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Tribe Property Technologies Announces Partnership with Luxer One for Automated Package Acceptance and Parcel Delivery Solutions Across Canada
Friday, November 26, 2021Company Profile | Follow Company
Tribe Property Technologies Announces Partnership with Luxer One Bringing Automated Package Acceptance and Parcel Delivery Solutions to New Multi-Family Developments Across Canada
Vancouver, BC, November 26, 2021--(T-Net)--Tribe Property Technologies Inc. (TSXV:TRBE) (OTCQB US: TRPTF) announced today that it has partnered with Luxer One, a leading developer of smart locker technology to bring secure and versatile parcel storage to Tribe communities across Canada.
Joseph Nakhla, CEO, Tribe Property Technologies Inc.
"As we enter one of the busiest times of year for online shopping and package delivery with Black Friday and Christmas, it is important to acknowledge the massive consumer shift to online shopping that has recently impacted residential community living," said Tribe CEO Joseph Nakhla. "Five years ago, a condo or apartment building would receive between 10-20 packages a day, now they are receiving anywhere between 50-200 a day. This shift has created a need for logistical parcel storage solutions for residents in multi-family dwellings."
Canadian retail e-commerce sales reached a record $3.9 billion in May 2020. Year over year, e-commerce sales more than doubled—with a 110.8% increase compared with May 2019[1] . Canada Post, the leading parcel shipping provider in Canada, reported delivering 389 million parcels in 2020, up from 320 million units delivered in the previous year and expected to have grown even higher in 2021[2].
However, many consumers don't have a secure way to get a package delivered to their unit.
"We are excited to partner with Luxer One to bring security and peace-of-mind to our communities, particularly those without concierge service," added Mr. Nakhla. "Digitizing parcel delivery from the point of ordering through to arriving at your home in a secure environment, all while receiving mobile notifications so you know where your packages are and when they arrive - it eliminates so many points of friction."
"Given the growing demand for parcel storage solutions and the number of residential buildings that Tribe manages, this partnership was a natural fit," said Luxer One President, Josh Middlebrooks. "Like Tribe, technology and innovation are at the heart of our customer-focused company. Our mission is to accept 100 per cent of the packages that come to Tribe buildings, with no restrictions on size or storage."
Tribe manages approximately 40,000 homes made up of more than 100,000 residents.
The Company's proprietary community management software Tribe Home is integrated into every community with its ability to connect, inform, educate, and protect through the digitization and simplification of residential community living.
About Luxer One
Luxer One is a technology company specializing in contactless pickup and drop off for packages and goods. The company's smart package lockers and access control technology is used and preferred across industries, including multifamily residential, retail, commercial, and higher education. Luxer One has performed more locker deliveries through its advanced technology platform than any other smart locker company. To date, over 150 Million packages have been delivered to Luxer Lockers. To learn more, please visit luxerone.com .
About Tribe's Digital Partnership Program
Tribe's Digital Partnership Program develops partnerships that elevate service offerings and convenience, improve efficiencies, protect assets and provide unique benefits to living in a Tribe Community. These partnerships integrate with Tribe's community management platform, connecting with thousands of owners, councils/boards, and property developers across Canada.
About Tribe Property Technologies
Tribe is a property technology company that is digitizing the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers.
Tribe's three revenue pillars are made up of software and service (recurring licensing and management fees), transactional (rent or condo fees, banking services, lease-ups) and digital services and partnership (smart building products, financial and insurance service) revenue.
Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention and allows for the addition of value-added products and services through the platform. Visit tribetech.com for more information.
[1] https://www150.statcan.gc.ca/n1/pub/45-28-0001/2020001/article/00064-eng.htm
[2] https://www.statista.com/statistics/734804/parcel-volume-of-canada-post/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement on Forward-Looking Information This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws regarding the Company and its business. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. [ MORE ] |
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Tribe Property Technologies Inc.
Vancouver (Other Tech Sectors)
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