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A2Z Cust2Mate Launches Its Smart Carts at Franprix in Paris

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A2Z Smart Technologies Corp. (NASDAQ:AZ) has launched its Cust2Mate 3.0 smart shopping carts at Franprix in Paris, France. This deployment is part of a framework agreement with IR2S to roll out 30,000 smart carts by 2026 across French retail chains. The innovative carts feature AI technology, self-scanning, and in-cart payments for a seamless shopping experience.

The smart carts aim to enhance convenience, redefine shopping, and streamline checkout processes. The Smart Shopping Cart Market is projected to grow at a CAGR of 27.59%, reaching USD 9.74 billion by 2030. This partnership with Franprix, a leading grocery chain with over 600 stores, marks a significant step in A2Z's expansion in the rapidly growing market.

A2Z Smart Technologies Corp. (NASDAQ:AZ) ha lanciato i suoi carrelli intelligenti Cust2Mate 3.0 presso Franprix a Parigi, Francia. Questo lancio fa parte di un accordo quadro con IR2S per distribuire 30.000 carrelli intelligenti entro il 2026 in diverse catene di vendita al dettaglio francesi. I carrelli innovativi sono dotati di tecnologia AI, scansione autonoma e pagamenti in-carrello per un'esperienza di shopping senza interruzioni.

I carrelli intelligenti mirano a migliorare la comodità, ridefinire lo shopping e semplificare i processi di checkout. Si prevede che il mercato dei carrelli intelligenti crescerà a un CAGR del 27,59%, raggiungendo 9,74 miliardi di USD entro il 2030. Questa partnership con Franprix, una delle principali catene di supermercati con oltre 600 negozi, rappresenta un passo significativo nell'espansione di A2Z in un mercato in rapida crescita.

A2Z Smart Technologies Corp. (NASDAQ:AZ) ha lanzado sus carritos de compras inteligentes Cust2Mate 3.0 en Franprix en París, Francia. Este lanzamiento forma parte de un acuerdo marco con IR2S para implementar 30,000 carritos inteligentes para 2026 en las cadenas de retail francesas. Los carritos innovadores cuentan con tecnología de IA, escaneo automático y pagos en el carrito para una experiencia de compra sin interrupciones.

Los carritos inteligentes tienen como objetivo mejorar la comodidad, redefinir la experiencia de compra y agilizar los procesos de pago. Se proyecta que el mercado de carritos de compras inteligentes crezca a un crecimiento anual compuesto del 27.59%, alcanzando 9.74 mil millones de USD para 2030. Esta asociación con Franprix, una cadena de supermercados líder con más de 600 tiendas, marca un avance significativo en la expansión de A2Z en un mercado de rápido crecimiento.

A2Z 스마트 테크놀로지스 Corp.(NASDAQ:AZ)는 프랑스 파리의 Franprix에서 Cust2Mate 3.0 스마트 쇼핑 카트를 출시했습니다. 이번 배치는 2026년까지 30,000대의 스마트 카트를 프랑스 소매 체인에 배포하기 위한 IR2S와의 프레임워크 계약의 일환입니다. 혁신적인 카트에는 AI 기술, 셀프 스캐닝 및 카트 내 결제 기능이 포함되어 있어 원활한 쇼핑 경험을 제공합니다.

스마트 카트는 편리함을 증대시키고 쇼핑 방식을 재정의하며 결제 과정을 간소화하는 것을 목표로 합니다. 스마트 쇼핑 카트 시장27.59%의 연평균 성장률(CAGR)로 성장하여 2030년까지 97.4억 달러에 이를 것으로 예상됩니다. 600개 이상의 매장을 운영하는 선도적인 식료품 체인 Franprix와의 파트너십은 A2Z가 빠르게 성장하는 시장에서 확장하는 데 중요한 이정표입니다.

A2Z Smart Technologies Corp. (NASDAQ:AZ) a lancé ses chariots de courses intelligents Cust2Mate 3.0 chez Franprix à Paris, France. Ce déploiement fait partie d'un accord-cadre avec IR2S pour déployer 30 000 chariots intelligents d'ici 2026 dans les chaînes de distribution françaises. Les chariots innovants sont équipés de technologie AI, de scan autonome et de paiements en chariot pour une expérience de shopping fluide.

