A2Z Signs Framework Agreement with Level 10 for Installation and Support Services in Anticipation of Rollout of Smart Carts with U.S. Retailers
A2Z Cust2mate Solutions Corp. (NASDAQ:AZ) has signed a framework agreement with Level 10, for installation, deployment, support, maintenance, and warranty fulfillment of its Cust2Mate smart cart solutions in the United States. This partnership comes as A2Z prepares for a substantial increase in smart cart rollouts in the coming months, following advanced discussions with large retailers.
Level 10, with over 20 years of experience in retail IT services, will provide in-field installation, in-store and laboratory support, help desk services, and maintenance for A2Z's smart carts. The collaboration aims to scale A2Z's business and ensure efficient service delivery for significant rollouts of smart solutions in the U.S. retail market.
A2Z Cust2mate Solutions Corp. (NASDAQ:AZ) ha firmato un accordo quadro con Level 10 per l'installazione, l'implementazione, il supporto, la manutenzione e l'adempimento della garanzia delle sue soluzioni di carrello intelligente Cust2Mate negli Stati Uniti. Questa partnership arriva mentre A2Z si prepara per un notevole aumento del lancio dei carrelli intelligenti nei prossimi mesi, a seguito di avanzate discussioni con grandi rivenditori.
Level 10, con oltre 20 anni di esperienza nei servizi IT per il retail, fornirà installazione sul campo, supporto in negozio e in laboratorio, servizi di help desk e manutenzione per i carrelli intelligenti di A2Z. La collaborazione mira a espandere il business di A2Z e garantire un'efficace erogazione dei servizi per i significativi lanci di soluzioni intelligenti nel mercato retail degli Stati Uniti.
A2Z Cust2mate Solutions Corp. (NASDAQ:AZ) ha firmado un acuerdo marco con Level 10 para la instalación, el despliegue, el soporte, el mantenimiento y el cumplimiento de la garantía de sus soluciones de carrito inteligente Cust2Mate en los Estados Unidos. Esta asociación se produce mientras A2Z se prepara para un incremento sustancial en el lanzamiento de carritos inteligentes en los próximos meses, tras avanzadas conversaciones con grandes minoristas.
Level 10, con más de 20 años de experiencia en servicios de TI para el retail, proporcionará instalación en campo, soporte en tienda y laboratorio, servicios de mesa de ayuda y mantenimiento para los carritos inteligentes de A2Z. La colaboración tiene como objetivo escalar el negocio de A2Z y garantizar una entrega eficiente de servicio para lanzamientos significativos de soluciones inteligentes en el mercado minorista de EE.UU.
A2Z Cust2mate Solutions Corp. (NASDAQ:AZ)는 Level 10과 함께 설치, 배포, 지원, 유지 관리 및 보증 이행을 위한 프레임워크 계약을 체결했습니다. 이는 A2Z가 대형 소매업체와의 고급 논의에 따라 다가오는 몇 달 간 스마트 카트 롤아웃의 대폭 증가를 준비하고 있다는 것을 보여줍니다.
Level 10은 소매 IT 서비스 분야에서 20년 이상의 경험을 보유하고 있으며, A2Z의 스마트 카트에 대한 현장 설치, 매장 및 실험실 지원, 헬프 데스크 서비스 및 유지 관리를 제공할 것입니다. 이 협업의 목표는 A2Z의 비즈니스를 확장하고 미국 소매 시장에서 스마트 솔루션의 중요한 롤아웃을 위한 효율적인 서비스 제공을 보장하는 것입니다.
A2Z Cust2mate Solutions Corp. (NASDAQ:AZ) a signé un accord-cadre avec Level 10 pour l'installation, le déploiement, le support, la maintenance et l'exécution de la garantie de ses solutions de chariot intelligent Cust2Mate aux États-Unis. Ce partenariat intervient alors qu'A2Z se prépare à une augmentation substantielle du déploiement de chariots intelligents dans les mois à venir, suite à des discussions avancées avec de grands détaillants.
Level 10, fort de plus de 20 ans d'expérience dans les services informatiques pour le retail, fournira l'installation sur le terrain, le support en magasin et en laboratoire, les services d'assistance et la maintenance pour les chariots intelligents d'A2Z. Cette collaboration vise à développer les activités d'A2Z et à garantir une prestation de service efficace lors des déploiements importants de solutions intelligentes sur le marché de la vente au détail aux États-Unis.
A2Z Cust2mate Solutions Corp. (NASDAQ:AZ) hat einen Rahmenvertrag mit Level 10 unterzeichnet für Installation, Implementierung, Support, Wartung und Garantieerfüllung ihrer Cust2Mate Smart Cart-Lösungen in den Vereinigten Staaten. Diese Partnerschaft kommt zu dem Zeitpunkt, an dem A2Z sich auf einen erheblichen Anstieg der Einführung von Smart Carts in den kommenden Monaten vorbereitet, nach fortgeschrittenen Gesprächen mit großen Einzelhändlern.
Level 10, mit über 20 Jahren Erfahrung im IT-Service für den Einzelhandel, wird die Installation vor Ort, Unterstützung im Geschäft und im Labor, Helpdesk-Dienste und Wartung für die Smart Carts von A2Z bereitstellen. Die Zusammenarbeit zielt darauf ab, das Geschäft von A2Z auszubauen und eine effiziente Servicebereitstellung für bedeutende Einführungen intelligenter Lösungen auf dem US-Einzelhandelsmarkt sicherzustellen.
