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Dragontail Systems (ASX:DTS) signs MSA with Food Delivery Brands

Consumer Discretionary
ASX:DTS
01 October 2020 17:01 (AEST)
Dragontail Systems (ASX:DTS) - Managing Director, Ido Levanon

Source: Chinaerf

Dragontail Systems (DTS) has signed a master services agreement (MSA) with Food Delivery Brands Group, S.A. to deploy its Algo Platform across Latin America.

The Algo Platform will be initially be deployed across Pizza brand stores and Food Delivery Brands is pleased to be implementing the platform.

“After witnessing Dragontail’s success with its Algo Platform around the world, we are excited to implement the platform as our chosen leading technology to our stores.

“We see Dragontail as our strategic partner, and will jointly act to intensively promote our market presence,” the company announced to the market.

Dragontail’s Algo Platform uses a sophisticated optimisation algorithm that manages the processes of food handling and delivery.

The system looks at every order location, driver location and meal status, eliminating the need for a human manager. Dragon

It calculates every single second and displays the best possible decisions in the kitchen, service, and dispatch areas.

Restaurants that have implemented Algo have seen significant improvements in the overall operation, customer service, and online tracking, as well as reduced labour costs.

After the successful completion of integration into the first Latin America market, Dragontail will aim to roll-out Algo in other markets.

Dragontail is up 4.55 per cent and shares are trading for 11.5 cents each at 4:03 pm AEST.

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