A2Z Smart Technologies Corp. (NASDAQ: AZ) shares exhibited a noteworthy upswing, surging by 14.50% to reach $1.50 during the extended trading session. This resurgence served to offset the 9.03% loss A2Z (AZ) stock experienced in the standard trading hours, ultimately closing at $1.31. The after-hours rally appears to reflect a recovery in the stock’s value, albeit without any conspicuous newsworthy events. Nevertheless, it would be prudent to turn our attention to recent developments for a more comprehensive assessment of the company’s prospects.
A2Z has recently welcomed Scott Ukrop to its Advisory Board for Cust2mate Ltd., a subsidiary specializing in innovative shopping carts. Mr. Ukrop, with extensive experience in retail grocery, consumer packaged goods, venture capital, and strategic advisory services, brings invaluable expertise to the board, where he will play a key role in aligning Cust2mate’s offerings with evolving retailer needs. With 35 years of experience in retail and food industries, he will help enhance the customer experience and create value for clients.
A2Z has also entered into a significant agreement with HEX 1011, a technology integration leader for retail chains, to deploy 20,000 smart shopping carts across the Asia Pacific (APAC) region from 2023 to 2025. This collaboration, combined with A2Z’s recent IR2S agreement, marks a milestone in the global expansion of A2Z’s Smart Shopping Cart Business. The first Cust2mate smart cart delivery is set for November, with HEX 1011 overseeing the efficient rollout and maintenance for retail chains in Thailand and Malaysia.
Cust2mate’s Smart Carts will revolutionize the shopping experience in the APAC region, providing an intuitive and efficient shopping journey from start to finish, enabling informed purchasing decisions and saving time and money. A2Z’s collaboration with HEX 1011 represents a pivotal moment in reshaping retail in Asia, offering unmatched shopping experiences and retailer efficiency by merging Cust2mate’s expertise with HEX 1011’s integration skills.
