Australian (ASX) Stock Market Forum

SBW - Shekel Brainweigh

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verce said:
Yes, very unfortunate. In my humble opinion, this only strengthens and validates the business case for autonomous retail and friction-less shopping.

Expect this to bounce back strongly on Monday now that the panic sellers are out. :xyxthumbs
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I could be wrong, but I am going to agree with @frugal.rock. Yes there may be some longer term benefits if they can deploy more of the autonomous shopping into the lockdowns but could take time. In the very near term, a 2nd lockdown isn't going to be good. :cautious:
 
New appointment announcement.

"Previously, Mr Leshem was at 3M, a multinational engineering conglomerate, as Director of
Transportation Safety Division in the US. He was largely responsible for mergers, acquisitions and
integrations and strategic and operational management of the business, working within budgets of
US$350-600 million."

https://en.wikipedia.org/wiki/3M

3M made $32.8 billion in total sales in 2018, and ranked number 95 in the Fortune 500 list of the largest United States corporations by total revenue.[9] As of 2018, the company had approximately 93,500 employees, and had operations in more than 70 countries.[2]
 
Not holding currently, @verce but watching closely to enter. I'm interested to see if the CEO's networks can land SBW a contract. I'm still wondering what persuaded someone with those credentials to take on the helm of SBW. Similarly with the most recent appointment. Both are positive signs as long as they aren't being given extravagantly generous incentives.
 
kenny said:
Not holding currently, @verce but watching closely to enter. I'm interested to see if the CEO's networks can land SBW a contract. I'm still wondering what persuaded someone with those credentials to take on the helm of SBW. Similarly with the most recent appointment. Both are positive signs as long as they aren't being given extravagantly generous incentives.
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Hi Kenny

You raise a good question. They now have 2 new experienced executives on-board of quite a high caliber, which is quite a coup for a micro-cap stock.

Mr Leshem’s appointment completes the management restructure, which saw Arik Schor appointed as Chairman and CEO of Shekel Brainweigh on 30 July 2020.

At face value it seems pretty positive (in my personal opinion) and I am hoping they will receive a fair and non-exorbitant salary. I think the key will be finding a good way to link their remuneration with the long-term significant success and sales by the company. That way everyone benefits.

This may be what is required to reinvigorate the company with new blood for the next stage of commercialisation.
 
aus_trader said:
I think the 2nd lockdown in Israel is not having a negative effect on the share price or it's already factored in.

You may be on the verge of some price money on the monthly competition with SBW @verce :xyxthumbs
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Looks like I won't be winning anything this month. Maybe in October.

Here is some more Intel stuff I found the other day. Looks like SBW is in auspicious company. Enjoy.

https://newsroom.intel.com/video-archive/video-2020-nrf-flooid-intelligent-loss-prevention-b-roll/

Intel understands that in today’s retail world the smallest things can make the biggest impact. From an extra minute a customer spends in the checkout line to the placement of a T-shirt in a store, Intel edge, artificial intelligence and vision technologies give retailers the ability to see, learn and make decisions like never before — all while creating customer experiences that drive better business outcomes.

Loss prevention at self-checkout is only the beginning. A unique collaboration of six partners, inspired by the spirit of Intel’s Open Retail Initiative...

https://vimeo.com/intelpr/review/383823641/ab0567ebeb

partners.png
 
An article in French for anyone who can read it.

www.usine-digitale.fr

Casino présente à son tour un magasin autonome, BlackBox, mais sans application ni caméra

Exploité sous enseigne Monop’, BlackBox est la nouvelle démonstration en matière d’innovation digitale du groupe Casino. Il diffère de...-Digital Retail
www.usine-digitale.fr www.usine-digitale.fr

For this, Casino still relied on technological partners: the Israeli Shekel Brainweigh for the sensors, as well as Ingenico , the group CB, and Oreka, a Reunionese company which publishes open source POS software

Some interesting bits when I plugged into Google Translate.

“Unlike a store, there is no need to obtain a permit and no real estate costs, which is a game-changer for profitability.”

"We have a development plan which is bound to evolve according to the health situation , continues Olivier Régo. The technology is expected to be used in traditional stores, especially with franchisees."
 
https://www.lineaires.com/la-distribution/les-nouveaux-formats-automatises-de-monoprix

https://fr.news.yahoo.com/monoprix-...0825129.html?soc_src=social-sh&soc_trk=ma

https://www.ecommercemag.fr/Themati...nte-Black-Box-son-magasin-autonome-352990.htm

The technology "built from A to Z in-house" by the Casino group, owner of Monoprix, is based solely on an intelligent food weighing system developed by Shekel Brainweigh. It is not essential to download an application either, as access to the container store is done directly with your bank card. The margin of error would be minimal, according to the sign, of the order of 1% after the few weeks of tests carried out by the 1,200 employees of the headquarters.

'A dozen openings on this model' scheduled for 2021

Monoprix wants to set up these new independent stores in "flow areas", such as train stations or airports, campuses or even hospital car parks. This point-of-sale format avoids the cost of renting square meters, but also personnel costs or time-consuming authorization requests. Two parking spaces, an electrical supply and a 4G connection allow the container to be put into operation, once equipped.

The technology developed is based on a weighing solution that makes it possible to identify items using sensors, which identify variations in weight, and artificial intelligence algorithms from the Israeli start-up Shekel. The device does not include image recognition of objects, the sign however indicates "an error rate of 1%".
 
So_Cynical said:
So basically a big walk in smart vending machine.
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I suppose if you really wanted to distill it into its simplest form, that’s not entirely inaccurate.

Inventory management data is communicated in real-time to the operator so restocking is streamlined. When buying from a micro-market cooler cabinet rather than a vending machine, customers open the door and on average take 3 items compared with the traditional 1 item per transaction. Sales should see an uptick as a result.

The real winner is the fact there are no staff costs, nor shrinkage which costs billions of losses annually, and it’s a socially distanced frictionless alternative perfect for airports and train stations.

It’s essentially Amazon Go class technology without the privacy concerns that come with cameras. It’s all based on patented weight sensors. Which makes it suitable for strict privacy regimes like GDPR in Europe.

Looking forward to another update on how the Fast Track technology is going with Edgify (which automatically recognises fresh produce at checkout)
 
Something has caused a big jump in stock price, gapping up with volume.

No recent announcements, so something must be up for the eager buying ?

SBW:
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I think it's probably the news about Groupe Casino. It's quite a significant player in retail. And it's the perfect solution for the coronavirus crisis.
 
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