OUR NEW PROFILE IS: (NASDAQ: AZ)
The Nasdaq Listed Company That Just Might Streamline The $12 Trillion Grocery Market
Revenues up 180% on Q ’21
A2Z Smart Technologies Announces Strategic Partnership with Accenture (BREAKING NEWS)
We have another exciting Nasdaq profile for today’s session.
Make sure you pull up AZ immediately.
A2Z is an Israeli high-tech company that specializes in developing technology products and providing services for police, military, and civilian use, with large customers such as Israel’s Defense Ministry, IDF, Israel Police, Israel Electric Corporation, and Israel Railways.
The company’s vision to develop groundbreaking technology solutions that enhance the individual’s daily life and penetrate international markets led to the development and production of its flagship product – the Cust2Mate smart shopping cart – which is proving to be an international success.
Cust2Mate is the world’s first proven-in-use self-checkout smart cart that just may streamline the $12 trillion grocery market.
But given the pace of innovation lately, there’s a good chance that when you go grocery shopping later this year, you might notice your shopping cart has a touchscreen, a digital scale for weighing produce, and that it automates the checkout process for you.
In other words, your shopping cart is getting smarter, your time standing in the checkout line is getting shorter, and the time to research the companies making this possible is now.
AZ has several catalysts in play right now that are noteworthy:
- According to a report by Research and Markets, the global smart shopping cart market is expected to grow over 400% by 20261–And A2Z Smart Technologies is a technology company focused on providing retail automation solutions with smart carts, in particular for large grocery stores and supermarkets.
- The mobile payment market size was valued at $980 billion in 2020 and is projected to reach $15.7 trillion by 2028 according to a report by Verified Market Research – Cust2Mate intends to become the leading mobile checkout system in the international market, providing a solution to the hassles of shopping for both consumers and retailers.
A hungry market. There are around 63,419 Supermarkets & Grocery Stores businesses in the US alone as of 2022, with an average of 300 carts per store, which implies over 19 million shopping carts–This could prove to be a massive opportunity for Cust2Mate.1
Change in the grocery space is long overdue and as highlighted by Accenture, this change is being driven by the consumer, “consumers are clear that they want grocers to step up and help them change their lives for the better. A huge 85% said they want grocery retailers to help them make a whole range of changes in the way they live, shop and eat. For example, consumers are looking for help when it comes to saving time (59%), reducing food waste (61%), and making the process of grocery shopping easier (61%)”.11
- Cust2Mate already has a proven smart cart with multiple pilots around the world, including in the US, and an existing $10 million order in Israel.3 They are currently in pilots in the US, Mexico, and Israel and have entered into major regional partnerships in Asia, Europe, and North America.1
Big players are moving into this space and snapping up smart cart companies–In late 2021, InstaCart announced that it was paying $350 million to acquire Caper AI, a startup that builds smart cart and cashier-less checkout technology that uses computer vision and other techniques to detect items and ring them up for shoppers.8
- Cust2Mates management team is best in class with over 500 years combined retail experience having held executive positions in some of the largest point-of-sales companies in the world including NCR and Toshiba. They have created a retail solution built by retail for retail.7
- Carts are already compatible with existing NCR and Toshiba point of sales which makes Cust2Mate the only Plug and Play solution in the market, needing only wifi and a power source in most large grocery chains. They also come in 4 sizes so they can be easily integrated into stores of varying sizes, from local corner stores to megastores.7
- Benchmark’s Equity Research team is one of the more experienced on the Street. Their analysts have, on average, over two decades of equity research experience and many also have substantial work experience in the industries they cover–Their analyst Daniel L. Kurnos, CFA, has initiated coverage on A2Z Smart Technologies with a Buy rating and issued an $18 price target.1
*****BREAKING NEWS RELEASED THIS MORNING*****
A2Z Smart Technologies Announces Strategic Partnership with Accenture
TEL AVIV, ISRAEL / ACCESSWIRE / May 31, 2022 / A2Z Smart Technologies Corp. (NASDAQ:AZ)(TSXV:AZ), today announced that it has entered, through its subsidiary and its European partners, into a partnership agreement with Accenture Italy (“Accenture”) to increase the brand recognition and expand the market presence of the Cust2Mate Smart Cart Platform in Europe.
