Resgreen Group International Inc (RGGI)

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ResGreen Group International, IncAGGRESSIVELY PURSUES AUTOMATED GUIDED VEHICLE MARKET.Press Release | 01/10/2020

ResGreen Group International, Inc. (OTCPINK: RGGI), Elkhart, Indiana AGGRESSIVELY PURSUES AUTOMATED GUIDED VEHICLE MARKET.

ResGreen Group CEO Parashar (Parsh) Patel being an accomplished engineer in the field of AUTOMATED GUIDED VEHICLE (AGV) technology, announces the Company is soon to roll out an AGV prototype.

Since Patel joined the company in 2016, he has aggressively been working with other engineering experts to develop the cutting-edge Intellectual Property (IP) needed for a unique and needed AGV.

Patel states that the company, he and others are working aggressively to roll the AGV prototype out for buyers to view in a real time presentation.

The overall automated guided vehicle market is expected to grow from USD 2.0 billion in 2019 to USD 2.9 billion by 2024 at a CAGR of 7.8%. More information can be found at: https://www.marketsandmarkets.com/Market-Reports/automated-guided-vehicle-market-27462395.html?gclid=CjwKCAiA3uDwBRBFEiwA1VsajA37Sm51oAOKal2ptATWn0Dvzzpqmw0VloUrbN1BiKihtFADkrwxxBoCVuIQAvD_BwE

AGV market for retail to exhibit high growth during forecast period

The retail industry is expected to register the highest CAGR during the forecast period. The increasing globalization, and the emergence of online retailing and bulk retailing have escalated the demand for AGVs in the retail industry. With the growing pressure on retail companies to meet the ever-increasing demand of its customers, the companies are focusing on operating more efficiently. The implementation of AGVs in warehouses and stores helps them achieve this, which is expected to contribute to the highest expected CAGR of the market for retail during the forecast period.

ABOUT RESGREEN GROUP INTERNATIONAL, INC.

RGGI is using certain Know-how and Intellectual Property (IP) that it possesses and looks to acquire and develop components for material handling logistics and certain Automatic Guided Vehicles (AGV) and mobile technologies.

Current management has years of professional engineering experience in this space and plans to remain focused and highly motivated to execute on its business strategy to develop certain Automatic Guided Transports including AGV / AGC and Mobile COBOT.