JustKitchen Deploys JKOS Food Ordering System to Serve Hsinchu Science Park

JustKitchen Deploys JKOS Food Ordering System to Serve Hsinchu Science Park

TSXV: JK   OTCQB: JKHCF   FRA: 68Z

The Company Will Also License its Signature Food Brands and Proprietary
JKOS Software to Third Parties under a New Turnkey Offering

Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z) an operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce that it has entered into a commercial arrangement (the " Arrangement ") to expand its suite of business-to-business (" B2B ") services to Hsinchu Science Park (" HSP "), located in the East District of Hsinchu City, Taiwan . HSP is a vast professional and industrial area that houses over 530 companies employing more than 152,000 people. 1 JustKitchen will be the first ghost kitchen operator to serve employees in HSP as delivery drivers are not permitted to enter the area.

JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) (CNW Group/Just Kitchen Holdings Corp.)

Pursuant to the terms of the Arrangement, JustKitchen will work with a large food service contractor to provide JustKitchen-branded meals to employees and their guests at HSP during business hours. As previously announced on November 25, 2021 , the Company operates a ghost kitchen location within the nearby Hotel Indigo Hsinchu Science Park. JustKitchen is also in the process of pursuing other B2B opportunities within HSP.

Licensing of JKOS Software and In-House Brands to Third-Party Operators

The Company also announces that it has begun licensing the rights to its proprietary food brands (" Proprietary Brand License ") to qualified third-party operators of commercial kitchens across Taiwan and and Hong Kong . Since inception, many of JustKitchen's wholly owned food brands have gained a loyal following. Granting Proprietary Brand Licenses to proven counterparties is expected to enable the Company to more quickly and cost effectively scale up its brand exposure and sales output without having to invest in additional kitchens, staff or other infrastructure.

Third parties are also required to implement the Company's vertically integrated JKOS software, which promotes operational success while enabling JustKitchen to retain, analyze and monitor all applicable data under each licensing arrangement. To reduce third-party risk, JustKitchen is seeking out prospective counterparties and performing due diligence on their commercial kitchens, operating practices, and levels of output.

Under the terms and conditions of a Proprietary Brand License, a qualified third party currently operating a commercial kitchen, such as in an underutilized restaurant, hotel or conference facility, can add one or more of JustKitchen's delivery-only food brands on a turnkey basis and quickly become part of the cloud kitchen industry. This offers a counterparty the ability to generate incremental revenue from its existing assets, with a minimal up-front capital outlay and seamless integration with their current operations.

Management Commentary

"Providing JK's meals and services to the people at HSP, which is the home of Taiwan's flagship semiconductor industry that ranks second in the world by revenue and serves almost all of the world's tech giants, is a great opportunity for JustKitchen to showcase its brands to even more consumers and businesses. Notable corporate tenants of HSP include Taiwan Semiconductor Manufacturing Company; MediaTek, which is the world's second-largest mobile chip developer; United Microelectronics Corp. which is the world's third-largest contract chipmaker; as well as computer-maker Acer," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "Our other new initiative to license our proprietary food brands and JKOS software platform to third parties in a turnkey way unlocks the potential for incremental brand equity and even greater scalability to be earned by our most popular in-house menus," added Mr. Chen.

ABOUT JUSTKITCHEN

JustKitchen is primarily an operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently operates in Taiwan and Hong Kong with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.

For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding it working with a large food service contractor to help fulfill the terms of its contract by providing JustKitchen-branded meals to employees and their guests at HSP during business hours; pursuing other B2B opportunities within HSP based on the Arrangement having acted as a beachhead to foster similar dialogues with other third parties; and licensing the rights to its proprietary food brands to qualified third-party operators of commercial kitchens across Taiwan . These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Endnotes

1.

"Introduction to the Hsinchu Science Park", Ministry of Science and Technology, accessed on March 3, 2022, https://www.most.gov.tw/folksonomy/list/a365d856-3247-4937-8c76-0488f488d6ee?l=en

SOURCE Just Kitchen Holdings Corp.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/March2022/17/c6855.html

News Provided by Canada Newswire via QuoteMedia

JK:CA
The Conversation (0)
JustKitchen Expands B2B and D2C Offerings Through New Arrangements

JustKitchen Expands B2B and D2C Offerings Through New Arrangements

TSXV: JK    OTCQB: JKHCF    FRA: 68Z

Workers and Consumers Now Have More Access to JustKitchen's Meals and Brands as the Company Broadens Both its Corporate Client Base and Convenience-Based Operations

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Opens New Ghost Kitchens and Secures More Locations in Hong Kong

JustKitchen Opens New Ghost Kitchens and Secures More Locations in Hong Kong

TSXV: JK OTCQB: JKHCF FRA: 68Z

The Company has also Hired Foodpanda's Former Head of Kitchens & Concepts, Ryan Ching , to be the Managing Director of its Business in the Region

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Licenses MrBeast Burger and Other Brands from Virtual Dining Concepts for Multiple Asian Markets

JustKitchen Licenses MrBeast Burger and Other Brands from Virtual Dining Concepts for Multiple Asian Markets

