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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]
Cannibble Food-Tech Ltd. Announces Establishment of Robotics and AI Division and Partnership to Explore Service Robotics Deployment
Globenewswire· 2026-01-23 13:00
ROSH HAAYIN, Israel, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Cannibble Food-Tech Ltd. (CSE: PLCN) (“Cannibble” or the “Company”) today announced the establishment of a Robotics and Artificial Intelligence Division for the Food and Hospitality Industry and the execution of a partnership agreement with AIBotics Inc. (OTC: AIBT) (“AIBotics”), a developer of AI-enhanced service robots and automation software. The newly established division is intended to support Cannibble’s evaluation and potential commercialization ...
KEENON Robotics, Creator of XMAN and One of the World's Global Leaders and Largest Robotic Manufacturers, Signs Partnership Agreement With Aibotics
Globenewswire· 2025-09-29 13:25
Core Insights - Aibotics, Inc. is accelerating its international expansion through a partnership with KEENON Robotics, targeting growth in the Middle East and the CARICOM region, starting with Israel and Jamaica [1][2][3] Group 1: International Expansion - Aibotics is set to distribute KEENON's service robots across various sectors, including restaurant, hospitality, retail, healthcare, and transportation, driven by rising labor costs and automation adoption [1][3] - The partnership aims to establish Jamaica as a foothold in the CARICOM region, which has a population of 33 million [1] - Aibotics plans to announce a partnership with a publicly traded company in Israel to enhance growth in the hospitality technology sector [2] Group 2: Market Potential - Israel's food service sector generated approximately $8.1 billion in 2023, with the hotel industry earning $3.9 billion in the first nine months of 2022 [3] - The fast-food subsegment in Israel has doubled in size, now valued at $1.2 billion, indicating strong demand for automation [3] - Jamaica's tourism sector welcomed 2.3 million visitors in 2025, generating $2.4 billion in revenue, contributing about 9.2% to the GDP [4] Group 3: Robotics Industry Growth - The global smart home market is projected to grow from $121.6 billion in 2024 to $537.3 billion by 2030, with a CAGR of 27.0% [6] - The robotics industry is expected to expand from $73.6 billion in 2025 to $185.4 billion by 2030, with a CAGR of 20.3% [6] - The global service robotics market is forecasted to reach sizes between $90 billion and over $100 billion by 2032, driven by labor shortages and the demand for automation [8] Group 4: Strategic Focus - Aibotics is advancing discussions with security robotics companies, a sector projected to exceed $71 billion globally by 2032 [8] - The company is blending hardware expertise with AI software to position itself as a leader in personal robotics, healthcare, wellness, and hospitality [11][12] - Aibotics is also focused on expanding e-commerce distribution and pilot programs for its AI-powered massage robot, the Phill Robot [11][12]
KEENON Robotics, Creator of XMAN and One of the World’s Global Leaders and Largest Robotic Manufacturers, Signs Partnership Agreement With Aibotics
Globenewswire· 2025-09-29 13:25
Core Insights - Aibotics is partnering with KEENON Robotics to enhance its international expansion and drive growth in the service robotics market, particularly in the Middle East and CARICOM regions [2][9] - The massage robotics market is projected to exceed $1 billion by 2030, while the global humanoid robotics sector is expected to surpass $38 billion by 2035 [1] - Aibotics is advancing its Phill Robot™, an AI-powered massage robot, with KEENON Robotics preparing for production [6][7] Company Developments - Aibotics is accelerating its international expansion through a partnership with KEENON Robotics, focusing on markets in Israel and Jamaica [2] - The company plans to announce a partnership with a publicly traded company in Canada to enhance growth in the hospitality technology sector [3] - Aibotics aims to acquire a technology company in Jamaica to strengthen its presence in the tourism industry [3] Market Opportunities - Israel's food service sector generated approximately $8.1 billion in 2023, with the hotel industry contributing $3.9 billion in the first nine months of 2022 [4] - The fast-food subsegment in Israel has doubled in size, now valued at $1.2 billion, driven by rising labor costs and demand for automation [4] - Jamaica's tourism sector generated $2.4 billion in revenue from 2.3 million visitors in 2025, contributing about 9.2% to the GDP [5] Industry Trends - The global smart home market is projected to grow from $121.6 billion in 2024 to $537.3 billion by 2030, with a CAGR of 27.0% [7] - The robotics industry is expected to expand from $73.6 billion in 2025 to $185.4 billion by 2030, with a CAGR of 20.3% [7] - The global service robotics market is projected to reach sizes between $90 billion to over $100 billion by 2032, growing at a CAGR of approximately 12% to 19% [9][10]