A2Z CUST2MART, A LEADER IN SMART CART TECHNOLOGY ANNOUNCES SUCCESSFUL TRIAL OF COMPUTER VISION PRODUCT RECOGNITION SOLUTION
TEL AVIV, ISRAEL
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April 18, 2023 09:00 AM Eastern Daylight Time
McapMediaWire -- A2Z Smart Technologies Corp. ("A2Z") ("Company"), (NASDAQ: AZ) (TSXV: AZ), a leader in smart cart technology, announces that it has successfully completed an initial trial of a computer vision product recognition solution, capable of matching the product put into its smart cart with the product scanned. A2Z intends to continue the development of this computer vision software and incorporate it into its Cust2mate smart carts. The solution will supplement the smart cart's numerous anti-theft and fraud protection components, including a security scale.
A2Z acknowledges Amazon's recent announcement of their release of the Palm Pay program, using a biometric from the customers palm swipe to pay for groceries, rolling out to Whole Foods and AmazonGo. Cust2Mate believes that it demonstrates greater privacy with its advanced smart cart technology for retailers looking to enhance their customer experience and increase revenue.
The market potential for smart carts is vast, with every retail chain in the world seeking a solution for the present sub-optimal shopping experience. With the ability to provide advertisements and promotions to shoppers, smart carts offer an additional revenue source for retailers.
"We have a world leading mobile self-checkout shopping cart. It's a one-stop-shop for customers," said Gadi Graus, President of A2Z Smart Technologies. "You scan the goods as you shop, you receive information, promotions, discounts, you pay for your purchases using the smart payment systems on the cart, and you walk out of the store - no waits, no hassle, no bad experiences."
Cust2Mate's smart cart can deliver timely coupons, allergy information, product recommendations, optimized list to isle navigation and smart product matching among many other consumer experience features. The technology ensures a more secure and efficient shopping experience while also providing valuable insights into customer behavior and preferences.
As privacy and security concerns continue to be raised around biometric data collection, Cust2Mate assures customers that its technology is designed with security in mind. Cust2Mate's smart carts have already been successfully deployed in a multi-store chain and are available for implementation at any retail location worldwide. For more information, please visit www.cust2mate.com.
"Cust2Mate's technology is scalable and customizable, offering a superior solution for retailers looking to enhance their in-store experience and increase customer satisfaction," concluded Graus.
About A2Z
A2Z Smart Technologies Corp. creates innovative solutions for complex challenges. A2Z's flagship product is an advanced proven-in-use mobile self-checkout shopping chart. With its user-friendly smart algorithm, touch screen, and computer-vision system, Cust2Mate streamlines the retail shopping experience by scanning purchased products and enabling in-cart payment so that customers can simply "pick & go", and bypass long cashier checkout lines. This results in a more efficient shopping experience for customers, less unused shelf-space and manpower requirements, and advanced command and control capabilities for store managers.
Contact Information:
Hanover International Inc.
(1) 760 564 7400
Cautionary Statement Regarding Forward-Looking Statements
The TSX Venture Exchange Inc. has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither 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 news 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 expectation. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com) and with the Securities and Exchange Commission (see www.sec.gov). 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.
SOURCE: A2Z Smart Technologies Corp.
Contact Details
Hanover International Inc.
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