP) is consumer-centric, focusing on the interaction between consumers and their physical environment, which differentiates it from competitors that focus on backend technologies [8][12] - The company has filed 23 IP enforcement actions since going public, with five favorably resolved, demonstrating its commitment to protecting its consumer-facing IP [15][26] Group 4: Alpha Cash Initiative - Alpha Cash serves as a physical distribution layer for consumer engagement and monetization, transitioning from concept to pilot execution with national retail partners [17][18] - The initiative is designed to enhance consumer interaction in both physical and digital environments, positioning Alpha Modus for long-term growth [18] Group 5: Capital Strategy - Alpha Modus maintains a strong capital strategy that emphasizes optionality over urgency, allowing the company to avoid toxic financing structures and ensuring uninterrupted operations [19][21] - The recent filing of a $250 million S-3 registration statement is intended to enhance long-term capital flexibility and support strategic growth initiatives [22] Group 6: Achievements Since Going Public - Since becoming public, Alpha Modus has navigated the de-SPAC process, preserved capital flexibility, built a defensible consumer-centric IP portfolio, and established enterprise-grade deployment readiness [26] Group 7: Market Positioning - The company believes that the true value in AI-enabled physical retail lies at the consumer interface, positioning itself as a linchpin in the ecosystem by owning the consumer-facing layer that connects various technologies [23][27]
VenHub to Ring Nasdaq Opening Bell on February 4th in Celebration of Market Debut
Globenewswire· 2026-02-03 15:00
LAS VEGAS, Feb. 03, 2026 (GLOBE NEWSWIRE) -- VenHub Global, Inc. (NASDAQ: VHUB) (“VenHub” or the “Company”), a leader in fully autonomous Smart Store technology, today announced that it will ring the Nasdaq opening bell tomorrow, Wednesday, February 4, 2026, celebrating the Company’s recent debut on the Nasdaq Global Market under the ticker “VHUB.” “We are excited to ring the opening bell for market trading which highlights our recent Nasdaq listing,” said Shahan Ohanessian, Founder & CEO of VenHub. “This m ...
VenHub Appoints Former Amazon Executive, Ian Rasmussen, to Spearhead Nationwide Smart Store Expansion with Focus on Strategic Partnerships and Enterprise Integrations
Globenewswire· 2026-02-02 12:30
Core Insights - VenHub Global, Inc. has appointed Ian Rasmussen as Executive Vice President of Global Expansion and Partnerships to drive commercial growth strategies and enterprise integrations [1][2] - The company focuses on deploying its modular, unattended Smart Stores across North America, emphasizing the reality of unattended retail technology [3] Group 1: Leadership and Strategy - Ian Rasmussen brings nearly two decades of experience in digital transformation within retail operations, previously working at Amazon Web Services [1][3] - His role includes driving revenue growth through enterprise partnerships and scalable go-to-market execution across key verticals [2][3] - The CEO of VenHub, Shahan Ohanessian, highlighted the importance of operational readiness and commercial discipline in achieving growth goals [3] Group 2: Technology and Operations - VenHub Smart Stores operate 24/7 without on-site staff, utilizing robotics, automation, and mobile technology for secure, unattended shopping [5][6] - Each store is stocked with hundreds of everyday essentials, providing fast and convenient access for customers [5] - The company aims to modernize retail experiences and extend its reach through strategic partnerships [5][4] Group 3: Industry Impact - Rasmussen has a history of working with major global brands, advising on connected retail and automation strategies [4] - The company is positioned to address challenges in retail innovation, with its Smart Stores already operational in real environments [5][3] - VenHub's technology is seen as a practical solution for national brands looking to enhance their customer experience [5]
New Study Reveals How Self-Service is Reshaping Retail in Australia
Prnewswire· 2026-01-29 13:04
Core Insights - The study highlights that self-service checkout is becoming the preferred option for Australian consumers, emphasizing the need for speed, simplicity, and control in the shopping experience [1][3][4] Consumer Preferences - Over two-thirds of Australian consumers prefer self-checkout, particularly when shopping alone, in a hurry, or to avoid long queues [3] - Consumers express a desire for an improved in-store experience, including intuitive assistance, diverse payment options, and greater control over their shopping process [3] Retailer Strategies - Retailers are focusing on eliminating delays, building trust, and providing flexible checkout experiences to retain customers [4] - Despite high satisfaction with self-service technology at 95%, retailers are seeking further innovations, prioritizing AI-driven engagement, faster payments, and enhanced security [4][6] Technological Innovations - AI technology is identified as a transformative element for retailers, helping to reduce friction points at checkout and improve in-store safety through real-time behavior analysis [4] - Hybrid checkout models are emerging, allowing for flexible systems that can switch between self-service and attended modes, enhancing customer convenience [5][6] Industry Challenges - Retailers face challenges in improving in-store process efficiency and attracting and retaining staff, which AI-powered checkout solutions and hybrid models can help address [6]
