A2Z's Cust2Mate Selected as Supplier of Smart Carts to Carrefour France

Rhea-AI Summary

A2Z Smart Technologies Corp. has been chosen to supply smart carts to Carrefour's Connected Cart project in France. The initial delivery will consist of 2,000 smart shopping carts designed to meet Carrefour's specifications. The first phase is expected to be completed in the first half of 2024 at two Carrefour hypermarket retail locations.

Positive

• A2Z Smart Technologies Corp. has been selected as the smart cart provider by Carrefour, one of the world's leading grocery retailers.
• The initial delivery of 2,000 smart shopping carts is a positive development for A2Z Smart Technologies Corp.

Negative

• None.

TEL AVIV, ISRAEL / ACCESSWIRE / October 25, 2023 / A2Z Smart Technologies Corp. ("A2Z") ("Company"), (NASDAQ:AZ)(TSXV:AZ)($AZ), a global leader in innovative technology solutions, today announced that it has been selected to supply smart carts to Carrefour's Connected Cart project for its newly merged Hypermarket and Supermarket division in France, commencing with an initial delivery of 2,000 of the Company's smart shopping carts.

Carrefour is the seventh largest global grocery retailer by revenue,¹ operating 13,650 retail store locations worldwide under various banners including hypermarkets, supermarkets, convenience stores, cash and carry outlets and soft discount stores. Its Hypermarket and Supermarket division in France has aggregate sales greater than €30 billion across approximately 1,300 stores that are equipped with approximately 600,000 carts.

The first phase is the delivery of 2,000 smart carts is expected in the first half of 2024 at two Carrefour hypermarket retail locations in France. The smart carts have been specially designed to meet Carrefour's specifications.

Guy Mordoch, CEO of Cust2Mate, said, "As the leading global provider of smart cart solutions, we are thrilled to have been selected as the smart cart provider by one of the world's leading grocery retailers. We will provide Carrefour with our Gen3 smart carts that have been specifically designed to Carrefour's specifications. We are committed to serving Carrefour with excellence as we grow our relationship and expand our rollout in Carrefour's Hypermarket and Supermarket division."

For an interview with Carrefour and Cust2Mate including an instore smart cart walkthrough visit https://vimeo.com/839846404

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.

Investor Contacts:

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

¹ https://www.businessinsider.com/walmart-costco-7-eleven-kroger-lidl-biggest-grocery-chains-world-2019-9#7-carrefour-4

SOURCE: A2Z Smart Technologies Corp.

View source version on accesswire.com:
https://www.accesswire.com/796105/a2zs-cust2mate-selected-as-supplier-of-smart-carts-to-carrefour-france

FAQ

What is A2Z Smart Technologies Corp. supplying to Carrefour?

A2Z Smart Technologies Corp. is supplying smart carts to Carrefour's Connected Cart project in France.

When will the first phase of the delivery be completed?

The first phase of the delivery is expected to be completed in the first half of 2024.

Who is Carrefour?

Carrefour is the seventh largest global grocery retailer by revenue, operating 13,650 retail store locations worldwide.

What is the significance of this partnership for A2Z Smart Technologies Corp.?

This partnership with Carrefour is significant for A2Z Smart Technologies Corp. as it allows them to supply their smart cart solutions to one of the world's leading grocery retailers.