6-K
A2z Cust2mate Solutions Corp. (AZ)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM6-K
REPORTOF FOREIGN PRIVATE ISSUER
PURSUANTTO RULE 13a-16 OR 15d-16
OFTHE SECURITIES EXCHANGE ACT OF 1934
Forthe month of July 2022
CommissionFile Number: 001-40472
A2ZSMART TECHNOLOGIES CORP.
(Registrant)
1600-609Granville Street
Vancouver,British Columbia V7Y 1C3 Canada
(Addressof 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<br> July 21, 2022 | By | /s/ Bentsur Joseph |
| Bentsur<br> Joseph | ||
| Chief<br> Executive Officer |
EXHIBITINDEX
Exhibit99.1
A2ZAnnounces Partnership with STCR - a Toshiba and LOC POS Integrator and Service Provider in the US.
Thepartnership will enable STCR to market Cust2Mate smart carts to their partners and customers across the USA and Caribbean.
Tel Aviv, Israel / July 12, 2022 – A2Z Smart Technologies Corp. (NASDAQ: AZ)(TSXV: AZ), today announced that it has entered into an agreement with STCR Business Systems, Inc. to facilitate the adoption of Cust2Mate Smart Carts in retailers across the US and Caribbean.
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 shoppers don’t have to wait in lines. Each Smart Cart is equipped with a fixed and hand-held scanner. 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.
STCR is a Toshiba and LOC POS integrator and service provider with over 55 years in business. The company is renowned for its advanced and efficient retail technology solutions, all covered by priority on-site service, a 24/7/365 support center, implementation services, training, consulting, and many other services. STCR will actively market Cust2Mate Smart Carts to its partners and customers across the US and Caribbean, supporting the continued rollout of Cust2Mate’s innovative platform.
“As a leading POS solutions provider, STCR is well positioned to help Cust2Mate accelerate its growth path while transforming the in-store shopping experience to one that is quick, frictionless, and fun. We look forward to a mutually beneficial partnership with this industry powerhouse,” said Rafi Yam, Chief Executive Officer of Cust2Mate
“Grocers know they can count on STCR for the most advanced and efficient retail technology solutions. We are thrilled to add Cust2Mate Smart Carts to our product portfolio as they revolutionize the shopping experience for customers and hand retailers the keys to long-term customer engagement,” said Farrell McKenna, Vice President of Operations at STCR.
AboutCust2Mate
Cust2Mate’s Smart Carts provide retailers with unprecedented levels of control, efficiency, and cost-effectiveness by reducing shrinkage, keeping track of store stocks, and boosting sales with on-cart promotions. It also makes the shopping experience fun by blending online and physical worlds into a seamless engagement that puts the shopper at the heart of the business. Currently in use at 32 retail sites, providing 24/7 unmanned operations, the Cust2Mate Smart Cart has provided retailers with a 30% increase in sales per purchase basket. Cust2Mate is owned by A2Z Advanced Solutions, a publicly held company listed on the NASDAQ and TSX Venture Exchange.
AboutSTCR
Founded in 1967, STCR Business Systems, Inc. is an Endwell, NY-based provider of best-in-class retail technology solutions to grocery retailers across the globe, from point-of-sale systems, to self-checkout, to operations in the back office, and everywhere in between. The company offers POS systems - hardware, software, accessories and peripherals - through premier business partnerships with Toshiba and LOC, as well as a number of other best-in-breed technology solution providers. STCR also provides world-class implementation services, training and consulting to help clients master and drive the greatest ROI from their system, along with regular system updates and 24/7/365 technical support.
ContactInformation:
IMSInvestor Relations
John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: a2z@imsinvestorrelations.com
Exhibit99.2
A2ZSmart Technologies Expands Existing Credit Line with Manufacturing Partner Acromatis
Tel Aviv, Israel / July 14, 2022 — A2Z Smart Technologies Corp. (NASDAQ: AZ) (TSXV: AZ), today announced that it has expanded its existing line of credit with Acromatis, a manufacturing partner for the Company’s Cust2Mate Smart Carts. The expanded credit line will enable the manufacturing of an additional 5,000 of the Company’s Generation 2.5 and Generation 2.8 Smart Carts without effecting the Company’s working capital. The aggregate amount of the credit line will be up to US$17 million.
Pursuant to the terms of the credit line, Cust2Mate will pay Acromitis 20% of the manufacturing cost as a down payment (this amount is typically covered by the first payment from the retailer). The remaining balance will be paid upon receipt of payment from the customer.
A2Z’s state-of-the-art generation 2.5 and Generation 2.8 Smart Carts provide 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.
Rafael Yam, CEO of Cust2Mate, commented, “Acromatis is a valued manufacturing partner, and the extension of our existing credit line provides us with the financial flexibility to significantly increase our capacity to produce large volumes of Cust2Mate Smart Carts. We are seeing retailers around the world embrace the benefits of frictionless retail solutions, and this line of credit supports our manufacturing capabilities to meet the expected increased demand without diluting shareholder value.”
AboutA2Z 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.
CautionaryStatement 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.
ContactInformation:
IMSInvestor Relations
John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: a2z@imsinvestorrelations.com
Exhibit99.3
A2ZSmart Technologies Announces Credit Line with Manufacturing Partner Flex
Tel Aviv, Israel / July 19, 2022 — A2Z Smart Technologies Corp. (the “Company”)(NASDAQ: AZ) (TSXV: AZ), today announced that further to its manufacturing agreement with Flex Ltd. (“Flex”) which was announced on September 14, 2021, Flex has confirmed a manufacturing credit line for the manufacture of A2Z’s third generation Cust2Mate Smart Carts.
Flex has confirmed that it will produce 20,000 third generation smart carts based on payment terms of net+30 days after delivery of the smart cart.
This agreement allows A2Z to manufacture large quantities of third generation smart carts without burdening the Company’s capital resources and without needing bank credit line options or capital injections.
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.
BenTsur Joseph, CEO of A2Z, commented, “Flex is a valued manufacturing partner and we believe this credit line will benefit our efforts to scale production of our next generation of Cust2Mate Smart Carts. We are seeing tremendous demand for our smart carts as retailers seek to provide a convenient and frictionless shopping experiences to customers. We look forward to increasing our manufacturing capabilities so that we can bring more smart carts into the marketplace.”
Flex has facilities in 30 countries as well as state-of-the-art logistics, manufacturing and supply chain capabilities. The manufacturing partnership is designed to support A2Z in meeting the anticipated demand and improving delivery times to customers worldwide.
AboutA2Z 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.
https://a2zas.com
https://www.cust2mate.com
CautionaryStatement 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.
ContactInformation:
IMSInvestor Relations
John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: a2z@imsinvestorrelations.com