Sydney-based TZ Limited (ASX: TZL) is likely to receive additional smart locker orders following the successful commissioning and launch of the first phase roll-out of Singapore Post's POPStation Network to the public.
Mark Bouris' TZ Limited said that Singapore Post had signalled its intentions to order more lockers to expand the initial deployment and more importantly, commence Phase 2 development of the Network.
This will include other new features including a direct integration offering to e-commerce retailers to access and use the POPStation network.
Subject to market response to the Network, Singapore Post plans to ultimately roll-out up to 100 Smart Locker banks across Singapore.
Five POPStation's have been rolled out in the initial phase to locations across Singapore.
Each POPStation has about 115 lockers with four different locker dimensions to cater to different parcel sizes.
The lockers enable customers, who might not be at home to meet a postman or courier, to have their parcels delivered to a secure place 24 hours a day, with access granted via a pin code.
User acceptance testing of the back-end infrastructure was completed successfully in early February.
Should the trial succeed, Toll will look to add the A.D.A.M. Parcel Locker service to its already-extensive collection network, which includes the Nparcel newsagency parcel collection service.
TZ aims to offer an alternative solution to Australia Post and to participate in the lucrative online logistics market that is developing off the back of the growth of online purchasing.
It has announced a number of initiatives including commercial relationships that enable access for TZ Locker infrastructure at various locations around Australia.
Partnership agreements that establish flow and revenue for the locker network, and of course, continued development of the TZ technology and software that enables an integrated end-to-end parcel locker solution have also been reached.
This includes reaching deals in March with a major petrol station franchisee in Victoria as well as Australia's largest independent and fully integrated oil company.
The 12 month teaming agreements are with AA Holdings Pty Limited, owner and operator of over 50 BP petrol stations in Victoria and Australian Fuel Distributors Pty Limited (AusFuel) who have over 80 Gull petrol stations across Western Australia, South Australia, Queensland and the Northern Territory.
These collectively potentially provide TZ with access to over 130 petrol station and convenience store sites across Australia, providing it with a big foot into the door with site owners, who not only want foot traffic generated by the A.D.A.M. locker system, but are "agnostic" as to who delivers to them.
The prize is vast as Frost & Sullivan estimates the market for online parcel delivery grew almost 18 per cent in value to $16 billion last year, from $13.6 billion in 2011, and expects to rise to $26.9 billion by 2016.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.