Total
0
Shares
TZ (ASX:TZL) signs global roll-out deal with Bank of America
  • TZ's (TZL) U.S. Subsidiary Telezygology, has signed a 3-year contract with Bank of America for a global roll-out of Smart Lockers
  • Its Smart Lockers will potentially be across 54 locations, with 32 in Asia and Europe and the remaining American based
  • The company says this agreement is the first of its kind
  • On market close, TZ remains steady and is trading at 10¢ per share

TZ's (TZL) U.S. Subsidiary Telezygology, has signed a 3-year contract with Bank of America for a global roll-out of Smart Lockers.

TZ is a technology company and is the leader in smart devices. It creates smart locking devices with remote software control.

The systems deliver asset level protection and compelling solutions for security, monitoring and control applications.

Its Smart Lockers will potentially be across 54 locations, with 32 in Asia and Europe and the remaining American based.

The contract between the companies will be finalised with JLL/CBRE on behalf of Bank of America.

TZ says this contract is to be material in value to its U.S business and expects to be in a position to advise on the estimated value of the contract, following the finalisation of the contract and deployment planning.

TZ says this agreement is the first of its kind for the company.

"With a global corporation awarding business to one Smart Locker provider for multiple international site deployment, this supports TZ’s corporate strategy and the basis of growth projections for the company," it stated.

On market close, TZ remains steady and is trading at 10¢ per share.


Subscribe


TZL by the numbers
More From The Market Herald
Spacetalk (ASX:SPA) - CEO, Mark Fortunatow - The Market Herald

" Harvey Norman to begin selling Spacetalk’s (ASX:SPA) namesake device

Spacetalk (SPA), formerly MGM Wireless, has revealed that Harvey Norman will begin selling the Spacetalk Kids device across its stores.
Magnis Energy Technologies (ASX:MNS) - Chairman, Frank Poullas - The Market Herald

" Magnis Energy Technologies (MNS) strikes three-way deal for Dubbo meat processing

Magnis Energy Technologies (MNS) has struck a three-way deal with the University of Newcastle (UoN) and meat processing giant Fletcher International Exports this
Quantify Technology (ASX:QFY) secures certification for qBlind

" Quantify Technology (ASX:QFY) provides update on Zimi merger

Quantify Technology (QFY) has provided an update on its planned merger with GSM Innovations and its Zimi brand.
3DP, DaaS - The Market Herald

" Pointerra (ASX:3DP) increases annual contract value by 18pc

Pointerra (3DP) has delivered a strong increase in its annual contract value (ACV) over October and November.