Reitar Attends the LET – a CeMAT Asia Event, Leading Smart Logistics into a New Era
- May 31, 2024
The 15th LET – a CeMAT Asia Event was officially unveiled recently, held for three consecutive days (May 29-31) at the Guangzhou China Import & Export Fair Complex. As the annual focus of the smart logistics exhibition, the Hannover Exhibition China Station, the conference was themed “Digital Factory • Smart Logistics • Robotics”, gathering over 650 well-known exhibitors in a 50,000 square meter exhibition space. It attracted many industry professionals to participate, creating a grand scene!
The exhibition focused on production line logistics automation, intelligent warehousing and logistics, humanoid robot technology applications, supply chain logistics, digital smart factories, and smart manufacturing, helping the Greater Bay Area manufacturing industry to achieve digital and flexible transformation, and accelerate the formation of new productive forces.
This year, Reitar Logtech Group and Lonlink Smart Storage Solution jointly formed a strategic alliance at the exhibition. Based on the successful model of existing projects, the two parties will drive the transformation of the logistics center in Hong Kong by using a fully automated high-density storage system. Mr. Arron Tam, the Associate Director of Reitar Logtech Group, elaborated on the group’s insights and forward-looking strategies in promoting innovative smart logistics. He believes that the integration of capital, customers and solution providers to jointly create an integrated smart supply chain solution is the future of smart logistics. This innovative direction and concept received active response and attention from the audience.
After the event, the authoritative professional magazine Logistics and Material Handling conducted an in-depth interview with Mr. Arron Tam. Logistics and Material Handling is published by the University of Science and Technology Beijing and supervised by the Ministry of Education. This allowed industry leaders both domestically and internationally to gain a better understanding of Reitar’s concepts and vision for the future development of smart logistics.
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Reitar Logtech Holdings Limited (Nasdaq: RITR) (the “Company”), is pleased to announce that its wholly-owned subsidiary, Kamui Cold Chain Engineering and Services Limited, has recently won the bid for the fire system upgrade project of a large smart logistics center located on Airport Island, with a contract amount of HKD 231 million (approximately USD 29.6 million).
On the afternoon of September 19, 2024 (EST), Mr. John Chan, Chairman and Chief Executive Officer of Reitar Logtech Holdings Limited ("Reitar Logtech", NASDAQ: RITR), rang the closing bell of the NASDAQ Stock Exchange at the NASDAQ Tower in Times Square, New York.
RBF is increasingly becoming a key driver in the smart logistics sector. This model not only alleviates companies' financial pressures but also fosters innovation and market expansion.
The logistics industry is currently grappling with significant challenges, including business expansion, technology upgrades, and supply chain management. As companies strive to upgrade to smart logistics level, there is an urgent need for substantial financial support. One solution gaining traction is Revenue-Based Financing (RBF), which offers a flexible approach to cash flow management.