Arrive
Partners with AllMart Marketplace to Launch its
Smart
Mailbox Solution in Antigua
Autonomous
delivery testing expected to follow in second half of 2024
VANCOUVER,
BC and INDIANAPOLIS, IN -- February 8, 2024 – InvestorsHub NewsWire
-- Bruush Oral Care Inc. (Nasdaq: BRSH) ("Brüush") announced today that its
pending merger partner, Arrive Technology Inc. ("Arrive"), a
technology company focused on facilitating the last inch of the
last-mile for autonomous delivery, has signed an agreement with
AllMart Marketplace ("AllMart") to initially deploy up to 25 Arrive
smart mailboxes to facilitate secure deliveries on the island
nation of Antigua.
AllMart,
an online retailer currently making approximately 120,000
deliveries per year to consumers in Antigua
will offer customers, by the month of May, the option for 'secure
delivery' in addition to the current choices of 'leave it at my
door' or 'hand it to me'.
"We're
very pleased to add this improved service to our clients, who
sometimes cannot be at home to receive deliveries and are forced to
contend with damage from weather, animals or other issues that can
occur when a package is simply left at your door," said Andrew
Doumith, AllMart's Head of Operations. "We look forward to our
partnership with Arrive leading to further improvements, such as
drone delivery, in the future."
AllMart
consumers will initially share use of the Arrive smart mailboxes.
Customers will receive unique personal identification numbers, so
only they can access the mailbox to retrieve their orders, with
Arrive's proprietary technology ensuring accurate deliveries. More
Arrive mailboxes will be added over time as demand increases,
Doumith said.
Arrive
CEO Dan O'Toole said the deployment of Arrive mailboxes in Antigua
results from Arrive's recent acquisition of Airbox Technologies
Inc. ("Airbox") and its patent portfolio. Airbox had a pre-existing
relationship with AllMart but had yet to begin facilitating
deliveries.
"We
acquired Airbox to enhance our own, first-position patent portfolio
but also to speed up our deployment plans," O'Toole said. "Moderate
regulations and more open skies make Antigua an ideal testing
ground and will quickly demonstrate to the world how our
Mailbox-as-a-Service platform and autonomous delivery will
transform the last mile of package delivery."
As
deployment of Arrive's smart mailboxes is being executed over the
coming months, O'Toole noted his team is also working to add
autonomous delivery to AllMart's delivery options. "We're hoping to
expand the number of units on the ground, delivery modes and
service options very quickly," he said.
AllMart
is a subsidiary of ACT Antigua, which sells a wide array of
consumer goods including food, alcohol, medicine, tools and home
décor. It currently offers island-wide, fast on-demand or scheduled
order delivery via human drivers. Autonomous delivery could hasten
the delivery time, provide a secure space for the items, and
enhance efficiency as drivers would no longer have to search for
specific apartments or remote locations.
Merger Between Brüush and Arrive
On
December 14, 2023, Brüush and Arrive entered into an agreement and
plan of merger (the "Merger"). The business combination, conducted
in the form of a reverse triangular merger via an all-stock
transaction, includes the registration of the securities issued by
the continuing surviving corporation ("Surviving Corporation") upon
the closing of the Merger.
The
Surviving Corporation will focus on the advancement and
implementation of Arrive's smart Mailbox-as-a-Service platform that
makes the exchange of goods between people, robots and drones
frictionless through the use of artificial intelligence. The
Surviving Corporation is expected to operate under the name Arrive
Technology Inc., with its shares listed on the Nasdaq Capital
Market under the ticker symbol 'ARRV'. The Merger is expected to
close in the second quarter of 2024, subject to customary closing
conditions.
Additional
details and support documents about the Merger have been provided
in Form 6-K and Form
F-4
filed by Brüush with the Securities and Exchange Commission ("SEC")
publicly available at www.sec.gov.
About Arrive Technology Inc.
Headquartered
in Indianapolis, Indiana, Arrive (formerly Dronedek) is a
technology company focused on facilitating the last inch of the
last-mile for autonomous delivery. Founded by serial entrepreneur
Dan O'Toole, Arrive's smart Mailbox-as-a-Service platform makes the
exchange of goods between people, robots and drones frictionless
through the use of artificial intelligence. Arrive's patented smart
mailbox system leverages climate-assisted cargo space, smart alerts
and advanced chain of custody controls to secure the last inch of
the last-mile for all shippers, delivery services and autonomous
delivery networks. Arrive's solutions are critically and uniquely
positioned in the supply chain to leverage its unique data assets
for artificial intelligence to provide users with machine-learning
based insights that can aid businesses and consumers to lower
logistical costs and capture new growth opportunities, among other
benefits.
Forward-Looking Statements
This
press release contains forward-looking statements within the
meaning of the federal securities laws. Such statements are based
upon current plans, estimates and expectations of the management of
Brüush and Arrive in light of historical results and trends,
current conditions and potential future developments, and are
subject to various risks and uncertainties that could cause actual
results to differ materially from such statements. The inclusion of
forward-looking statements should not be regarded as a
representation that such plans, estimates and expectations will be
achieved. Words such as "anticipate," "expect," "project,"
"intend," "believe," "may," "will," "should," "plan," "could,"
"continue," "target," "contemplate," "estimate," "forecast,"
"guidance," "predict," "possible," "potential," "pursue," "likely,"
and words and terms of similar substance used in connection with
any discussion of future plans, actions or events identify
forward-looking statements. All statements, other than historical
facts, including statements regarding the expected timing of the
closing of the merger; the ability of the parties to complete the
proposed transaction considering the various closing conditions of
the merger; the expected benefits of the merger; the competitive
ability and position of the company after the transaction
contemplated; and any assumptions underlying any of the foregoing,
are forward-looking statements. Additional factors that may affect
the future results of Brüush are set forth in its filings with the
United States Securities and Exchange Commission, including
Brüush's most recently filed Annual Report on Form 20-F, current
reports on Form 6-K and other filings with the SEC, which are
available on the SEC's website at www.sec.gov. The risks and
uncertainties described above and in the SEC filings are not
exclusive and further information concerning Brüush and Arrive and
their respective businesses, including factors that potentially
could materially affect their respective businesses, financial
conditions or operating results, may emerge from time to time.
Readers are urged to consider these factors carefully in evaluating
these forward-looking statements and not to place undue reliance on
any forward-looking statements. Readers should also carefully
review the risk factors described in other documents that Brüush
and Arrive files from time to time with the SEC. The
forward-looking statements in this release speak only as of the
date of this release. Except as required by law, Brüush and Arrive
assume no obligation to update or revise these forward-looking
statements for any reason, even if new information becomes
available in the future.
No Offer or Solicitation
This
communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the U.S.
Securities Act of 1933, as amended.
Media Relations Contact
Cheryl
Reed
cheryl@arrive.tech
Sources:
Bruush
Oral Care Inc. and Arrive Technology Inc.