The Company is Planning to use Smart Lockers
to Ensure the Contactless Delivery of Branded Meals for up to 500
Employees at Panasonic's Taiwan Headquarters on a Daily
Basis
VANCOUVER, BC, March 21,
2022 /CNW/ - Just Kitchen Holdings Corp.
("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF)
(FRA: 68Z), an operator of ghost kitchens specializing in
the development of delivery-only food brands, is pleased to
announce that it has signed an agreement with Panasonic Taiwan
("Panasonic") for a business-to-business pilot program (the
Pilot Program") to provide food for its head office
employees. The Pilot Program is being planned to include the use of
a technology-enabled smart lockers to ensure the contactless
delivery of food. The Company's JKOS platform will be used to
provide Panasonic with a white-label food ordering portal during
the Pilot Program.
Panasonic Taiwan currently employs approximately 500 people at
its head office, who will all be able to order food items online
through the portal. JustKitchen will be responsible for fulfilling
the orders and having them delivered to on-premises smart lockers
for retrieval by Panasonic's employees through the use of unique QR
codes once delivery notices have been received. If successful, the
Pilot Program may be extended to other Panasonic office locations
and offered by the Company other third-party clients in locations
where there is limited access to food delivery services or
contactless requirements.
Smart lockers are an effective solution as they are secure,
modular, temperature-controlled and designed to hold packaged food
items for an extended period of time, if necessary, until a
customer retrieves their order. Each locker also includes a smart
screen, which enables a user to access their locker by scanning a
QR code, as well as a manual keypad for a secondary alternative in
order to access the locker. Delivery drivers will receive their
instructions from the JKOS platform as to which food order is to be
deposited into which locker, all as part of the turnkey and
cloud-based system that JustKitchen management expects will result
in a successful Pilot Program.
Management Commentary
"This Pilot Program with Panasonic Taiwan is yet another
opportunity for JustKitchen to demonstrate the effectiveness of its
business model on a technology enabled B2B basis, as a complement
to our core business of fulfilling retail orders from our network
of ghost kitchens. The hundreds of employees at Panasonic work hard
and we are honoured to provide them with the option of choosing
from our wide assortment of food items to nourish themselves each
day," said Jason Chen, Co-Founder
and Chief Executive Officer of JustKitchen. "Expanding our B2B
business line is differentiating our company beyond simply being a
ghost kitchen operator. The JKOS platform that we have
developed is proving itself to be very flexible and valuable to
third parties. And in today's world, we are honoured to be in a
position to provide delivery in a way that offers protection for
both delivery personnel and customers. We are looking forward to
entering into more programs like this one with new partners in the
near future," added Mr. Chen.
ABOUT JUSTKITCHEN
JustKitchen is primarily an operator of ghost kitchens
specializing in the development and marketing of proprietary and
franchised delivery-only food brands for customers. The Company
currently operates in Taiwan and
Hong Kong with plans to expand
operations to other Asian countries. JustKitchen uniquely utilizes
a hub-and-spoke operating model, which features advanced food
preparation taking place at larger hub kitchens and final meal
preparation taking place at smaller spoke kitchens located in areas
with higher population densities. The Company combines this
operating model with online and mobile application-based food
ordering fulfilled by third-party delivery companies, to minimize
capital investments and operating expenses and reach more customers
in underserved markets. The Company's other business, JustMarket,
is an e-commerce grocery delivery platform that allows customers to
purchase groceries for delivery or add select grocery items to
meals ordered through JustKitchen.
For more information about the Company, please visit
investors.justkitchen.com. JustKitchen's final prospectus,
financial statements and management's discussion and analysis,
among other documents, are all available on the Company's profile
page on SEDAR at www.sedar.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements"
within the meaning of such statements under applicable securities
law. Forward-looking statements are frequently characterized by
words such as "anticipates", "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed", "positioned" and other similar
words, or statements that certain events or conditions "may" or
"will" occur including but not limited to the Company's comments
regarding it planning to use smart lockers to ensure the
contactless delivery of branded meals for up to 500 employees at
Panasonic's headquarters on a daily basis; the use of the JKOS
platform to provide Panasonic with a white-label food ordering
portal during the Pilot Program; and entering into more programs
like the Pilot Program with new partners in the near future. These
statements are only predictions. Various assumptions were used in
drawing the conclusions or making the projections contained in the
forward-looking statements throughout this news release.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made and are subject
to a variety of risks, including those risk factors identified in
the Company's prospectus dated March 26,
2021, and uncertainties and other factors that could cause
actual events or results to differ materially from those projected
in the forward-looking statements. The Company is under no
obligation, and expressly disclaims any intention or obligation, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
SOURCE Just Kitchen Holdings Corp.
