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TZ Limited: Pos Indonesia Launches Smart Parcel Lockers

TZ Limited's (ASX:TZL) Smart Parcel Locker solutions continue to gain ground in the Asia Pacific region with Pos Indonesia successfully launching its e-Pos Lockers in Bandung, West Java.

This initial program could lead to the deployment of a network of around 40 Locker Banks.

Locker services will start operating officially before the end of this month as part of a three month initial program where the services will be provided free of charge as an introductory offer.

Over this period, Pos Indonesia will define its Parcel Locker strategy including its plans for the roll out of Lockers to other big cities in Java including Jakarta, Surabaya and Medan.

"This is a major initiative for Pos Indonesia and an example of how Pos Indonesia continues to strengthen their position as a leading provider of postal and logistics services," TZ executive director Kenneth Ting said.

"The successful launch also demonstrates TZ's ability to establish successful relationships with leading integrators in the region that have the local resources and coverage to support the installation and on-going servicing and in-field maintenance of large scale Locker deployments."

Pos Indonesia

The company's integration partner Gunnebo Indonesia was awarded the contract for the initial lockers from Pos Indonesia in January this year.

TZ is providing the e-Pos Lockers as well as the supporting back-end Locker Management System and Retail Customer Portal.

Gunnebo has played an active role in developing the security industry in Indonesia over the last 40 years, providing a variety of security products and solutions and after-sales services to the market.

It has 22 branch offices with a total of 500 employees and 30 authorized agents throughout Indonesia.

Pos Indonesia is the state-owned company responsible for providing postal service in Indonesia. It was established with the current structure in 1995 and now operates 11 regional divisions.

It has around 3,700 post offices across Indonesia and over 24,000 service points to provide coverage across the country

The company is focused on the growth in the parcels business, with the Asia Pacific region outpacing global growth in this area.

Analysis

TZ Limited's Smart Parcel Locker solutions have gained increased recognition in recent months and the successful launch of Pos Indonesia's e-Pos Lockers in Bandung will likely increase its presence in Indonesia.

Importantly, a successful trial will lead to the roll out of the Lockers to other major cities in java including Jakarta, Surabaya and Medan.

With Pos Indonesia believed to be considering a network of around 40 Locker Banks, this could add substantially to the company's revenue.

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