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TZ LIMITED — Capital/Financing Update 2018
Mar 8, 2018
65975_rns_2018-03-08_b655e418-7825-40a9-997b-ad0fbf5d01b6.pdf
Capital/Financing Update
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TZ Limited ABN 26 073 979 272
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9 March 2018
Lodged by ASX Online
The Manager Market Announcements Office ASX Limited Level 4, 20 Bridge Street Sydney, NSW 2000
Dear Sir /Madam
PURCHASE AGREEMENT WITH GLOBAL TECHNOLOGY CORPORATION
TZ Limited ( TZL and the Company ) is pleased to confirm that its wholly owned subsidiary, Telezygology, Inc. ( TZI ) has entered into a Purchase Agreement with a global US technology corporation that provides commercial terms and a pricing framework for the supply of TZ Smart Locker hardware, the licensing of TZ Software and the provision of TZ annual maintenance services to the corporation and its subsidiaries.
The Agreement follows TZ’s update in November 2017 that confirmed approval had been received from their Global Security Division for integration of the TZ platform with their HR and Security systems. The Agreement has an indefinite term with provision for annual price increases.
Although the Agreement does not commit to purchase volumes, the Directors believe that the Agreement will facilitate broader adoption of TZ Smart Locker solutions within the corporation and across its subsidiaries. In the last 18 months to December 2017, TZI has supplied over A$5.6M in Smart Locker sales to this corporation.
Due to non-disclosure obligations, TZI is restricted from identifying the name of the corporation.
About TZ Limited
TZ Limited (“ TZ ”) is a technology company that is listed on the Australian Securities Exchange. TZ is the leader in SMArt Device™ technology combining state-of-the-art SMA actuated intelligent fastening and locking devices with TZ remote software control. TZ’s systems deliver asset level protection and compelling solutions for security, monitoring and control applications across a number of market segments. The Company currently supplies market leading solutions to major corporations worldwide to the Data Centre industry and in the Automated Parcel Locker and E-Commerce market.
For additional information on TZ Limited, please visit www.tz.net.
TZ Limited | Level 11, 1 Chifley Square, Sydney, NSW 2000 Australia | Phone: +612 9222 8890 Fax: +612 8208 9937