Latest news with #SOLUM
Yahoo
27-05-2025
- Business
- Yahoo
SOLUM Expands Production Capacity and Accelerates Retail Digitalization Across North America
SOLUM Expands Production Capacity and Accelerates Retail Digitalization Across North America SEOUL, South Korea, May 27, 2025 (GLOBE NEWSWIRE) -- SOLUM, a global leader in electronic shelf labels (ESL) and digital retail solutions, is strengthening its global leadership by scaling production and securing key wins across major retail markets. As demand for smart retail technology continues to rise, SOLUM is emerging as a core enabler of retail digital transformation worldwide. In April 2025, SOLUM's Vietnam manufacturing facility shipped a record 6.26 million ESL units, the highest monthly volume since the site's inception. Production value reached KRW 59.6 billion, marking a 33% increase year-over-year. In May, the company expects shipments to exceed 7 million units, with production value approaching KRW 100 billion—a milestone that could mark the plant's highest monthly performance to date. This output growth is the result of long-term investment in production automation. Since 2020, SOLUM has introduced multi-phase automation lines for ESL performance testing. Its flagship Newton 2.9-inch model is now fully automated, and semi-automated lines have been optimized to further increase output. Despite a 27% reduction in workforce compared to the 2022 average, per-person productivity has improved, supported by tighter quality control. As of 2024, defect rates dropped to 18 ppm, well below industry norms. _____________________ North America: Demonstrating ESL Value in High-Volume Grocery Chains SOLUM has firmly established its North American presence by supplying ESLs to more than 1,000 stores operated by Canada's largest retail group. The implementation has been particularly impactful in grocery environments where product turnover and price variability demand real-time responsiveness. SOLUM's ESL system supports dynamic pricing, automated markdowns, and simultaneous display of member and promotional pricing across thousands of SKUs. 'ESLs deliver their highest value in complex environments like grocery stores, where frequent price changes and high operational demands are the norm. Our partnership with Canada's largest retailer represents a turning point in the region's digital transformation. We're aiming for a 70% market share in Canada's ESL segment,' noted CW Ahn, CEO of SOLUM America. To support this growth, SOLUM has established a local sales entity in Canada and is expanding its technical and sales teams. The company recently signed a new contract with one of Canada's Top 3 grocery groups, further enhancing its leadership in the region. The company's North America lead stated, 'We're evolving from a hardware vendor into a solution partner. Beyond large enterprise clients, our long-term vision includes empowering small and mid-sized retailers to adopt ESL through a SaaS-based platform. Our organizational growth reflects this shift toward platform-driven retail technology.' _____________________ Platform-Led Leadership in Smart Retail As global demand for digital retail solutions accelerates, SOLUM continues to lead through a powerful combination of manufacturing scale, premium quality, and technology integration. Its Newton ESL lineup supports full product customization, while upcoming solutions—including BLE-based trace tags and handheld terminals—will offer retailers greater operational control and visibility. These initiatives mark SOLUM's evolution from a hardware supplier to a platform-based smart retail partner. 'SOLUM isn't just following global retail trends—we're helping shape them,' said Steve Jun, Head of ESL Division, at SOLUM. 'With proven success across North America and Europe, we're committed to delivering intelligent, future-ready solutions that drive the next phase of retail innovation.' A photo accompanying this announcement is available at CONTACT: For media inquiries: solum@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
20-02-2025
- Business
- Associated Press
Redefining Digital Transformation: SOLUM Showcases the Future of Retail Display Innovation at EuroCIS 2025
SOLUM, a global leader in retail technology solutions, presented its latest innovations in digital displays and store automation at trade fair EuroCIS 2025 LONDON, LONDON, UNITED KINGDOM, February 20, 2025 / / -- SOLUM, a global leader in retail technology solutions, presented its latest innovations in digital displays and store automation at EuroCIS 2025, Europe's leading retail technology trade fair. SOLUM demonstrated how its ESL, digital signage, AI analytics, and IoT technologies seamlessly integrate into a unified smart retail platform, enabling store automation, personalised customer engagement, and real-time data-driven decision-making. The BLE Tracking solution, powered by Bluetooth Low Energy communication, enables retailers to analyse customer movement patterns and gather real-time data to optimise store layouts and marketing strategies. Moreover, BLE Wards provides an enhanced shopping experience by detecting customer interactions with advertisements and automatically sharing relevant promotions with them. SOLUM's IoT Trace solution is a BLE-based tracking system designed for real-time asset and inventory management. Trace allows retailers to monitor the location of merchandise, and distribution centre assets, reducing stock shortages and streamlining store operations. To support sustainable retail practices, SOLUM introduced Power Rail, an advanced energy-efficient power supply solution for ESLs, reducing operational costs and environmental impact. Enhancing operational management, the Newton Eye shelf monitoring system is equipped with AI-driven image recognition technology to detect product placement, stock shortages, and planogram compliance issues. This solution provides real-time notifications, improving both operational efficiency and overall customer experience. Steve Jun, Vice President of ESL Solution Business Division at SOLUM, on EuroCIS 2025 'At SOLUM, we are committed to revolutionising the retail experience through cutting-edge technology. EuroCIS 2025 provided the perfect platform to demonstrate our latest AI-powered digital display and ESL solutions, helping retailers optimise operations and engage customers in new and dynamic ways. It was great to connect with industry leaders and partners at the show, and we look forward to collaborating with them to shape the future of smart retail together.' Addressing the growing demand for efficient order fulfilment, SOLUM presented its Picking solution. This system uses LED indicators to highlight item locations, ultimately reducing order processing time and improving logistics. For an intuitive in-store experience, SOLUM introduces Touch Finding, a solution that leverages a 29-inch interactive digital display where customers can search for products, guiding customers to their desired items and enhancing navigation and accessibility. Additionally, SOLUM unveiled its Solum Solution Platform (SSP)—a unified retail management platform integrating ESL, digital signage, IoT devices, and vision AI cameras. This all-in-one system provides real-time data visualisation, advertising performance analytics, sales tracking, and workforce management, allowing retailers to streamline store operations with a centralised and data-driven approach. SOLUM's Vision AI solution revolutionises personalised advertising by leveraging AI-powered customer demographic analysis. By assessing factors such as age, gender, and engagement levels, Vision AI delivers highly targeted adverts on digital signage, maximising engagement, and conversion rates. Finally, Newton Play will showcase how ESL buttons can seamlessly integrate with digital signage to create a more interactive shopping journey. This solution allows retailers to display product tutorials or online purchasing options, making it a prime example of how digital innovation is transforming price labelling and information delivery. SOLUM: The Global No.1 Retail Solution Provider Founded in 2015 as a spin-off from Samsung Electro-Mechanics, SOLUM is a publicly traded company listed on the KOSPI stock exchange. The company has established itself as a leader in power solutions, display technologies, and electronic shelf labels (ESL), driving innovation across the global retail sector. With a strong commitment to customer-centric innovation and sustainable retail transformation, SOLUM continues to develop high-quality solutions that empower retailers to operate more efficiently in an increasingly digital world.
