A2Z's Cust2Mate Secures First Purchase Order to Deliver Smart Carts to Monoprix Stores

Rhea-AI Summary

A2Z Smart Technologies Corp. has received the first purchase order to deliver smart carts to Monoprix stores in France. The initial phase of the partnership involves the delivery of 250 smart carts to be deployed at 20 select Monoprix locations. A2Z aims to expand its presence in the French market with its detachable smart carts.

Positive

• A2Z has secured a purchase order from Monoprix to deliver smart carts.
• The partnership includes the deployment of 250 smart carts at 20 Monoprix locations.
• A2Z aims to expand its presence in the French market with its new detachable smart carts.

Negative

• None.

TEL AVIV, ISRAEL / ACCESSWIRE / October 30, 2023 / A2Z Smart Technologies Corp. ("A2Z" or the "Company") (NASDAQ:AZ)(TSXV:AZ)($AZ), a global leader in innovative technology solutions, announced that, further to its announcements from June 21, 2023 and September 20, 2023 of its channel partnership with IR2S intended to deploy 30,000 smart carts across France between 2023 and 2026 to leading retail chains in France, A2Z Cust2mate has received the first purchase order to deliver smart carts to Monoprix stores.

Recognized as a leading and well-established brand in France, Monoprix operates a diverse portfolio of over 700 locations¹ and operates as part of the Casino Group, which has a global footprint spanning over 11,500 locations worldwide.²

The initial phase of this strategic partnership involves the delivery of 250 smart carts, with anticipation for deployment at 20 select Monoprix locations starting within the current quarter of 2023.

Guy Mordoch, CEO of Cust2Mate, stated, "We are thrilled to announce our first purchase order from the IR2S partnership for delivery to such a prestigious French retail chain. I believe that we, together with IR2S, are well positioned to further expand our presence in the French market with our new detachable smart carts that enable an elevated shopping experience for customers."

Marc Dahan, CEO of IR2S, said, "I am delighted that the partnership with Cust2mate has taken off so smoothly. Through the powerful synergy of Cust2Mate's smart carts and IR2S's integration prowess and market presence, we are well-positioned to meet and hopefully surpass our target in France. From deep and many years of knowledge of the food retail market in France, we are convinced that Cust2Mate's smart carts will provide an important and necessary solution in many groceries in France."

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.

Company Contact:

Gadi Graus, President
Gadi.g@a2zas.com

Investor Contacts:

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

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.

¹ https://en.wikipedia.org/wiki/Monoprix

² https://www.groupe-casino.fr/en/#:~:text=Established%20almost%20125%20years%20ago,across%20France%20and%20Latin%20America.

SOURCE: A2Z Smart Technologies Corp.

View source version on accesswire.com:
https://www.accesswire.com/797301/a2zs-cust2mate-secures-first-purchase-order-to-deliver-smart-carts-to-monoprix-stores

FAQ

What is the name of the company mentioned in the press release?

The company mentioned in the press release is A2Z Smart Technologies Corp.

What is the name of the retail chain that placed the purchase order?

Monoprix is the retail chain that placed the purchase order.

How many smart carts will be delivered in the initial phase of the partnership?

The initial phase involves the delivery of 250 smart carts.

How many Monoprix locations will receive the smart carts?

20 select Monoprix locations will receive the smart carts.

What is the goal of A2Z in the French market?

A2Z aims to expand its presence in the French market with its new detachable smart carts.