Tillkännagivande • Aug 06
A2Z Cust2Mate Launches its Smart Carts at Franprix in Paris A2Z Smart Technologies Corp. ("A2Z") ("Company") announced the first deployment of its new generation Cust2Mate 3.0 smart shopping carts at Franprix in Paris, France. Franprix is a leading grocery chain that operates over 600 stores in France. The A2Z Cust2Mate innovative smart shopping carts that were deployed feature an all-in-one clip-on panel equipped with advanced AI technology, self-scanning, and in-cart payments for a convenient "pick and go" experience. The 3.0 carts enable the "connected store," combining online and physical shopping to offer exclusive promotions and personalized product recommendations as if shopping online. These carts enhance convenience, redefine the shopping experience, and streamline the checkout process, improving shopper satisfaction while increasing basket size and reducing shrinkage for retailers, thus revolutionizing the retail experience. Customers based in Paris were able to use the carts for the first time during the public launch August 5, 2024. Tillkännagivande • Jul 08
A2Z Smart Technologies Corp., Annual General Meeting, Jul 29, 2024 A2Z Smart Technologies Corp., Annual General Meeting, Jul 29, 2024. Location: meeting id: 934 8733 2250, Canada Tillkännagivande • Jun 08
A2Z Smart Technologies Corp. Provides Update on Deployment Plans for its Product, the Cust2Mate Smart Cart A2Z Smart Technologies Corp. announced that A2Z is excited to announce that Cart 3.0 is ready for deployment. This new version features a detachable control panel, overhauled software for seamless transition from 2.5 to 3.0 carts, reduced costs and weight of control panels, integration with a new generation security scale and continuous software improvement further enhancing the customer experience. The control panel kits are designed for a four-minute retrofit on existing carts, and the check-in and check-out units (charging stations) are ready to be installed. The initial deployment of Cust2Mate 3.0 carts will commence across at least three chains on three continents, including Yochananof in Israel, Morton Williams in New York and Monoprix in France. Additionally, Cust2Mate 3.0 carts have been shipped to local partners in France, Romania, Central America, Thailand and Australia in anticipation of further deployments. A2Z continues to enhance its theft mitigation solutions and infrastructure, introducing new measures for anomaly detection and corresponding actions based on identified anomalies. The Company is developing AI-driven tools to improve weight discrepancy detection and reduce noise. These advancements enable A2Z and its clients to make informed product decisions, balancing theft mitigation with a frictionless user experience. Additionally, a generic POS gateway has been developed to streamline integration with new partners and customers. The market appetite for smart cart solutions has significantly increased, with almost all large chains actively seeking solutions to address their pain points. A2Z is in ongoing discussions with leading chains worldwide to integrate Cust2Mate smart carts into their stores. To expedite time to market, the Company has adopted a new fast-track onboarding process. Retail Media is emerging as the fastest-growing digital marketing channel, offering significant revenue potential for retailers worldwide. The Cust2Mate 3.0 smart cart is positioned as a natural platform to bring Retail Media to physical stores, representing a potential game-changer in the industry. A2Z views retail media as a significant revenue generator and is in discussions with several retail media players to form mutually beneficial partnerships, further boosting market penetration and tapping into new advertising revenue streams. The analytics and dashboard tools in A2Z's 360-management system have been revamped, with augmented dashboards for cart performance and store operations, and new dashboards for store managers to monitor store performance. Retail Media performance measurement and management tools have also been developed. A2Z's platform now supports integration with retailers and third-party BI and Data systems through newly developed APIs, and the data infrastructure has been overhauled to enhance structure, databases, queries, analyses and presentation. Tillkännagivande • Feb 22
