Growing Multifamily Demand Highlights Opportunity to Deliver Greater Convenience for Residents and a Distinctive, Highly Visible Amenity for Property Owners
LAS VEGAS, Oct. 08, 2026 (GLOBE NEWSWIRE) — VenHub Global, Inc. (NASDAQ: VHUB) (“VenHub” or the “Company”), a leader in fully autonomous Smart Store technology, today announced plans for the first deployment of its Smart Store autonomous retail platform at Penn Lofts, a new 59-unit multifamily development in Bend, Oregon.
The deployment represents an important expansion of the VenHub Smart Store platform into the multifamily residential market, where the Company is seeing growing demand from developers and property owners seeking new ways to enhance the resident experience and differentiate their communities. By bringing convenient access to everyday products and essentials directly to where people live, VenHub aims to create value for both residents and multifamily owners.
For residents, a VenHub Smart Store offers the convenience of on-site shopping without a separate trip to a traditional store. For developers, owners and property managers, it provides a distinctive amenity that can strengthen a property’s appeal, support resident satisfaction and retention, and add a tangible point of differentiation to leasing and marketing efforts. As a highly visible feature within a community, a VenHub Smart Store can also help owners showcase their investment in convenience, technology and the resident experience.
VenHub has worked closely with the developer to integrate the VenHub Smart Store directly into the design and plans for the new community. Rather than being added to the property as an afterthought, the VenHub Smart Store is being incorporated as a core resident amenity, allowing it to fit seamlessly within the development while providing convenient access to everyday products and essentials.
The deployment also demonstrates the flexibility of VenHub’s autonomous retail platform across residential properties of varying sizes. VenHub can offer various configurations of its Smart Store format including smaller-sized formats that are well suited to serve communities such as this 59-unit development and full-size stores capable of serving a greater number of residents and a broader range of products.
VenHub expects the multifamily residential sector will serve as a significant long-term growth opportunity and intends to make autonomous retail a valuable amenity for apartment communities, deploying VenHub Smart Stores based on the size, density and needs of each community. This first deployment at Penn Lofts can serve as a test case for future deployments in other multifamily developments as the Company addresses this attractive market opportunity.
“Multifamily residential communities represent a significant growth opportunity for VenHub, and we are seeing increasing demand from developers and property owners who recognize the value of bringing autonomous retail directly into their communities,” said Shahan Ohanessian, Founder and CEO of VenHub. “Residents increasingly expect convenience to be built into where they live. Our flexible platform helps owners meet that expectation with a distinctive, highly visible amenity that adds value for residents and helps properties stand out – from smaller communities to larger multifamily developments. Penn Lofts is an ideal first deployment to demonstrate how our technology can be thoughtfully integrated into a community from the beginning.”
Penn Lofts is being developed as a modern residential community in Bend, Oregon. The development team worked with VenHub during the planning process to identify a location and configuration that makes the store a natural part of the property and easily accessible to residents.
VenHub plans to build on the Penn Lofts deployment as it expands into the multifamily sector. The Company believes its autonomous retail platform can provide developers, apartment owners and property managers with a new type of resident amenity while creating a significant new deployment channel for VenHub.
The company is actively evaluating additional multifamily opportunities and expects to provide updates regarding additional properties and deployments as its multifamily strategy develops. Developers, apartment owners and property managers interested in collaborating with VenHub should contact the Company at hello@venhub.com or visit https://www.venhub.com/partners-and-opportunities/become-a-smart-store-owner.
About VenHub
VenHub Global, Inc. (NASDAQ: VHUB) is focused on fully autonomous Smart Store technology. The Company develops automated retail solutions intended to enable convenient, unattended retail experiences across a range of locations and customer environments. VenHub’s Smart Store platform is designed to support scalable deployment, 24/7 product availability, and retail access in locations where a traditional staffed store may not be feasible. For more information, visit www.venhub.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the planned deployment of a VenHub Smart Store at Penn Lofts in Bend, Oregon; the integration of the Smart Store into the development’s design and resident amenities; the anticipated functionality, accessibility, convenience, product availability and other benefits of the store; the suitability of different Smart Store configurations for residential communities of varying sizes and densities; the potential for the Penn Lofts deployment to serve as a test case for future multifamily deployments; the size and potential of the multifamily residential market as a long-term growth opportunity and new deployment channel for VenHub; and the Company’s plans to evaluate additional properties, expand deployments and provide future updates.
Words such as “anticipate,” “believe,” “can,” “could,” “designed,” “expect,” “intend,” “may,” “opportunity,” “plan,” “potential,” “should,” “will,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. These statements are based on the Company’s current expectations, assumptions and information available as of the date of this release and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied.
Such factors include, but are not limited to: changes in the construction schedule, design, completion or occupancy of Penn Lofts; the ability of VenHub and the developer to finalize and execute installation and operating arrangements; site readiness, space constraints, utility and connectivity requirements, and necessary permits and approvals; the availability and timely delivery of equipment, components and inventory; the performance, reliability, security and maintenance of the Smart Store technology; the ability to establish suitable product assortments and effective replenishment and service arrangements; resident adoption, purchasing activity and demand; acceptance of autonomous retail amenities by developers, property owners and property managers; the costs and economic viability of individual deployments; the availability of financing and other resources to support deployment and expansion; competition and general economic and real estate market conditions; applicable regulatory and contractual requirements; and other risks and uncertainties described in VenHub’s filings with the U.S. Securities and Exchange Commission.
Forward-looking statements speak only as of the date of this release. VenHub undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Media and investor contacts
VenHub Global, Inc.
Alyssa Barry
Director of Investor Relations and Public Relations
Alyssa@VenHub.com
Richard Land
Alliance Advisors
vhub@allianceadvisors.com
