A2Z Cust2Mate Solutions Corp Stock Price, News & Analysis

A2Z Smart Technologies Corp. (Nasdaq:AZ) reported positive results from its Cust2Mate Smart Cart deployment at Yochananof supermarket in Israel. Over 30 days, the Smart Carts sold an average of 36.2 items per basket, outperforming traditional lanes (31.3) and self-checkout (27.4) by 15.7% and 32.1%, respectively. Average spending per basket was NIS 378.4 ($117.15), a 19.6% increase over traditional and 33.9% over self-checkout. Customer feedback was overwhelmingly positive, indicating strong potential for revenue growth for retailers utilizing this technology.

A2Z Smart Technologies Corp. (NASDAQ:AZ) has partnered with Cardknox to integrate its payment platform with the Cust2Mate smart shopping cart. This collaboration allows grocers to accept diverse payment methods, including eWIC, credit and debit cards, and mobile wallets, enhancing the in-cart payment process. The Cust2Mate smart cart improves shopping efficiency by allowing customers to make in-cart payments, avoiding long checkout lines. Cardknox's secure payment processing capabilities will greatly benefit Cust2Mate users by offering flexible payment solutions.

A2Z Smart Technologies Corp. (NASDAQ:AZ) has launched its Cust2Mate Smart Carts at Evergreen Kosher Market in Monsey, New York, following integration and quality assurance. This innovative solution enhances shopping by recognizing purchased items, enabling in-cart payments, and allowing retailers to manage promotions effectively. CEO Rafi Yam highlighted the cart's ability to provide a 'frictionless' shopping experience, reducing wait times for customers. This pilot program marks a significant step in bringing smart cart technology to U.S. consumers.

A2Z Smart Technologies Corp. (NASDAQ:AZ) has launched a pilot program for its Cust2Mate smart carts with Chedraui, Mexico's third-largest retailer, which operates over 250 stores. The initial carts have been deployed at Chedraui's flagship location in Mexico City. The Cust2Mate system enhances the shopping experience by allowing in-cart payments and providing access to discounts, ultimately facilitating a quicker checkout process. A successful pilot could lead to further rollouts across Chedraui's locations, enhancing A2Z's market presence.

A2Z Smart Technologies Corp. (Nasdaq: AZ) has initiated a pilot program for its Cust2Mate smart carts with Chedraui, Mexico's third-largest retailer with over 250 stores. The first carts have arrived at Chedraui's flagship store in Mexico City. This innovative technology enhances the shopping experience by facilitating in-cart payments and promoting discounts. A2Z aims to expand its partnership, contingent on the pilot's success.

A2Z Smart Technologies Corp. (NASDAQ:AZ) has successfully completed its acquisition of Isramat Ltd, fulfilling all closing conditions announced on January 17, 2022. This strategic acquisition will enhance A2Z's manufacturing capabilities for its Cust2Mate smart cart, supporting the expected global growth in demand. CEO Joseph Bentsur stated that collaboration with Isramat aims to optimize production costs, improve margins, and enhance supply chain efficiencies, marking a significant step in scaling operations to meet consumer needs.

A2Z Smart Technologies Corp. (NASDAQ:AZ) announced its acquisition of Isramat Ltd, a precision metal parts manufacturer, for NIS 9.3 million (approximately US$2.989 million). This strategic move aims to vertically integrate manufacturing for A2Z's Cust2Mate smart cart, enhancing production capabilities and reducing costs. Isramat generated revenues of NIS 17.312 million (~US$5.56 million) in 2020. The transaction involves cash and equity consideration. The acquisition is expected to improve margins, streamline supply chains, and support global growth, pending regulatory approvals.

A2Z Smart Technologies Corp. (NASDAQ:AZ) will showcase its Cust2Mate Smart Cart Platform at the National Retail Federation Big Show from January 16-18 in New York. This advanced system aims to enhance ROI for retailers and improve the shopping experience for customers. The smart cart integrates AI and computer vision, providing real-time inventory control and personalized shopping experiences. Customers can utilize contactless payment options and enjoy promotions while shopping.