Les chariots intelligents visent à améliorer la commodité, redéfinir le shopping et rationaliser les processus de caisse. Le marché des chariots de courses intelligents devrait croître à un CAGR de 27,59%, atteignant 9,74 milliards USD d'ici 2030. Ce partenariat avec Franprix, une chaîne de supermarchés leader avec plus de 600 magasins, marque une étape significative dans l'expansion d'A2Z sur le marché en pleine croissance.

A2Z Smart Technologies Corp. (NASDAQ:AZ) hat seine Cust2Mate 3.0 smarten Einkaufswagen in Franprix in Paris, Frankreich, eingeführt. Diese Einführung ist Teil eines Rahmenvertrags mit IR2S zur Einführung von 30.000 smarten Wagen bis 2026 in französischen Einzelhandelsketten. Die innovativen Wagen verfügen über KI-Technologie, Selbst-Scanner und Bezahlungen im Wagen für ein nahtloses Einkaufserlebnis.

Die smarten Wagen sollen den Komfort erhöhen, das Einkaufen neu definieren und den Checkout-Prozess optimieren. Es wird erwartet, dass der Markt für intelligente Einkaufswagen mit einer jährlichen Wachstumsrate von 27,59% auf 9,74 Milliarden USD bis 2030 anwachsen wird. Diese Partnerschaft mit Franprix, einer führenden Lebensmittelkette mit über 600 Filialen, stellt einen bedeutenden Schritt in der Expansion von A2Z auf dem schnell wachsenden Markt dar.

Positive
  • Launch of Cust2Mate 3.0 smart shopping carts at Franprix in Paris
  • Framework agreement with IR2S to deploy 30,000 smart carts by 2026
  • Smart Shopping Cart Market projected to reach USD 9.74 billion by 2030 with 27.59% CAGR
  • Partnership with Franprix, a leading grocery chain with over 600 stores in France
Negative
  • None.

Insights

The launch of A2Z's Cust2Mate 3.0 smart shopping carts at Franprix in Paris marks a significant milestone in the retail technology landscape. This deployment is part of a larger agreement to roll out 30,000 smart carts across France by 2026, indicating substantial market penetration.

The smart cart's features, including AI technology, self-scanning and in-cart payments, address key pain points in the retail experience. The "connected store" concept bridges the gap between online and offline shopping, potentially increasing customer engagement and basket size. For investors, this represents a compelling growth opportunity in the rapidly expanding smart shopping cart market, projected to reach 9.74 billion by 2030 with a CAGR of 27.59%.

The positive reception from Franprix customers in Paris suggests strong consumer readiness for smart cart technology. This bodes well for A2Z's expansion plans and potential market share growth. The partnership with IR2S, a prominent retail technology integrator, provides A2Z with a strategic advantage for rapid deployment across France.

Investors should note the market leadership potential this agreement represents. With an average of 300 carts per store and thousands of stores in the pipeline, A2Z is positioning itself as a dominant player in the French retail tech sector. The projected market growth to 9.74 billion by 2030 indicates a substantial addressable market, offering significant upside for early movers like A2Z.

While specific financial figures are not provided, the scale of the deployment (30,000 carts by 2026) suggests a substantial revenue stream for A2Z. The company's NASDAQ listing (NASDAQ:AZ) provides liquidity and visibility to investors interested in the retail tech sector.

The smart cart market's projected CAGR of 27.59% outpaces many other tech sectors, indicating strong growth potential. Investors should consider the recurring revenue model potential from ongoing service and maintenance contracts. However, it's important to monitor A2Z's ability to scale operations and maintain profitability as they expand. The company's success in securing partnerships with major retailers like Franprix could lead to increased investor confidence and potential stock price appreciation.

