ITAB Shop Concept AB (publ) continues to develop its ecosystem of partners that complements the Group's portfolio of innovative solutions to support its customers to create differentiating experiences and reduce operational cost in stores. ITAB now strengthens its solution offering within frictionless shopping and signs a strategic partnership with Signatrix. The partnership will bring together ITAB's retail solutions and Signatrix' vision technology to support the end-to-end consumer journey and help retailers in driving in-store experience, improving efficiencies, and reducing the risk for loss and theft.

Signatrix leads the way in harnessing the power of computer vision for retailers through its software that detects customer movements, objects, and any irregular behavior in the retailer's stores to take control and track through on-demand data and notifications. To date, Signatrix technology is installed in thousands of stores across Europe. Self-service in retail is increasing and to combat the associated risk of increased stock loss, visual intelligence solutions provide a wall of defense in security within the checkout area and exits in stores.

In addition, visual intelligence is used to increase retailers' sales by ensuring on-shelf availability and optimizing in-store operations. Using Artificial Intelligence algorithms, Signatrix aggregates all of the store's video content in one central hub. This gives the retailer the opportunity to add and fine-tune use-case apps, review incidents and truly understand the store and the customers through valuable analytics.