PR85249

BEIJING, Aug. 25, 2020 /PRNewswire=KYODO JBN/ --

-Solution improves space utilization to 75%, more than three times that of

traditional warehouses

Megvii Technology Limited has partnered with self-service storage operator

Storefriendly to deploy an unmanned warehouse storage solution in Singapore.

The solution leverages Megvii's proprietary technology and smart logistics

capabilities to provide more convenient, secure, and reliable self-storage

services to customers. It is designed to optimize warehouse and storage space

utilization, particularly amid growing demand for flexible storage options in

densely populated communities and commercial hubs.

In operation for over a year, Storefriendly's unmanned warehouse storage

solution has been tested and proven to be effective. It is powered by Megvii's

smart logistics platform HETU, facial authentication solution FaceID, logistics

robots, and e-lock capabilities. Megvii customized and deployed a cloud-based

system for Storefriendly that allows storage managers to effectively oversee

various warehouse processes, including real-time optimal path planning for

logistics robots, inventory retrieval, and resource allocation. The solution

also encompasses automatic user authentication and access control powered by

FaceID, and real-time alerts for various emergencies that could occur in a

warehouse setting, including security breaches, thefts, or fires. As a result,

Storefriendly has been able to achieve a space utilization rate of 75%, more

than three times that of traditional warehouses, with only 20% of the original

labor expenditure.

"We are excited to help Storefriendly deploy a warehouse storage solution that

leverages the power of smart logistics to strengthen operational efficiency and

further enhance the customer experience," said Xu Qingcai, General Manager of

Megvii Logistic Business Group. "This partnership underscores how our

technology can solve tangible real-life problems and pain points encountered by

businesses across the globe."

Marco Yip, Head of Sales and Marketing at Storefriendly, said, "This new 24/7

unmanned warehouse storage solution has played a pivotal role in optimizing

cost, streamlining operational processes, and efficiently allocating resources

across our warehouses. Leveraging Megvii's proprietary technologies and

capabilities, we will continue to focus on serving our customers across

Singapore and providing them with an array of flexible, convenient storage options."

About Megvii

Established in 2011, Megvii is a world-class AI company with a core competency

in deep learning. Leveraging its proprietary AI productivity platform Brain++,

Megvii focuses on three key verticals: Personal IoT, City IoT, and Supply Chain IoT.

SOURCE: Megvii