Tennant Company introduces its first multi-purpose robotic solution for retailers

0

MINNEAPOLIS–(BUSINESS WIRE)–Tennant company (NYSE: TNC), a global leader in developing, manufacturing and marketing solutions to reinvent the way the world cleans, today announced the launch of inventory scan, the company’s first add-on to Tennant’s robotic floor scrubbers, offering retailers multi-purpose autonomous solutions. Developed in partnership with robotics market leader Brain Corp, Inventory Scan is an integrated solution that allows Tennant floor scrubbers to autonomously scan shelf inventory.

“Throughout its 150-year history, Tennant Company has helped advance the cleaning industry through a relentless pursuit of new technology,” said Dave Huml, president and chief executive officer of Tennant Company. “Our commitment to innovation is a key element of our corporate strategy and is focused on solving the real-world challenges faced by our customers. Inventory Scan fills a tremendous AI and data process gap for retailers by providing an effective and reliable solution for capturing high-quality inventory and store allocation data. It also eliminates the need for potentially disruptive infrastructure such as shelf cameras and drones.

“By adding data collection capability to our AMR floor scrubbers and integrating them with a retailer’s existing inventory management system, we can significantly improve retail store operations. Inventory Scan enables retailers to work more efficiently by minimizing the need for labor-intensive, manual procedures and helps ensure shelves stay stocked. Our vision is for data collection and floor care to be fully automated so our customers can focus on managing their businesses and serving their customers’ needs.”

Inventory Scan uses sophisticated computer vision and analysis technologies to capture high-quality inventory and store allocation data. It collects on-shelf data in real-time to enable intelligent, data-driven inventory management and operations. Once installed on a scrubber, the cloud-connected Inventory Scan Tower can collect data as it moves autonomously around a location. Reports are then delivered to site managers to provide numerous insights including reviewing pricing accuracy, planogram compliance, product stock levels and product localization.

About Tenant

The Tennant Company (TNC) was founded in 1870 and is headquartered in Eden Prairie, Minnesota World. Products include equipment for maintaining industrial, commercial and outdoor surfaces; detergent-free and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant’s global field service network is the most extensive in the industry. The Tennant Company had 2020 sales of $1.0 billion and employs approximately 4,300 people. Tennant has manufacturing facilities around the world and sells products directly in 15 countries and through distributors in more than 100 countries. For more information visit www.tennantco.com and www.ipcworldwide.com. The Tennant Company logo and other marks denoted by the “®” symbol are trademarks of Tennant Company, registered in the United States and/or other countries.

Forward-Looking Statements

Certain statements contained in this document constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements are not purely historical or current facts and do not represent current expectations or forecasts of future events. Such expectations or forecasts of future events are subject to a variety of factors. These include factors that affect all companies operating in a global marketplace, as well as matters specific to us and the markets we serve. The specific risks and uncertainties we currently face include: geopolitical and economic uncertainty around the world; uncertainty about the impact and duration of the COVID-19 pandemic; our ability to comply with global laws and regulations; our ability to adapt to customers’ price sensitivity; the competition in our business; fluctuations in the cost, quality or availability of raw materials and purchased components; our ability to adjust prices to respond to cost pressures; unanticipated product liability claims or product quality issues; our ability to attract, retain and develop key personnel and develop effective succession planning strategies; our ability to effectively develop and manage strategic planning and growth processes and related operational plans; our ability to successfully update and develop our information technology systems; our ability to successfully protect our information technology systems from cybersecurity risks; the occurrence of a significant business interruption; our ability to ensure the health and safety of our employees; our ability to integrate acquisitions; and our ability to develop and commercialize new innovative products and services.

We caution you that forward-looking statements must be evaluated carefully and that actual results could differ materially due to known and unknown risks and uncertainties. Please see our 2020 Form 10-K for information on factors that could materially affect our results. Shareholders, potential investors and other readers are urged to consider these factors in evaluating forward-looking statements and are cautioned not to place undue reliance on any such forward-looking statements.

We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Investors are encouraged to consult any additional disclosures we make in our filings with the Securities and Exchange Commission and other written statements on related matters. It is not possible to anticipate or predict all risk factors, and investors should not consider a list of such factors as an exhaustive or complete list of all risks or uncertainties.

Share.

Comments are closed.