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Associated Press
3 days ago
- Business
- Associated Press
Sagtec Unveils AI-Powered Robotics Platform to Redefine Front-of-House Dining Operations
KUALA LUMPUR, Malaysia, June 03, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), a technology innovator in customizable software and AI systems, today announced the commercial launch of its AI-powered robotics platform, engineered to transform front-of-house operations across the global hospitality sector. Designed to address one of the industry's most pressing challenges: labor-intensive service operations, the platform combines autonomous robotics, proprietary AI algorithms, and real-time software orchestration. With early traction from multinational restaurant groups and franchise chains, Sagtec is positioning this solution as a foundational pillar for intelligent automation in dining environments. 'This launch represents more than just a new product; it's a leap forward in hospitality automation. Our AI-powered platform evolves with each deployment, enhancing user experience, brand personalization, and service efficiency. We are targeting over 500 new robotic kiosk subscriptions within the next 12 months, supported by growing demand across Southeast Asia and the Middle East,' said Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec. Key features of the platform include: The platform is structured to generate high-margin, recurring revenue through multiple monetization streams: This launch marks a significant expansion of Sagtec's total addressable market (TAM) and strengthens the Company's long-term earnings visibility. According to Fortune Business Insights, the global service robotics market is projected to exceed US$90.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 19.2% from 2025. Sagtec's offering is strategically positioned to capitalize on this momentum, particularly as the hospitality sector faces a projected shortfall of 14 million workers by 2030, according to the World Economic Forum. By entering the intelligent robotics space, Sagtec is establishing itself as a key AI systems provider within one of the fastest-growing automation segments. With a scalable SaaS-style licensing model, flexible hardware leasing, and enterprise-grade customization, the Company is building a defensible, multi-layered ecosystem designed to deliver predictable, repeatable revenue growth in the years ahead. About Sagtec Global Limited Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries. Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd. For more information on the Company, please log on to Contact Information: Sagtec Global Limited Contact: Ng Chen Lok Chairman, Executive Director & Chief Executive Officer Phone: +6011-6217 3661 Email: [email protected] A photo accompanying this announcement is available at
Associated Press
25-04-2025
- Business
- Associated Press
Sagtec Global to Announce Fiscal Year 2024 Financial Results on April 30, 2025
KUALA LUMPUR, Malaysia, April 25, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), today announced that it will release its financial results for fiscal year 2024, ended December 31, 2024, before markets open on April 30, 2025. Sagtec's management team will hold an earnings call at 08:00 a.m. Eastern Time on April 30, 2025, to discuss the Company's financial and business outlook. What: Sagtec Global Limited Announces Fiscal Year 2024 Financial Results and Q&A Webcast When: Wednesday, April 30, 2025 Time: 8:00 a.m. Eastern Time / 8:00 p.m. Malaysia Time Webcast: Registration link: Approximately 24 hours after the Q&A session, an archived version will be available on the Company's website for approximately twelve months thereafter. 'We are excited and look forward to sharing the progress and growth our company has experienced during the fiscal year 2024 with our investors,' said Kevin Ng, Chairman, Executive Director and Chief Executive Officer of Sagtec. About Sagtec Global Limited Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries. Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd. For more information on the Company, please log on to Contact Information: Sagtec Global Limited Contact: Ng Chen Lok Chairman, Executive Director & Chief Executive Officer Telephone +6011-6217 3661 Email: [email protected]
