Company: A2Z Smart Technologies
Website: www.a2zas.com
Stock Symbol: TSXV:AZ
Date Published: Nov 2, 2022
Transcript: Available

Video Transcript:

A2Z Smart Technologies Corp (TSXV:AZ) (NASDAQ:AZ) has increased the size of its non-brokered private placement.

The company is now looking to raise gross proceeds of up to US$5 million from the placement of up to 3,703,704 units priced at US$1.35 (CDN$1.86) per unit.

The units consist of 1 share and one-half a warrant, with each full warrant exercisable at US$1.60 (CDN$2.20) for 24 months.

Certain directors and officers of the company have indicated that they may subscribe in an amount of up to US$750,000.

The shares are currently trading at $1.63 on the TSX Venture Exchange.

A2Z, a technology company, has operated for more than 30 years in the security sector, mainly in robotics for security purposes, ranging from advanced automotive fire-prevention systems to remote-controlled bomb-disposal and fire-fighting robots.

Its flagship product is the world's first proven-in-use mobile self-checkout smart shopping chart, which the company develops, manufacturers and markets through its subsidiary Cust2mate (www.cust2mate.com).

In addition to its user-friendly smart algorithm, the smart cart incorporates features such as a scale and camera for identifying and weighing products, a screen for entering your shopping list and for receiving updates and sales while shopping, a bar code scanner, and a payment terminal.

For security, it has built in fraud detection that compares the items in the cart with the products scanned using a built-in scale, and a smart lock-down to prevent theft of the cart.

The weighing system lets shoppers weigh bulk items like fruits and vegetables right on the cart, automatically calculating their cost.

Cust2Mate also provides shelf heatmaps for targeted advertising, direct marketing and special promotions, encouraging fuller shopping carts that generate increased revenues and profits.

The ‘pick and go’ smart cart streamlines the shopping experience with automatic check-out, enabling customers to bypass long cashier checkout lines.

This results in a more efficient shopping experience for customers, less unused shelf-space and manpower requirements, and advanced control capabilities for store managers.

Unlike its competition, Cust2Mate’s smart carts are already operational with the company prepared to be a leader in the global high growth smart cart industry which is estimated at $6.5 billion by 2027.

For more information, please visit the company’s website at www.a2zas.com. Investor relations is handled by John Nesbett of IMS Investor Relations, who can be reached at 203-972-9200 or by email at a2z@IMSinvestorrelations.com.