TZ Limited Wins Infrastructure Protection Purchase Order In The U.S.
Seeking Alpha Analyst Since 2009
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.
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