A2z Cust2mate Solutions Corp 6-K, filed Jun 13, 2022
A2z Cust2mate Solutions Corp. (AZ)
About this 6-K
A2z Cust2mate Solutions Corp filed this 6-K on June 13, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2022
Commission File Number: 001-40472
A2Z SMART TECHNOLOGIES CORP.
(Registrant)
1600-609 Granville Street
Vancouver, British Columbia V7Y 1C3 Canada
(Address of Principal Executive Offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| A2Z SMART TECHNOLOGIES CORP. | ||
| (Registrant) | ||
| Date June 13, 2022 | By | /s/ Bentsur Joseph |
| Bentsur Joseph | ||
| Chief Executive Officer | ||
EXHIBIT INDEX
Exhibit 99.1
A2Z Receives Order For Additional Smart Carts From Yochananof For An Aggregate Of USD $10 Million
TEL AVIV, ISRAEL / May 5, 2022 / A2Z Smart Technologies Corp. (“A2Z” or the “Company”) (Nasdaq: AZ) (TSXV: AZ), today announced that Yochananof, a premier Israeli supermarket chain has placed a follow-on order for an aggregate of 1,000 Cust2Mate Smart Carts, after a successful initial rollout in their stores. The aggregate value of orders received from Yochananof has increased to approximately USD
$10 million. The increased order was confirmed with a USD $1.75 Million down payment. The remaining balance will be paid upon delivery of the carts which will occur on an ongoing basis and completed by October 31, 2022. Yochananof has committed to rolling out Cust2mate Smart Carts in all its stores in Israel.
A2Z’s state-of-the-art Cust2Mate Smart Cart streamlines the shopping experience by recognizing every purchased item and enabling in-cart payment so that shoppers skip lines, while also allowing retail grocers to direct shoppers to discounted products and in-store promotions to efficiently manage and move inventory.
“We’re thrilled that Yochananof is increasing the number of state-of-the-art Cust2Mate Smart Cart solutions for customers to 1,000 after a successful initial rollout in their stores,” commented Rafi Yam, CEO of Cust2mate. “Yochananof customers have expressed their satisfaction and indicated that the carts have greatly enhanced their overall shopping experience, so the chain is responding by adding more carts. This follow-on order validates the appeal and effectiveness of our Cust2Mate Smart Cart solution in a real-world setting, and we remain focused on identifying strategic opportunities to introduce our carts to a wider audience of retailers.”
About A2Z Smart Technologies Corp
A2Z Smart Technologies Corp. creates innovative solutions for complex challenges. A2Z’s flagship product is the world’s first 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, the results of exploration activities — 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). 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. These securities have not been, and will not be, registered in the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.
Contact Information:
IMS Investor Relations
John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: a2z@imsinvestorrelations.com
Exhibit 99.2
A2Z Launches Its Smart Carts with NTUC FairPrice, Singapore’s Largest Supermarket Chain
Fully integrated with the innovative FairPrice ecosystem, A2Z’s Cust2mate smart carts provide a seamless in-store digital shopping experience, direct access to in-store promotions, efficient management of inventory while completely eliminating checkout queues
TEL AVIV, ISRAEL / May 16, 2022 / A2Z Smart Technologies Corp. (“A2Z” or the “Company”) (Nasdaq: AZ) (TSXV: AZ), today announced a pilot program for its Cust2Mate Smart Carts with NTUC FairPrice Co-Operative (“FairPrice”), the largest supermarket chain in Singapore. The first Cust2Mate Smart Carts will arrive at a new luxury FairPrice located in a shopping mall in the center of Singapore on July 15, 2022. The carts will be available on a limited basis beginning August 1, 2022 and will be available for all shoppers beginning September 1, 2022.
Fully integrated with the FairPrice POS ecosystem, A2Z’s state-of-the-art Cust2Mate Smart Cart streamlines the shopping experience by recognizing every purchased item and enabling in-cart payment so that shoppers skip lines, while also allowing retail grocers to direct shoppers to discounted products and in-store promotions to efficiently manage and move inventory.
Rafael Yam, Chief Executive Officer of Cust2Mate, commented, “We are excited to announce our first pilot program in Asia with FairPrice, the largest supermarket chain in Singapore. With a rich heritage of technology innovation, FairPrice has over 230 locations throughout the country with a variety of different stores including FairPrice supermarkets, FairPrice Finest, FairPrice Xtra, FairPrice Xpress, and Cheers convenience stores. The agreement provides Cust2Mate with an excellent opportunity to expand our presence and gain exposure in the frictionless retail market in Asia. We are excited to be partnering with FairPrice, and we look forward to both the successful completion of this pilot and to building a strong business partnership with FairPrice.”
About A2Z Smart Technologies Corp
A2Z Smart Technologies Corp. creates innovative solutions for complex challenges. A2Z’s flagship product is the world’s first 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, the results of exploration activities — 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). 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. These securities have not been, and will not be, registered in the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.
Contact Information:
IMS Investor Relations
John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: a2z@imsinvestorrelations.com
Exhibit 99.3
A2Z Announces Unaudited Results for the Q1 ‘22 - Three Months Ended March 31, 2022
Revenues up 180% on Q ‘21
TEL AVIV, ISRAEL / May 16, 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.
Results Highlights:
Financials:
| ● | 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 US$487 thousand for the fourth quarter of 2021, representing a 180% same period in 2021 and 197% increase on the Q4’ 2021 | |
| ● | Total assets of US$15.6 million as of March 31, 2022 as compared to net assets of US$14.1 million, including cash and cash equivalents of US$5.7 million as of March 31, 2022. | |
| ● | Shareholders’ equity remains unchanged at US$10.9 million. |
Operations:
| ● | Completion of the closing of the acquisition of Isramat during the first quarter of 2022. This strategic acquisition vertically integrates certain manufacturing capabilities for the production of A2Z’s Cust2Mate smart cart while complementing existing contract manufacturing partnerships to support anticipated worldwide growth. | |
| ● | The Company has received an increased order from Yochanaov, bringing the total order to US$10 million, which included a US$1.75 million down payment received by the Company in May 2022. The Company has already commenced the deliver of Smart Carts in Q1 2021 and expected to complete delivery of this order by October 2022. | |
| ● | During Q1 2022, the Company has initiated X new pilots in X countries. X pilots are now on-going |
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 for Yochananov, a leading Israeli supermarket chain, is a further validation of our lead product and testimony that it is working. We anticipate that our existing pilots with other customers will produce further orders already in the coming quarters. As we continuing to ramp up manufacturing and increase delivery of our Smart Carts which we anticipate that we will continue to drive our revenue line. The increased revenue in the first quarter is already a testimony 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.”
About A2Z Smart Technologies Corp
A2Z Smart Technologies Corp. creates innovative solutions for complex challenges. A2Z’s flagship product is the world’s first 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, the results of exploration activities — 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). 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. These securities have not been, and will not be, registered in the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.
Contact Information:
IMS Investor Relations
John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: a2z@imsinvestorrelations.com
Exhibit 99.4
A2Z Smart Technologies Announces Strategic Partnership with Accenture
Tel Aviv, Israel / 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.”
About A2Z Smart Technologies Corp
A2Z Smart Technologies Corp. creates innovative solutions for complex challenges. A2Z’s flagship product is the world’s first 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, the results of exploration activities — 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). 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. These securities have not been, and will not be, registered in the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.
Contact Information:
IMS Investor Relations
John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: jnesbett@imsinvestorrelations.com