VenHub stock price soars 20% due to robot self-diagnosis upgrade

Investing.com – VenHub Global (NASDAQ: VHUB) stock surged 20% on Monday morning after the company announced the addition of advanced self-diagnostic features to its automated retail store robot system.

This automated retail technology company said its robot components, including robotic arms, dynamic cabinets, and smart refrigerators, are now equipped with self-diagnostic systems that can automatically identify performance issues and safely shut down for repairs, while allowing surrounding components to continue operating.

VenHub has introduced a smart health monitoring system, a predictive maintenance system that tracks the performance of motors and sensors. When components are nearing the need for repair or replacement, the system automatically notifies operators and the company’s service team.

The company’s smart stores combine robotics and automation to create a 24/7 unattended shopping experience. These stores offer contactless transactions for products ranging from snacks to travel essentials.

VenHub CEO Shahan Ohanessian said, “Our growth strategy is built on technology that can be efficiently scaled, while providing stable, reliable 24/7 service for smart store operators and consumers.”

These enhancements aim to support retailers and partners as VenHub accelerates deployment in key markets.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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