SAN DIEGO -- Generation Next Franchise Brands said it has acquired intellectual property related to the Reis & Irvy's frozen yogurt vending machine from Charleston, SC-based Robufusion Inc.
Generation Next, based in San Diego, is parent company of Fresh Healthy Vending LLC, a franchisor of "healthy" vending machines. Last year, Generation Next launched its newest franchise concept, Reis & Irvy's, a brand and technology originally licensed exclusively from Robofusion. | READ MORE
Generation Next said it will give Robofusion a cash payment of $420,000, issuance of a three-year, $2-million note, and consideration of 1,520,000 five-year warrants. Under terms of the agreement, certain Robofusion officers, directors and shareholders will be subject to a five-year noncompete agreement.
Generation Next now owns the following intellectual property: Reis & Irvy's trademark (U.S. Patent & Trademark Office trademark registration No. 4530264); U.S. utility patent No. 8,989,893; U.S. design patent No. D647,926; and U.S. patent application Nos. 20140120235 and 20160242434.
The Reis & Irvy's "Froyo Robot" serves two different flavors of frozen soft-serve desserts, as well as a swirl option, all available with six toppings in under 60 seconds. With the exclusive ownership of the assets it acquired from Robofusion, Generation Next said it is now exploring ways to leverage the technology to develop future concepts.
Since licensing the technology from Robofusion in February 2016, Generation Next put together its own team of engineers to upgrade software and mechanics of Reis & Irvy's machine. Modifications include a customized double-barrel, soft-serve unit located inside the robot that is designed to ensure the product is delivered at the ideal temperature and consistency. Next Generation also redesigned the user interface for customers and added telemetry software for its franchisee operators.
The healthy vending franchisor also put its new design through the National Sanitation Foundation and Underwriters Laboratories certification processes to ensure the machines meet food-safety and manufacturing design standards.
Additionally, Generation Next said it redesigned the machine's self-cleaning mechanism. After every use, the vending robot cleans and sanitizes the dispensing spigots to ensure no residue is left from the previous order.
Finally, with a focus on entertainment, novelty and the customer experience, Generation Next added proximity sensors to the machines. Venders now can sense when customers are nearby, and draw them in with a redesigned robotic arm that the company said moves into action by "dancing" and lighting up.
Generation Next claims to have operators in more than 140 countries. For its Reis & Irvy's frozen yogurt program, it has third-party agreements for manufacturing, distribution, installation, training and service.