Tonner Drones signs an LAW to add AI to its Countbot solution

Schiltigheim, November 25, 2024, 8:00 a.m., Tonner Drones (“the Company”) is pleased to announce that it has signed a letter of intent with an Indian IT company to further develop and commercialize the Countbot.

Tonner Drones’ Countbot solution enables customers to take a quantum leap in efficiency in warehouse management. The Countbot can analyze inventory very efficiently and quickly, saving many man-hours.

The Indian IT company has expressed interest in Tonner Drones to enhance the solution by adding software including artificial intelligence to Countbot’s current hardware. Thanks to the collaboration with this Indian partner, Tonner Drones will be able to more easily offer its warehouse product to the Asian and Middle Eastern markets. This partner is in contact with customers already potentially interested in ordering Countbots equipped with AI technology. This collaboration is part of Tonner Drones’ new strategy aimed at finding external partners to develop its products and services, but also to market them, in order to achieve strict control of its costs.

When Tonner Drones last published its results, it wrote down its entire stock. At the same time, the Company indicated that it continues to strive to maximize the value of the assets it holds. The continued development of Countbot constitutes an important step towards value creation. If the collaboration results in orders, it could quickly contribute to Tonner Drones’ turnover and profitability. This could then also generate cash flow, since the starting price per Countbot is around 150,000 euros. Especially since Tonner Drones still has several Countbot in stock.

The annual turnover of the global warehouse market amounts to more than 500 billion euros. However, the sector faces some challenges, including a labor shortage and rising costs. Therefore, there is a strong trend to invest more and more in technologies capable of automating processes, improving quality and increasing the efficiency of logistics and warehouse management. Tonner Drones is witness to this since it sees interesting interest in the Countbot solution. This is a very promising signal, considering that Tonner Drones hasn’t even really started marketing the product in recent months. With the Countbot, Tonner Drones has an excellent solution to meet this type of market demand.

The company will further evaluate Countbot’s development and marketing strategy with its partners in the coming weeks.

“Since my involvement in leading Tonner Drones, I have always been enthusiastic about the Countbot solution.” said Diede van den Ouden, CEO. “Recent developments are increasingly exciting. We could not only improve the functionality of Countbot, but also create a virtuous collaboration that can generate revenue while opening new markets, which could be an opportunity for future growth.”

End of press release.

About Tonner Drones: Tonner Drones develops technologies for the logistics sector. Tonner Drones holds valuable stakes in some promising French drone manufacturers. Tonner Drones’ strategy is to enhance its holdings in these companies through active asset management. Additional revenue can be generated through royalties from patents held by Tonner Drones. Tonner Drones has no plans to own a factory; however, it is determined to keep the R&D of its products and systems in France.

Tonner Drones shares are listed on Euronext Growth Paris (ISIN code: FR001400H2X4).

More information on www.tonnerdrones.com / [email protected]

Financial communication
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Warning

Concerning the merits of any transaction or making any investment decision. It does not constitute or include any confirmation or commitment on the part of Tonner Drones (or any other person) regarding the present or future value of Tonner Drones’ business, its securities, its subsidiaries or any other assets by Thunder Drones.

This press release contains forward-looking statements based on current beliefs and expectations regarding future events. These forward-looking statements may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and/or expectations regarding future financial results, events, operations and services. and product development, as well as statements regarding performance or events. These statements are generally identified by the terms “expect”, “anticipate”, “believe”, “intend”, “estimate”, “plan”, “project”, “may”, “should” or the negative form of these and other similar expressions. These statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions regarding Tonner Drones and its subsidiaries and investments, trends in their businesses, future capital expenditures and acquisitions, developments relating to contingent liabilities , changes in global economic conditions or Tonner Drones major markets, competitive market conditions and regulatory factors. The occurrence of these events is uncertain; their outcome could turn out to be different from that envisaged today, which is likely to significantly affect the expected results. Actual results may differ materially from those anticipated or implied in these forward-looking statements. All forward-looking statements contained in this press release are made as of the date of this press release. Except as required by applicable law, Tonner Drones undertakes no obligation to revise or update any forward-looking statements, taking into account new information or future events.

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  ENG_Tonner Drones signs an LAW to add AI to its Countbot solution