Updates, milestones, and links shared by NowCuisine.
A ~$2B firm approached us with a huge pain point they're having in providing healthy meals at reasonable cost Their leadership experienced our kiosk meals firsthand, tried our competitors, and chose our solution. We just signed a non-exclusive, recurring revenue contract with them.
The contract covers a pilot with 6-8 ZipKitchen™ kiosks in Q4 '26, then deploying up to 3 (possibly even 7) machines per month. Over the 1st year of deployment, we could see sizeable revenue from this contract alone. When combined with 3 similar enterprise wins, we expect >$4M TTM revenue with positive cash flow in ~2 years.
NowCuisine's new VP has a decades-long career working in the foodservice industry.
Our Production ZipKitchen--with many improvements over the Beta unit we piloted at Capital Factory-- is now up and running, running demos driven by our proprietary software.
Our soft launch at Capital Factory/Station Austin (at the Austin downtown Omni Hotel) was a great success. People were really excited about having affordable, restaurant-quality food at their fingertips, and really loved the food. Video at https://docsend.com/view/wi649qakz4gybq74.
Our first U.S. patent was issued. Within our extensive portfolio we have additional pending U.S. nonprovisional patents and foreign filings.