TZ Limited Wins Infrastructure Protection Purchase Order In The U.S.

Jan. 08, 2014 5:47 PM ET

517 Followers

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

http://www.proactiveinvestors.com.au/

Short Only

Seeking Alpha Analyst Since 2009

Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of listed companies across the globe daily. We are one of the fastest growing financial media portals in the world. The group also operates hugely successful “investor forums” where three or four companies present to an audience of high net sophisticated investors, fund managers, hedge funds, private client brokers and analysts. Ian Mclelland founded Proactiveinvestors in 2006 as a way to channel his own views on companies small and mid-cap public companies. What started as a hobby quickly turned into a full time job as the website's readership exploded. One2One forums were added later in 2006, and within two years the company had expanded its operations into Canada and Australia. In 2009 the company expanded into Germany and finally into the US in 2010. Proactiveinvestors is now one of the fastest growing global financial media organizations in the world receiving more than one million visitors per month, with investor forums held across the globe on a regular basis.

TZ Limited (ASX:TZL) is poised to trade higher after reporting that its wholly owned US subsidiary, Telezygology Inc. has received a purchase order of around AUD$800,000 for a large scale TZ Centurion™ System deployment scheduled for delivery within 6 months.

This sale represents the single largest purchase order received by the Infrastructure Protection (IXP) business and adds further momentum to the solid growth of the IXP business in the Americas.

The sale also underpins the achievement of IXP revenue objectives for this fiscal year ending 30 June 2014.

TZL appears to be builds momentum, yesterday reporting that integration partner FBA Italy secured a contract to supply the Italian postal service Poste Italiane with its Smart Parcel Locker requirements for an initial pilot program.

The Italian contract win will further boost TZ's global presence, adding to the lockers it has already deployed in Australia, Singapore and the United States.

Mark Bouris, Executive Chairman of TZ Limited commented: "It's great to see our IXP business continue to deliver strong growth and for the business to continue to move forward towards achieving our stated revenue growth targets for this fiscal year.

Winning projects of this calibre clearly validates the increasing awareness and demand for our enterprise grade TZ Centurion™ System hardware and software offering.

Our 2014 outlook anticipates continued strong growth for all IXP regions particularly in the financial services sector as the Payment Card Industries Data Security Standard Version 3, which came into effect on 1 January 2014, has raised the bar considerably in terms of the physical security aspects required for the protection of cardholder information.

We expect that these increasing requirements will lead many organisations to consider more secure and sophisticated electronic cabinet level access control systems as part of their on-going compliance frameworks."

The company will be launching its new TZ SwingHandle™ later this month, reinforcing TZ's position as a market and technology leader in the Data Centre security segment.

Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You