A2Z Provides Business enterprise, Operational and Administrative Update

TEL AVIV, ISRAEL / ACCESSWIRE / February 8, 2021 / A2Z Intelligent Technologies Corp. (“A2Z” or the “Company”) (TSXV:AZ)(OTCQX:AAZZF), an impressive technological know-how business specializing in state-of-the-artwork automation and electronics engineering, is pleased to present the next company update in response to the recent boost in the Company’s share selling price.

Main Company

A2Z’s historic core organization is that of engineering, making and sustaining complicated electronic units, and unmanned robotic platforms.

This core enterprise has, to date, presented a reliable base for the Company’s functions, producing a regular movement of income. As observed in the Company’s constant disclosure file, modern decreases in revenues are because of to some tasks becoming delayed as a end result of the COVID-19 pandemic, and other Israeli govt associated assignments have been delayed thanks to the Israeli parliament getting not nonetheless handed the once-a-year finances for 2020 or 2021.

The Enterprise actively appears to be for opportunities to increase its marketplaces, by trying to get further contracts and competing in new tenders and will advise the marketplaces when this kind of prospects are attained.

Cust2Mate

In November 2020 the Business concluded the acquisition of 77.5{9e6a73ef7eb6fa22b1de79554ca535a2a0aaa70d898e937e26eb250763832f63} of Cust2Mate Restricted (“Cust2Mate”). Be sure to see the Company’s press releases dated November 16, 2020.

Cust2Mate’s smart carts are presently becoming tested in a pilot software with M. Yochananof and Sons 1988 Ltd. (“Yochananof”), which is a grocery store chain in Israel. As the pilot software attracts to a close, Cust2Mate is transitioning to its profits and advertising and marketing efforts and Cust2Mate is by now in negotiations with numerous grocery store operators from close to the globe (including highly developed negotiations with Yochananof) for the sale of sensible carts. The Enterprise will advise the marketplaces when these negotiations result in binding agreements.

In addition, Cust2Mate is in the method of hiring a Main Govt Officer to head up the Cust2Mate company (“Cust2Mate CEO”). The new Cust2Mate CEO will be instrumental in reworking Cust2Mate from a study and growth organization to a producing, advertising and marketing and gross sales organization.

Cust2mate is in the process of locating and hiring additional workers for marketing and merchandise support as nicely customer oriented providers.

Cust2mate is also in approach of developing output capabilities of the smart carts with subcontractors who specialize in production.

Gas Tank Intelligent Containment Technique (“FTICS”) capsule project

The FTICS is a process that deploys in the function of a vehicle collision and is developed to remove the risk of the gasoline tank combusting and causing deadly harm to passengers and property decline.

The Business is in closing phases of internal tests of the merchandise.

Funding

Involving October 2020 and December 2020, the Enterprise concluded two personal placements for total gross proceeds of CAD$10.9 million (Please see the Company’s push releases dated November 16, 2020 and December 29, 2020).

Administration

Owing to the continuing progress of the Company’s small business, we have taken more business office area and will relocate our administration crew to central Tel Aviv in which we will be occupying office place of about 315 square meters, with effect March 1, 2021.

On Behalf of the Business,

Bentsur Joseph, CEO

Neither TSX Undertaking Exchange nor its Regulation Solutions Company (as that expression is described in the insurance policies of the TSX Venture Trade) accepts obligation for the adequacy or precision of this release.

Disclaimer: The TSX Venture Trade Inc. has in no way handed on the deserves of the Organization has neither accredited nor disapproved the contents of this push release. Neither TSX Undertaking Trade nor its Regulation Companies Supplier (as that expression is described in the policies of the TSX Venture Trade) accepts duty for the adequacy or accuracy of this launch. This news release is made up of ahead-wanting information and facts, which requires known and unidentified hazards, uncertainties and other variables that could induce genuine functions to differ materially from existing expectation. Vital things – like the availability of cash, the outcomes of funding efforts, the benefits of exploration actions — that could induce genuine final results to vary materially from the Company’s expectations are disclosed in the Company’s paperwork filed from time to time on SEDAR (see www.sedar.com ). Audience are cautioned not to place undue reliance on these forward-wanting statements, which talk only as of the day of this press launch. The corporation disclaims any intention or obligation, besides to the extent necessary by law, to update or revise any ahead-on the lookout statements, no matter if as a result of new information and facts, long term activities or in any other case. This press release does not represent an offer you to offer or a solicitation of an provide to sell any of the securities described herein in the United States or elsewhere. These securities have not been, and will not be, registered in the United States Securities Act of 1933, as amended, or any state securities legislation, and may perhaps not be provided or offered in the United States or to U.S. persons unless of course registered or exempt therefrom.

Supply: A2Z Clever Technologies Corp.

Check out resource variation on accesswire.com:

https://www.accesswire.com/628335/A2Z-Presents-Organization-Operational-and-Administrative-Update