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TZ LIMITED — Capital/Financing Update 2021
Dec 15, 2021
65975_rns_2021-12-15_f8d81da0-83ca-4cde-9571-9c03c2d69190.pdf
Capital/Financing Update
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Level 2, 40 Gloucester Street The Rocks NSW 2000 Australia Telephone (+61) 2 9137 7300
www.tz.net
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TZ Limited
ABN 26 073 979 272
16 December 2021
ASX Announcement
TZ Limited advised of expected US$2m order from South Africa
TZ Limited (the ‘ Company ’) (ASX: TZL ) received advice overnight confirming it has been awarded a tender which is expected to generate a new purchase order for Locker Banks from Ricoh South Africa for DSV Lockers.
The pending order which is circa US$2M represents further expansion of the DSV Locker network in South Africa and will grow the DSV Locker presence to over 550 locations. The Company has been supplying Locker Banks to South Africa for the last four years. The Company also provides TZ Cloud Services for the management and monitoring of the 400+ Locker Bank network. While the expected purchase is a once off, the Company expects this award to extend the Company expansion network.
TZL understands that the purchase order is being prepared and should be with TZL before the end of the month to confirm the order at which point it will update the market. Early indications are that the bulk of the order should be dispatched prior to 30 June 2022 subject to any supply chain or manufacturing delays.
Authorised for release by the Board of Directors.
For further information, please contact:
Peter Graham Chairman TZ Limited [email protected]
For additional information on TZ Limited, please visit www.tz.net
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