NEW YORK, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Boxed (NYSE: BOXD) ("Boxed" or the "Company"), an e-commerce grocery platform that sells bulk consumables and licenses its e-commerce software to enterprise retailers, today announced it will further integrate with Google Cloud to drive innovation throughout its platform and continuously improve the customer journey.
As Boxed continues to scale its Software & Services business, deepening its relationship with Google Cloud will enhance its operational capabilities, deliver more value to its enterprise clients, and source new customers for its growing stable of Software & Services clients. As part of this updated licensing agreement, Boxed will be able to make use of Google Cloud's advanced cloud computing, data analytics, and artificial intelligence (AI) technologies to unlock new value and redefine the future of consumer brand relationships in e-commerce.
"Google Cloud is the ideal platform for Boxed to creatively and nimbly bring the best possible customer experiences to market," said David Miller, Chief Technology Officer of Boxed. "Our team views Google Cloud as best in class on which to develop new and better capabilities in the e-commerce space for B2C, B2B, Retail and Software solutions for our customers and partners worldwide."
Boxed and Google Cloud will work together to:
- Enhance operational insights: Connecting data from internal and external sources to allow Boxed to build more personalized products, enable faster supply and demand planning decisions, and provide better service reliability to customers and partners.
- Drive value: Google Cloud will enable Boxed to create scalable e-commerce platform capabilities to target new value opportunities.
- Unlock new services and offerings: By making broader use of Google Cloud offerings, Boxed will be able to further develop differentiated capabilities in a competitive market.
"We're proud to support Boxed, a truly innovative industry player in retail, in its efforts to build a platform that brings new and improved features to retailers— and ultimately improves the shopping experience for consumers," said Carrie Tharp, VP of Retail & Consumer, Google Cloud.
About Boxed
Boxed is an e-commerce retailer and an e-commerce enabler. The Company operates an e-commerce retail service that provides bulk pantry consumables to businesses and household customers, without the requirement of a "big-box" store membership. This service is powered by the Company's own purpose-built storefront, marketplace, analytics, fulfillment, advertising, and robotics technologies. Boxed further enables e-commerce through its Software & Services business, which offers customers in need of an enterprise-level e-commerce platform access to its end-to-end technology. The Company aspires to make a positive social impact with an emphasis on good Environmental, Social and Governance ("ESG") practices, and as such, has developed a powerful, unique brand, known for doing right by its customers, employees and society. For more information, please visit investors.boxed.com.
Forward-Looking Statements
Certain statements in this press release may be considered forward-looking statements. Forward-looking statements generally relate to future events or Boxed's future financial or operating performance. For example, statements regarding the expected benefits of the expanded use of the Google Cloud Platform, the competitive environment in which Boxed operates and the expected future operating and financial performance and market opportunities of Boxed are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "pro forma", "may", "should", "could", "might", "plan", "possible", "project", "strive", "budget", "forecast", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Boxed and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against Boxed or others following the announcement of the business combination and any definitive agreements with respect thereto; (ii) the ability to meet stock exchange listing standards following the consummation of the business combination; (iii) the risk that the business combination disrupts current plans and operations of Boxed as a result of the announcement and consummation of the business combination; (iv) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of Boxed to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (v) costs related to the business combination and being a public company; (vi) changes in applicable laws or regulations; (vii) the possibility that Boxed may be adversely affected by other economic, business, regulatory, and/or competitive factors; (viii) Boxed's estimates of expenses and profitability; (ix) the evolution of the markets in which Boxed competes; (x) the ability of Boxed to implement its strategic initiatives and continue to innovate its existing offerings; (xi) the ability of Boxed to defend its intellectual property; (xii) the ability of Boxed to satisfy regulatory requirements; (xiii) the impact of the COVID-19 pandemic on Boxed's business; and (xiv) other risks and uncertainties set forth in the section entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the company's final proxy statement/prospectus relating to the business combination.
Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Boxed does not undertake any duty to update these forward-looking statements.