A2Z Announces Delisting from the TSXV A2Z Smart Technologies Corp. ("A2Z" or the "Company") announced that it has applied and received approval for a voluntary delisting of its common shares from the TSX Venture Exchange ("TSXV"). The delisting from the TSXV will not affect the Company's listing on the NASDAQ Capital Market (the "NASDAQ"). The common shares will continue to trade on the NASDAQ under the symbol "AZ". The Company believes that the trading volume of its shares on the TSXV no longer justifies the expenses and administrative efforts required to maintain a dual listing. The Company also believes that delisting from the TSXV will create a central marketplace for its common shares on the NASDAQ, and ultimately benefit the long-term liquidity and shareholder value of the Company. It is anticipated that, effective as at the close of trading on or about February 29, 2024, A2Z's common shares will no longer be listed and posted for trading on the TSXV. Following delisting from the TSXV, A2Z's shareholders can trade their common shares through their brokers on NASDAQ. As most brokers in Canada, including many discount and online brokers, have the ability to buy and sell securities listed on NASDAQ, A2Z's NASDAQ listing will continue to provide shareholders with the same accessibility to trade the Company's common shares. Shareholders holding shares in Canadian brokerage accounts should contact their brokers to confirm how to trade A2Z's shares on the NASDAQ. Tillkännagivande • Jan 16
A2Z Smart Technologies Corp. has completed a Follow-on Equity Offering. A2Z Smart Technologies Corp. has completed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 2,806,302
Price\Range: $1.15
Security Name: Common Warrant
Security Type: Equity Warrant
Securities Offered: 1,403,151
Transaction Features: Registered Direct Offering Tillkännagivande • Jan 12
A2Z Smart Technologies Corp. Unveils Cust2Mate 3.0 Smart Cart A2Z Smart Technologies Corp. introduced Cust2Mate 3.0, the latest iteration of its smart cart. Designed to meet the evolving demands of consumers navigating an extensive array of choices and the challenges faced by retailers in an era of thin profit margins and increased shrinkage, Cust2Mate 3.2Mate 3.0 brings a host of new features to the forefront. At the heart of the innovation is the all-in-one detachable panel, featuring a 13.3" interactive touchscreen. This panel easily clips on to any shopping cart, transforming traditional shopping carts into multi technology smart carts. Cust2Mate's 3.0 smart cart, designed for ease of mass production and reduced installation and maintenance costs, also results in a considerable reduction in weight, significantly enhancing maneuverability and space efficiency. The Cust 2Mate 3.0 smart cart also addresses the growing shrinkage epidemic, which has been estimated to exceed $100 billion in the United States1. The Smart Cart's theft mitigation features include computer vision, RFID, and AI anomaly behavior detection, which complement the existing item sensor capabilities such as barcode scanner and weight sensors. Leveraging behavioral data and on-cart screens, the Cust2Mate 3. 0 smart cart software can deliver personalized, context-driven, real-time product recommendations, promotions, and advertisements throughout the shopper's in-store journey. Through automation and big data-driven actionable insights, Cust2Mate3.0 optimizes store operations, marking a significant step towards the future of retail. As part of this launch, A2Z Smart Technologies is also thrilled to announce the unveiling of a new website which will serve as a comprehensive platform for customers to explore the features and capabilities of Cust2Mate 3.1, stay updated on the latest news and developments, and engage with the innovative solutions offered by the company. Cust2Mate will be presenting the 3.0 smart cart in the coming NRF 2024 Retail's Big Show, at Booth 6712. The show is held in the Javits Center, New York, USA on January 14-16. Tillkännagivande • Dec 15
A2Z Smart Technologies Corp. has filed a Follow-on Equity Offering in the amount of $1.49015 million. A2Z Smart Technologies Corp. has filed a Follow-on Equity Offering in the amount of $1.49015 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,295,783
Price\Range: $1.15
Security Name: Common Warrants
Security Type: Equity Warrant
Securities Offered: 647,891
Transaction Features: Registered Direct Offering Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.052 loss per share (vs US$0.22 loss in 3Q 2022) Third quarter 2023 results: US$0.052 loss per share (improved from US$0.22 loss in 3Q 2022). Revenue: US$2.59m (down 2.3% from 3Q 2022). Net loss: US$1.91m (loss narrowed 68% from 3Q 2022). Revenue is forecast to grow 82% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 22
