English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 19 July 2022, 21:30 HKT/SGT
Share:
    

Source: Tracxpoint, LLC
Elevating a 'Simple' Shopping Cart Security Lock with the Power of Artificial Intelligence
Tracxpoint transforms a simple cart locking device, into a Powerful, Intelligent System, with Data Connectivity, Location Services, Personalization and more.

HAIFA, Israel, July 19, 2022 - (ACN Newswire) - In a new 'twist' on the traditional "Coin-Operated Trolley Lock", used by supermarkets around the globe, Tracxpoint has now developed the T-Loc(R), an Intelligent Locking Device for standard shopping trolleys, that is more secure and 100% connected to supermarket data systems.

Tracxpoint's T-Loc(R) and CHECXiN(R) Terminal with connected shopping trolleys.

Single Tracxpoint T-Loc(R) attache to a trolley.

"With the rollout of our Daivi(R) Smart Cart and CHECXiN(R) Cart Management products, we received many inquiries from budget-conscious grocers about the possibility of 'getting their feet wet' with a less robust solution. Several retailers were already using coin-operated locks, so our Engineers decided to 're-imagine' this type of security device to connect with our AI-Driven ecosystem." said, Gidon Moshkovitz, Chief Strategy Officer of Tracxpoint. "T-Loc(R) may appear as a simple chain-locking mechanism, but the data and insight it provides to store operators is exceptionally valuable and unmatched."

The T-Loc(R) can be unlocked by scanning a QR Code printed on the main housing using the stores' Rewards/Loyalty mobile app, or by the traditional use of inserting a coin for guest shoppers. Once unlocked, the device begins sending data to store servers; such as the location of the trolley, and duration of a shoppers' visit, which combines to generate daily store Heat Maps, providing managers with great insight into customer movement and store layout analytics.

With the ability for T-Loc(R) to broadcast its coordinates, locating abandoned trolleys outside of the store or retrieving a 'remote count' of trolleys in-or-near a return kiosk is as easy as turning on the Television. Aside from the built-in WAY(R) Indoor Positioning System, T-Loc(R) also broadcasts a unique signal to area CHECXiN(R) terminals, to not only identify its proximity, but via daisy-chain connectivity, the proximity of other trolleys that may be too far away to directly connect with the CHECXiN(R) terminal; effectively reducing theft or loss.

Anti-theft and General Analytics are not the only features of the T-Loc(R). Like the Daivi(R) Smart Cart, shoppers using a stores' mobile app may earn rewards for safely returning and re-locking the trolley, while also receiving personalized and location-based coupons during their shopping journey. Coupons may be accessed within the store's mobile app itself and scanned at checkout. No personally identifiable data is ever collected or shared.

With less required infrastructure and easy installation, Tracxpoint's T-Loc(R) intelligent locking device provides grocery retailers with a solid foundation to begin generating customer data and insights to refine operation, while securing the fleet, at minimal cost.

Tracxpoint is set to deploy the AI-Driven T-Loc(R) units, in Q4, 2022.

Additional details may be found on the Tracxpoint website https://tracxpoint.com/products-and-systems/t-loc/

About Tracxpoint

Tracxpoint is a leading global provider of next-generation grocery and retail self-checkout solutions, and the inventor of the Daivi(R) Artificial Intelligent Shopping companion, which is the world's first, and only, AI-Computer Vision smart cart that can see and recognize products as well as the human eye. Established in 2016, Tracxpoint is headquartered in Coral Gables, Florida, USA with R&D/Sales Offices in Haifa, Israel. For more information about the company, leadership, and products, please visit https://tracxpoint.com.

CONTACT:
scott ilg
Marketing & Communications
+1 (786) 383-2553
scott.ilg@tracxpoint.com

SOURCE: Tracxpoint, LLC

Topic: Press release summary
Source: Tracxpoint, LLC

Sectors: Media & Marketing, Retail & eCommerce, Cloud & Enterprise, Wireless, Apps, Digitalization, Artificial Intel [AI]
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
Gain Therapeutics Doses First Participant in Phase 1b Clinical Trial of GT-02287 in Parkinson's Disease  
Mar 16, 2025 01:30 HKT/SGT
Habitat for Humanity offers up to US$40,000 in grants for innovative youth-led housing solutions in Asia-Pacific  
Mar 16, 2025 00:30 HKT/SGT
SRKay Consulting Group Unveils Research on Why New-Shoring is Replacing Traditional Offshoring  
Mar 16, 2025 00:25 HKT/SGT
Future of airport operations to take centre stage at inter airport Southeast Asia conference  
Mar 15, 2025 23:58 HKT/SGT
Brawijaya University Lecturer Develops IoT-based Chicken Coop Monitoring System  
Mar 15, 2025 23:00 HKT/SGT
Trust Swiftly Launches AI-Fighting Identity Verification Platform with Public Bounty Challenge  
Mar 15, 2025 09:00 HKT/SGT
Lit Studios enters into MOU with Bingo Group, a Hong Kong listed company  
Mar 14, 2025 20:45 HKT/SGT
Approval in Principle (AiP) for the Basic Design of a Large Ammonia-Fueled Ammonia Carrier Obtained from Classification Society  
Friday, March 14, 2025 5:37:00 PM
Toyota Launches All-New Crown Estate in Japan  
Friday, March 14, 2025 4:22:00 PM
Probowangi Toll Road Package 3 Reaches 74.9% Completion, WIKA Supports Logistics Efficiency and National Connectivity  
Mar 14, 2025 16:00 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575