dutch – Asia Tab

SMI Vantage Introduces AI-inspired F&B concept – Robochef

31 10 月, 2022

SINGAPORE, Oct 31, 2022 - (ACN Newswire via SEAPRWire.com) - SMI Vantage Limited, an investment and management company listed on the mainboard of the SGX, today announced it has entered into a binding multi-year franchise agreement with Dutch Oriental Restaurant LLC, to open Robochef F&B outlets in Singapore.This breakthrough AI-driven Robochef will feature machines that will prepare and cook meals that are freshly made on the spot, fast and hassle-free, and importantly, consistent in taste every single time. It will be introduced to malls and residential locations across Singapore and will feature 10-15 rice, noodles, meat and vegetarian dishes to cater to a wide variety of tastes. The menu will be constantly refreshed, depending on the availability of fresh local ingredients, responding to the needs and requirement of local consumers.Artificial Intelligence plays a significant role in the way the dishes are prepared, providing precise cooking times, temperature control, ingredient selection and seasoning, all programmed to produce the perfect dish each time."I am delighted that we are moving forward with this powerful F&B concept, which I believe will excite the marketplace and is entirely consistent with the announcements made on SMI Vantage's new business direction," said Mark Bedingham, President and Chief Executive Officer. "This will be a platform, building on the extensive F&B knowledge and experience within SMI Vantage, and will offer the opportunity for us to grow this business from our Singapore base. In a high labour-cost environment such as Singapore, Robochef is able to keep running costs down and help alleviate manpower constraints and is thus an ideal solution for both customer-facing outlets as well as for central kitchen operations." he added."We are honoured to be in partnership with SMI for our AI Robochef. SMI's strong market and business network would enable our rapid expansion into key markets in Asia Pacific starting with Singapore. Robochef is the world's first Artificial Intelligence-enabled Cloud based system. It not only stores famous creations from global celebrity chefs; but learns, adapts and personalises different cooking styles for localisation. Simply, imagine digital music app store, download your favourite recipe anytime and anywhere to whip up a freshly cooked dish at a touch of a button in no time," said Sandy Tan, Vice President (Asia Pacific), Robochef AI Tech, Dutch Oriental Group of Companies.About SMI VantageSMI Vantage Limited is an investment and management company focused on capitalising on strong trends in the new economy including technology-based SaaS services and other high-tech platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances. https://www.smivantage.com/About Dutch OrientalHeadquartered in Dubai, Dutch Oriental is focused on Robotics, AI Technology in hospitality and F&B. Dutch Oriental is also the Builder and Operator of the Largest & Most Luxurious Mega Yachts, Super Yachts and Cultural Boat Fleets in the United Arab Emirates (UAE). https://dutchoriental.com/For media queries, please reach out to:Waterbrooks Consultants Pte LtdWayne Koo - wayne.koo@waterbrooks.com.sg +65 9338-8166Derek Yeo - derek@waterbrooks.com.sg +65 9791-4707Proud Investor Relations partner: https://www.waterbrooks.com.sg/ and https://www.shareinvestorholdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Elite Partners Makes Maiden Entry into the Dutch Logistics Market with Acquisition of a Warehouse in Netherlands

2 8 月, 2022

Singapore, Aug 2, 2022 - (ACN Newswire via SEAPRWire.com) - Elite Partners Capital has acquired a warehouse in central Netherlands from a private investor. This comes shortly after its acquisition of a distribution facility in Wrexham UK, announced just earlier in the month. This marks the firm's first foray into the Dutch logistics market. The asset is located at Nunspeet, a city just outside the Randstad area in the middle of Netherlands. Located alongside the A28 motorway, it serves as one of multiple industrial/logistics hubs that connects the Randstad area with the northeastern provinces and the northern part of Germany. The asset sits within the Feithenhof business park which has a total size of approximately 27.7 hectares and comprises a mix of local industrial businesses alongside internationally operating occupiers.The warehouse provides a gross floor area of 30,817 sqm on 55,108 sqm of land. It is fully let to B&C International B.V., one of Europe's leading suppliers of custom and ready-made window treatments. B&C is one of North America's Springs Window Fashions' residential brand. The asset is used largely for sorting and distribution and also houses B&C's headquarters. The transaction is part of the second series of EPC's Logistics Fund and is the firm's first acquisition in the Dutch market. "The Netherlands is one of the top logistics markets in Europe, underpinned by efficient ports and well-established logistics infrastructure. We are excited to announce our first acquisition within the Dutch market and look forward to growing our footprint here due to its strong fundamentals and logistics demand," said Mr Victor Song, CEO of Elite Partners Capital. Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.For this transaction, Opal Partners acted for Elite Partners Capital and Cushman & Wakefield acted for the Seller.About Elite Partners CapitalIncorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.Media Contact:enquiries@elitepartnerscapital.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)