GetSwift Partners with Uber
September 21 2021 - 8:30AM
Business Wire
GetSwift Technologies Limited (NEO: GSW) (“GetSwift” or
the “Company”) is pleased to announce that today it has signed a
partnership agreement with Uber Technologies, Inc (“Uber”) to
integrate and offer a suite of best-in-class products and
services.
With this partnership, when fully deployed and integrated, both
existing and new clients across the United States, and expected
later in Canada, Mexico, Brazil and Australia, will have access to
Uber’s vast pool of drivers and vehicles. GetSwift and Uber over
the next few months will integrate their product offerings so that
clients will be able to use the GetSwift product suite knowing that
their data, customer interaction and payments are secured by
GetSwift, in effect protecting their brand equity while benefiting
from everything that is amazing about Uber.
Furthermore, all delivery fees and pricing will be managed on a
fixed-fee structure based on distance and not basket size, enabling
GetSwift clients of all sizes and industries to scalably expand and
grow in highly competitive verticals. Alongside GetSwift’s fleet
management, batching, and product suite, the company believes the
overall pricing per delivery will be highly competitive and
disruptive. The company further believes that by combining the
unique capabilities and key offerings of both organizations, that
this combination is the start of something truly unique.
“Providing delivery as a service to merchants around the world
is an Uber priority, and we are happy to be partnering with
GetSwift to bring the best of Uber’s logistics network to its new
and existing customers,” said Pooja Daftary, head of Uber Direct at
Uber. “Beginning in the US we will collaborate to provide a
best-in-class customer experience that marries Uber’s logistics
expertise and global network with GetSwift’s unique product
suite.”
"I am pleased to announce today the start of the Uber-GetSwift
partnership. It has taken us a lot of work to arrive at this point,
and still lots more remains ahead of us. With that said, we believe
that this is going to be an important initiative and offer an
incredible blend of products and services that are not only
expected to meet current customer demands, but also those that are
yet to emerge in this evolving global ecosystem. We expect to have
a soft launch before the end of 2021 and then starting in 2022, we
expect to be focused on jointly deploying and operating in the
regions noted, as well as potentially expanding this model as we
evaluate applicability in other regions. With GetSwift’s unique
model and product suite, Uber is the perfect partner for us. We
look forward to making a positive and long-lasting impact with the
customers and communities we serve," said GetSwift CEO Bane
Hunter.
About GetSwift Technologies Limited
Technology to Optimise Global Delivery Logistics
GetSwift is a technology and services company that offers a
suite of software products and services focused on business and
logistics automation, data management and analysis, communications,
information security, and infrastructure optimization and also
includes ecommerce and marketplace ordering, workforce management,
data analytics and augmentation, business intelligence, route
optimization, cash management, task management shift management,
asset tracking, real-time alerts, cloud communications, and
communications infrastructure (collectively, the “GetSwift
Offering”). The GetSwift Offering is used by public and private
sector clients across industries and jurisdictions for their
respective logistics, communications, information security, and
infrastructure projects and operations.
GSW is headquartered in New York and its common shares are
listed for trading on the NEO Exchange under the symbol “GSW”. The
Corporation has filed and obtained a receipt for the Prospectus. A
copy of the Prospectus can be obtained under Getswift's corporate
profile on SEDAR at www.sedar.com. For further background, please
visit www.getswift.co.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to matters
disclosed in this news release and to other matters identified in
public filings relating to the Corporation, to the future outlook
of the Corporation and anticipated events or results and may
include statements regarding the future financial performance of
the Corporation. In some cases, forward-looking information can be
identified by terms such as “may”, “will”, “should”, “expect”,
“plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”,
“potential”, “continue” or other similar expressions concerning
matters that are not historical facts. Forward-looking Statements
in this press release include statements related to the ability of
the Corporation and Uber to successfully complete the integration
their product offerings, the anticipated timeline for the
completion and deployment of the integration with Uber, the
anticipated pricing of the GetSwift Offering following the
completion of the integration with Uber, the anticipated features
of the GetSwift Offering following completion of the integration
with Uber and the potential impact on the Corporation’s clients,
the geographic markets in which the integration will be introduced
and deployed. Forward-looking Statements involve various risks and
uncertainties and are based on certain factors and assumptions.
There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from
the Corporation's expectations include, without limitation, the
failure of the Corporation and Uber to integrate their product
offerings in a manner that is commercially viable or consistent
with the partnership agreement, the decision of the Corporation or
Uber to terminate the partnership agreement, either before or after
the initial deployment of the GetSwift Offering as integrated with
Uber’s offerings, changes to pricing of the GetSwift Offering,
advances or changes in available technology that render the
GetSwift Offering or the integration with Uber unviable, the usage
of the GetSwift Offering and related feedback by and from existing
and new clients of the Corporation following the Uber integration,
the initiation of any third-party claims relating to the
intellectual property related to the GetSwift Offering or the
integration with Uber,, and the other risk factors set forth in our
interim management’s discussion and analysis for the interim period
ended March 31, 2021 under the heading "Risk Factors". The
Corporation undertakes no obligation to update or revise any
Forward-looking Statements, whether as a result of new information,
future events or otherwise, except as may be required by law. New
factors emerge from time to time, and it is not possible for the
Corporation to predict all of them or assess the impact of each
such factor or the extent to which any factor, or combination of
factors, may cause results to differ materially from those
contained in any Forward-looking Statement. Any Forward-looking
Statements contained in this press release are expressly qualified
in their entirety by this cautionary statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20210921005662/en/
U.S. Investor Relations Chris Tyson Executive Vice
President – MZ North America Direct: 949-491-8235 GSW@mzgroup.us
www.mzgroup.us
Company Investor Relations: investors@getswift.co
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