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Stock impact report

Intelligent Product Solutions (IPS) Partners with ZX Ventures/AB InBev to Develop First Internet-Connected Beer Vending Machine Dispensing Opened Cans

Forward Industries, Inc. (FORD) 
US:NASDAQ Investor Relations: forwardindustries.com
Company Research Source: GlobeNewswire
HAUPPAUGE, N.Y. and NEW YORK, June 20, 2018 (GLOBE NEWSWIRE) -- Intelligent Product Solutions (IPS), a global product design and development firm, partnered with ZX Ventures, a division of AB InBev, to design and develop an Internet “connected” beer vending machine that dispenses cans of ice cold beer, featuring a cashless payment system that accepts all major credit cards and mobile wallets (i.e. Google Pay and Apple Pay). Called BeerBox, ZX Ventures plans to roll out these first-of-a-kind connected “bar-like” beer vending machines later this year at select concert and sports venues nationwide. The BeerBox is the first beer vending machine to dispense opened cans of chilled beer. Future versions of the machine will enable customers to select their beer of choice using a touchscreen interface.  The BeerBox has cellular, WiFi, and Ethernet connectivity for payment processing, transaction reporting, and maintenance functions, and GPS to provide machine location.   According to Rober Show less Read more
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