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Chipotle's Burrito Delivery Boys Can Fly Courtesy Alphabet
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Google parent Alphabet Inc. (GOOGL - Free Report) has reportedly joined forces with Chipotle Mexican Grill, Inc. (CMG - Free Report) and Virginia Tech to accelerate its drone delivery efforts.
According to reports, the company will stage an experimental burrito delivery service through automated drones on the Virginia Tech campus.
A Well-timed Move
Only a month has passed since Alphabet received Federal Aviation Administration’s (FAA) nod to test drone delivery and the company’s Project Wing hasn’t wasted any time to initiate the experiment.
Automated “self-guided hybrids” or drones carrying burritos will fly from a Chipotle food truck and lower the edibles to people ordering it some hundred meters away at the Virginia Tech campus.
The project will test if the packaging system can keep the food warm and edible after its encounter with birds and breeze at a low height.
Keeping FAA’s safety regulations in mind, a closed portion of the campus will be used for deliveries and participants will be shielded. The project will be initiated this month and last a few weeks.
A Clever Choice of Site
Virginia Tech appears to be the right place for the test as it is engaged in a program for "next generation transportation and infrastructure" and thus has the right people to source important information from. Moreover, it gives Alphabet the opportunity to test the drones in a realistic urban setting.
The test will allow both Alphabet and the FAA to have a fair understanding of the usability of drones in a safe and reliable manner in the logistics industry. Additionally, it will also help to set the operating rules and safety regulations that are required for the development of the drone industry going forward.
The move also reflects Alphabet’s growing efforts to leapfrog competitors like Amazon.com, Inc. (AMZN - Free Report) and Wal-Mart Stores Inc. (WMT - Free Report) in the race of delivering products via drones.
Interested in IPOs? Check out the special edition of Zacks Friday Finish Line below, where Editor Maddy Johnson and Content Writer Ryan McQueeney interview Kathleen Smith of Renaissance Capital about the IPO market in 2016 (see part two here).
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Chipotle's Burrito Delivery Boys Can Fly Courtesy Alphabet
Google parent Alphabet Inc. (GOOGL - Free Report) has reportedly joined forces with Chipotle Mexican Grill, Inc. (CMG - Free Report) and Virginia Tech to accelerate its drone delivery efforts.
According to reports, the company will stage an experimental burrito delivery service through automated drones on the Virginia Tech campus.
A Well-timed Move
Only a month has passed since Alphabet received Federal Aviation Administration’s (FAA) nod to test drone delivery and the company’s Project Wing hasn’t wasted any time to initiate the experiment.
Automated “self-guided hybrids” or drones carrying burritos will fly from a Chipotle food truck and lower the edibles to people ordering it some hundred meters away at the Virginia Tech campus.
The project will test if the packaging system can keep the food warm and edible after its encounter with birds and breeze at a low height.
Keeping FAA’s safety regulations in mind, a closed portion of the campus will be used for deliveries and participants will be shielded. The project will be initiated this month and last a few weeks.
A Clever Choice of Site
Virginia Tech appears to be the right place for the test as it is engaged in a program for "next generation transportation and infrastructure" and thus has the right people to source important information from. Moreover, it gives Alphabet the opportunity to test the drones in a realistic urban setting.
ALPHABET INC-A Price
ALPHABET INC-A Price | ALPHABET INC-A Quote
A Bigger Ambition
The test will allow both Alphabet and the FAA to have a fair understanding of the usability of drones in a safe and reliable manner in the logistics industry. Additionally, it will also help to set the operating rules and safety regulations that are required for the development of the drone industry going forward.
The move also reflects Alphabet’s growing efforts to leapfrog competitors like Amazon.com, Inc. (AMZN - Free Report) and Wal-Mart Stores Inc. (WMT - Free Report) in the race of delivering products via drones.
At present Alphabet carries a Zacks Rank 3# (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Interested in IPOs? Check out the special edition of Zacks Friday Finish Line below, where Editor Maddy Johnson and Content Writer Ryan McQueeney interview Kathleen Smith of Renaissance Capital about the IPO market in 2016 (see part two here).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>