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Nightfood Holdings Inc. (NGTF) Reports Earnings, Increase in Temporary Equity Strengthen Balance Sheet
Globenewswire· 2025-11-21 13:30
Core Insights - Nightfood Holdings Inc. has reported a significant improvement in temporary equity by approximately $91.5 million, attributed to strategic hotel acquisitions aimed at enhancing its AI robotics deployment model [3] - The company is positioned to capitalize on the growing global service robotics market, projected to exceed $170 billion by 2030, through its dual focus on hotel ownership and Robotics-as-a-Service (RaaS) [5] Company Overview - Nightfood Holdings, Inc. is transforming the hospitality industry by integrating AI-powered robotics with strategic hotel acquisitions, aiming to improve hotel efficiency, reduce operating costs, and tackle labor challenges [4] - The company is committed to establishing automation as a standard in hospitality, delivering intelligent solutions that enhance guest experiences and streamline operations [4] Market Context - The sectors of artificial intelligence and service robotics are experiencing rapid growth, but not all companies are effectively translating innovation into revenue growth amid economic challenges [2] - Nightfood's recent quarterly earnings reflect its potential to strengthen its financial foundation and advance towards uplisting readiness, marking a significant step in its evolution into a data-driven hospitality automation platform [3]
TechForce Robotics Releases Shareholder Letter Detailing Quarterly Results and Significant Operational Progress
Globenewswire· 2025-11-20 13:00
NEW YORK, Nov. 20, 2025 (GLOBE NEWSWIRE) -- via IBN -- Nightfood Holdings Inc. (OTCQB: NGTF) (“Nightfood Holdings,” “TechForce Robotics” or the “Company”), a technology leader advancing automation solutions for the hospitality industry, today provides a letter to shareholders highlighting its recent accomplishments and vision for the next stage of expansion. Dear Shareholders, After executing at high levels across both our strategic acquisition roadmap and our operational buildout, the quarter ended Sept. 3 ...
IBN Announces Latest Episode of The Stock2Me Podcast featuring President Ried Floco and CEO Jimmy Chan of Nightfood Holdings Inc.
Globenewswire· 2025-11-05 13:00
Core Insights - Nightfood Holdings Inc. is transforming hotel operations through AI-powered robotics and strategic acquisitions, positioning itself as a leader in the hospitality technology sector [2][4][10] Company Overview - Nightfood Holdings is focused on developing and deploying AI-powered automation, with its initial entry into the hospitality sector through a Robotics-as-a-Service (RaaS) platform [8][10] - The company is pursuing a vertically integrated model, which includes acquiring asset-rich real estate, starting with hotel acquisitions that serve as deployment sites for robotics testing [9][10] Strategic Evolution - The company has recently undergone a strategic evolution, taking over and rolling up five companies, with plans to acquire additional hotel assets [4][6] - Nightfood's operational expertise in hospitality provides a competitive advantage over tech-first competitors, allowing for a focus on solving real-world problems [5][6] Market Position and Growth Potential - The global service robotics industry is projected to exceed $170 billion by 2030, presenting significant growth opportunities for Nightfood Holdings [10] - The combination of robotics innovation and real estate growth positions Nightfood to capture market share in this rapidly expanding industry [10]
YY Group Deepens Strategic Collaboration with KEENON Robotics to Advance Tech-Powered Hospitality Solutions
Prnewswire· 2025-11-03 12:36
Core Insights - YY Group Holding Limited has formalized a partnership with KEENON Robotics to deploy service robots in Southeast Asia's hospitality industry, aiming to enhance workforce efficiency and operational margins [1][3][5] Partnership Details - The partnership focuses on addressing manpower shortages and improving operational efficiency through AI-embodied robots, which will support various hotel operations while maintaining the human element of hospitality [3][4] - KEENON will provide robots designed for tasks such as banquet support and cleaning, enhancing reliability and consistency in service delivery [3][4] Strategic Goals - YY Group aims to leverage this partnership to create scalable growth opportunities and improve unit economics for clients by integrating robotics into their service models [5] - Pilot deployments are already in progress with select clients, setting the stage for broader expansion beyond Southeast Asia [5] Company Overview - YY Group is a technology-enabled platform providing flexible workforce solutions and integrated facility management services across Asia and beyond, operating in sectors like hospitality, logistics, retail, and healthcare [6][7] - The company utilizes proprietary digital platforms and IoT-driven systems to help clients manage fluctuating labor demands effectively [7] KEENON Robotics Overview - KEENON Robotics specializes in developing commercial service robots, utilizing advanced technologies such as AI and autonomous navigation, and has a global presence in over 60 countries [9][11] - The company focuses on enhancing operational efficiency and addressing workforce shortages across various industries, including hospitality and retail [11]
Vegas Golden Knights and Richtech Robotics Partner to Help Shape the Future of Sports and Technology
Globenewswire· 2025-10-27 12:00