Investor Contacts
Chris Mandeville
ICR
BoxedIR@icrinc.com
Media Contacts
Keil Decker
ICR
BoxedPR@icrinc.com
David Taft
Boxed
dave@boxed.com
紐約,2021年12月9日(Global Newswire)--向企業零售商銷售大宗消費品並授權其電子商務軟體的電子商務雜貨平臺Boxed(紐約證券交易所股票代碼:BOXD)(以下簡稱“Boxed”或“公司”)今天宣佈,將進一步與谷歌雲整合,推動整個平臺的創新並持續改善客戶之旅。
隨著BOXED繼續擴大其軟體和服務業務,加深與谷歌雲的關係將增強其運營能力,為其企業客戶提供更多價值,並為其日益穩定的軟體和服務客戶尋找新客戶。作為這份更新的許可協定的一部分,BOXED將能夠利用谷歌雲先進的雲計算、數據分析和人工智慧(AI)技術來釋放新的價值,並重新定義電子商務中消費者品牌關係的未來。
BOXED首席技術官David·米勒表示:“谷歌雲是BOXED創造性地、靈活地將最佳客戶體驗推向市場的理想平臺。”我們的團隊認為谷歌雲是同類中最好的,可以在電子商務領域為我們的全球客戶和合作夥伴開發B2C、B2B、零售和軟體解決方案的新的和更好的能力。
Box和Google Cloud將攜手實現以下目標:
- 增強運營洞察力:連接來自內部和外部來源的數據,使BOACED能夠構建更個性化的產品,實現更快的供需規劃決策,並為客戶和合作夥伴提供更好的服務可靠性。
- 驅動值:谷歌雲將使BOXED能夠創建可擴展的電子商務平臺能力,以瞄準新的價值機會。
- 解鎖新服務和產品:通過更廣泛地使用谷歌雲產品,Boxed將能夠在競爭激烈的市場中進一步開發差異化能力。
谷歌雲零售與消費者副總裁Carrie Tharp表示:“我們很自豪能夠支持零售行業真正的創新企業Boxed努力建立一個平臺,為零售商帶來新的和改進的功能,並最終改善消費者的購物體驗。”
關於盒裝的
BOXED是一家電子商務零售商,也是一家電子商務推動者。該公司經營一項電子商務零售服務,向企業和家庭客戶提供散裝食品儲藏室消費品,而不需要“大盒子”商店會員資格。這項服務由公司自己專門構建的店面、市場、分析、履行、廣告和機器人技術提供支持。BOXED通過其軟體和服務業務進一步實現電子商務,為需要企業級電子商務平臺的客戶提供訪問其端到端技術的機會。該公司致力於產生積極的社會影響,強調良好的環境、社會和治理(“ESG”)實踐,並因此形成了一個強大、獨特的品牌,以其客戶、員工和社會的正確行為而聞名。欲瞭解更多資訊,請訪問Investors.boxed.com。
前瞻性陳述
本新聞稿中的某些陳述可能被視為前瞻性陳述。前瞻性陳述一般與未來的事件或BOXED的未來財務或經營業績有關。例如,有關擴大使用谷歌雲平臺的預期收益、Boxed運營的競爭環境以及Box未來預期的運營和財務表現以及市場機會的表述均為前瞻性表述。在某些情況下,你可以通過諸如“形式”、“可能”、“應該”、“可能”、“可能”、“計劃”、“可能”、“專案”、“努力”、“預算”、“預測”、“預期”、“打算”、“將”、“估計”、“預期”、“相信”、“預測”、“潛在”或“繼續”等術語,或這些術語或它們的變體或類似術語的否定來識別前瞻性陳述。此類前瞻性陳述會受到風險、不確定性和其他因素的影響,這些因素可能會導致實際結果與此類前瞻性陳述明示或暗示的結果大相徑庭。
這些前瞻性陳述是基於估計和假設,雖然BOXED及其管理層認為這些估計和假設是合理的,但本質上是不確定的。可能導致實際結果與當前預期大不相同的因素包括但不限於:(I)在宣佈業務合併和與此有關的任何最終協定後,可能對Bobox或其他公司提起的任何法律訴訟的結果;(Ii)在業務合併完成後達到證券交易所上市標準的能力;(Iii)由於業務合併的宣佈和完成,業務合併擾亂Bobox目前的計劃和運營的風險;(4)確認業務合併的預期效益的能力,這些效益可能受競爭等因素的影響,其中包括:(1)博柏克實現盈利增長和管理增長、維持與客戶和供應商的關係以及留住其管理層和關鍵員工的能力;(5)與業務合併和上市公司有關的成本;(6)適用法律或法規的變化;(7)博賽克可能受到其他經濟、商業、監管和/或競爭因素不利影響的可能性;(8)博賽克對費用和盈利能力的估計;(Ix)BOXX競爭市場的演變;(X)BOXED實施其戰略舉措並繼續創新其現有產品的能力;(Xi)BOXED保護其知識產權的能力;(Xii)BOXED滿足監管要求的能力;(Xiii)新冠肺炎大流行對BOXED業務的影響;(Xiv)該公司在與業務合併有關的最終委託書/招股說明書中題為“風險因素”和“有關前瞻性陳述的警示說明”一節闡述的其他風險和不確定因素。
本新聞稿中的任何內容都不應被視為任何人表示本文所述的前瞻性陳述將會實現或此類前瞻性陳述的任何預期結果將會實現。你不應該過分依賴前瞻性陳述,因為這些陳述只反映了它們作出之日的情況。BOXED不承擔更新這些前瞻性陳述的任何責任。
投資者聯繫方式
克裡斯·曼德維爾
ICR
郵箱:boxedIR@icrinc.com
媒體聯繫人
凱爾·德克爾
ICR
郵箱:boxedPR@icrinc.com
David·塔夫脫
已裝箱
郵箱:dave@boxed.com