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TZ Limited Upgrades Revenue Guidance For FY 2015

TZ Limited (ASX:TZL) had not long ago flagged the possibility of upgrading top line revenue guidance for the 2015 financial year of $15 million based on contract wins and new business pipeline.

Today the board of directors of TZ announced that it has upgraded TZ's forecasted sales revenue guidance for the financial year ended 30 June 2015 to a range of between $18 million to $20 million.

TZ is fast becoming the de-factor leader in SMArtDeviceā„¢ technology combining state-of-the-art SMAactuated intelligent fastening and locking devices with remote software control.

This has been achieved in selected segments including:

- DC Micro-Security
- Corporate Lockers
- Day Lockers
- Postal Lockers

No doubt the number of new supply contracts now moving into the negotiation stage as well as contacts won and in the pipeline should see strong business growth through 2015 and beyond.

Analysis

Today's lift in revenue guidance for the 2015 financial year is further evidence of the momentum building, scale of business segments and market take-up of TZ's SMArtDeviceā„¢ technology combining state-of-the-art SMAactuated intelligent fastening and locking devices with remote software control.

Recently, Proactive lifted its forecast valuation and share price target based on our forward revenue projections to $0.19 - $0.22 in 12 months' time.

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.