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14 Facts About Ocado
Ocado was floated on the London Stock Exchange on 21 July 2010, and is a member of the FTSE 100 Index.
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Ocado was launched in January 2000 as a concept and started trading as a business in partnership with Waitrose in January 2002.
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In 2015, Ocado launched the first grocery app for the Apple Watch.
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In 2015 Ocado launched the Ocado Smart Platform, its proprietary end-to-end solution for operating retail businesses online.
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Ocado's products included own brand groceries from the Waitrose supermarket chain until September 2020, when Ocado launched a joint venture with Marks and Spencer.
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Morrisons made an initial capital payment of up to £170m to Ocado to acquire the Dordon site and associated mechanical handling equipment, as well as a licence and integration fee.
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Ocado's warehouses are built with a giant 3D grid structure inside, within which groceries are stored in crates.
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Ocado Technology was involved in two EU-funded Horizon 2020 robotics research projects: SecondHands and SOMA and continues to experiment with robotics for automating picking and packing of grocery orders.
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Jez Frampton, CEO of Interbrand and non-executive director of Ocado, claims the name "Ocado" is "a made-up word, intended to evoke fresh fruit".
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