多点数智成功入选MINDS 2025项目
Huan Qiu Wang· 2026-01-23 10:55
Group 1 - The MINDS 2025 project, initiated by the World Economic Forum, recognizes leading AI solutions that have been deployed at scale in real business environments, with Multi-Point Intelligence being the only retail company selected for its AI innovations in the retail sector [1][3] - Multi-Point Intelligence showcased its AI applications in retail operations using the Beijing Wumart store as a case study, integrating AI capabilities such as product selection, clearance, inspection, and loss prevention into daily operations [3] - The company aims to transform retail operations from relying on human experience to a data-driven, intelligent collaboration model, thereby enhancing operational efficiency and reducing costs [3] Group 2 - The MINDS 2025 project includes participants from various key sectors such as information technology, energy, healthcare, finance, and manufacturing, featuring renowned companies like AMD, Siemens, and Ant Group, highlighting the significance of retail as a frontier for AI applications [1][3] - Multi-Point Intelligence's selection for the MINDS 2025 project not only affirms its technological strength and innovative achievements but also emphasizes the retail industry's role in creating economic value and promoting sustainable development through applied AI [3]
Initta Showcases AI-Powered Future of Retail at NRF 2026 in New York
TMX Newsfile· 2026-01-23 03:42
Core Insights - Initta Technology showcased its AI-powered retail solutions at NRF 2026, emphasizing the transition of AI from a trend to practical business applications [1][5] - The company's "AI for All Formats" suite was presented through immersive demonstrations, highlighting its impact on the retail experience [1] Retail Pain Points Addressed - **Supermarket & Grocery**: The "Smart Eye" AI Loss Prevention System shifts security from reactive to proactive, utilizing deep learning for real-time alerts on suspicious behaviors, effectively controlling shrinkage [2] - **Specialty Retail & Hospitality**: The Galileo Series of self-service terminals features a modular design that allows for reconfiguration across various settings, enhancing flexibility [3] - **Food Service & Cafeterias**: The AI Visual Checkout solution enables instant recognition and tallying of items, significantly speeding up transactions in high-throughput environments [4] Comprehensive Product Portfolio - Initta presented a full-stack product portfolio including the Kepler dual-screen ordering terminal, Apollo smart POS, KDS kitchen display systems, and smart BOX payment devices, all designed with a modular philosophy for scalability [6] - The integration of transaction processing with targeted marketing through optional displays enhances customer interaction [6] Global Innovation and Methodology - Initta's presence at NRF highlights its commitment to advancing retail technology globally, offering a holistic approach to digital transformation based on practical insights [7] - The company's solutions address universal retail challenges, such as inventory shrink, the need for agility, and consumer demand for convenience [8] Vision for the Future - A spokesperson emphasized that "The Next Now" is a call to action, focusing on the integration of technology to build the future of retail [9] - Initta aims to collaborate with global partners to create a more intelligent and efficient commercial landscape [9] Company Background - Headquartered in Shenzhen, Initta Technology is a leader in intelligent retail equipment with over 30 years of industry experience, serving a diverse international customer base [9][10] - The company is recognized as a long-standing Intel Prestige Partner, continuing to innovate at the intersection of retail technology and advanced computing [10]
Retail’s 2026 Tech Tipping Point
Yahoo Finance· 2026-01-21 12:30
