WPFH Subsidiary GrocerIQ Signs Definitive Agreements to Develop and License Grocery Redemption Technologies
GrocerIQ, a subsidiary of WPF Holdings (WPFH), has signed definitive agreements to develop and license advanced grocery redemption technologies. The company will implement two key initiatives: a Grocery Store Redemption Program for voucher management at a Southern California grocery chain, and a Farmers Market Produce Redemption Program targeting Los Angeles County farmers markets.
The company has also secured a licensing agreement to distribute its grocery redemption technologies to additional grocery chains and markets nationwide, which is expected to generate significant revenue. These scalable solutions are designed to expand to other food assistance programs and farmers markets across the country, integrating AI technology to create smarter grocery ecosystems that improve accessibility for underserved populations while supporting local farmers and markets.
GrocerIQ, una filiale di WPF Holdings (WPFH), ha firmato accordi definitivi per sviluppare e licenziare tecnologie avanzate per il riscatto di buoni alimentari. L'azienda attuerà due iniziative chiave: un Programma di Riscatto per Negozi Alimentari per la gestione dei voucher in una catena di supermercati della California del Sud e un Programma di Riscatto per Prodotti dei Mercati Contadini mirato ai mercati contadini della contea di Los Angeles.
L'azienda ha anche ottenuto un accordo di licenza per distribuire le sue tecnologie di riscatto alimentare ad altre catene e mercati in tutto il paese, il che si prevede genererà un reddito significativo. Queste soluzioni scalabili sono progettate per essere ampliate ad altri programmi di assistenza alimentare e mercati contadini in tutto il paese, integrando la tecnologia AI per creare ecosistemi alimentari più intelligenti che migliorano l'accessibilità per le popolazioni svantaggiate mentre supportano i contadini e i mercati locali.
GrocerIQ, una subsidiaria de WPF Holdings (WPFH), ha firmado acuerdos definitivos para desarrollar y licenciar tecnologías avanzadas de canje de productos de supermercado. La empresa implementará dos iniciativas clave: un Programa de Canje en Tiendas de Comestibles para la gestión de vales en una cadena de supermercados del sur de California y un Programa de Canje de Productos de Mercados de Agricultores dirigido a los mercados de agricultores del Condado de Los Ángeles.
La empresa también ha asegurado un acuerdo de licencia para distribuir sus tecnologías de canje de comestibles a otras cadenas de supermercados y mercados en todo el país, lo que se espera genere ingresos significativos. Estas soluciones escalables están diseñadas para ampliarse a otros programas de asistencia alimentaria y mercados de agricultores en todo el país, integrando tecnología de IA para crear ecosistemas alimentarios más inteligentes que mejoren el acceso para poblaciones desatendidas mientras apoyan a los agricultores y mercados locales.
GrocerIQ는 WPF Holdings (WPFH)의 자회사로, 고급 식료품 거래 기술을 개발하고 라이센스하는 확정 계약을 체결했습니다. 이 회사는 두 가지 주요 주제를 실행할 것입니다: 남부 캘리포니아의 식료품 체인을 위한 식료품점 거래 프로그램과 로스앤젤레스 카운티 농산물 시장을 겨냥한 농민 시장 농산물 거래 프로그램입니다.
회사는 또한 전국적으로 추가적인 식료품 체인 및 시장에 대한 식료품 거래 기술을 배포하는 라이센스 계약을 확보했으며, 이는 상당한 수익을 창출할 것으로 예상됩니다. 이러한 확장 가능한 솔루션은 전국의 다른 식품 지원 프로그램 및 농민 시장으로 확대될 수 있도록 설계되었으며, AI 기술을 통합하여 소외된 인구를 위한 접근성을 향상시키고 지역 농민과 시장을 지원하는 더 스마트한 식료품 생태계를 형성합니다.
GrocerIQ, une filiale de WPF Holdings (WPFH), a signé des accords définitifs pour développer et licencier des technologies avancées de rédemption de produits alimentaires. L’entreprise mettra en œuvre deux initiatives clés : un Programme de Rédemption en Magasins Alimentaires pour la gestion des bons dans une chaîne alimentaire du sud de la Californie, et un Programme de Rédemption de Produits des Marchés de Producteurs ciblant les marchés de producteurs du comté de Los Angeles.
L’entreprise a également obtenu un accord de licence pour distribuer ses technologies de rédemption alimentaire à d’autres chaînes de supermarchés et marchés à travers le pays, ce qui devrait générer des revenus significatifs. Ces solutions évolutives sont conçues pour s’étendre à d’autres programmes d’assistance alimentaire et marchés de producteurs à travers le pays, en intégrant la technologie IA pour créer des écosystèmes alimentaires plus intelligents qui améliorent l’accessibilité pour les populations défavorisées tout en soutenant les agriculteurs et les marchés locaux.
