Commerce Project, page-6

Hi Dug

The overall technology the company has is a mixture of hardware, software and trade secrets - most of which is patented when it comes to product detection.

To quote the company:

"Shekel’s patented electronic load cell solution provides superior weighing performance and the fastest stabilization time with a very low profile."

What you essentially have is a secret sauce combination of weighing + artificial intelligence + advanced mathematics which cannot be easily duplicated, if at all (the company was first founded in 1971 and was one of the first to shift from mechanical to digital weighing and ultra-thin IoT load sensors)

The software SBW provide to its customers (Toshiba, Fujitsu, Diebold Nixdorf, Datalogic - with Datalogic being used by Coles and Woolworths here in Australia) has a 66 millisecond response time. This core technology is best in class globally for both accuracy and speed (2.5% error rate and 10 times faster than the competition). That is faster than NCR Corporation (2.7 billion USD market cap) and Amazon GO (1.5 trillion USD market cap).

EdgeX Foundry is an open source initiative, so theoretically nobody owns anything. It's meant to drive future ubiquitous adoption. Think of it as a future self-checkout international standard (ISO). Having a seat at the table when it comes to developing this new standard should not be underestimated, especially when it comes to future adoption by established players in the market.

Hope this provides some clarity. I encourage you to read through the recent Annual Report for further detail.