A2Z Smart Technologies Corp. Announces the Formation of the Cust2mate Advisory Board, Alongside the Appointment of Steve Robinson as Member of the Advisory Board A2Z Smart Technologies Corp. announced the formation of the Cust2Mate advisory board, alongside the appointment of Steve Robinson as a member of the advisory board, to help guide strategic initiatives and drive company growth. With over 30 years of experience in supply chain and operations, Steve brings a deep understanding of the retail industry from his roles at Walmart and Starbucks. A2Z is leveraging its advisory board to help scale and expand its Cust2Mate solution, an AI and computer vision-equipped smart shopping cart. Cust2Mate's transition to a global software platform provider is strengthened by successful deployments with leading retailers, solidifying A2Z Cust2mate's position as an industry pioneer with its advisory board's strategic guidance. Steve Robinson previously served as the Vice President of Global Supply Chain at Walmart Inc., one of the world's largest and most influential retailers. In this role, he oversaw the management of the company's supply chain, driving operational efficiencies and ensuring seamless logistics across Walmart's extensive network. In a similar role at the Starbucks Corporation as the Vice President of the Starbucks Center of Supply Chain Excellence, he played a key part in fueling hyper-growth and delivering substantial value, contributing significantly to Starbucks' global success. Now, Steve serves as the CEO and founder of The Supply Chain Project.ORG, a 501(c)(3) non-profit organization, where his commitment to reducing human suffering, social justice, and hunger eradication through supply chain strategies is evident. Steve's extensive knowledge in both asset-based and non-asset-based logistics equips him with a comprehensive understanding of the complexities and challenges faced by global retailers. His expertise spans strategic planning, procurement, manufacturing, distribution, and international logistics. As a Cust2Mate advisory board member, Steve will help to ensure that the Cust2Mate solution aligns with the needs and demands of major retailers, positioning the company as a pioneer of technology that is blazing a trail in the supermarket industry. The formation of the advisory board positions A2Z Cust2Mate to further drive innovation, streamline operations, and create sustainable growth opportunities. The recent partnership between Cust2Mate and retail integrator IR2S to deploy 30,000 smart carts between 2023 and 2026 across renowned retail chains in France strengthens A2Z Cust2Mate's commitment to delivering cutting-edge technology solutions that transform the retail landscape. Reported Earnings • Aug 15
Second quarter 2023 earnings released: US$0.21 loss per share (vs US$0.11 loss in 2Q 2022) Second quarter 2023 results: US$0.21 loss per share (further deteriorated from US$0.11 loss in 2Q 2022). Revenue: US$2.86m (up 100% from 2Q 2022). Net loss: US$6.97m (loss widened 136% from 2Q 2022). Revenue is forecast to grow 69% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 08
A2Z Smart Technologies Corp. Announces Board of Directors Changes A2Z Smart Technologies Corp. announced that Mr. Niv Raz Haim has resigned from the board of directors of the Company, and the Board has accepted his resignation. The Company also announced the appointment of Mr. Adi Vazan, as an independent member of the Board, to fill this vacancy, such appointment to be effective immediately. Mr. Vazanis an experienced entrepreneur and accomplished senior executive, with extensive and diverse experience in managing companies and organizations, with understanding of both the technological and business aspects inherent in the Company's activities. Tillkännagivande • Jun 16
A2Z Smart Technologies Corp. has completed a Follow-on Equity Offering in the amount of $5.872896 million. A2Z Smart Technologies Corp. has completed a Follow-on Equity Offering in the amount of $5.872896 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 3,262,720
Price\Range: $1.8
Discount Per Security: $0
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 1,631,356
Transaction Features: Registered Direct Offering New Risk • Jun 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$10m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings are forecast to decline by an average of 4.1% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$18m net loss next year). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (CA$105.4m market cap, or US$79.0m). Tillkännagivande • Jun 01
A2Z Smart Technologies Corp. (TSXV:AZ) acquired Morton Williams Supermarkets. A2Z Smart Technologies Corp. (TSXV:AZ) acquired Morton Williams Supermarkets on May 30, 2023. Reported Earnings • May 18
