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No pre market open RNS from Ocado re today's product launch. If there was an RNS though I'd expect it to be released at 2pm.
Cheers graking, let's see if an RNS appears at the open. Good rise today. There's positivity in the air....
A daytime product launch cannot be market sensitive for if it is then would have to be notified via a pre opening RNS. Thats what we have to watch for.
Fingers crossed.
SFH300,
Self driving vehicles update will most likely be mentioned tomorrow but I would be disappointed if that was the heart of their announcement. I think there's something more afoot. It's challenging to think what the announcement could be because there's many so many different areas they could branch out into.
Wth choppy tech conditions as they are tomorrow is a very bad day to disappoint the market. Ocado's bullish tone though suggests to me that it will be a positively received announcement.
That's a good example. It's far beyond Ocados current scale but shows what can be done if you are an innovative technology company which is continually disrupting itself.
Ocado have great form in breaking out into new areas. The company initially was an online grocery retailer but now has morphed into a majority tech company whose platform is used by others around the globe.
Tomorrow could be the start of another evolution into something bigger, new customer base etc
You're right about the semantic possibilities inherent in the announcement, but we probably have to temper our response to it in the light of the current linguistic twists and turns being parsed daily in the media with regard to the Johnson government and the shifting sands of its explanations and excuses. We've become too cynical about any public announcement from a large organisation. It's more likely to be just a similar linguistic construction to "try and [do something]," when "try to [do something]" is meant. Just a question of stylistics rather than sophistry.
As for the tech, self-driving vehicles would seem to be the most likely direction. How it would be game-changing, though, I'm not sure. Our current infrastructure isn't really conducive to the deployment of such vehicles. Milton Keynes, maybe, where Amazon already run small autonomous delivery carts, but about 95% of the inhabited parts of the country would be inaccessible.
I suppose this is the best example of a game changing tech announcement.
https://www.statista.com/chart/18819/worldwide-market-share-of-leading-cloud-infrastructure-service-providers/
What Amazon have done on the Cloud - Ocado can do with robotics.
What you outline chilting would fit nicely into the innovations re online grocery box.
Now what's in the game changing tech announcement?
Ocado have said for years that they have a small percentage of their engineers and developers working on special projects outside online grocery. In a similar way to how Google has a special projects team.
The applications and possibilities of Ocados technology go far beyond online grocery. They now have a talent/knowledge base that can solve the toughest robotics/ai problems. They bought out kindred systems and Haddington dynamics robotics companies. These companies give Ocado more possibilities.
Have they found another goldmine? Not long to wait now..
Could be an option for partners to have a purpose built vertical farm close by a CFC using Ocado robotics, software and partner logistics to match the scale of demand for fresh produce at the CFC annually .
Also on a shorter time scale - For example, if there are 15,000 Lettuce ready to harvest, they can be ordered in customer baskets and harvested to match the total requirement up to 15,000 for next day delivery.
That's a good guess chilting. It will most probably include a vertical farming update. Ocado have significant investments in that area and have had them for some years. Ocado have 2,200 engineers and developers. I'd expect them to revolutionise their vertical farm offering.
If it's new tech outside online grocery I hope it either compliments and elevates their existing online grocery platform or tech that opens another revenue stream in the near future.
Fair to say it can be interpreted in different ways. Possibly purposely, possibly just sloppy (I prefer the former).
As you say Valueplay - it can be read both ways.
Game changing is the interesting bit - could be vertical farming?
Tomorrows Ocado product launch invite link is below, the phrasing of the invite is below also:
https://events.bizzabo.com/ocado2022
"Join us as we unveil game-changing technology and innovation for online grocery."
I posted previously outlining that the above indicated that the announcement tomorrow will be solely about new tech and innovation in the online grocery field. However rereading this phrase I think it can be read in 2 ways? Could be that new tech and innovation will be announced in the online grocery field. Could be also that new tech will be announced in any field alongside innovation in online grocery.
How do you understand the quoted phrase above?