02.14.19
AiFi and Valora, a convenience and food service provider with 2,800 outlets in Switzerland, Germany, Austria, Luxembourg, the Netherlands and France, said they will develop a new small retail format – the k kiosk box based on the fully automated NanoStore concept which AiFi introduced at the NRF Big Show in New York.
The first k kiosk-branded auto-checkout NanoStore powered by AiFi will be launched by the end of the year, at a location in Switzerland still to be determined, with a goal of the brand being deployed in locations where there had been no or very few convenience shopping offerings.
These modular, small-footprint stores are fully-automated, check-out free and can operate 24/7. The modern stores will feature the essential products that busy commuters want and need every day.
The technology-based stores will be accessed via a smartphone app so shoppers can gain entry to the store and also make a payment. Because the AiFi solution delivers real-time analytics, k kiosk managers know instantly what inventory needs to be restocked.
“With the k kiosk box, we are taking convenience to the next level making it easier and faster for customers to get what they need," Valora CEO Michael Mueller said.
“Thanks to this relationship with Valora, we will introduce the technology of the AiFi NanoStore to locations where customers really benefit from the most efficient shopping experience, while we also help Valora meet the growing customer demand for a modern, friction-less store. Shopping transactions at these stores can be completed in seconds,” added Steve Gu, CEO and co-founder, AiFi. “As the NanoStore was built with modularity in mind, Valora will be able to use the concept for the k kiosk box and adapt it to the needs of Swiss customers.”
The technology running k kiosk will be AiFi’s NanoStore, a design for an auto-checkout retail format enabling the smoothest shopping experience around the clock. AiFi is pioneering this innovative solution through sensor fusion and Artificial Intelligence. The technology running k kiosk will utilize AI algorithms for real-time people tracking, action and product recognition, as well as camera technology and systems. The on-premise computing inside the NanoStore means there is no need for the cloud and no human intervention, meeting high privacy requirements so customers are satisfied, and privacy is fully protected.
The technology-based stores will be accessed via a smartphone app so shoppers can gain entry to the store and also make a payment. Because the AiFi solution delivers real-time analytics, k kiosk managers know instantly what inventory needs to be restocked.
“With the k kiosk box, we are taking convenience to the next level making it easier and faster for customers to get what they need," Valora CEO Michael Mueller said.
“Thanks to this relationship with Valora, we will introduce the technology of the AiFi NanoStore to locations where customers really benefit from the most efficient shopping experience, while we also help Valora meet the growing customer demand for a modern, friction-less store. Shopping transactions at these stores can be completed in seconds,” added Steve Gu, CEO and co-founder, AiFi. “As the NanoStore was built with modularity in mind, Valora will be able to use the concept for the k kiosk box and adapt it to the needs of Swiss customers.”
The technology running k kiosk will be AiFi’s NanoStore, a design for an auto-checkout retail format enabling the smoothest shopping experience around the clock. AiFi is pioneering this innovative solution through sensor fusion and Artificial Intelligence. The technology running k kiosk will utilize AI algorithms for real-time people tracking, action and product recognition, as well as camera technology and systems. The on-premise computing inside the NanoStore means there is no need for the cloud and no human intervention, meeting high privacy requirements so customers are satisfied, and privacy is fully protected.