TSXV: JK OTCQB: JKHCF FRA: 68Z

Consumers in Taiwan and Hong Kong to Continue Having Access to MrBeast Burger via the JustKitchen App and Third-Party Delivery Service Providers, with the Popular Brand Being Launched by the Company in Malaysia , Philippines and Thailand Later This Year

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Expanding to Thailand via GrabKitchen Arrangement

JustKitchen Expanding to Thailand via GrabKitchen Arrangement

TSXV: JK    OTCQB: JKHCF    FRA: 68Z

Consumers in Thailand Will Soon Be Able to Enjoy JustKitchen's Own Master Don, K.Bao and Bodyfit Delivery-Only Brands

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Adds Famous BistroRYU Black Curry to Brand Portfolio

JustKitchen Adds Famous BistroRYU Black Curry to Brand Portfolio

TSXV: JK    OTCQB: JKHCF    FRA: 68Z

Taiwan Consumers Can Now Access BistroRYU's Black Curry Through Multiple Third-Party Delivery Services

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Sona Nanotech to Showcase Its THT Cancer Therapy at NCL 20th Anniversary Symposium and Provides Corporate Update

Sona Nanotech to Showcase Its THT Cancer Therapy at NCL 20th Anniversary Symposium and Provides Corporate Update

Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the "Company", "Sona") is pleased to announce that its Chief Scientific Officer, Dr. Len Pagliaro, has been invited to showcase Sona's developing Targeted Hyperthermia Therapy ("THT") cancer treatment today at the Nanotechnology Characterization Laboratory ("NCL"). Sona will be one of six commercial and academic collaborators to present its research at the NCL's 20th anniversary "Advancing Medical Applications of Cancer Nanotechnology" symposium. Sona's subsidiary was previously selected for the NCL Assay Cascade Program, the premier program in the World for bringing nanomaterials through critical preclinical stages and facilitating regulatory review, in which Sona's materials were assessed for biocompatibility. The NCL was established by the National Cancer Institute ("NCI") to accelerate the progress of nanomedicine by providing preclinical characterization and safety testing of nanoparticles. The NCL is a collaborative effort between NCI, the U.S. Food and Drug Administration ("FDA"), and the National Institute of Standards and Technology.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Starlink satellites hovering over telecommunications network.

When is the Starlink IPO Date and Can You Invest? (Updated 2024)

There's been a great deal of speculation surrounding a potential Starlink initial public offering (IPO), and the idea of an impending Starlink stock release date has investors excited.

Elon Musk's satellite internet business been referred to by many as the future of global connectivity, offering low latency and high speed in even the most remote locations. The company controls roughly 6,300 satellites and recently surpassed over 4 million subscribers.

One reason for this interest is Musk's reputation in the investment space. Despite recent pitfalls at X, previously known as Twitter, the man has been involved in multiple highly successful and high-profile tech companies. Starlink itself is an offshoot of one of his other companies, SpaceX.

Keep reading...Show less
XReality Group

Quarterly Activities Report and Appendix 4C - 30 Sept 24

xReality Group Limited (ASX:XRG) (xReality) is pleased to provide the following Quarterly Activities Report and Appendix 4C for the quarter ending 30th September 2024 together with an Operational Update.

Keep reading...Show less
Sona Nanotech Issued Patent and Appoints New Board Member

Sona Nanotech Issued Patent and Appoints New Board Member

Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the "Company", "Sona") is pleased to announce the issuance of U.S. Patent No. 12117447 by the U.S. Patent and Trademark Office to the Company, entitled, "Metal Nanoparticles and Methods of Making Same". This patent covers the Company's proprietary process for manufacturing gold nanorods without the use of the toxic substance, cetyltrimethylammonium bromide ("CTAB"), which typically carries significant cytotoxic and genotoxic risks.

The Company is also pleased to announce the appointment of Mr. Wayne Myles, KC, FIIC, to its board of directors. An active investor and entrepreneur, Mr. Myles has served as lead counsel and strategic business advisor on more than 100 domestic and international acquisitions and sales, financings, government and regulatory affairs and licensing mandates. He has significant and diverse experience as a director of public and private companies. He also has been recognized with numerous professional achievements, distinctions and awards, including being named as one of "Canada's Top 25 Most Influential Lawyers' by Canadian Lawyer Magazine."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Four laptops around a device with a quantum symbol inside.

How to Invest in Quantum Computing Companies (Updated 2024)

Quantum computing is an emerging technology that has the potential to revolutionize many industries.

According to a late 2021 Statista forecast, the quantum computing market's total revenue is projected to reach US$8.6 billion by 2027. To put that into perspective, the industry was worth only US$412 million in 2020.

With that in mind, it's clear the field of quantum computing is nascent and exciting. Here the Investing News Network takes a look at what it is, its potential impact on several industries and how investors can get exposure to quantum computing through stocks, startups and exchange-traded funds.

Keep reading...Show less
XReality Group

Additional Funding Secured to Support Order Outlook

xReality Group Limited (“XRG” or the “Company”) is pleased to announce an additional $500,000 debt facility has been secured. The purpose of the additional drawdown is to increase inventory, accelerate the delivery of current projects and meet future orders.

Keep reading...Show less

Latest Press Releases

Related News

×