via NewMediaWire – Arrive Technology Inc. ("Arrive"), a technology
company focused on facilitating the last inch of the last-mile for
autonomous delivery, announced today that it has signed an
agreement with AllMart Marketplace (“AllMart”) to initially deploy
up to 25 Arrive smart mailboxes to facilitate secure deliveries on
the island nation of Antigua. This announcement comes on the heels
of Arrive’s previously announced agreement and plan of merger with
Bruush Oral Care Inc. (Nasdaq: BRSH) (“Brüush”).
AllMart, an online retailer currently making approximately
120,000 deliveries per year to consumers in Antigua will offer
customers, by the month of May, the option for ‘secure delivery’ in
addition to the current choices of ‘leave it at my door’ or ‘hand
it to me’.
“We’re very pleased to add this improved service to our clients,
who sometimes cannot be at home to receive deliveries and are
forced to contend with damage from weather, animals or other issues
that can occur when a package is simply left at your door,” said
Andrew Doumith, AllMart’s Head of Operations. “We look forward to
our partnership with Arrive leading to further improvements, such
as drone delivery, in the future.”
AllMart consumers will initially share use of the Arrive smart
mailboxes. Customers will receive unique personal identification
numbers, so only they can access the mailbox to retrieve their
orders, with Arrive’s proprietary technology ensuring accurate
deliveries. More Arrive mailboxes will be added over time as demand
increases, Doumith said.
Arrive CEO Dan O’Toole said the deployment of Arrive mailboxes
in Antigua results from Arrive’s recent acquisition of Airbox
Technologies Inc. ("Airbox") and its patent portfolio. Airbox had a
pre-existing relationship with AllMart but had yet to begin
facilitating deliveries.
“We acquired Airbox to enhance our own, first-position patent
portfolio but also to speed up our deployment plans,” O’Toole said.
“Moderate regulations and more open skies make Antigua an ideal
testing ground and will quickly demonstrate to the world how our
Mailbox-as-a-Service platform and autonomous delivery will
transform the last mile of package delivery.”
As deployment of Arrive’s smart mailboxes is being executed over
the coming months, O’Toole noted his team is also working to add
autonomous delivery to AllMart’s delivery options. “We’re hoping to
expand the number of units on the ground, delivery modes and
service options very quickly,” he said.
AllMart is a subsidiary of ACT Antigua, which sells a wide array
of consumer goods including food, alcohol, medicine, tools and home
décor. It currently offers island-wide, fast on-demand or scheduled
order delivery via human drivers. Autonomous delivery could hasten
the delivery time, provide a secure space for the items, and
enhance efficiency as drivers would no longer have to search for
specific apartments or remote locations.
Merger Between Arrive and BrüushOn December 14, 2023,
Arrive and Brüush entered into an agreement and plan of merger (the
“Merger”). The business combination, conducted in the form of a
reverse triangular merger via an all-stock transaction, includes
the registration of the securities issued by the continuing
surviving corporation ("Surviving Corporation") upon the closing of
the Merger. The Surviving Corporation will focus on the
advancement and implementation of Arrive's smart
Mailbox-as-a-Service platform that makes the exchange of goods
between people, robots and drones frictionless through the use of
artificial intelligence. The Surviving Corporation is expected to
operate under the name Arrive Technology Inc., with its shares
listed on the Nasdaq Capital Market under the ticker symbol ‘ARRV'.
The Merger is expected to close in the second quarter of 2024,
subject to customary closing conditions.
Additional details and support documents about the Merger have
been provided in Form 6-K and Form F-4 filed by Brüush with the
Securities and Exchange Commission (“SEC”) publicly available at
www.sec.gov.
About Arrive Technology Inc.Headquartered in
Indianapolis, Indiana, Arrive (formerly Dronedek) is a technology
company focused on facilitating the last inch of the last-mile for
autonomous delivery. Founded by serial entrepreneur Dan O'Toole,
Arrive’s smart Mailbox-as-a-Service platform makes the exchange of
goods between people, robots and drones frictionless through the
use of artificial intelligence. Arrive’s patented smart mailbox
system leverages climate-assisted cargo space, smart alerts and
advanced chain of custody controls to secure the last inch of the
last-mile for all shippers, delivery services and autonomous
delivery networks. Arrive’s solutions are critically and uniquely
positioned in the supply chain to leverage its unique data assets
for artificial intelligence to provide users with machine-learning
based insights that can aid businesses and consumers to lower
logistical costs and capture new growth opportunities, among other
benefits.
Forward-Looking StatementsThis press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements are subject to risks and
uncertainties that may cause actual results or events to differ
materially from those projected. Readers are cautioned not to place
undue reliance on forward-looking statements, which speak only as
of the date herein. Such statements are based upon current plans,
estimates and expectations of the management of Arrive in light of
historical results and trends, current conditions and potential
future developments, and are subject to various risks and
uncertainties that could cause actual results to differ materially
from such statements. The inclusion of forward-looking statements
should not be regarded as a representation that such plans,
estimates and expectations will be achieved. Words such as
"anticipate," "expect," "project," "intend," "believe," "may,"
"will," "should," "plan," "could," "continue," "target,"
"contemplate," "estimate," "forecast," "guidance," "predict,"
"possible," "potential," "pursue," "likely," and words and terms of
similar substance used in connection with any discussion of future
plans, actions or events identify forward-looking statements.
No Offer or SolicitationThis communication shall not
constitute an offer to sell or the solicitation of an offer to buy
any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the U.S. Securities Act of 1933, as
amended.
Media Relations ContactCheryl Reedcheryl@arrive.tech
Sources: Arrive Technology Inc.
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