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A2Z Smart Technologies Corp. (NASDAQ:AZ) (TSXV:AZ), today announces that it has received an increased purchased order of 30% (300 smart carts) from a leading grocery chain M. YOCHANANOF AND SONS (1988) LTD. ("Yochananof")
This now brings the total order to 1,300 smart carts and total aggregate revenues to approximately New Israeli Shekels ("NIS") 35 million($12.0 million; CAD $13.8 million). Pricing and delivery terms are in line with the original agreement and payment will be made in advance for each batch of smart carts delivered.
To date, Yochananof has paid the Company approximately NIS 20, million (USD $5.8m; CAD $8.0m)
Delivery of the initial purchase order continues at pace with 11 Yochananof stores now utilizing the Cust2Mate Smart Cart solution. The Company anticipates completion of the initial purchase order and the increased purchased order by the end of the second quarter of 2023.
