Israeli retailer HaStok places follow on order for 1,000 smart carts from A2Z Cust2Mate subsidiary
A2Z Smart Technologies Corp. reports that HaStok, a specialist in Israel's home design and household essentials retail sector, has reached an agreement with A2Z Cust2Mate to order an additional 1,000 smart carts.
This will take HaStok's total smart cart deployment to 2,000 units.
The deal encompasses an initial upfront payment, a guaranteed monthly subscription fee, and a revenue sharing agreement, primarily revolving around value added solutions, including advertising services.
Guy Mordoch, CEO at Cust2Mate, says: "We are genuinely excited about the tangible value that our innovative smart carts bring to our customers. The follow on order from HaStok underscores the realisation of this value by our esteemed clientele.”
“We look forward to expanding our partnership with HaStok as we continue to serve as a catalyst for enhancing the convenience and satisfaction of consumers in various retail shopping experiences."
$AZ Another brick in the road, delighted to announce this increased order that shows the appetite for our solution from existing clients A2Z Secures 1000 Smart Cart Follow-on Purchase Order from HaStok #Cust2mate #SmartCart https://t.co/qHjU9sm3Uk
— A2Z Smart Technologies Corp NASDAQ $AZ (@CorpA2z) November 2, 2023
Monoprix
A2Z Smart Technologies Corp. also reported this week that, further to announcements of its channel partnership with IR2S intended to deploy 30,000 smart carts across retail chains in France between 2023 and 2026, A2Z Cust2mate has received a first purchase order involving Monoprix stores.
Monoprix operates a portfolio of over 700 locations and operates as part of the Casino Group, which has a global footprint spanning over 11,500 locations worldwide.
The initial phase of the partnership involves the delivery of 250 smart carts, with anticipation for deployment at 20 select Monoprix locations starting within the current quarter of 2023.
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