• Standard Cognition (also known as “Standard AI”) has expanded its partnership with the on-campus contract foodservice management company, Chartwells Higher Education to launch 100 autonomous retail stores at higher learning institutions across the U.S. 

• The two companies initially partnered in August 2020 to retrofit an existing on-campus convenience store at the University of Houston for a touchless, cashier-less shopping experience. 

• In February 2022 , the two companies launched a fully automated market at San Jose State University (SJSU) in California. Within months of launching the store, Chartwells reported a 21% increase in-store traffic and a 23% increase in average transaction size. The two companies have launched 5 more new automated stores in 2022. 

• The stores by the two companies are equipped with ceiling-mounted cameras, artificial intelligence (AI), and computer vision technology software which associates the shoppers with the items they pick up to purchase without using any biometric data.  Standard AI’s platform integrates with Chartwells’ existing mobile ordering app for seamless payment. The technology additionally generates data and insights into shopper behavior and product performance. 

<ul><li> Analyst QuickTake: Within the year, Standard Cognition has launched automated stores in partnership with a range of players in different industries. In April 2022, Standard Cognition expanded its partnership with Circle K to launch a new automated store in Phoenix Arizona. In the same month, the company partnered with American Airlines Center to launch two new frictionless food and beverage experiences. In June 2022, the company partnered with the pharmaceutical company Compass Group and FLIK Hospitality Group to launch an autonomous store within Compass Group’s headquarters.</ul>