A2Z’s state-of-the-art Cust2Mate Smart Cart provides a contactless and convenient shopping experience by recognizing every purchased item and enabling in-cart payment so that shoppers don’t have to wait on lines. The platform also allows retail grocers to direct shoppers to discounted products with in-store promotions and collects valuable in-store shopping data to optimize operations and inventory management.
Accenture is a global IT company with a strong presence in the retail tech space. The Cust2Mate Smart Cart will be on display in the Accenture Innovation Center in Milan, Italy, which boasts a robust and innovative retail sector. As part of the agreement Accenture will actively promote and offer A2Z’s Cust2Mate Smart Shopping platform to identified priority customers as well as providing business development, local support and integration services in Italy,
The scope of the agreement covers
- Promoting Cust2Mate products and offerings to identified partners and customers
- Overseeing the integration of the Smart Carts to new locations in Europe
- Providing smart cart maintenance and support
“We are thrilled to be partnering with a company that has the global influence and recognition of Accenture,” commented Bentsur Joseph, Chief Executive Officer of A2Z. “Italy represents a key opportunity for Cust2Mate and an entry point for Europe. We believe that by partnering with Accenture and accessing their vast network of connections and capabilities, it will allow us to establish a strong foothold in the European frictionless retail market. As I’ve said before, partnerships are an integral part of our growth strategy, and we continue to focus on facilitating partnerships that will help us grow Cust2Mate into a global leader and provider of smart shopping cart solutions.”
A2Z Announces Results for the Q1 ’22 – Three Months Ended March 31, 2022
Revenues up 180% on Q ’21
TEL AVIV, ISRAEL / ACCESSWIRE / May 17, 2022 / A2Z Smart Technologies Corp.(“A2Z” or the “Company”) (NASDAQ:AZ)(TSXV: AZ), is pleased to announce its results for the three months ended March 31, 2022, alongside an operational update.
- Revenues of $1.4 million for the three months ended March 31, 2022 as compared the $516 thousand for the same period in 2021 and compared to US$487 thousand for the fourth quarter of 2021, representing a 180% increase from same period in 2021 and 197% increase on Q4′ 2021.
- Total assets of US$15.6 million as of March 31, 2022 as compared to total assets of US$14.1 million as December 31, 2021, including cash and cash equivalents of US$5.7 million as of March 31, 2022.
- Shareholders’ equity remains unchanged at US$10.9 million.
- Based on ongoing operations and signed purchase orders, the Company estimates that it will recognize revenues of approximately US$15 million by year end of 2022, primarily from its smart cart business.
- During Q1 2022, the Company has initiated four new pilots in three countries. Should these pilots materialize to roll-outs it will generate significant additional revenue over guidance number above.
Mr. Bentsur Joseph, CEO of A2Z Smart Technologies Corp., commented on the results “We are delighted with the way we have started 2022. The acquisition of Isramat was completed in late January and the integration into the A2Z group is proceeding smoothly. The increased order from Yochananof, a leading Israeli supermarket chain, is a further validation of our lead product and testimony that it is working extremely well. The appetite and interest for the Smart Cart platform is exceeding our expectations and we are anticipating more pilots and higher order flow in the coming quarters. The increased revenue in the first quarter is already a evidence to this. Finally, our strong balance sheet and increased revenues will enable the Company to expand its operations in order to meet the anticipated increased orders.”
A2Z Smart Technologies Looking to Streamline the Massive Grocery Market with Cust2Mate Smart Carts
As big as the grocery market industry is across the world–there has only been a little buzz about advancements in this space until recently.
New technology is aiming to take the biggest pain out of grocery shopping.
Like waiting in the checkout line…
Waiting in line at the grocery store–or any store for that matter is one of the most frustrating parts of the entire shopping trip.
You’d have to agree…
It sometimes feels like a nightmare when you’re standing in a checkout line and you are in a hurry, and the customers who are checking out in front of you seem like they have all the time in the world.
You pretend not to be mad. You look around to see if something could take your mind off of the rage building up inside of you as you suddenly catch a glimpse of the customer in front of you still looking for their wallet to pay the cashier.
You try to remain calm… but in your head, you start to question the intelligence level of the customers in front of you…
“How could they not be ready to pay?”
“Why is this person still looking for their wallet?”
The customer in front of you looks back at you and apologizes to you for the delay.
You smile and say, “No it’s okay. Take your time.”
Finally… It’s your turn to checkout.
A2Z Smart Technologies and Cust2Mate have developed a solution that may help streamline the $12 trillion grocery market.