Legislative and Technological Developments - The CORCA Act is gaining bipartisan support as organized retail crime and counterfeiting become pressing issues, prompting retailers to seek proven technologies for supply chain visibility [1] - Legislative efforts like the Combating Organized Retail Crime Act of 2025 emphasize the need for item-level traceability, which can enhance inventory accuracy and support compliance with regulations [2] Supply Chain Challenges - Many shipments lack essential hygiene measures, leading to uncertainty about what products have arrived, which creates opportunities for counterfeit goods [3] - The fragmentation in shipping models and reliance on third-party logistics partners necessitate cleaner data-sharing practices to protect margins and prevent counterfeit issues [8] Technological Innovations - Advances in tagging technology allow brands to implement strategies that balance durability and affordability, making embedded tagging the new standard for high-volume categories [4] - The year 2026 is anticipated to be crucial for digital product transparency and supply chain integrity, with retailers focusing on embedded tagging and supply chain intelligence [5][9] Consumer Expectations and Brand Trust - Item-level traceability is vital for exposing counterfeits early in the supply chain, especially for brands selling premium or ethically sourced goods, as counterfeits can damage consumer trust [7] - Brands that effectively optimize their product data for AI-driven shopping experiences will enhance discoverability and build customer loyalty [16] AI and E-commerce Evolution - The emergence of agentic commerce, where AI assists consumers in shopping, is reshaping the retail landscape, requiring brands to adapt their strategies for AI Engine Optimization [12][13] - Retailers must integrate their ERP systems with commerce and marketing to ensure data consistency, enabling AI agents to provide personalized recommendations and drive growth [18]
INEO Issues Notice of Material Breach to Bon Intelligence and Terminates Reseller Agreement
TMX Newsfile· 2026-01-21 12:15
Core Viewpoint - INEO Tech Corp. has issued a formal notice of material breach to Bon Intelligence Inc. regarding their license agreement, citing multiple breaches including failure to meet payment and reporting obligations [1][2]. Group 1: License Agreement Breaches - The notice identifies several material breaches of the License Agreement, specifically related to payment and reporting obligations [2]. - INEO Solutions has demanded that Bon remedy these breaches within the contractual cure periods, with intentions to terminate the License Agreement if not resolved [3]. Group 2: Financial Implications - The company recognized $206,625 in revenue for the quarter ended June 30, 2025, related to the Bon agreement, which may be subject to write-off or adjustment based on ongoing reviews [4]. Group 3: Reseller Agreement Termination - INEO Solutions has terminated the reseller agreement with Bon, effective immediately, which prohibits Bon from marketing or selling INEO products or services [5].
Accenture Prioritizes AI Adoption with Strategic Investments and Partnerships
Crowdfund Insider· 2026-01-20 13:19
Core Insights - Accenture is reinforcing its leadership in AI-driven business transformation through strategic investments, partnerships, and acquisitions, focusing on agentic AI, digital trust, and scalable AI solutions across various industries [1][9] Investment and Partnerships - Accenture has invested in Profitmind, a retail technology company specializing in agentic AI, to enhance retail operations by automating decisions in pricing, inventory, and planning [2] - The partnership with Profitmind aims to connect disparate data sources using machine learning and generative AI, providing explainable recommendations for improved visibility into AI reasoning [2][3] Retail Impact - Retailers can now respond swiftly to market disruptions, with one client achieving over 250 basis points in profit improvement due to enhanced decision-making capabilities [3] - Jill Standish, Accenture's global retail lead, highlighted the importance of addressing merchandising challenges caused by data overload, enabling quick and trusted decisions [3] New Initiatives - Accenture has partnered with NTT DOCOMO GLOBAL to launch the Universal Wallet Infrastructure (UWI), an enterprise-grade platform for managing digital credentials, tokens, and assets [4][5] - UWI promotes interoperability across various sectors while ensuring user consent and regulatory compliance, thus fostering trusted digital ecosystems [5] Acquisitions - Accenture has agreed to acquire Faculty, a UK-based AI services firm, which will enhance its capabilities in delivering safe and ethical AI solutions [6] - Faculty brings over 400 AI professionals and expertise in AI strategy and safety, which will integrate with Accenture's offerings, including the Faculty Frontier product for decision intelligence [7] Leadership and Strategy - Julie Sweet, Accenture's chair and CEO, emphasized that these initiatives accelerate the integration of trusted AI into client operations [8] - Manish Sharma, Accenture's chief strategy officer, noted the focus on linking data, processes, and people for faster value realization [8]