A2Z Smart Technologies announces manufacturing agreement for its Cust2Mart smart shopping cart with Avco Systems Integration Ltd., a leading manufacturing company in Israel

TEL AVIV, ISRAEL /ACCESSWIRE/April 29, 2021/A2Z Smart Technologies Corp. (“A2Z“or the”Company“) (TSXV:AZ)(OTCQB:AAZZF), an innovative technology company specializing in advanced automation and electronics technologies, is pleased to announce that it has signed a manufacturing contract with AVCO Systems Integrations Ltd . (“Avco“), whereby Avco will manufacture A2Z’s cust2mte smart carts.

Avco, in conjunction with A2Z, has set up a dedicated manufacturing and assembly line within Avco’s facilities, with the primary focus being to supply initial orders to Yochananoff stores in the coming weeks and the necessary carts for the previously announced pilot in Abu Dhabi, United Arab Emirates.

Avco Systems Integration Ltd. is a leading supplier of high-precision machining and assemblies to the aerospace, defense, technology and medical industries. Avco supplies parts for aerospace projects including Boeing 787, Gulfstream G-280, F-15, F-16, F-18 and complex assemblies for HP-Indigo’s extensive portfolio of digital presses. In the defense industry, Avco parts are used in Iron Dome and Arrow missiles. The company is a leader in the drone industry, supplying parts for IAI and Elbit Systems. (www.avco.co.il)

Mr. Rafael Yam, CEO of Cust2mate, said, “This agreement gives cust2mate significant manufacturing capabilities to meet our already existing demands for the product. Our ability to manufacture on such a scale will allow us to support and execute our future orders and our business plan.

Disclaimer: The TSX Venture Exchange Inc. has in no way passed on the merits of the Company, nor has it approved or disapproved of the contents of this press release. Neither the 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 press 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 expectations. Important factors – including availability of funds, results of financing efforts, results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s filings. 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 under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States or to persons United States unless registered or exempt from it. .

Corporate Contact:
Gadi Levin

THE SOURCE: A2Z Smart Technologies Corp.

See the source version on accesswire.com:
https://www.accesswire.com/643257/A2Z-Smart-Technologies-announce-manufacturing-agreement-for-its-Cust2Mart-Smart-Shopping-Cart-with-Avco-Systems-Integration-Ltd-a-leading- manufacturing-company-in-israel

Source link

Peggy P. Gilmore