Latest news with #Skytech
Yahoo
02-04-2025
- Business
- Yahoo
Nightfood Holdings Completes Acquisition of Carryout Supplies, Deepening Vertical Integration in AI-Powered Hospitality Automation
Recent Skytech deal combined with Carryout Supplies expands Nightfood's footprint across automation, robotics, and packaging in the hospitality industry TARRYTOWN, N.Y., April 02, 2025 (GLOBE NEWSWIRE) -- via IBN – Nightfood Holdings, Inc. (OTCQB: NGTF), an emerging leader in artificial intelligence (AI)-powered hospitality automation, today announces the closing of its acquisition of S W C Holdings (Carryout Supplies), a leading provider of customized disposable packaging solutions for the food service and hospitality industries. This announcement comes just one day after Nightfood revealed its acquisition of Skytech Automated Solutions, an AI robotics company with a growing portfolio of smart service technologies. Together, these two acquisitions significantly expand Nightfood's capabilities across both the operational and logistical sides of hospitality, supporting a broader mission to transform hotel and foodservice operations through automation and strategic vertical integration. 'Acquiring Carryout Supplies is a major step forward in our strategy to transform hospitality operations,' said Jamie Steigerwald, chairman of Nightfood Holdings. 'Combining their industry-leading packaging capabilities with our advanced automation technology enables us to offer more efficient, scalable solutions that directly address cost, labor, and operational challenges in the sector.' The integration of Carryout Supplies adds a new layer to Nightfood's Robotics-as-a-Service (RaaS) model by embedding packaging solutions within the automation supply chain. It also unlocks immediate cross-selling opportunities with Carryout's established client base and provides access to key hospitality and foodservice accounts across North America. Strategic Impact: Expands Nightfood's presence across the hospitality value chain. Unlocks operational synergies with Skytech's automation platform. Provides immediate recurring revenue from packaging contracts. Positions Nightfood as a fully integrated solutions provider for hotels, resorts, and food service operators. With multiple acquisitions now closed in Q1 2025, Nightfood is accelerating its market entry into key verticals and executing a disciplined growth strategy focused on profitability, scale and innovation. About Nightfood Holdings, Inc. (OTCQB: NGTF) Nightfood Holdings, Inc. is revolutionizing the hospitality industry by combining AI-powered robotics with strategic hotel acquisitions. The Company's innovative approach uses advanced automation technology to significantly improve hotel efficiency, reduce operating costs, and address labor challenges. With its dual focus on owning hotel properties and offering Robotics-as-a-Service (RaaS), NGTF is strategically positioned to capitalize on the rapidly growing global service robotics market, which is expected to surpass $170 billion by 2030. This integrated business model provides scalable revenue streams and positions NGTF as a leader in hospitality automation. Forward-Looking Statements This press release contains forward-looking statements regarding future events and Nightfood Holdings' expected performance. These statements are subject to risks and uncertainties, and actual results may differ materially from expectations. Investors are encouraged to review the Company's SEC filings for additional information. For more information on Nightfood Holdings, Inc. (OTCQB: NGTF), please visit Nightfood Contacts Investor Relations Email: ir@ Media Relations Email: media@ Corporate Communications: IBN Austin, Texas 512.354.7000 Office Editor@
Yahoo
01-04-2025
- Business
- Yahoo
Nightfood Acquires Skytech to Expand Leadership in AI-Driven Hotel Automation
Strategic acquisition enhances Robotics-as-a-Service capabilities and accelerates market penetration across the hotel sector TARRYTOWN, NY, April 01, 2025 (GLOBE NEWSWIRE) -- via IBN -- Nightfood Holdings, Inc. (OTCQB: NGTF) (the 'Company'), a leading innovator in hospitality automation through robotics and strategic property acquisition, today announces the successful acquisition of Skytech Automated Solutions, Inc., a recognized expert in artificial intelligence (AI)-driven service technologies for the hotel industry. This transaction follows Nightfood's recent purchase of Carryout Supplies (S W C Group) and further reinforces the Company's aggressive expansion strategy to solidify its position at the forefront of hospitality innovation. Skytech is best known for its Laundry Helper robot, which has been successfully deployed across a growing number of hotel properties. With a proven track record in delivering scalable, AI-powered service automation, Skytech's technology and expertise align seamlessly with Nightfood's integrated business model that combines hotel ownership with Robotics-as-a-Service (RaaS) solutions. 'Closing the Skytech acquisition represents a transformative leap forward for Nightfood,' said Jamie Steigerwald, Chairman of Nightfood Holdings. 'This strengthens our ability to scale automation across the hospitality industry—addressing key operational pain points such as labor shortages and rising costs. Together with the Carryout Supplies acquisition, we're building a powerful ecosystem designed to lead the future of hotel automation.' With Skytech's smart service technologies now part of the Nightfood platform, the Company can deliver end-to-end automation, from behind-the-scenes robotics like laundry and cleaning to guest-facing solutions that enhance customer experience and operational efficiency. These combined capabilities are expected to: Accelerate market penetration Drive operational efficiencies across hospitality clients Expand recurring revenue from third-party RaaS clients Watch for an interview on the Next Big Story YouTube channel (coming soon), where Skytech's Executive Chair, Ried Floco, will join host Kyle Livingston. In the interview, Floco will discuss Nightfood's acquisition of Skytech, as well as the combined synergies of both companies to deliver AI-driven RaaS solutions to the future of hospitality. Nightfood remains committed to disciplined, strategic expansion, continually evaluating opportunities to strengthen its competitive edge and deliver long-term value to shareholders. About Skytech Automated Solutions, Inc. Skytech Automated Solutions is a California-based provider of AI-driven robotics and automation technologies for the hospitality industry. Best known for its Laundry Helper robot, Skytech delivers scalable solutions that streamline hotel operations, reduce labor costs, and improve service quality. The company offers a full suite of service robots—ranging from delivery to cleaning—supported by advanced IoT and fleet management systems. Skytech's mission is to empower hospitality operators with intelligent automation that enhances operational efficiency and elevates the guest experience. To learn more, visit About Nightfood Holdings, Inc. (OTCQB: NGTF) Nightfood Holdings, Inc. is revolutionizing the hospitality industry by combining AI-powered robotics with strategic hotel acquisitions. The Company's innovative approach uses advanced automation technology to significantly improve hotel efficiency, reduce operating costs, and address labor challenges. With its dual focus on owning hotel properties and offering Robotics-as-a-Service (RaaS), NGTF is strategically positioned to capitalize on the rapidly growing global service robotics market, which is expected to surpass $170 billion by 2030. This integrated business model provides scalable revenue streams and positions NGTF as a leader in hospitality automation. Forward-Looking Statements This press release contains forward-looking statements regarding future events and Nightfood Holdings' expected performance. These statements are subject to risks and uncertainties, and actual results may differ materially from expectations. Investors are encouraged to review the Company's SEC filings for additional information. For more information on Nightfood Holdings, Inc. (OTCQB: NGTF), please visit Investor & Media Contacts Investor Relations Contact:Nightfood Holdings, ir@ Media Relations Contact:Email: media@ Phone: (866) 261-7778 Corporate Communications:IBNAustin, OfficeEditor@ in to access your portfolio
