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Shekel Scales (ASX: SBW), theleader in advanced weighing technology, today launched its smart cart weighingsolution , extending its portfolio of market-leading retailtechnology solutions . Shekel’s smart cart technology enables afirst-of-its-kind frictionless shopping solution to simplify consumershopping experiences and increase security and legal-for-tradeweighing for retailers. The solution weighs both fresh produce andpackaged items, satisfying the retail market need for automatedproduct recognition as the foundation for autonomous and frictionlessretail. Additionally, a recentconsumer survey commissioned by Shekel revealed that 74 percent ofrespondents are very likely or somewhat likely to try a smart cart ifthe option is available to them.
, CEO of Shekel, commented: “Shekel’s weighingtechnology for smart carts truly represents the next technologicaladvancement in the retail smart cart marketsegment expected to reach upwards of $4.5B by 2027 . Our holisticsolution for both security and legal-for-trade shopping is capable ofrecognizing and measuring at high speed and with extreme accuracy,while collecting valuable data to support customers' needs. As aresult, retailers save time and money.”
Shekel’s smart cart technology is a flexibleand robust frictionless shopping solution that improves the efficiencyand security of everyday operations for retailers. The smart weighingsystem consists of a security scale and Shekel’s product recognitiontechnology to measure and identify fresh produce and packaged items athigh speeds with extreme accuracy. These features allow retailers toreduce losses and self-checkout errors, as well as greatly improve thecheckout process and the overall shopping experience for customers.
Leshem continued:“Shekel’s smart cart weighing solution is facilitating theconsumer-driven transition to frictionless 2.0 retail and trulyautonomous shopping. As customers shop, Shekel’s smart cart systemautomatically recognizes and weighs items quickly and accurately whenplaced in the cart. Shoppers can simply choose their products and walkout the door without needing to wait in long checkout lines.”
The smart carttechnology utilizes a plug-and-play configuration to ensure thesolution can be mounted on all common shopping cart designs and can beretrofitted to an existing cart in less than one minute by installingthe NTEP-approved scale on the built-in cart mechanism. The modularSKU identification capability is based on Shekel’s legal-for-tradescale that leverages the company’s propriety big data and AIalgorithms, along with a proven system for learning the distributionof grocery product weights. The solution also captures valuable datathat can be analyzed to help retailers satisfy the current needs andanticipate the future demands of consumers.
Shekel’s comprehensiveretail technology offering, including the new Smart Cart solution,will be on display in booth #4045 during NRF 2023 Breakthrough (Retail’sBig Show) .
About Shekel Scales
Shekel Scalesis an innovative leader at the cutting edge of the global digitalweighing industry for the past five decades. The company’s advancedweighing technologies are installed in nearly one million retailpoints of sale around the globe.
Shekel developed the patented“Product Aware Technology,” which delivers a unique combination ofsophisticated software, artificial intelligence (AI), the Internet ofThings (IoT), and advanced algorithms. This technology is embedded ina range of products used in the retail, medical and industrialmarkets.
Based in Israel, Shekel has worldwide offices andmanufacturing facilities. To learn more, please visit https://shekelonline.com/ andfollow the company on .
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