Business
A2Z Smart Technologies Announces Corporate Update
--News Direct--A2Z Smart Technologies Corp. ("A2Z") ("Company"), (NASDAQ: AZ) (TSXV: AZ), today announced a corporate update:GeneralA2Z is focused on its
About this update from A2z Cust2mate Solutions Corp.
[{"type":"text","content":"--News Direct--A2Z Smart Technologies Corp. (\"A2Z\") (\"Company\"), (NASDAQ: AZ) (TSXV: AZ), today announced a corporate update:GeneralA2Z is focused on its transition from a research and development company to a full-to-market product company, delivering cutting-edge solutions to clients worldwide. With our recent achievements, including mass manufacturing capabilities and a strong leadership team led by Guy Mordoch CEO of its Cust2mate smart cart business, A2Z is experiencing increasing growth in the number of smart carts ordered and in the number of chains ordering our smart carts.Update re Yochananof:A2Z recently announced that further to the existing purchase of 1,300 Smart Carts from the leading grocery chain Yochananof for aggregate revenues of approximately NIS 35 million (~USD$ 12.0 million; ~CAD $13.8 million), Yochananof informed the Company of its intention to purchase up to an additional 1,700 of the Company's new generation smart carts. This expansion is a testament to the success and effectiveness of the Cust2Mate smart cart solution, which has significantly improved customer satisfaction and loyalty, and revenue for Yochananof. The increased order reflects Yochananof's confidence in the technology and its commitment to enhancing the shopping experience for its customers.Update re New Client Hastock:HaStok Concept Ltd. (“Hastok”), one of Israel’s leading home design and household essentials chain with 40 stores across the country, has partnered with Cust2mate for the order of 1,000 smart carts. The partnership marks a significant expansion for A2Z’s smart cart solution into a new vertical outside of grocery retail. The order is comprised of an upfront payment, a guaranteed monthly payment, and a revenue share agreement on added value solutions, such as advertising. The collaboration with Hastok demonstrates the growing demand and value of the Cust2Mate smart cart solution.Business Model:A2Z Smart Technologies Corp is undergoing a significant shift in its business model to enhance flexibility and provide greater value to clients. While the outright purchase of smart carts has been the traditional approach, we are introducing a subscription-based model to offer clients a more cost-effective and customizable solution. Under this model, clients will have access to our smart carts on a multiyear subscription basis, pa...