A2Z Cust2mate Smart Shopping Carts to Revolutionize Retail Experience in France

TEL AVIV, ISRAEL / ACCESSWIRE / August 6, 2024 / A2Z Smart Technologies Corp. ("A2Z") ("Company"), (NASDAQ:AZ)($AZ)( FRA - WKN: A3CSQ), a global leader in innovative technology solutions, announced today the first deployment of its new generation Cust2Mate 3.0 smart shopping carts at Franprix in Paris, France. Franprix is a leading grocery chain that operates over 600 stores in France.

The launch is part of a framework agreement with IR2S , a distinguished integrator of advanced retail technologies, to deploy 30,000 smart carts until 2026 across renowned retail chains in France (see press release dated September 20, 2023 https://finance.yahoo.com/news/a2zs-cust2mate-ir2s-finalize-agreement-134500410.html ) .

The A2Z Cust2Mate innovative smart shopping carts that were deployed feature an all-in-one clip-on panel equipped with advanced AI technology, self-scanning, and in-cart payments for a convenient "pick and go" experience. The 3.0 carts enable the "connected store," combining online and physical shopping to offer exclusive promotions and personalized product recommendations as if shopping online. These carts enhance convenience, redefine the shopping experience, and streamline the checkout process, improving shopper satisfaction while increasing basket size and reducing shrinkage for retailers, thus revolutionizing the retail experience.

Customers based in Paris were able to use the carts for the first time during the public launch yesterday.

"The enthusiasm and positive feedback we received from our customers yesterday show that they are eager to embrace new technologies that enhance the shopping experience," said Tahar Ben Abdlkader, Store manager of the Franprix branch in Paris, 17th quarter. "We are thrilled to be the first Franprix location to deploy Cust2Mate's smart carts and look forward to continuing to revolutionize the way our customers shop".

"We are thrilled to advance our Cust2Mate partnership with the Franprix deployment," said Marc Dahan, CEO of IR2S. "Cust2Mate's 3.0 smart cart represents a significant leap forward in retail innovation, not only aligning with our vision of pioneering retail advancements but also setting a new benchmark for the industry across France."

The Smart Shopping Cart Market grew from USD 1.76 billion in 2023 to and is projected to grow USD 2.24 billion in 2024 and is expected to continue growing at a CAGR of 27.59%, reaching USD 9.74 billion by 2030 [1] . The agreement between Cust2Mate and IR2S spans thousands of stores across the country, with an average of 300 carts per store. Franprix is part of this strategic collaboration, bolstering Cust2Mate's leadership in the rapidly expanding market.

"We are proud to see our carts improve the shoppers' experience and store operations at this leading grocery chain," said Gadi Graus, CEO of A2Z Cust2mate. "Our partnership with IR2S, and Franprix's dedication to innovation, are key and we look forward to continuing and expanding our work here."

For more information about A2Z, please visit: www.a2zas.com

Please follow us on LinkedIn at: https://www.linkedin.com/company/cust2mate/mycompany/

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About A2Z Smart Technologies Corp.

A2Z Smart Technologies 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. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein.

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

[1] Global Smart Shopping Cart Market by Technology (Bar Codes, RFIDs, ZigBee), Mode of Sales (Direct, Distributor), Application - Forecast 2024-2030 (researchandmarkets.com)

SOURCE: A2Z Smart Technologies Corp.



View the original press release on accesswire.com

FAQ

What is the latest product launch by A2Z Smart Technologies (NASDAQ:AZ)?

A2Z Smart Technologies (NASDAQ:AZ) has launched its Cust2Mate 3.0 smart shopping carts at Franprix in Paris, France.

How many smart carts does A2Z plan to deploy in France by 2026?

A2Z plans to deploy 30,000 smart carts across renowned retail chains in France by 2026, as part of a framework agreement with IR2S.

What are the key features of A2Z's Cust2Mate 3.0 smart shopping carts?

Cust2Mate 3.0 smart shopping carts feature advanced AI technology, self-scanning, in-cart payments, and offer a 'pick and go' experience with personalized product recommendations.

What is the projected growth of the Smart Shopping Cart Market by 2030?

The Smart Shopping Cart Market is projected to grow at a CAGR of 27.59%, reaching USD 9.74 billion by 2030.

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