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Nightfood Holdings Inc. (NGTF) Subsidiary Developing Key Hospitality-Centered AI Robotics Platform
Globenewswire· 2026-02-05 13:30
NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- via AINewsWire — Nightfood Holdings Inc. (NGTF) today announces its placement in an editorial published by AINewsWire ("AINW"), one of 75+ brands within the Dynamic Brand Portfolio @ IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. To view the full publication, “The Hidden Revenue Drain in Hospitality—and How AI Robotics Is Finall ...
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]
Hybrid Power Solutions Announces Proof of Concept Agreement with Reliable Robots to Explore Industrial Automation at Etobicoke Facility
Globenewswire· 2026-01-20 13:35
Core Insights - Hybrid Power Solutions Inc. has entered into a Proof of Concept (POC) Development Agreement with Reliable Robots to explore the integration of autonomous mobile robots (AMRs) in its operations [1][4] Group 1: Agreement Details - The agreement, dated January 19, 2026, involves the deployment of AMRs from Pudu Robotics and Keenon Robotics at Hybrid's facility in Etobicoke, Ontario [2] - The initial deployment will include the PUDU T300 industrial delivery robot and/or the Keenon T9, aimed at evaluating performance in material handling and delivery tasks [2][3] - The POC is expected to begin within approximately two weeks of the effective date, followed by a 4-6 week testing period [5] Group 2: Technology and Applications - AMRs provide flexible and scalable automation for material movement and process-support tasks, with the PUDU T-Series capable of supporting payloads up to 600 kg and the Keenon T9 supporting 40 kg [3] - The collaboration may explore additional robotic applications, including cleaning and other process-support operations, to reduce reliance on manual labor [3] Group 3: Strategic Importance - The POC aligns with Hybrid's commitment to modernizing operations and enhancing efficiency, supporting the growth of Canada's clean-tech manufacturing sector [4] - Reliable Robots will provide the robots, setup, training, and technical support at no cost during the POC, while Hybrid will provide facility access and operational feedback [4] Group 4: Future Outlook - The initiative aims to deliver insights into shop floor performance, guide decisions on facility layout, labor strategies, and scalable automation as production grows [5] - Hybrid Power Solutions anticipates potential future opportunities to expand automation across its operations based on the outcomes of this POC [6]
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
Core Insights - Nightfood Holdings Inc. is positioned for scalable growth following significant strategic acquisitions and operational advancements, marking a transformational period in the company's history as it prepares for 2026 [1][10] Financial Performance - The company closed two strategic acquisitions, capturing $91.5 million in additional temporary equity, which significantly strengthens its balance sheet [2][3] - The consolidation of these entities is expected to convert a substantial portion of temporary equity into perpetual equity upon the anticipated uplisting, enhancing long-term shareholder value [3] Strategic Acquisitions - The acquisitions are foundational to building a vertically integrated robotics ecosystem, combining automation innovation with real estate assets to create a unique operational model [4][5] - These acquisitions provide control over real-world laboratories for refining robotics solutions and validating ROI, which will accelerate adoption across the hospitality sector [5][6] Robotics Development - The company is advancing its robotics production and engineering capabilities, with key projects including the transformation of the Victorville Holiday Inn into an AI Hospitality Innovation Hub and the acquisition of the Rancho Mirage Hilton Garden Inn for robotics integration [7][8] - The Rancho Mirage property, acquired for $52.8 million, will serve as a flagship site for demonstrating the Robotics-as-a-Service (RaaS) model [7] Future Outlook - Nightfood Holdings is entering 2026 with a strengthened capital structure, improved equity position, and rapidly expanding robotics production capabilities, setting the stage for accelerating revenue generation and long-term profitability [10][15] - The company aims to lead the next wave of AI-driven automation across various sectors, with a long-term vision to expand into additional verticals requiring similar automation solutions [12][13]
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]