Automatic_Merchandiser_June-July_2021 - 8

TOPNEWS
active devices, which will
help grow its new digital
payments products.
VendingMarketWatch.
com/21218998
ColdSnap hopes to bring
single-serve frozen
goodies to breakrooms
[ INNOVATION ]
Sivan Farag/PRNewsfoto/TASE
ColdSnap
Source
Measuring just 9 " W. x 17.5 " D. x 17.25 " H., ColdSnap
is similar in size to a single-cup coffeemaker.
THE MAKER OF CES SENSATION
ColdSnap, an appliance that creates frozen
novelties just like a Keurig brewer does for
coffee drinks, wants to disrupt the global ice
cream industry. Matthew Fonte, founder of
Boston-based ColdSnap Corp., also envisions
his on-demand concept becoming a novelty in
workplace breakrooms and micro markets.
Insert pod and voila!
Barcoded ColdSnap pods look like slender
aluminum beverage cans (same size as Red
Bull's) and insert at the top of the machine. The
machine's compact compressor and condenser
system freezes the liquid ingredients inside the
pod. It takes from 60 to 120 seconds to make
a ColdSnap item. Pods can be stored for nine
months or longer at room temperature.
* ColdSnap is planning to begin commercial
trials in August. Visit coldsnap.com.
8 Automatic Merchandiser * June/July 2021
Next Level Hospitality
Cantaloupe Inc.
launches on Nasdaq
(so long USAT)
USA Technologies'
official name change to
Cantaloupe Inc. and its
ticker symbol to " CTLP "
transpired on April 19.
The reimagined corporate
identity is central to the
fintech company's vision
to help the world buy it
and go. " This new chapter
will help us drive the
industry forward; tapping
new opportunities that
create value for customers
and stakeholders, " said
Cantaloupe chief executive
Sean Feeney. Cantaloupe
has more than one million
Aramark to buy Next
Level Hospitality
Aramark has signed an
agreement to acquire
Next Level Hospitality, a
provider of culinary and
environmental services
in the senior living sector.
Founded in 2017, Next
Level, specializing in skilled
nursing and rehabilitation
facilities, serves hundreds
of locations in the U.S.,
primarily on the East
Coast and in the Midwest
and Texas. The deal will
close in Aramark's fiscal
third quarter. Next Level
generated about $160
million of revenue in the
past 12 months.
VendingMarketWatch.
com/21220663
Nayax makes history
as largest high-tech
IPO on TASE
The Nayax IPO in May was
the largest in the history
of Tel Aviv Stock Exchange
High Tech Sector in terms
of both the company value
and the amount raised.
Fintech leader Nayax is
joining 42 new companies
that listed on TASE since
the beginning of 2021,
raising, together with
Nayax, a total of $1.5 billion.
Nayax is included in TASE's
technology sector, which
currently comprises shares
of 114 companies, with a
$63.6 billion market cap.
VendingMarketWatch.
com/21223836
PayRange Inc.
PayRange app hits
one billion milestone
Claiming to process more
transactions a minute than
bitcoin, PayRange Inc. is
gaining momentum. With
rapidly growing numbers
of users and locations, the
payment network recently
celebrated the recording of
one billion cash and mobile
transactions.
VendingMarketWatch.
com/21219004

http://www.VendingMarketWatch.com/21218998 http://www.VendingMarketWatch.com/21219004 http://www.VendingMarketWatch.com/21223836 http://www.VendingMarketWatch.com/21220663 http://www.coldsnap.com

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