Core Insights - The partnership between Richtech Robotics and the Vegas Golden Knights aims to integrate AI and robotics into fan experiences, hospitality, and live entertainment, marking a significant step in the NHL [1][2][3] - Richtech Robotics is recognized for its innovative use of collaborative robots in various settings, and this collaboration will explore enhancing fan engagement and operational efficiency in live sports [2][3] Company Overview - Richtech Robotics Inc. specializes in AI-driven robotic solutions and aims to leverage its technology to improve hospitality and fan experiences in Las Vegas [1][5] - The company operates under three strategic pillars: Industrial, Commercial, and Data, focusing on automation and AI-driven improvements across various sectors [5] Partnership Details - The collaboration will feature Richtech's flagship service robot, ADAM, which will be showcased during the 2025-2026 season, enhancing the gameday experience through interactive engagements and precision service [4][12] - The partnership officially launches in November 2025 with multiple activations, including ADAM's debut at a charity gala and gameday events at T-Mobile Arena [12] Future Prospects - The partnership is expected to set a new standard for fan engagement and hospitality in sports, with Richtech Robotics aiming to gather insights on how automation can scale across sports venues [3][12] - Future activations will include ADAM serving drinks and engaging with fans at various events, showcasing the potential for robotics to enhance the overall sports experience [12]
TechForce Robotics Expands Live Pilot Network in Preparation for Commercial Rollout
Globenewswire· 2025-10-13 12:30
Core Insights - Nightfood Holdings, Inc. is expanding its robotic live pilot programs into various high-traffic operational environments, including casinos, shopping malls, and public schools, marking a significant transition from development to large-scale deployment [1][2][4] Company Developments - The pilot programs involve multiple categories of TechForce service robots and RoboOp365, performing tasks such as cooking, laundry handling, and waste management [2] - The CEO of TechForce Robotics reported overwhelmingly positive data from the pilots, indicating measurable operational efficiencies and strong user acceptance, which are being used to scale production for growing demand [3] - The company aims to deliver scalable Robotics-as-a-Service (RaaS) solutions that enhance workforce efficiency and operational sustainability across various industries [3][4] Market Positioning - TechForce Robotics is validating its technology's adaptability and reliability through real-world performance across multiple settings, preparing for mass deployment [4] - The company anticipates increased production activity to support new partnerships and commercial expansion in the upcoming quarters [4] - Nightfood Holdings is also strengthening its balance sheet through asset-rich real estate acquisitions, which serve as live deployment sites for robotics testing [6] Industry Outlook - The global service robotics industry is projected to exceed $170 billion by 2030, indicating significant market opportunities for companies like Nightfood Holdings [6]
Nightfood Holdings (OTCQB: NGTF) Strengthens Balance Sheet and Expands Robotics Footprint with $52.8 Million Hilton Garden Inn Rancho Mirage Acquisition — Fifth in Less Than 24 Months
Globenewswire· 2025-10-07 13:00
Core Insights - Nightfood Holdings, Inc. has successfully closed its fifth acquisition, acquiring Treasure Mountain Holdings, LLC, which operates the Hilton Garden Inn Rancho Mirage for approximately $52.8 million [1][3] - The acquisition is a strategic move to evolve Nightfood into a technology and asset company, creating a network for testing and commercializing service robots [3][4] - This acquisition is part of a broader strategy to integrate real estate assets with robotics innovation, positioning the company for growth in the AI-automation sector [4][5] Company Strategy - The acquisition of the Hilton Garden Inn is a cornerstone in the company's transformation into a diversified, technology-driven enterprise with predictable revenue streams [5][6] - By combining cash-flowing real assets with automation technology, the company aims to accelerate growth and attract institutional investors [5][8] - The company’s model includes using hotel properties as live deployment sites for robotics testing, enhancing operational capabilities and market positioning [10] Market Positioning - Nightfood Holdings is focused on developing AI-powered automation solutions, starting with the hospitality sector, and plans to expand into other industries [7][8] - The global service robotics industry is projected to exceed $170 billion by 2030, indicating significant market opportunities for the company [8]
Nightfood Closes First of 2 Strategic Hotel Acquisitions in $31M Deal for 155-Room Holiday Inn, Establishing AI Hospitality Automation Platform and Advancing SEC Audit Milestones
Globenewswire· 2025-09-03 12:30
Core Insights - Nightfood Holdings, Inc. has completed its first hotel acquisition by acquiring Victorville Treasure Holdings, LLC for $31 million, marking a significant step in its strategy to integrate AI-powered robotics into hotel operations [1][2]. Acquisition Details - The acquisition was finalized on August 27, 2025, and includes a share exchange agreement that involves 216,667 shares of NGTF Series C Preferred Stock, convertible into common shares [2][9]. - The total purchase price of $31 million includes $5 million in performance-based earnout consideration [9]. Strategic Importance - This acquisition serves as the foundation for Nightfood's AI-driven hospitality platform, positioning the company at the forefront of automation in hotel operations [2][6]. - The Victorville property will be utilized as a Robotics-as-a-Service (RaaS) innovation site, focusing on automation deployment and operational benchmarking across hospitality brands [3][4]. Future Plans - Future phases will expand robotics deployment across various hotel functions, including housekeeping and foodservice, aiming to create a scalable "Smart Hotel" operating model [4][6]. - The company aims to address rising labor costs and operational inefficiencies in the hospitality sector through its vertically integrated model, combining hotel ownership with proprietary robotics [6][8]. Market Positioning - Nightfood's strategy of integrating robotics with real estate ownership positions it to capture market share in the global service robotics industry, which is projected to exceed $170 billion by 2030 [8].
