Progressive tech company Dragontail Systems (ASX: DTS) has continued its penetration of the fast food industry with 100 Pizza Hut stores in Belgium to adopt their Algo Platform which has already been adopted by global chains around the world.
The first-of-a-kind Algo Platform can be installed by fast food operators where a series of cameras, GPS tracking and imaging can assist operators with product efficiency geared towards quality control and cost improvements.
In Belgium, Dragontail will rollout the platform in 100 Pizza Hut stores over the next six months, having already successfully launched the system for Pizza Hut in the United Kingdom and Cyprus. Beyond Europe, the Algo Platform is also used by Pizza Hut in Australia, Canada and Singapore whilst competitor pizza chain Dominos use Dragontail’s QT Camera in more than 800 stores across Australia and New Zealand.
The rollout into their third European market coincides with significant commercial interest in Dragontail from U.S Equity firms which entered into a non-binding agreement in January 2020 to raise $20 million for Dragontail’s expansions into the United States – the world’s largest fast food market.
One key functionality of the Algo Platform is its ability to integrate with delivery drivers, enabling food preparation and cooking times to coincide with the arrival of delivery drivers. This function has successfully gone live with DoorDash drivers in the United States but further expansion into the United States would see more delivery services and restaurant chains targeted.
For the 2019 calendar year, Dragontail’s technologies processed more than 6.5 million orders and more than 11.5m individual food items – 10 times more than 2018 – in a market where technology is enabling greater accessibility to fast food than ever before.
Dragontail’s QT Quality Control Camera is patented in the United States already.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
- Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
- Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
- ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024
Leave a Comment
You must be logged in to post a comment.