-Solution improves space utilization to 75%, more than three times that of 
traditional warehouses

Megvii Technology Limited has partnered with self-service storage operator 
Storefriendly to deploy an unmanned warehouse storage solution in Singapore. 
The solution leverages Megvii's proprietary technology and smart logistics 
capabilities to provide more convenient, secure, and reliable self-storage 
services to customers. It is designed to optimize warehouse and storage space 
utilization, particularly amid growing demand for flexible storage options in 
densely populated communities and commercial hubs.

In operation for over a year, Storefriendly's unmanned warehouse storage 
solution has been tested and proven to be effective. It is powered by Megvii's 
smart logistics platform HETU, facial authentication solution FaceID, logistics 
robots, and e-lock capabilities. Megvii customized and deployed a cloud-based 
system for Storefriendly that allows storage managers to effectively oversee 
various warehouse processes, including real-time optimal path planning for 
logistics robots, inventory retrieval, and resource allocation. The solution 
also encompasses automatic user authentication and access control powered by 
FaceID, and real-time alerts for various emergencies that could occur in a 
warehouse setting, including security breaches, thefts, or fires. As a result, 
Storefriendly has been able to achieve a space utilization rate of 75%, more 
than three times that of traditional warehouses, with only 20% of the original 
labor expenditure. 

"We are excited to help Storefriendly deploy a warehouse storage solution that 
leverages the power of smart logistics to strengthen operational efficiency and 
further enhance the customer experience," said Xu Qingcai, General Manager of 
Megvii Logistic Business Group. "This partnership underscores how our 
technology can solve tangible real-life problems and pain points encountered by 
businesses across the globe."

Marco Yip, Head of Sales and Marketing at Storefriendly, said, "This new 24/7 
unmanned warehouse storage solution has played a pivotal role in optimizing 
cost, streamlining operational processes, and efficiently allocating resources 
across our warehouses. Leveraging Megvii's proprietary technologies and 
capabilities, we will continue to focus on serving our customers across 
Singapore and providing them with an array of flexible, convenient storage 
options."

About Megvii 

Established in 2011, Megvii is a world-class AI company with a core competency 
in deep learning. Leveraging its proprietary AI productivity platform Brain++, 
Megvii focuses on three key verticals: Personal IoT, City IoT, and Supply Chain 
IoT.


SOURCE: Megvii