Sign up Australia
Proactive Investors - Run By Investors For Investors

Dragontail Systems achieves further progress in the Canadian restaurant market

The agreement will see Dragontail install key parts of its Algo platform.
a waitress
20,000 QSRs generates $24 billion in annual revenue

Dragontail Systems Ltd (ASX:DTS) has signed a landmark agreement with Cara Operations (TSE:CARA), one of the largest restaurant operators in Canada.

The agreement will see Dragontail install key parts of its Algo platform in circa 300 restaurants, with completion of this initial phase expected through the first quarter of 2018.

The Algo platform is a patented food preparation and delivery optimisation solution.

Cara is one of Canada’s largest restaurant operators with over 1,200 restaurants and 14 restaurant brands.

These brands include Swiss Chalet, which was founded in 1954, and has over 200 restaurants, and East Side Mario’s which focuses on family Italian dining.

Both Swiss Chalet and East Side Mario’s are located throughout Canada and offer dine in, take-out and delivery experiences.

The Algo system’s ability to manage large volumes of orders, food preparation tasks and delivery data makes it well suited for Cara’s operations.

Dragontail is in the process of expanding its footprint in Canada, beyond the quick service restaurant category into the fast casual and dine-in categories.

Canada represents a significant market opportunity for Dragontail, with more than 20,000 QSRs generating $24 billion in annual revenue.

Dragontail’s shares were last trading circa 4% higher intra-day, at $0.25.





Register here to be notified of future DTS Company articles
View full DTS profile View Profile

Dragontail Systems Ltd Timeline

Related Articles

1510629376_Agent-Reality-and-Sweep.JPG
November 16 2017
Thred's Geoff Marshall at Proactive's CEO Sessions in Melbourne and Sydney.
shutterstock_302650592_58dc0a99d5fca.jpg
March 30 2017
This week the firm has bolstered its coffers to the tune of over $20mln via a now closed bought deal financing.
bluechiip-andrew-mclelland-presenting-Syd-Mar-2017.png
March 17 2017
Andrew McLellan discussed with investors wiresless tracking technology.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use