Shekel Brainweigh Ltd. (AU:SBW) has released an update.
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Shekel Brainweigh Ltd. reported steady progress with an increase in orders from the US and Europe and a significant 50% growth in revenues from its Retail Innovation products in the first three quarters of 2024 compared to the same period in 2023. The company’s Sentinel Smart Bay technology, a key component in Hitachi’s CO-URIBA autonomous stores in Japan, is seeing its first commercial deployment with an order of 20 units out of a planned 100 to be completed by March 2025. Despite challenges in certain market segments, Shekel is optimistic about the commercial prospects of Sentinel and continues to see a high backlog in global sales of legacy products.
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