- Partnership with experienced retail IT service provider Level 10
- Preparation for substantial increase in smart cart rollouts
- Advanced stage discussions with large retailers
- Potential for significant business expansion in the U.S. market
- None.
Insights
This framework agreement with Level 10 signals A2Z's strategic preparation for significant market expansion in the U.S. retail sector. The partnership addresses a critical aspect of scaling - efficient deployment and maintenance of smart cart solutions. This move suggests strong confidence in upcoming large-scale contracts, which could potentially accelerate A2Z's revenue growth and market penetration.
However, investors should note that while this agreement is promising, it doesn't guarantee immediate financial impact. The real value lies in the execution of future rollouts. Keep an eye on announcements of actual contracts with retailers, which will be the true catalysts for stock movement. This preparatory step indicates positive momentum but should be viewed as part of a longer-term growth strategy rather than a short-term stock driver.
A2Z's partnership with Level 10 is a strategic move to overcome a significant barrier in tech adoption - the challenge of installation and ongoing support. By leveraging Level 10's extensive experience in retail IT, A2Z can focus on their core competency of smart cart development while ensuring smooth deployment and maintenance.
This collaboration could potentially accelerate the adoption rate of A2Z's smart carts. Retailers are more likely to implement new technology when they're assured of reliable support and minimal disruption. However, the success of this partnership will ultimately depend on the performance and reliability of A2Z's smart cart technology in real-world retail environments. Investors should monitor customer satisfaction and retention rates as indicators of long-term success.
While this agreement doesn't directly impact A2Z's financials, it's a positive indicator of future growth potential. The partnership with Level 10 suggests A2Z is preparing for significant scale-up in operations, which could lead to increased revenues in the medium term. However, it's important to note that this preparation will likely involve increased operational costs in the short term.
Investors should focus on A2Z's burn rate and cash position to ensure they can support this expansion without significant dilution. Additionally, watch for changes in gross margins as A2Z transitions from a product-focused company to one with a significant service component. While this move could lead to more stable, recurring revenue streams, it might also impact overall profitability depending on the terms of the Level 10 agreement.
CHICAGO, IL / ACCESSWIRE / September 19, 2024 / A2Z Cust2mate Solutions Corp. ("A2Z") (NASDAQ:AZ)($AZ)(FRA - WKN:A3CSQ), a global leader in innovative technology solutions, today announced it has signed a framework agreement ("Agreement") with Level 10, LLC ("Level 10"), a leading retail IT service provider, for in-field installation, deployment, in-store and laboratory support, maintenance, help desk services and warranty fulfillment related to the company's Cust2Mate smart cart solutions to be rolled out in the United States.
Gadi Graus, CEO of A2Z Cust2Mate, stated, "Given the advanced stage of discussions we are having with a number of large retailers, we are taking steps now to prepare for a substantial increase in the number of our smart carts that will be rolled out in the coming months. We believe that teaming with Level 10 gives us the ability to deliver and service significant rollouts of smart solutions in the U.S. Level 10 has more than 20 years of experience in procuring, deploying, supporting and maintaining IT equipment in the retail industry, making them an ideal partner to help us scale our business. We are extremely encouraged by the momentum that is building in our business and are pleased to have Level 10's talented IT professionals as part of our service team."
John Pruban, President of Level 10, commented, "At Level 10, it is our mission to help retailers leverage technology solutions that enhance and add value to their business. A2Z's Cust2Mate smart carts incorporate innovative technology that helps retailers improve efficiencies and elevate the customer experience. We have a deep understanding of the retail industry and are pleased to serve as the implementation and service arm for A2Z."
About Level 10, LLC
With increasing IT challenges, Level 10 recognizes that merchants need less partners to do more. By strategically bundling services - like hardware procurement, key injection, staging & integration, maintenance, field services and service desk - Level 10 acts as an extension of retailers' IT teams through technology deployments, store openings/closings/remodels and instore support work.
For more information about Level 10, please visit www.level10.com.
About A2Z Cust2mate Solutions Corp.
A2Z Cust2Mate Solutions Corp. brings innovation, ease, excitement and value to retailers and shoppers. The Company is transforming brick-and-mortar retail with innovative smart shopping cart solutions that digitize the in-store shopping experience. The proven-in-use, friendly, sensor rich, AI driven carts enhance customer satisfaction and loyalty, minimize shrinkage, optimize retailers' operations and enable new business models. The smart carts streamline in-store shopping by enabling in-cart scanning and payment, allowing users to bypass checkout lines while alleviating labor shortages. Retailers can optimize merchandising, store layouts and promotions from data-driven insights, while shoppers get real-time information and personalized offers, turning a necessary chore into a fun and rewarding experience.
For more information on A2Z Cust2mate Solutions Corp. (NASDAQ:AZ)($AZ)(FRA - WKN:A3CSQ) and its subsidiary, Cust2mate Ltd., please visit www.cust2mate.com.
Cautionary Statement Regarding 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, including whether the referenced patent will be granted. 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 on EDGAR and with the SEC. 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 Information:
Gadi Graus, CEO
Gadi.g@a2zas.com
+972-73-370054
Investor Contacts:
John Gildea
VP corporate communication
John@a2zas.com
00353 86 8238177
SOURCE: A2Z Cust2Mate Solutions Corp.
View the original press release on accesswire.com
FAQ
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