A2Z/Cust2mate Bolsters Leadership with New Chief Technology Officer and Expands Intellectual Property Footprint; Carrefour Update

Rhea-AI Summary

A2Z Smart Technologies Corp. announces the appointment of Dan Bechar as Chief Technology Officer of its subsidiary Cust2mate and the issuance of a US patent titled 'Shopping cart and system'. Bechar's appointment will lead A2Z's digital transformation efforts in the retail market, leveraging data analytics-driven insights. The patent highlights A2Z's dedication to revolutionizing the retail experience through cutting-edge technology.

Positive

• The appointment of Dan Bechar as CTO of Cust2mate positions A2Z for digital transformation in the retail market.
• Bechar's experience in ML/CV/AI, AR/VR, and SaaS domains will guide A2Z's product development and customer engagement strategies.
• A2Z's US patent titled 'Shopping cart and system' enhances the convenience and efficiency of the shopping process.
• Cust2Mate's smart cart platform offers personalized shopping experiences, on-cart payment options, and an intuitive touchscreen interface.
• A2Z's partnership with Carrefour for the connected cart project will be subject to a formal RFQ process.

Negative

• None.

TEL AVIV, ISRAEL / ACCESSWIRE / November 3, 2023 / A2Z Smart Technologies Corp. ("A2Z" or the "Company") (Nasdaq:AZ)(TSXV:AZ)($AZ), a global leader in innovative technology solutions, is excited to share two significant developments: the appointment of Dan Bechar as Chief Technology Officer (CTO) of Cust2mate, A2Z's smart cart subsidiary and the issuance of U.S. Patent No. 11,715,082 titled "Shopping cart and system."

Dan Bechar's appointment as CTO is a pivotal moment for A2Z. With a diverse background that spans both corporate giants such as ECI Telecom and agile startups like Pointgrab and MantisVision, Dan brings a wealth of experience in large-scale operations. His deep immersion in ML/CV/AI, AR/VR, and SaaS domains positions him to lead the charge in our digital transformation efforts within the retail market. His past accomplishments in scaling R&D organizations, and building and implementing AI-powered solutions have consistently delivered disruptive results. Dan's vision revolves around enhancing the in-store customer experience by seamlessly blending the physical and digital realms. He will spearhead our digital transformation strategy, leveraging data analytics-driven insights to guide product development, customer engagement, and overall business strategy, while structuring the software architecture of our new generation smart cart.

Additionally, A2Z is proud to announce the grant on August 1, 2023 of U.S. Patent No. 11,715,082, a significant milestone in our dedication to revolutionizing the retail experience through cutting-edge technology. Titled "Shopping cart and system," this patent underscores our ongoing efforts to create a smarter, more efficient, and frictionless shopping experience. Cust2Mate's patented technology enhances the convenience and efficiency of the shopping process, utilizing RFID scanners and computer vision to identify products, big data and machine learning to understand shopper preferences, and innovative features like a smart security scale and wellness tracking. The integrated retail media keeps shoppers informed and engaged, offering an unparalleled shopping experience.

Key components of the Cust2Mate smart cart platform include personalized shopping experiences, on-cart payment options, and an intuitive touchscreen interface. Together, these elements empower customers to navigate stores with ease, make informed purchasing decisions, and complete transactions effortlessly, all while bypassing long checkout lines.

Further to A2Z's announcement from October 25, 2023, regarding Carrefour's connected cart project, A2Z would like to clarify that all purchase orders from Carrefour will be subject to a formal RFQ process, setting commercial terms, quantities and delivery dates.

For more information on A2Z Subsidiary Cust2Mate, please visit www.cust2mate.com. For details on investing in A2Z (NASDAQ:AZ) ($AZ), visit www.a2zas.com.

About A2Z Smart Technologies Corp.

A2Z Smart Technologies Corp. creates innovative solutions for complex challenges. A2Z's flagship product is an advanced proven-in-use mobile self-checkout shopping chart. 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.

Cautionary Statement Regarding Forward-looking Statements

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States or elsewhere.

Company Contact:

Gadi Graus, President
gadi.g@a2zas.com
+972-3-37372288

Investor Contacts:

Brett Maas, Managing Principal, Hayden IR, LLC
brett@haydenir.com
(646) 536-7331

SOURCE: A2Z Smart Technologies Corp.

View source version on accesswire.com:
https://www.accesswire.com/799281/a2zcust2mate-bolsters-leadership-with-new-chief-technology-officer-and-expands-intellectual-property-footprint-carrefour-update

FAQ

Who is the new Chief Technology Officer of Cust2mate?

The new Chief Technology Officer of Cust2mate is Dan Bechar.

What is the US patent titled?

The US patent is titled 'Shopping cart and system'.

What are the key components of the Cust2Mate smart cart platform?

The key components of the Cust2Mate smart cart platform include personalized shopping experiences, on-cart payment options, and an intuitive touchscreen interface.

What is A2Z's partnership with Carrefour for?

A2Z's partnership with Carrefour is for the connected cart project.

What process will Carrefour's purchase orders be subject to?

Carrefour's purchase orders will be subject to a formal RFQ process.