Cust2Mate is the world’s first proven-in-use self-checkout (SCO) smart cart for retail markets.13
It leverages advanced, user-friendly technologies to streamline your shopping while boosting the efficiency of store management.13
Designed to keep you out of the line…
With the Cust2Mate smart cart, you simply choose the items that you want, place them in the cart, and you’re on your way…
The cart’s sophisticated computer vision and weighing systems calculate the price for you.
You can also enable the onboard payment system so you can bypass the long check-out line and get on with your day.
Could you imagine going through the grocery store, loading up your cart, and paying for your items without having to stand in the checkout line?
Now you can see why the smart carts are called “Smart Carts”.
You are the real winner by using the smart cart because you get your time and freedom back…
But the grocery stores also benefit from the smart cart because by using advanced Big Data capabilities, the smart cart constantly communicates with store management, keeping track of each shopper’s activities, preventing fraud, and automatically issuing re-stocking alerts. In data collected from the rollout in Israel, the average spend in comparison to other carts and checkouts increased by up to 20%. In a business where retailers are fighting for a 1-2% margin, increasing the overall spend by this amount is a game-changer for the retailer.13
You know that feeling when there is an item on your shopping list and you can’t find it? The smart carts can help with this…
When you select a product, Cust2Mate’s sophisticated computer vision system, with its touch screen and integrated scanner take over, acting as a mobile cash register.
Special cameras identify and scan the barcode of each item placed in the cart.
A built-in trade-legal scale calculates the price of sold-by-weight items.
The cart’s smart algorithm ensures that you can easily keep track of your purchases while protecting the store against fraud.13
Cust2Mate is so smart it can even identify and ignore personal items, or children if they’re placed in the cart.13
Cust2Mate was designed for ease of use and increased revenues.13
While its user-friendly graphic user interface makes shopping faster and more pleasant for you, it also delivers focused direct advertising that guides you to special store promotions and discounts.13
When you’re finished shopping, Cust2Mate’s onboard payment system eliminates the need to stand in check-out lines.13
Instead, the entire purchase is paid for right on the cart, so you can simply roll it out of the market and you’re done.13
How does that compare to standing in line and waiting for the customer in front of you to find the exact change?
Cust2Mate has taken a proactive approach to the anticipated demand for smart carts.
Cust2Mate recently announced that it has signed an agreement with Flex, a global diversified manufacturer, for the production of its Cust2Mate Smart Carts for the retail industry.14
Flex has facilities in 30 countries as well as state-of-the-art logistics, manufacturing, and supply chain capabilities.14
The intent of the partnership is to support A2Z in meeting the anticipated demand and improving delivery times to their customers worldwide.14
The advanced manufacturing, logistics, and shipping capabilities that Flex offers could be leveraged by A2Z to initiate pilot programs with minimal downtime and expedite the delivery of the Cust2Mate Smart Cart Platform to customers anywhere in the world.14
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Joseph Ben Tsur
CEO and Director
A serial entrepreneur, Joseph Ben Tsur has vast experience establishing successful companies and expanding them into new markets and industries. Among other roles, he has served as Chairman of the international Elad Hotels chain, Director of MARLAZ Holdings, with a portfolio of publicly-traded industrial, real estate, communications, and hi-tech companies, and CEO of DIG Ltd., which produces and markets electronic components sold throughout Israel. With several patents to his name and a proven track record, Mr. Ben Tsur is the driving force leading A2Z into the future.16
Chief Technology Officer
A recognized specialist in telecommunications, energy, and systems operations, Amnon Peleg has vast experience in overseeing the development, introduction, and implementation of new technological processes and the execution of complex projects. His background includes more than two decades of service as a Technological Project Manager for Israel’s Prime Minister’s Office.16
With extensive experience in capital markets, Gadi Levin has filled executive positions and directorships in companies listed on Canadian, USA, and London stock exchanges. His wide-ranging expertise ranges from finance, treasury, accounting, and investor relations to human resources and information technology. Mr. Levin plays a key role in maintaining A2Z’s firm financial footing.16
CEO Cust2Mate Ltd.
With a rich background in identifying growth opportunities and introducing new products to satisfy ever-changing customer trends and demands, Rafael (Rafi) Yam is transforming Cust2Mate from a technology-oriented company to a world-leading solutions provider for retail grocery space.16
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