First quarter 2023 earnings released: US$0.11 loss per share (vs US$0.088 loss in 1Q 2022) First quarter 2023 results: US$0.11 loss per share (further deteriorated from US$0.088 loss in 1Q 2022). Revenue: US$4.61m (up 219% from 1Q 2022). Net loss: US$3.57m (loss widened 52% from 1Q 2022). Revenue is forecast to grow 121% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Mar 29
Full year 2022 earnings released: US$0.66 loss per share (vs US$1.73 loss in FY 2021) Full year 2022 results: US$0.66 loss per share (improved from US$1.73 loss in FY 2021). Revenue: US$9.35m (up 248% from FY 2021). Net loss: US$18.3m (loss narrowed 55% from FY 2021). Revenue is forecast to grow 108% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 09
A2Z Smart Technologies Corp. Announces Change in Board of Directors A2Z Smart Technologies Corp. announced that Mr. Shlomo Paksher has resigned from the board of directors of the Company, and the Board has accepted his resignation. The Company also announces the appointment of Mr. Niv Raz Haim, as an independent member of the Board, to fill this vacancy, such appointment to be effective immediately. Mr. Raz Haim is a leading entrepreneur and businessman in the Israeli hospitality and dining industries and operates businesses that host events that cater to over 10,000 patrons per month and employ over 150 people. Mr. Raz Haim holds a bachelor’s degree and is a member of the international gastronomic society - Confrérie de la Chaîne des Rôtisseurs. The Company further announces the appointment of Mr. Gadi Graus, as a member of the Board, effective immediately. Mr. Graus has 30 years experience advising multinational corporations on legal, business and related aspects of their, corporate, business and M&A activities. Prior to joining A2Z, Mr. Graus was a senior partner at Shibolet & Co., one of Israel’s largest law firms. Mr. Graus currently serves as President of the Company and as a director of Cust2Mate Ltd., one of the Company’s subsidiaries. Mr. Graus holds an LLB and an MBA. Board Change • Jan 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Niv Raz Haim was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 20
A2Z Smart Technologies Corp., Annual General Meeting, Feb 28, 2023 A2Z Smart Technologies Corp., Annual General Meeting, Feb 28, 2023. Tillkännagivande • Jan 19
A2z Smart Technologies Launches Next Generation V2.8 Light Smart Cart A2Z Smart Technologies Corp. announced that it has developed and launched a new Smart Cart model which will extend and complement the Company's current offerings. The new Version 2.8 has been developed after consultation with major retailers around the world, predominately in the European and Asian markets.The new V2.8 is a lighter model and comes in 180 litre and 75 litre sizes. This allows product offering to now be used in stores of all sizes from hypermarket right down to convenience stores, and in a variety of retail fields from groceries and supermarkets to drugstores and duty free shops. The new versions carry the same touch screens and all the security features as their big brother. This brings the suite of smart carts on offer now to four, ranging from 270 litre down to 75litre carts which make it the most comprehensive offering in the market. Tillkännagivande • Jan 13
A2Z Smart Technologies Announces That It Will Display Its Smart Cart Line of Products At the NRF 2023 Big Retail Show in NYC A2Z Smart Technologies Corp. announced that it will participate at the NRF 2023 Big Retail Show in New York from January 14, 2023 to January 17, 2023. The event will be held at the Javits Centre and Cust2mate will display its line of smart cart products at booth number 62570 located on the floor of the event where the company will show all latest exciting developments. Added to this, the company will have the benefit of being able to do live demonstrations in Morton Williams West End Store where customers can use the smart carts by themselves. Cust2Mate is an advanced proven-in-use mobile self-checkout (SCO) smart cart for retail markets. With its user-friendly smart algorithm, touch screen, and computer-vision system, Cust2Mate streamlines the retail shopping experience by scanning purchased products and enabling in-cart payment so that customers can simply "pick & go", and bypass long cashier checkout lines. This results in a more efficient shopping experience for customers, less unused shelf-space and manpower requirements, and advanced command and control capabilities for store managers. Tillkännagivande • Jan 07
A2Z Smart Technologies Corp. Announces Change in Board of Directors A2Z Smart Technologies Corp. announced that Mr. Shlomo Paksher has resigned from the board of directors of the Company and the Board has accepted his resignation. The Company also announced the appointment of Mr. Niv Raz Haim, as an independent member of the Board, to fill this vacancy, such appointment to be effective immediately. Mr. Raz Haim is a leading entrepreneur and businessman in the Israeli hospitality and dining industries and operates businesses that host events that cater to over 10,000 patrons per month and employ over 150 people. Mr. Raz Haim holds a bachelor's degree and is a member of the international gastronomic society - Confrérie de la Chaîne des Rôtisseurs. The Company further announced the appointment of Mr. Gadi Graus, as a member of the Board, effective immediately. Mr. Graus has 30 years experience advising multinational corporations on legal, business and related aspects of their, corporate, business and M&A activities. Prior to joining A2Z, Mr. Graus was a senior partner at Shibolet & Co., one of Israel's largest law firms. Mr. Graus currently serves as President of the Company and as a director of Cust2Mate Ltd., one of the Company's subsidiaries. Mr. Graus holds an LLB and an MBA. Reported Earnings • Nov 17
Third quarter 2022 earnings released: US$0.22 loss per share (vs US$0.073 loss in 3Q 2021) Third quarter 2022 results: US$0.22 loss per share (further deteriorated from US$0.073 loss in 3Q 2021). Revenue: US$2.65m (up US$2.37m from 3Q 2021). Net loss: US$5.96m (loss widened 241% from 3Q 2021). Revenue is forecast to grow 111% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Aerospace & Defense industry in Canada. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. President, CEO & Director Bentsur Joseph is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 03
A2Z Smart Technologies Corp. announced that it has received CAD 5.539707 million in funding On November 1, 2022, A2Z Smart Technologies Corp. closed the transaction. The company has issued 2,978,337 units at an issue price of CAD 1.86 per share for gross proceeds of CAD 5,539,706.82. The transaction included participation from certain directors and officers of the company. Closing of the transaction is subject to receipt of TSX Venture Exchange approval. Tillkännagivande • Oct 25
A2Z Smart Technologies Corp. announced that it expects to receive CAD 4.133335 million in funding A2Z Smart Technologies Corp. announced a private placement of up to 2,222,223 units at a price of CAD 1.86 per unit, for gross proceeds of up to CAD 4,133,333 on October 24, 2022. Each Unit is composed of one common share of the Company and one-half of one common share purchase warrant. Each Warrant entitles the holder thereof to acquire one additional common share of the Company, upon payment to the Company of CAD 2.20 per Warrant Share for a period of 24 months following receipt of final TSX Venture Exchange approval. The transaction may include participation from certain directors and officers of the company for an amount of up to $750,000 (CAD 1,033,333.3). The transaction is subject to the final approval of the TSXV. Tillkännagivande • Sep 16
A2Z Smart Technologies Corp. Makes Smart Carts Available to Customers of Chedraui A2Z Smart Technologies Corp. announced that the twelve of the Company's innovative smart cart solution will be available to the public at Chedraui's store in Mexico City after the completion of a successful integration process with Toshiba point-of-sale and extensive internal testing by Chedraui. A2Z's Cust2Mate Smart Cart streamlines the shopping experience by recognizing every purchased item and enabling in-cart payment so that shoppers skip lines, while also allowing retail grocers to direct shoppers to discounted products and in-store promotions to efficiently manage and move inventory. Tillkännagivande • Sep 08
A2Z Smart Technologies Corp. Announces Appointment of Yaniv Levy as Director of Customer Success A2Z Smart Technologies Corp. announced the appointment of Mr. Yaniv Levy to the position of Director of Customer Success. Prior to joining A2Z, Mr. Levy held the role of Head of International Delivery at NCR with responsibilities in managing worldwide delivery. Mr. Levy brings a wealth of logistical experience to the company with over 20 years working in international companies in the retail, travel and cyber security arenas. Mr. Levy will be responsible for managing A2Z's continued rollout internationally and will focus primarily on the successful transition from Pilot to full implementation of the Company's Smart Cart Solution and ensuring that the "customer life cycle" is seamless. Reported Earnings • Aug 16
Second quarter 2022 earnings released: US$0.11 loss per share (vs US$0.20 loss in 2Q 2021) Second quarter 2022 results: US$0.11 loss per share (up from US$0.20 loss in 2Q 2021). Revenue: US$1.43m (up 1.9% from 2Q 2021). Net loss: US$2.95m (loss narrowed 35% from 2Q 2021). Over the next year, revenue is forecast to grow 778%, compared to a 48% growth forecast for the Aerospace & Defense industry in Canada. Reported Earnings • May 19
First quarter 2022 earnings released: US$0.088 loss per share (vs US$1.35 loss in 1Q 2021) First quarter 2022 results: US$0.088 loss per share (up from US$1.35 loss in 1Q 2021). Revenue: US$1.45m (up 180% from 1Q 2021). Net loss: US$2.35m (loss narrowed 92% from 1Q 2021). Over the next year, revenue is forecast to grow 517%, compared to a 57% growth forecast for the industry in Canada. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. President, CEO & Director Bentsur Joseph is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2021 earnings released: US$1.73 loss per share (vs US$0.35 loss in FY 2020) Full year 2021 results: US$1.73 loss per share (down from US$0.35 loss in FY 2020). Revenue: US$2.69m (up 151% from FY 2020). Net loss: US$40.3m (loss widened US$34.3m from FY 2020). Over the next year, revenue is forecast to grow 496%, compared to a 45% growth forecast for the industry in Canada. Recent Insider Transactions • Feb 26
President recently sold CA$1.6m worth of stock On the 17th of February, Bentsur Joseph sold around 185k shares on-market at roughly CA$8.51 per share. This was the largest sale by an insider in the last 3 months. This was Bentsur's only on-market trade for the last 12 months. Tillkännagivande • Feb 16
A2z Smart Carts Now Available At Evergreen's Monsey, New York Location A2Z Smart Technologies Corp. announced that following the integration, implementation and QA of the smart carts by the A2Z team during the last few weeks at the client's location, the Company is launching it's Cust2Mate's smart carts as part of the pilot program with Evergreen a supermarket chain with locations in New York and New Jersey. The pilot has begun at Evergreen's Monsey, New York location, with Cust2Mate Smart Carts ready for customer use. A2Z's all in one Smart Cart solution facilitates the customer's journey by recognizing every purchased item and enabling an application marketplace, fruit and vegetables identification by computer vision, coupons and advertising and in-cart payment including e-wallet payment, so that shoppers can skip lines, while also allowing retail grocers to use targeting promotions and to efficiently manage and move inventory. Tillkännagivande • Feb 11
A2Z Smart Technologies Corp. Begins Pilot with Chedraui, Grocery and Department Store Chain in Mexico A2Z Smart Technologies Corp. announced that the company has launched a pilot program for its Cust2Mate smart carts with Chedraui, the third large retailer in Mexico, operating more than 250 stores as well as operating stores in California, Arizona, New Mexico, and Nevada under the name El Super. The first smart carts have arrived at Chedraui's store in Mexico City. A2Z anticipates that a successful pilot will lead to a rollout with the Chidraui chain. A2Z's Cust2Mate Smart Cart streamlines the shopping experience by recognizing every purchased item and enabling in-cart payment so that shoppers skip lines, while also allowing retail grocers to direct shoppers to discounted products and in-store promotions to efficiently manage and move inventory. Tillkännagivande • Feb 04
A2Z Smart Technologies Corp. (TSXV:AZ) completed the acquisition of Isramat Ltd. A2Z Smart Technologies Corp. (TSXV:AZ) agreed to acquire Isramat Ltd for ILS 10.4 million on January 16, 2022. Under the terms, ILS 2.8 million will be paid in cash and ILS 6.5 million will be paid through issuance of 273,774 common shares. The Acquisition Shares will be subject to a lock-up period and shall be released as follows: (i) during the first 6 months following signing of the SPA (but in any event not prior to 4 months and one day following the issuance of the Acquisition Shares), the holders of the Acquisition Shares will not be allowed to sell or otherwise transfer any of the Acquisition Shares, (ii) during each of the 20 months following the 6-month period detailed above, each Shareholder will be entitled to sell or otherwise transfer up to 1/20 of his pro rata portion of the Acquisition Shares, subject to applicable securities laws, and (iii) following the lapse of 26 months following the signing of the SPA, each Shareholder shall be entitled to freely trade its Acquisition Shares. Closing of the transaction is subject to standard terms and conditions found in acquisitions of and by corporations of similar size and type as Isramat and A2Z, including receipt of all applicable regulatory approvals including that of the TSX Venture Exchange (“TSXV”), and provides for an aggregate acquisition price.
A2Z Smart Technologies Corp. (TSXV:AZ) completed the acquisition of Isramat Ltd on February 3, 2022. All closing conditions precedent have been fulfilled. Tillkännagivande • Jan 19
A2Z Smart Technologies Corp. (TSXV:AZ) agreed to acquire Isramat Ltd for ILS 10.4 million. A2Z Smart Technologies Corp. (TSXV:AZ) agreed to acquire Isramat Ltd for ILS 10.4 million on January 17, 2022. Under the terms, ILS 2.8 million will be paid in cash and ILS 6.5 million will be paid through issuance of 273,774 common shares. The Acquisition Shares will be subject to a lock-up period and shall be released as follows: (i) during the first 6 months following signing of the SPA (but in any event not prior to 4 months and one day following the issuance of the Acquisition Shares), the holders of the Acquisition Shares will not be allowed to sell or otherwise transfer any of the Acquisition Shares, (ii) during each of the 20 months following the 6-month period detailed above, each Shareholder will be entitled to sell or otherwise transfer up to 1/20 of his pro rata portion of the Acquisition Shares, subject to applicable securities laws, and (iii) following the lapse of 26 months following the signing of the SPA, each Shareholder shall be entitled to freely trade its Acquisition Shares. Closing of the transaction is subject to standard terms and conditions found in acquisitions of and by corporations of similar size and type as Isramat and A2Z, including receipt of all applicable regulatory approvals including that of the TSX Venture Exchange (“TSXV”), and provides for an aggregate acquisition price. Tillkännagivande • Jan 15
A2Z Smart Technologies Corp. Introduces All-in-One Cust2mate Smart Cart Platform at NRF National Retail Federation in New York A2Z Smart Technologies Corp. announced that it will exposé its Cust2Mate Smart Cart Platform at the National Retail Federation Big Show finally offering major retail chains a market-ready system with advanced technology designed for attractive retail ROI and fun for the customer to use. Attendees can work with the Cust2Mate Smart Cart in the NRF Edgify Booth 3253 on January 16-18 at the Jacob Javits Center in New York. Reliable and ROI for Retailers: Cust2Mate's technology reduces shrinkage with an anti-fraud advanced technology. The Smart Cart seamlessly integrates several technologies using AI, computer vision and secure edge computing. These provide inventory control that minimizes stockout risk as well as real time business intelligence that personalizes the customer experience, increases purchasing. Using Edgify's collaborative AI and computer vision for real time updates of new SKUs and pricing changes, Cust2Mate recognize non-barcoded items (fruits and vegetables). Using their algorithms, Edgify enables any SKU information change to be updated every computer device under each cart, in every store across the entire chain That minimizes the security needs costly servers and infrastructure compared with a less secure and private, cloud-based system. Shopper data stays in the store. Tillkännagivande • Jan 06
A2Z Smart Technologies Corp.'s Common Stock Deleted from Other OTC A2Z Smart Technologies Corp.'s Common Stock have been deleted from other OTC effective from January 5, 2022 due to Market Center Change Listed on NASDAQ. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: US$278.0k (down 1.1% from 3Q 2020). Net loss: US$1.75m (loss widened 127% from 3Q 2020). Revenue was in line with analyst estimates. Reported Earnings • Sep 01
Second quarter 2021 earnings released: US$0.20 loss per share (vs US$0.022 loss in 2Q 2020) The company reported a decent second quarter result with improved revenues, although losses increased and control over costs was weaker. Second quarter 2021 results: Revenue: US$1.40m (up US$1.17m from 2Q 2020). Net loss: US$4.52m (loss widened US$4.17m from 2Q 2020). Tillkännagivande • Jun 05
A2Z Smart Technologies Corp. announced that it has received CAD 10.654202 million in funding On June 4, 2021, A2Z Smart Technologies Corp. (TSXV:AZ) closed the transaction. He company issued 3,916,986 units for gross proceeds of CAD 10,650,00. The company issued 1,203,944 for gross proceeds of CAD 3,274,727 in its second tranche. 663,299 of the Unit Shares are restricted until September 15, 2021 and 3,253,687 of the Unit Shares are restricted until September 29, 2021. Each Warrant entitles the holder thereof to acquire one additional common share of the Company (each a “Warrant Share”), upon payment to the Company of CAD$3.68 per Warrant Share. 663,299 of the Warrants shall expire on April 14, 2023 and 3,253,687 shall expire on May 28, 2023. A finder’s fee of CAD 563,737 was paid in connection with the transaction. Reported Earnings • Jun 04
First quarter 2021 earnings released: US$0.45 loss per share (vs US$0.01 loss in 1Q 2020) The company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$516.0k (up 77% from 1Q 2020). Net loss: US$30.0m (loss widened US$29.5m from 1Q 2020). Tillkännagivande • May 12
A2Z Smart Technologies Corp. announced that it expects to receive CAD 9.999998 million in funding A2Z Smart Technologies Corp. (TSXV:AZ) announced a private placement of up to 3,676,470 units at a price of CAD 2.72 per unit for gross proceeds of up to CAD 9,999,998 on May 11, 2021. Each unit consist of one common share and one common share purchase warrant. Each Warrant entitles the holder thereof to acquire one additional common share, upon payment to the Company of CAD 3.68 per warrant share for a period of 24 months following receipt of final TSXV approval. The company received conditional TSX Venture Exchange approval. The company will pay finder’s fee of up to 5% of the gross proceeds. Closing of the Offering remains subject to the final approval of the TSXV. Reported Earnings • May 03
Full year 2020 earnings released: US$0.12 loss per share (vs US$0.069 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$1.07m (down 18% from FY 2019). Net loss: US$5.95m (loss widened 112% from FY 2019). Tillkännagivande • Apr 10
A2Z Smart Technologies Corp. announced that it has received CAD 1.804171 million in funding A2Z Smart Technologies Corp. (TSXV:AZ) announced a private placement of 663,298 units at a price of CAD 2.72 per unit for gross proceeds of CAD 1,800,000 on April 9, 2021. Each unit will be comprised of one common share and one common share purchase warrant of the company. Each warrant is exercisable into one additional common share at a price of CAD 3.68 per warrant share for a period of 24 months following receipt of final TSXV approval. After the TSXV’s conditional approval an additional 1,726,408 units remain available for issuance. The closing of the transaction are subject to the final approval of the TSXV. Tillkännagivande • Mar 06
A2Z Smart Technologies Announce Commencement of Global Rollout of its Cust2Mate Smart Cart A2Z Smart Technologies Corp. announced that it has begun the process of rolling out its Cust2mate Smart Shopping Cart product to the worldwide market. Following on from the Company's recent first commercial purchase order from M. Yochananof & Sons (1988) Ltd., a leading Israeli supermarket chain and their expected pilot with the largest hypermarket retail chain in the Middle East over the coming weeks, the Company announced that it is currently putting in place the personnel and logistics to deal with the order flow. The initial regions of focus are North America, Europe and the Middle East. Tillkännagivande • Feb 20
A2Z Smart Technologies Corp. Appoints Yonatan De Jongh to Its Board of Directors A2Z Smart Technologies Corp. announced the appointment of Mr. Yonatan de Jongh to the board of directors of the Company in order to comply with NASDAQ listing requirements. The nomination of Mr. De Jongh is effective immediately. Mr. De Jongh currently serves as a senior manager for Revenues and Billing at DraftKings, a Sports Betting Solutions & iGaming Platform where he was responsible for the billing cycle, revenue recognition, revenue analysis as well tax reporting. Prior to that he held the position of Billing Operation and Revenue senior analyst at Kenshoo. Mr. De Jongh began his career Ernst & Young (Israel) where he worked for six years and gained experience in auditing public and private industrial, retail and holding companies, real estate companies and non-profit organizations many of which implement IFRS. Is New 90 Day High Low • Feb 20
New 90-day high: CA$4.70 The company is up 518% from its price of CA$0.76 on 20 November 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 30
New 90-day high: CA$1.19 The company is up 83% from its price of CA$0.65 on 30 October 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 31% over the same period.