Warning: call_user_func_array() expects parameter 1 to be a valid callback, no array or string given in /home/blancheadmin/public_html/wp-includes/class-wp-hook.php on line 298

Fastcorp Showcases Technology for Vending Indstry

comments Comments Off on Fastcorp Showcases Technology for Vending Indstry
By , April 24, 2017 4:44 pm

Fastcorp_Vender-Bot-montage2

Fastcorp updated vending machine  offers vacuum robotic delivery system, revolutionizes vending industry

Fastcorp has an agreement to make frozen machines for U-Vend Inc.’s MLB and NHL ice cream novelties. It’s also making machines for other ice cream brands, including Tastymas, a high-end gelato. Tastymas is placing its Fastcorp machines in China.

Operators can customize Fastcorp venders with optional ambient product display shelves. The latest options, introduced last year, include integrated 10″ or 42″ touchscreens, a 7″ nonintegrated screen and 22″ Wi-Fi media player.

The distinguishing feature of the Fastcorp machine is its vacuum robotic delivery system, which picks up and dispenses products of all shapes and sizes, weighing up to 4 lbs. A little more than a year ago, the company reengineered its robotic vend mechanism. It’s now manufactured and assembled at Fastcorp’s factory in Chester, CT. “We use a higher-quality motor, employ accurate assembly methods and have a more comprehensive testing process for each robot unit, compared to the previous robot generations,” said Fastcorp president Brian Weinstein.

Becoming A Leading in the Vending Industry

comments Comments Off on Becoming A Leading in the Vending Industry
By , April 17, 2017 8:19 am

Becoming a Leader in the Vending Industry through Technology

The NAMA Operator of the Year Award recognizes an individual who has exhibited the highest level of integrity, dedication, and leadership in the convenience services industry. The recipient of this award has a penchant for innovation and embraces industry technology in their business and shows leadership within the vending industry and their community. 

Image result for vending technology images

 

Since 2010, Lance has served as President and CEO of Imperial, a vending, micro market and coffee service operation with branches in Oklahoma, Arkansas and Texas.

Under his leadership, Imperial’s revenue has grown 90 percent, net profit has grown 700% and the company has incorporated cutting-edge technology across the board, with telemetry used across its 11,000 machines.

Dedicated to helping his team succeed, Lance makes talent development and team building a priority to create a culture of collaboration. Prior to his role as President and CEO, Lance served Imperial for nine years in various roles including Sales Representative and Vice President.Image result for vending technology images

Committed to serving the industry more broadly, Lance is a member of NAMA’s Board of Directors and serves as Chair the Executive Forum Task Force, having played a vital role in developing the Forum which launched in 2016. An industry advocate, he is a regular Fly-In participant and active in state council grassroots efforts, helping build awareness on the industry at the federal and state levels. Under his guidance, many Imperial colleagues have also participated in NAMA and state council advocacy efforts and more than 15 employees have completed NAMA’s Supervisor Development Program.

http://www.vendingmarketwatch.com/news/12323378/up-close-a-look-at-2017-operator-of-the-year-lance-whorton

INTELLIGENT VENDING MACHINES

comments Comments Off on INTELLIGENT VENDING MACHINES
By , April 12, 2017 8:55 am

This is an interesting article from Vending Marketwatch on the growning demand of intelligent vending machines, are you switching out outdated vending machines for the new that offer cashless payment?

53848

NEW YORK, March 16, 2017 /PRNewswire/ -FinancialBuzz.com News Commentary

The intelligent vending machines industry is growing rapidly due to raising demand for healthy vended foods and development of cashless payment technology. According to a new report published by Grand View Research, the global intelligent vending machines market is expected to reach USD 11.84 billion by 2025. The increasing penetration of the Internet of Things (loT) into the vending market, provides a more interactive retail experience to customers. In addition, the introduction of new payments technologies, such as Near-field Communication (NFC), drives the growth of the market by offering customers easier and faster ways of payment.

Smartphone_VendingMachine.57e55e971708c

Generation NEXT Franchise Brands (OTC: VEND), Intel Corporation (NASDAQ: INTC), USA Technologies Inc. (NASDAQ: USAT), Crane Company (NYSE: CR), Wal-Mart Stores Inc. (NYSE: WMT) Packaged drinks are the fastest growing segment in the market. According to the report, the market demand for packaged drinks was valued at USD 569.2 million in 2015 and is projected to grow at a CAGR of 14.8% over the forecasted period. Rising focus on healthy lifestyles is a major factor that drives the growth in this segment. Nowadays, drinks such as juices, water and milk are more popular as they are low in calories. The report also indicated that North America dominated the intelligent vending machines market, while Asia Pacific region is growing at the fastest pace over the next nine years. Generation NEXT Franchise Brands (OTCQB: VEND) parent company to Fresh Healthy Vending LLC, the market’s leading healthy-choice vending machine franchise, Reis and Irvy’s, Inc., the world’s first robotic frozen yogurt vending kiosk, 19 Degrees, a corporate-focused frozen yogurt kiosk brand and Generation NEXT Vending Robots, a newly established owner/operator model. The Company hosts over 350 active franchisees throughout the United States, Canada, Puerto Rico and the Bahamasbusiness transformation, support new transaction models, and reduce operating costs. The key building blocks include an Intel® IoT Gateway, vending machine I/O (VMI) board, and vending machine API. This solution provides an ‘all-in-one’ architecture for vending, which eases software management as well as provides a future-proofed compute platform and reduces engineering time through VMI design work available in the Intel Retail IoT Gateway for Intelligent Vending, also supported by an established supply chain. Payment technology provider of cashless and mobile transactions in self-serve retail, USA Technologies Inc. (NASDAQ: USAT), has conducted a six-month study testing targeted point-of-sale advertising of Apple Pay, across 35 vending machines located in New York and Louisiana. Based on the results showing a steady upward trajectory in mobile payment usage, USAT concluded that smartphone users shown digital advertising at point-of-sale through the ePort Interactive platform are more apt to pull out their iPhone to make a purchase, and even spend more. Results were a 36.5% increase in overall sales, 44.6% increase in total transactions, 55.5% increase in revenue through contactless purchases, and 135.2% increase in overall mobile payment usage. Crane Company (NYSE: CR) is the leading global manufacturer of innovative solutions for vending machines, cashless systems, software and wireless communications. Crane Vending Solutions businesses sell to vending operators and food and beverage companies throughout the world. They create value for customers through innovation, reliability, durability and reduced cost of ownership. Crane is the only manufacturer to provide payment solutions, vending management software and wireless communication technology along with its full line of vending equipment. These integrated offerings are indicative of the segment’s innovative, value-producing initiatives. American multinational retailing corporation, Wal-Mart Stores Inc. (NYSE: WMT), subsidiary that is a membership-only retail warehouse club, Sam’s Club, offers over 20 different drink & snack vending machines. Its top selling vending machine is the indoor installation only, ‘Selectivend Advantage Plus Combination Vending Machine’, a delivered ready to plug-in, price and operate. The machine has a premium electronic coin changer accepts $.05 to $1coins. An automatic bill acceptor/stacker accepts $1 and $5 bills. Featuring individual electronic pricing of product from $0 through$99.95, no price labels are needed. A credit/debit card add-on option is available for this machine. Industry leading warranty and support. Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. “The Latest Buzz in Financial News” Subscribe Now! Watch us report from

WordPress Themes