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SBW - Shekel Brainweigh

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Shekel Brainweigh Ltd has been developing, manufacturing and distributing advanced weighing systems for the retail, healthcare and industrial markets since the 1970s. The Company's Research and Development (R&D) team has designed the hardware and software required to produce key components of digital scales. These key components are then incorporated into either weighing products produced by third party Original Equipment Manufacturers (OEMs) or the Company's own branded products, which are sold directly in France and Israel and through a global network of distributors around the world.

The Company also produces its own range of physician's scales, special needs scales (such as wheelchair and ramp scales) and domestic scales. The Company markets these products under the Healthweigh® brand.

Recently the Company opened an innovation lab in Tel Aviv, staffed by algorithm engineers and Artificial Intelligence (AI) researchers, in order to generate innovative end-to-end solutions, primarily for the retail market.

It is anticipated that SBW will list on the ASX during October 2018.

https://www.shekelbrainweigh.com
 
Currently generating roughly ~30 million AUD in revenue, market cap only ~12 million AUD.

Top players in global self-checkout market

1. NCR Corporation
2. Toshiba TEC Corporation*
3. Diebold Nixdorf Incorporated*
4. Fujitsu Limited IBM Corp*

*Customers of Shekel Brainweigh

Also operating in the strictly regulated healthcare vertical.


The real exciting stuff is in the retail innovation division.

https://www.lfedge.org/2020/02/13/n...ensor-fusion-for-intelligent-loss-prevention/

NRF 2020 Intel Demo: Real Time Sensor Fusion for Intelligent Loss Prevention

For the one-year anniversary of ORI, six initiative members Edgify, Flooid, Shekel and LF Edge members HP, IOTech and Intel inspired by the initiative, worked together on a demo for the Intel booth that showcased the value of Real Time Sensor Fusion for a loss prevention use case at self-checkout. The retail environment has become incredibly complex. The latest technologies enable data-driven experiences and unlock business value like never before, yet there is still a lack of interoperability making it difficult for retailers to deploy integrated solutions with speed and ease. The demo illustrates how integration roadblocks can be a thing of the past.

The demo pulls together real time data through the EdgeX middleware from different common systems including POS real-time transaction log, CV-based object detection, scale solution, and RFID, and data fusion—all in a single pane of glass.




The technology has actual utility, and it's abundantly clear society is moving in that direction and away from traditional checkout systems. Especially with the current COVID19 environment. The less humans required the better.

Also working with Japanese multinational Hitachi on micro-market technology called Capsule.

 
PDF Attached.
 

Attachments

  • esh-iotech-ai-brick-and-mortar-retail-solution-brief.pdf
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By the way, hidden away in the most recent Annual Report dated 31/03/20:


I suspect this news got overshadowed by COVID-19 at the time, and hasn't properly been priced in yet.
 
I did some research online, and I came across this Annual Report, released June 2020 (very recently), by French mass-market retail Group "Groupe Casino"

https://www.groupe-casino.fr/wp-content/uploads/2020/06/RapportActivite_Casino_2019_EN.pdf

https://en.wikipedia.org/wiki/Groupe_Casino

As an historical player in mass-market retail in France, the Group also started to grow internationally at the end of the 90s. It acquired GPA and Grupo Éxito in 1999, major companies in mass-market retail in Brazil and in Colombia.

Casino Group operates across all food and non-food formats: hypermarkets, supermarkets, convenience stores, discount stores and wholesale stores. Other than the eponymous "Géant Casino" and "Casino Supermarchés", Casino Group owns other brands such as Monoprix, Franprix, Leader Price, Cdiscount, Vival, Spar, Sherpa and Le Petit Casino

They have ~226,606 employees worldwide, of which ~75,449 are in France.

Casino Group is the source of many innovations such as the first distributor's brand in 1901, the first self-service store in 1948 or even the display of a sell-by date on consumer products in 1959.

A historic player in French retailing since 1898, the Casino Group is one of the world leaders in food retailing with more than 12,200 stores worldwide, located in France, Latin America and the Indian Ocean and a turnover of 37.8 billion euro.

Anyway, if you look at page 40-43 on their recent Annual Report, we see some commentary from Shekel Brainweigh:



This seems very positive to me - to be specifically mentioned in the Annual Report of a European giant with a proven track record of innovation and technology adoption (and billions of Euro in revenue each year). Could this be the first of many more autonomous stores? Keen to hear what others think.
 
