Arrive AI Secures Another Key Patent for its Smart Mailbox-Anchored Autonomous Last-Mile Delivery Solutions Platform
'This element of our service delivery will be key for the healthcare industry for items like tissue samples and pharmaceuticals while also being a great convenience for other consumers,' said Arrive CEO Dan O'Toole, who originally envisioned his product as
supporting the retail product and food industries. 'The potentially life-saving aspects of this service make this work so fulfilling and transformative for the healthcare industry. We're inspired every day by the improvements autonomous delivery can offer.'
The patent covers features hot and cold temperature control and preservation of goods before and after delivery; battery charging and exchange station; a collector to identify explosive materials, anthrax, etc…; ultraviolet system to eradicate disease, virus and harmful materials; an ozone applicator to eradicate disease, virus and harmful materials; weather monitoring; tag and track of vehicles and packages; facial recognition camera and software for pets and humans; and local two-way speakers; LED lights that strobe flash, and a flood light.
'Continued focus on our intellectual property makes our Arrive Points more than just smart devices,' O'Toole said. 'We offer a brand-new platform with great potential for data tracking and other services, along with a universal access point for the entire autonomous logistics industry.'
O'Toole first filed for patent protection of his smart mailbox concept in 2014, edging Amazon by four days and other industry leaders by weeks. That foundational patent was secured in 2017. In addition to the basic design and temperature control element, Arrive AI's other U.S. patents cover drone delivery management and tethering, anti-theft mechanisms and intelligent chain-of-custody control.
Arrive AI has 58 patents pending for its ALM solution filed across 22 countries and has secured several trademarks. See details at https://www.arriveai.com/intellectual-property.
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About Arrive AI: Arrive AI's patented Autonomous Last Mile (ALM) platform enables secure, efficient delivery to and from a smart, AI-powered mailbox, whether by drone, ground robot or human courier. The platform provides real-time tracking, smart logistics alerts and advanced chain of custody controls to support shippers, delivery services and autonomous networks. By combining artificial intelligence with autonomous technology, Arrive AI makes the exchange of goods between people, robots and drones frictionless and convenient. Its system integrates with smart home devices such as doorbells, lighting and security systems to streamline the entire last-mile delivery experience. Learn more at www.arriveai.com.
Cautionary Note Regarding Forward Looking Statements
This news release and statements of Arrive AI's management in connection with this news release or related events contain or may contain 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as 'expects', 'anticipates', 'intends', 'plans', 'believes', 'potential', 'will', 'should', 'could', 'would' ,'optimistic' or 'may' and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors which may be beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Potential investors should review Arrive AI's public filings for more complete information, including the risk factors that may affect future results, which are available for review at www.sec.gov. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
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Investor Relations Contact: Niu Technologies E-mail: [email protected] _______________________________________ 1 Adjusted net income (loss) (non-GAAP) is defined as net income (loss) excluding share-based compensation expenses 2 Revenues per e-scooter on e-scooter sales from China or international markets is defined as e-scooter sales revenues from China or international markets divided by the number of e-scooters sold in China or international market in a specific period 3 Revenues per e-scooter on accessories, spare parts and services is defined as accessories, spare parts and services revenues divided by the total number of e-scooters sold in a specific period 4 Adjusted net income (loss) margin is defined as adjusted net income (loss) (non-GAAP) as a percentage of the revenues
