Beijing, 25th August, 2020 – Megvii Technology Limited haspartnered with self-service storage operator Storefriendly to deploy anunmanned warehouse storage solution in Singapore. The solution leveragesMegvii’s proprietary technology and smart logistics capabilities to providemore convenient, secure, and reliable self-storage services to customers. It isdesigned to optimize warehouse and storage space utilization, particularly amidgrowing demand for flexible storage options in densely populated communities andcommercial hubs.
In operation for over a year, Storefriendly’s unmanned warehouse storagesolution has been tested and proven to be effective. It is powered by Megvii’ssmart logistics platform HETU, facial authentication solution FaceID, logisticsrobots, and e-lock capabilities. Megvii customized and deployed a cloud-based systemfor Storefriendly that allows storage managers to effectively oversee variouswarehouse processes, including real-time optimal path planning for logisticsrobots, inventory retrieval, and resource allocation. The solution alsoencompasses automatic user authentication and access control powered by FaceID,and real-time alerts for various emergencies that could occur in a warehousesetting, including security breaches, thefts, or fires.As a result, Storefriendly has been able to achieve a space utilization rate of75%, more than three times that of traditional warehouses, with only 20% of theoriginal labor expenditure.
“We are excited to help Storefriendly deploy a warehouse storagesolution that leverages the power of smart logistics to strengthen operationalefficiency and further enhance the customer experience,” said Xu Qingcai, GeneralManager of Megvii Logistic Business Group. “This partnership underscores howour technology can solve tangible real-life problems and pain pointsencountered by businesses across the globe.”
Marco Yip, Head of Sales and Marketing at Storefriendly, said, “This new24/7 unmanned warehouse storage solution has played a pivotal role inoptimizing cost, streamlining operational processes, and efficiently allocatingresources across our warehouses. Leveraging Megvii’s proprietary technologiesand capabilities, we will continue to focus on serving our customers acrossSingapore and providing them with an array of flexible, convenient storageoptions."
About Megvii
Established in 2011, Megvii is a world-class AI companywith a core competency in deep learning. Megvii has developed a proprietary AIproductivity platform Brain ++ and open-sourced its core deep learningframework MegEngine to allow global developers to create AI solutions forindustrial and commercial scenarios.
At the heart of Megvii’s strategy is developing and commercializingcutting-edge AI technologies. Megvii focuses on three key verticals: PersonalIoT, City IoT, and Supply Chain IoT, and provides full-stack solutions tocustomers, integrating algorithms, software, hardware, and AI-empowered IoTdevices. Megvii’s solutions are designed to solve real life problems and pain points,from improving user experience on personal devices to making cities andcommunities safer and more efficient, and powering the digital transformationof industrial and logistics businesses.
