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DoBot Robotics, a collaborative robotic (cobot) arms developer, has entered right into a Letter of Intent with VenHub, an organization growing a modular retail platform constructed on expendable containers. 

This Letter of Intent units the stage for exploratory discussions between DoBot and VenHub that the businesses say might alter the face of the retail and robotics panorama. It outlines the preliminary understanding between the 2 firms and marks the beginning of a powerful strategic partnership for future collaboration. 

The joint exploration between the 2 firms present a dedication from each firms to their pursuit of innovation that pushes the boundaries and transcends conventional buying experiences. 

“Our mission at DoBot has all the time been to remodel how we stay, work, and work together with groundbreaking robotic expertise,” Jerry Liu, CEO of DoBot Robotics, stated. “The chance to discover a partnership with VenHub, an organization that shares our ardour for innovation, is genuinely exhilarating.”

The businesses plan to mix modern retail methods, which VenHub is growing, with DoBot’s superior robotics. DoBot and VenHub are working in the direction of a future the place operational efficiencies and the buyer expertise are intertwined. 

“Each VenHub and DoBot Robotics share a dedication to revolutionize our respective industries. This shared imaginative and prescient makes this potential partnership exceptionally thrilling,” Shahan Ohanessian, CEO of VenHub, stated. “We imagine that by combining our assets, we will create a retail ecosystem that isn’t nearly shopping for and promoting, however about enhancing on a regular basis experiences for customers worldwide.”

“This partnership holds the promise of unlocking new potential within the retail area,” Ohanessian continued. “We’re excited concerning the prospects forward of VenHub, for our shareholders, pre-order purchasers, and worldwide companions. Please keep tuned as our journey continues with limitless prospects.”

With the introduction of DoBot’s newest robotic in April 2023, the corporate has reached one more essential milestone within the improvement of its product line. It now has a complete product matrix that features payloads starting from 1.3 lb (0.5 kg) to 53.6 lb (20 kg) with a purpose to accommodate a bigger number of software eventualities.

VenHub is growing totally autonomous, AI-driven good shops that may take the type of comfort shops, retail shops, and gasoline and electrical stations. At these good shops, clients can order the merchandise they need with a pill on the ordering window. Their order is then picked by a robotic arm, and when it’s completed might be picked up at a pickup window.