GrocerIQ, eine Tochtergesellschaft von WPF Holdings (WPFH), hat endgültige Vereinbarungen unterzeichnet, um fortschrittliche Technologien zur Einlösung von Lebensmitteln zu entwickeln und zu lizenzieren. Das Unternehmen wird zwei wesentliche Initiativen umsetzen: ein Einlösungsprogramm für Lebensmittelgeschäfte zur Verwaltung von Gutscheinen in einer Lebensmittelkette in Südkalifornien sowie ein Einlösungsprogramm für Produkte von Wochenmärkten, das auf die Wochenmärkte im Los Angeles County abzielt.
Das Unternehmen hat außerdem einen Lizenzvertrag gesichert, um seine Technologien zur Einlösung von Lebensmitteln an weitere Lebensmittelketten und Märkte landesweit zu vertreiben, was voraussichtlich erhebliche Einnahmen generieren wird. Diese skalierbaren Lösungen wurden entwickelt, um auf andere Lebensmittelhilfsprogramme und Wochenmärkte im ganzen Land ausgedehnt zu werden, wobei KI-Technologie integriert wird, um intelligentere Lebensmittelökosysteme zu schaffen, die die Zugänglichkeit für unterversorgte Bevölkerungsgruppen verbessern und gleichzeitig lokale Landwirte und Märkte unterstützen.
- Secured licensing agreement expected to generate significant revenue stream
- Expansion potential through scalable solutions for nationwide deployment
- Strategic entry into Southern California grocery chain market
- Development of two distinct market solutions (grocery stores and farmers markets)
- None.
LOS ANGELES, CA / ACCESS Newswire / January 16, 2025 / GrocerIQ, Inc., an AI technology company specializing in grocery solutions and a wholly-owned subsidiary of WPF Holdings, Inc. ("WPFH"), has signed definitive agreements to both develop and license advanced technologies aimed at improving grocery redemption systems and expanding food accessibility. These strategic initiatives highlight GrocerIQ's commitment to addressing critical challenges in the grocery sector while fostering long-term growth and innovation.
Key Initiatives Under the Definitive Agreements:
Grocery Store Redemption Program: As part of the agreements, GrocerIQ will develop a technology platform that enables qualified individuals to seamlessly receive and redeem grocery vouchers. This program will initially be deployed at a Southern California grocery chain, providing greater access to essential groceries for underserved populations.
Farmers Market Produce Redemption Program: Another key initiative outlined in the agreements is the creation of a platform to support voucher management and redemption at local farmers markets in Los Angeles County. This effort will increase the availability of fresh, locally sourced produce while supporting local farmers and strengthening community ties.
Licensing Grocery Redemption Technologies: GrocerIQ has also signed an agreement to license its innovative grocery redemption technologies, allowing broader adoption by additional grocery chains and markets nationwide. This licensing agreement is expected to generate a significant revenue stream for GrocerIQ, further supporting its mission to drive technological advancements and expand its reach.
The technologies being developed and licensed under these agreements are an integral part of GrocerIQ's business model. These scalable solutions are designed to extend to other food assistance programs and farmers markets across the country, ensuring accessibility and efficiency on a broader scale. By embedding adaptability and sustainability into its core operations, GrocerIQ is creating a blueprint for the future of grocery retail.
GrocerIQ is actively integrating solutions into the foundation of the grocery retail landscape. Its innovative platforms simplify the shopping experience for consumers, enhance operational efficiency for businesses, and promote sustainable practices. By integrating advanced artificial intelligence, GrocerIQ is establishing smarter, more responsive grocery ecosystems that directly address the needs of modern communities.
These definitive agreements underscore GrocerIQ's dedication to creating impactful technologies that connect underserved populations with nutritious food. At the same time, these solutions aim to drive economic growth for local markets and farmers by promoting sustainable and inclusive practices.
About WPF Holdings
As a strategic move, WPF Holdings, Inc. has acquired GrocerIQ, Inc. as a wholly owned subsidiary. WPF Holdings intends to change its corporate name to GrocerIQ Holdings, Inc. and will apply to change its ticker symbol to reflect its new identity. This acquisition underscores WPF Holdings' commitment to supporting GrocerIQ's mission of transforming the grocery retail landscape through advanced AI-driven solutions.
About GrocerIQ
GrocerIQ is an AI technology company focused on transforming the grocery retail landscape. Its innovative solutions simplify the shopping experience for consumers, enhance operational efficiency for businesses, and promote sustainable practices. With a mission to create a smarter, more equitable grocery ecosystem, GrocerIQ is revolutionizing how communities access and experience fresh food.
Investor Relations Contact:
WPF Holdings
info@wpf-holdings.com
SOURCE: GrocerIQ Holdings, Inc.
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