PALM BEACH, Florida, May 14, 2018
The robots are coming, whether we are ready or not and the trend is clear: robots will increasingly integrate into our society - at work, at home, in warehouses, hospitals and retail stores, on city streets, industrial parks and the footpaths of college campuses. As these increasingly versatile machines start to roll out or walk out of the laboratories, the global robotics and automation market is forecasted to grow from $64 billion to $1.2 trillion in the next ten years. The companies mentioned in today's commentary could be well-positioned to benefit from one of the hottest new markets in technology which includes: Generation Next Franchise Brands, Inc. (OTC: VEND), iRobot Corporation (NASDAQ: IRBT), Intuitive Surgical, Inc. (NASDAQ: ISRG), Cognex (NASDAQ: CGNX), Aptiv PLC (NYSE: APTV).
Generation Next Franchise Brands, Inc. is the developer of the world's first fully-automated robotic frozen yogurt vending kiosk designed to disrupt brick and mortar competitors like Menchies and Yogenfruz. These "unattended" robots eliminate the need for costly rents, employees, food safety measures and are capable of operating 24-hours a day. The robots have the ability to accept payments of all kinds, even cryptocurrency. The company recently announced orders exceeding $47.6 million in the last 60 days, making it one of the fastest growing consumer robotics companies focused on disrupting traditional retail.
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