VenHub Global, Inc. (NASDAQ: VHUB) shares jumped Friday. The Las Vegas-based company, a leader in fully autonomous Smart Store technology, today highlighted its expansive portfolio of new retail security-focused technologies that are helping to address the many billions of dollars in losses impacting the industry. The six new innovations highlighted are solutions that advance the Company’s Smart Store functionality across the “Advanced Security & Protection Systems” category.
“We are focused on technology innovations for our Smart Stores that address the challenges of traditional retail to empower consumers with an easy and enjoyable shopping experience while also providing quantifiable financial benefits for our Smart Store operators,” said Shahan Ohanessian, CEO at VenHub. “Theft and product shrinkage are two of the most critical challenges for retail operations today as highlighted by a 2023 National Retail Security Survey that quantified more than $100 billion in annual losses due to retail shrinkage inclusive of theft.
“We have prioritized addressing this significant challenge as six of our 24 patent pending applications directly address providing for enhanced security solutions in our Smart Store deployments. Our focus on implementing new forward-thinking technologies in our Smart Stores continues to establish VenHub as the leading provider of autonomous retail today.”
VHUB shares galloped eight cents, or 10.8%, to 87 cents.
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