AI focused foodservices company, Dragontail Systems Limited (ASX: DTS) reported the completion of the nationwide rollout of its Artificial Intelligence (AI) quality control Camera - the QT for Domino’s Pizza Enterprises (DMP) in more than 800 stores across Australia and New Zealand.
According to the announcement, Domino’s Pizza Enterprises (DMP) is the foremost pizza chain to use the QT Camera System to tackle customer complaints mostly related to incorrect toppings and poorly made pizzas. Also, the QT Cameras were installed at the stores as "DOM Pizza Checker" intended to improve the product quality, consistency across all pizza stores in Australia and New Zealand. Moreover, DMP manages over 2450 stores in nine countries, and the success of the AI platform would determine the extension of technology in other markets served by DMP.
(MD’s Presentation Source: Company’s AGM, May 2019)
As per the announcement, QT Camera System recognise, analyse and grade pizzas based on correct toppings, pizza type and distribution. It will be placed above the cut bench and captures the image. Afterwards, QT presents a quick assessment based on comparison of the would capture image against large data sets of correct pizzas. Later, the assessment would be evaluated by store resulting in a decision to remake the food or not.
DTS asserted AI systems continuously gathers data for the purpose to attain at a decision, which makes the system absorb data and improve results regularly. Artificial Intelligence powered QT Camera possesses capabilities to detect failures and monitor the quality of different products on the back of its application-based nature, which could be configured for other fast food types across many global brands.
Reportedly, DTS was awarded official patent rights as an apparatus for monitoring the preparation of a food product for its QT quality control camera in the USA. Its application for patent rights is pending in Australia; however, DTS had secured patent rights in New Zealand for its QT quality control camera.
Mr Ido Levanon, Managing Director of Dragontail, added:
"The QT Camera is based on a ground-breaking technology which leads the Quick Service Restaurant (QSR) industry to a new era. The ability to save resources, create high customer satisfaction, retain customers and manage the stores more efficiently, are significant. The system has additional capabilities, such as product temperature detection and involving the end-customer in the process by sending an image of the food. Domino's are the first to appreciate the value of this product and Dragontail is sure it will do wonders in DMP stores".
Dragontail Systems Limited is an Artificial Intelligence, and Machine Learning focused company revolutionising the foodservice and Quick Service Restaurant (QSR) industry through its Algo System and computer-vision QT quality system.
On 29 May 2019, DST also reported the results from Annual General Meeting wherein all resolutions were passed on a show of hands, including Resolutions 5 and 6 which was passed as special resolutions.
DTS stock price jumped up 2.326% to close at $0.220 on 29 May 2019. The stock has delivered a return of +22.86 in the last one-year and its year-to-date return stands at +10.26% along with +34.38% upside move recorded in the past three months.
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