Arrive Technology announced that it has signed an agreement with AllMart Marketplace 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. Arrive CEO Dan O’Toole said the deployment of Arrive mailboxes in Antigua results from Arrive’s recent acquisition of Airbox Technologies 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.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BRSH:
