A2Z Cust2Mate Solutions Corp Stock Price, News & Analysis

A2Z Smart Technologies Corp. (NASDAQ:AZ) announced an expansion of its credit line with manufacturing partner Acromatis, allowing for the production of an additional 5,000 Generation 2.5 and 2.8 Smart Carts. The total credit line reaches US$17 million, enhancing manufacturing capacity without affecting working capital. Cust2Mate will pay 20% of manufacturing costs upfront, typically covered by initial retailer payments. CEO Rafael Yam expressed optimism about meeting growing retail demand for frictionless shopping solutions.

A2Z Smart Technologies Corp. (NASDAQ:AZ) has formed a partnership with STCR Business Systems to market its Cust2Mate Smart Carts in the USA and Caribbean. The Smart Carts enhance the shopping experience by allowing contactless payments and providing promotional guidance to shoppers. Currently utilized at 32 retail sites, these carts have reportedly increased sales per basket by 30%. STCR, with over 55 years in the retail technology sector, will support the rollout and integration of these innovative solutions for retailers.

A2Z Smart Technologies Corp. (NASDAQ:AZ) announced a partnership with Accenture Italy to enhance the market presence of its Cust2Mate Smart Cart Platform in Europe. This collaboration aims to promote the platform in Italy, showcasing it at the Accenture Innovation Center in Milan. The agreement includes promoting Cust2Mate products, overseeing integration into new locations, and providing maintenance and support. CEO Bentsur Joseph highlights this partnership as key for expanding the company’s footprint in the European retail market.

A2Z Smart Technologies Corp. (NASDAQ:AZ) reported a 180% increase in Q1 2022 revenues, reaching $1.4 million compared to $516 thousand in Q1 2021. Total assets increased to $15.6 million from $14.1 million in Q4 2021, while shareholders' equity remained at $10.9 million. The company projects revenues of approximately $15 million by year-end, driven by its smart cart business and four new pilots initiated across three countries. The successful acquisition of Isramat and heightened demand for its products support these forecasts.

A2Z Smart Technologies Corp. (NASDAQ:AZ) has announced a pilot program for its Cust2Mate Smart Carts with NTUC FairPrice, Singapore's largest supermarket chain. The carts, designed to enhance the shopping experience by eliminating checkout lines and managing inventory, will be available to consumers starting September 1, 2022. This initiative marks A2Z's entry into the Asian market, leveraging FairPrice's extensive network of over 230 locations. The Cust2Mate technology allows for in-cart payments and recognizes purchased items, targeting a more efficient shopping experience.

A2Z Smart Technologies Corp. (NASDAQ AZ) announced a follow-on order from Yochananof, an Israeli supermarket chain, for 1,000 Cust2Mate Smart Carts. This brings the total order value to approximately USD $10 million, with a USD $1.75 million down payment received. Delivery will be completed by October 31, 2022. The Cust2Mate Smart Cart enhances the shopping experience by enabling in-cart payments and promoting discounts, thereby streamlining retail operations. CEO Rafi Yam expressed enthusiasm regarding the positive customer feedback and the potential for wider retail adoption.

A2Z Smart Technologies Corp. (Nasdaq:AZ) announced that CEO Joseph Bentsur and Cust2Mate CEO Rafael Yam will ring the Nasdaq Opening Bell on May 2, 2022, to celebrate A2Z's recent listing on the exchange. The event will be live-streamed at 9:15 a.m. ET. A2Z's common stock began trading on Nasdaq on January 5, 2022, under the symbol 'AZ'. The company specializes in automation technologies, showcasing its innovative Cust2Mate Smart Cart Platform, which enhances the retail shopping experience.

A2Z Smart Technologies Corp. (NASDAQ:AZ) announced that all resolutions were successfully passed during its Annual and Special General Meeting on March 28, 2022. Key approvals include a rolling 10% stock option plan and an increase of restricted share units under the RSU Plan by 471,716, totaling 2,696,047 units. The company's innovative Cust2Mate product enhances retail shopping by allowing in-cart payment and reducing checkout time, improving efficiency for customers and store managers.

A2Z Smart Technologies Corp. (NASDAQ:AZ) announced the expansion of its Cust2Mate Smart Carts pilot program to Evergreen Kosher Market's Pomona, New Jersey location. Following a successful pilot at the Monsey store, the new implementation allows customers to have a seamless shopping experience with in-cart payments, helping reduce wait times and promoting store discounts. The Cust2Mate technology aims to enhance retail operations by streamlining inventory management and consumer experience.