Stack Capital Holding Locus Robotics Expands Global Partnership With DHL Supply Chain
May 10 2023 - 10:30AM
Stack Capital Group Inc., (TSX: STCK and STCK.WT) is pleased to
announce that Locus Robotics, Inc. (“Locus”), an existing portfolio
holding, has successfully expanded its business partnership with
DHL Supply Chain (ETR:DPW) (“DHL”), the world’s leading logistics
provider.
Representing the industry’s largest autonomous
mobile robotics (“AMR”) deal to date, DHL will deploy 5,000 Locus
Origin AMRs across its global network of warehouses and
distribution centers, which is expected to be fully integrated into
DHL’s operations by year end. The expanded fleet of Locus AMRs with
advanced automation technology will allow DHL to further optimize
its supply chain operations, improve worker productivity, order
accuracy, speed, and overall efficiency; while enhancing DHL’s
capabilities in e-commerce fulfillment, retail replenishment, and
pharmaceutical & healthcare logistics.
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b3978a2b-94a3-4658-bd1c-2f5933f2c49e
“This exciting announcement further validates
the value and strength of Locus’ industry-leading robotics
technology,” said Jeff Parks, CEO of Stack Capital. “Without
question, Locus has become a critical partner for DHL and is
helping the world’s leading logistics provider digitize its
warehouses, distribution, and fulfillment centers to efficiently
meet the challenges associated with labor shortages, increasing
order volumes, and rising consumer expectations. Stack Capital
remains confident in the outlook for Locus and believes that its
leadership team is on a path to delivering continued growth.”
To access a copy of the Locus announcement
please click here.
About Stack Capital
Stack Capital is an investment holding company
and its business objective is to invest in equity, debt and/or
other securities of growth-to-late-stage private businesses.
Through Stack Capital, shareholders have the opportunity to gain
exposure to the diversified private investment portfolio;
participate in the private market; and have liquidity due to the
listing of the Common Shares and Warrants on the TSX. At the same
time, the public structure also allows the Company to focus its
efforts on maximizing long-term performance through a portfolio of
high growth businesses, which are not widely available to most
Canadian investors. SC Partners Ltd. (the "Manager") has taken the
initiative in creating the Company and acts as the Company's
administrator and is responsible to source and advise with respect
to all investments for the Company.
About Locus Robotics
Locus Robotics is a leading provider of
autonomous mobile robots (AMRs) for e-commerce, retail, and Locus
Robotics is the world leader in revolutionary, enterprise-level,
warehouse automation solution, incorporating powerful and
intelligent autonomous mobile robots (AMRs) that operate
collaboratively with human workers to dramatically improve product
movement and productivity 2–3X. Named to the Inc. 500 two years in
a row, and winning over 17 industry and technology awards, the
Locus solution dramatically increases order fulfillment
productivity, lowers operational costs, and improves workplace
quality, safety, and ergonomics for workers.
Supporting over 100+ of the world’s top brands
and deployed at 250+ sites around the world, Locus Robotics enables
retailers, 3PLs and specialty warehouses to efficiently meet and
exceed the increasingly complex and demanding requirements of
today’s fulfillment environments.
About DHL Supply Chain
DHL Supply Chain is the world's leading
logistics provider. With a global network spanning more than 220
countries and territories, DHL Supply Chain is committed to
connecting people and improving lives through sustainable logistics
solutions. DHL Supply Chain offers a comprehensive range of
services across the entire supply chain, from warehousing and
distribution to transportation and value-added services.
For more information, please visit our website
at www.stackcapitalgroup.com or contact:
Brian ViveirosVP, Corporate Development, and
Investor Relations647.280.3307brian@stackcapitalgroup.com
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