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TZ Limited Locks In First Six Australian Locations For A.D.A.M. Parcel Lockers

TZ Limited (ASX: TZL) has locked in six locations in eastern Australia for the first stage roll out of its A.D.A.M. Parcel Locker System.

Installation of the lockers will commence towards the end of next week and will go 'live' shortly thereafter following brief site testing of parcel drop-off and pick-up workflows with enabling partners.

The lockers will be located at MLC Centre at Martin Place in Sydney, Melbourne Central Shopping Centre in the Melbourne CBD and BP Petrol Station at Church Street, Richmond in Victoria.

The last three sites are located in Sydney, Melbourne and Brisbane and will be identified once leasing and license agreements are finalised.

Expansion of the Parcel Locker Network, including sites in South Australia and Western Australia, will progress in the next stage of deployment which is currently scheduled for September this year.

The company has already identified possible sites for this next stage of development and is already in discussions with prospective partners that will further extend and expand the Parcel Locker Network.

TZL had yesterday reached an agreement with Fastway Couriers to use TZ's Parcel Locker Network during a 12 month trial.

Taken together with other teaming agreements with Temando and Toll Group, the company believes that the conditions are in place for generating parcel delivery flow to the A.D.A.M. Parcel Locker Network as it is rolled out across Australia, ultimately providing significant benefit to TZL and its network of partners.

These agreements could represent in excess of 60% of the parcel deliveries in Australia.

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