5 Tech Trends Expected To Shape Retail Through The End Of The Year As Result Of The Coronavirus Pandemic

07/15/20 AT 12:57 PM

KEY POINTS

  • Retail sales were up in May but they're still below February levels. June figures are due Thursday
  • The National Retail Federation says back-to-school shopping is expected to be up over last year, driven by purchases of laptops and peripherals
  • Among the electronic solutions retailers are pursuing are cashierless checkout systems and innovations in delivery options
The coronavirus pandemic has accelerated digital plans by retailers attempting to “futureproof” their operations to meet fast-changing consumer behavior, advisory company Coresight Research reported Wednesday.

“Retailers and brands will need to collaborate more than ever with technology startups to futureproof their businesses and be better equipped to meet fast-changing consumer demand and behavior,” Coresight said.

Coresight reported the pandemic has piqued consumer interest in cashierless models. Technology firm Shekel Brainweigh said 87% of respondents to its global consumer survey indicated they would choose stores with self-checkout over those with only cashier lines.

“More retailers and brands will focus on AI [artificial intelligence] and ML as the core technologies underlying demand forecasting solutions, as these can realize a high degree of automation—applying algorithms with minimum intervention from data scientists. Some innovators have already begun to disrupt this sector,” Coresight said.

Source: International Business Times https://www.ibtimes.com/5-tech-tren...-end-year-result-coronavirus-pandemic-3011819
 
https://www.businesswire.com/news/h...-Brainweigh-Innovendi-Autonomous-Micro-Market

Demand for Shekel Brainweigh Innovendi Autonomous Micro Market Solution Grows Following Latest Technology Enhancements

Growth Attributed to Market Demand and Recent Product Enhancements in Checkout Speed, Accuracy and Operational Excellence

TEL AVIV, Israel--(BUSINESS WIRE)--Shekel Brainweigh Ltd. (ASX: SBW), the leader in advanced weighing technology, announces it experienced more than 20 percent growth for its Innovendi business as global retailers look for frictionless customer shopping experiences while mitigating shrinkage risks. Innovendi is an unattended automated locked micro market cooler equipped with smart shelves, providing full autonomous solution for reliable self-service of products. The increased demand is also attributed to significant improvements in Shekel Brainweigh’s technology released in a recent major software upgrade. This upgrade improves checkout speed by 25 percent, allowing faster shopping experience with smaller queues, increased social distancing, improved performance and product recognition accuracy. The Innovendi micro market meets today’s market demand for healthier food, ready meals and specialty drinks, which are not currently offered in traditional vending machines.

“With the COVID-19 pandemic continuing to spike around the globe, consumers are limiting their contact with store staff and looking for touchless or low-touch shopping options to purchase staple items,” said Udi Wiesner, General Manager of Shekel Retail Innovation Division. “Our installed base of Innovendi machines rose by more than 20 percent as retailers and consumer packaged goods manufacturers look for foolproof options to sell their products closer to the consumers. Managements of workplaces, hospitals and facilities need solutions to replace open cafeterias. While traditional vending machines typically cannot handle food like sandwiches and salads, Innovendi is the ultimate solution for this use case.”
 
I wonder what prompted the share price spike today and the consequent ASX price query? Any ideas?
A new CEO was appointed at the beginning of this month...
Been watching this one for a while but seems no reason for a daily volume of over 1 million shares changing hands.
 

I was wondering the same thing. Could it be an indicator of early institutional interest? Wishful thinking on my part?
 
https://www.bloomberg.com/press-rel...ade-product-aware-cabinets-to-retail-industry

NEW YORK -- January 13, 2020

Madix Inc., the second largest retail shelves manufacturer in North America, and Shekel Brainweigh Ltd. (ASX: SBW), the leader in advanced weighing technology, today announced the availability of ready-made Product Aware shelves and solutions for the retail industry.

“By seamlessly integrating Product Aware shelves into our hardware, our customers are armed with accessible data giving them reliable inventory visibility and assisting them in addressing over-stock and out-of-stock problems, as well as better control over shrinkage” said Steve Kramer, VP Sales, Madix.

“For the retail industry, this is a defined competitive edge that promotes the opportunity to increase profitability.”
 
 
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