A2Z Cust2Mate - Follow Up Order from Franprix
Rhea-AI Summary
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) announced a follow-up order to deploy its new generation Cust2Mate 3.0 smart shopping carts at an additional 10 Franprix stores in Paris, France in Q4, 2024. This order follows the successful deployment of smart carts at Franprix in August 2024, pursuant to a framework agreement with IR2S.
The Cust2Mate 3.0 carts feature advanced AI technology, self-scanning, and in-cart payments for a convenient 'pick and go' experience. New features include an automatically updated shopping list and advanced retail media capabilities such as in-store location-based advertising and customized advertising based on cart contents, historic purchases, and shopping lists.
Gadi Graus, CEO of A2Z Cust2mate, expressed pride in expanding the deployment, citing it as a testament to the superior shopping experience and added value for retailers.
Positive
- Received follow-up order for 10 additional Franprix stores in Paris
- Successful deployment of smart carts at Franprix in August 2024
- Introduction of new features in Cust2Mate 3.0 smart carts
- Expansion indicates customer satisfaction and added value for retailers
Negative
- None.
Insights
This follow-up order from Franprix for A2Z Cust2Mate's smart shopping carts is a positive development for the company. The expansion to an additional 10 stores in Paris demonstrates market traction and customer satisfaction with the initial deployment. The new generation Cust2Mate 3.0 carts offer advanced features like AI technology, self-scanning, in-cart payments and retail media capabilities, which could potentially increase revenue streams for A2Z.
However, investors should note that the financial impact is not quantified in the announcement. The scale of the order (10 stores) suggests it may have a modest impact on A2Z's
The retail tech sector is competitive and A2Z will need to demonstrate consistent growth and profitability to justify its valuation. Investors should monitor future financial reports for evidence of revenue growth and margin improvements resulting from these deployments.
A2Z Cust2Mate's smart cart technology addresses key pain points in retail: long checkout lines and inefficient store operations. The follow-up order from Franprix indicates that the initial deployment likely met or exceeded expectations in terms of customer experience and operational efficiency.
The new Cust2Mate 3.0 features, particularly the advanced retail media capabilities, are significant. In-store location-based advertising and personalized promotions based on shopping history and real-time cart contents can drive higher average transaction values and improve supplier relationships for retailers. This positions A2Z's solution as more than just a convenience tool, but as a revenue-generating platform.
However, the adoption curve for such transformative technologies in retail can be slow. Investors should watch for announcements of partnerships with larger retail chains and expansion into new geographic markets as indicators of scalability and long-term growth potential.
Following the launch of its smart carts at Franprix, A2Z Cust2mate receives a follow-up order for its smart carts from Franprix franchise stores
TEL AVIV, ISRAEL / ACCESSWIRE / September 27, 2024 / A2Z Cust2Mate Solutions Corp. ("A2Z") ("Company"), (NASDAQ:AZ)($AZ)(FRA - WKN:A3CSQ), a global leader in innovative technology solutions, announced today that it received a follow-up order to deploy its new generation Cust2Mate 3.0 smart shopping carts at an additional 10 stores of Franprix in Paris, France in Q4, 2024.
A2Z Cust2Mate Receives Follow-Up Order from Franprix
This follow up order is in addition to the successful deployment of smart carts at Franprix in Paris France in August, 2024, and is pursuant to the framework agreement with IR2S. See press releases dated September 20, 2023 and August 6, 2024.
In addition to their advanced AI technology, self-scanning, and in-cart payments for a convenient "pick and go" experience, A2Z Cust2Mate's generation 3.0 smart shopping carts include several new features including a shopping list which is automatically updated as the shopper progresses and advanced retail media capabilities such as in-store location based advertising and customized advertising targeting both, on cart and historic shopping purchases, as well as the shopping list and other triggers.
Gadi Graus, CEO of A2Z Cust2mate, said: "We are proud and delighted to expand the deployment of our smart carts to additional Franprix stores; a testament to the superior shopping experience and customer satisfaction our smart carts provide to shoppers and the added value we bring to retailers."
For more information about A2Z Cust2mate, please visit: www.cust2mate.com.
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About A2Z Cust2Mate Solutions Corp.
A2Z Cust2Mate Solutions Corp. creates innovative solutions for complex challenges. A2Z's flagship product is the world's first proven-in-use mobile self-checkout shopping cart. With its user-friendly smart algorithm, touch screen, and other technologies, 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.
Forward Looking Statements
Matters discussed in this press release may contain forward-looking statements that are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company's filings with the on SEDAR and with the Securities and Exchange Commission. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. Forward-looking statements contained in this announcement are made as of this date, and 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.
Company Contact:
Gadi Graus, CEO
Gadi.g@a2zas.com
+972-3-3732328
Investor Contacts:
John Gildea, VP corporate communication
john@a2zas.com
+353-8-68238177
SOURCE: A2Z Cust2Mate Solutions Corp.
View the original press release on accesswire.com
FAQ
What is the new order A2Z Cust2Mate (AZ) received from Franprix?
What new features does the Cust2Mate 3.0 smart shopping cart offer?
When did A2Z Cust2Mate (AZ) first deploy smart carts at Franprix?
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