YY Group Signs Strategic MOU with Keenon Robotics
Globenewswire· 2025-08-28 13:15
Core Insights - YY Group Holding Limited has signed a Memorandum of Understanding (MOU) with KEENON (Hong Kong) Limited to enhance its robotics integration initiative aimed at improving service consistency, safety, and operational efficiency [1][2][4] Strategic Robotics Expansion - The robotics integration initiative targets high-impact sectors such as hospitality, healthcare, and facilities management, with the deployment of robotic dish-servers and cleaners already underway in Singapore and Malaysia [3][4] - The MOU with Keenon will pilot advanced indoor service robots tailored for commercial environments in Singapore and Malaysia, focusing on AI-enabled robotics to enhance efficiency and address manpower challenges [4] Enhanced Value Proposition Through Human-Centric Robotics - The collaboration emphasizes human-robot synergy, where Keenon's robots will complement human teams by handling repetitive tasks, allowing staff to focus on higher-value responsibilities [5] - YY Group's deployment model offers clients various options, including on-demand and capital ownership models, supported by in-house technicians for reliable long-term use [6] Strategic Imperatives & Future Outlook - CEO Mike Fu highlighted that the collaboration with Keenon marks a significant milestone in YY Group's robotics integration strategy, aiming to accelerate the adoption of intelligent service robots across Southeast Asia [7] - Pilot deployments are already in progress with select clients, extending YY Group's existing robotics program and laying the groundwork for broader scaling across the region [7][9] - The integration of Keenon's solutions is expected to improve asset efficiency, elevate service outcomes, and support new recurring revenue streams, aligning with YY Group's long-term strategy [9]
Nightfood Holdings Advances $80 Million in Strategic Hotel Acquisitions to Anchor AI-Powered Hospitality Platform
Globenewswire· 2025-08-01 12:30
Core Insights - Nightfood Holdings, Inc. is set to finalize the acquisition of two flagship hotel properties in California, valued at approximately $80 million, which will enhance its vertically integrated hospitality and automation strategy [1][2][4] - The company is rapidly scaling a dual-focus model that combines asset ownership with Robotics-as-a-Service (RaaS), aiming to increase its assets under management and create a long-term infrastructure for AI-driven service robotics [2][5] - Nightfood's CEO emphasizes that these properties will serve as strategic launchpads for embedding next-gen automation into hotel operations, addressing labor challenges and generating scalable recurring revenue streams [3][6] Market Opportunity - The AI in hospitality market is projected to grow to $1.46 billion by 2029, with a compound annual growth rate (CAGR) of 57.8%, while the global hospitality robotics market is expected to expand from $24.38 billion this year to $107.24 billion by 2034 [7] - Labor costs in the U.S. hotel sector have increased by approximately 22% since 2019, indicating a pressing need for tech-enabled efficiency solutions in the hospitality industry [7] Strategic Execution - Nightfood plans to complete due diligence on the Victorville asset by early August, with the Rancho Mirage asset to follow, both of which will be integrated into the company's AI automation platform [4] - The RaaS platform allows hospitality operators to adopt AI solutions on a subscription basis, which reduces capital expenditures while enhancing guest satisfaction and profitability [5] Integrated Growth Model - Nightfood's unique value proposition lies in its full-stack vertical integration, which helps eliminate barriers faced by robotics startups and enables rapid validation and scaling of solutions [6] - The company aims to own hotels, deploy automation, monetize efficiencies and data, and expand recurring revenue streams [8]