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TZ Limited Reaches Smart Parcel Locker Milestone With Singapore Post

Technology company TZ Limited (ASX:TZL) has completed a milestone in the roll-out of its smart parcel locker business, completing the shipment of the 100th Locker Bank to Singapore.

To date, 85 Locker Banks have been installed at nominated locations for Singapore Post with the remaining 15 Locker Banks scheduled for deployment in early 2015.

TZ and Singapore Post are currently working together to establish on-going supply requirements for 2015. TZ will look to update the market as and when new purchase orders are received for new POPStation Locker Banks.

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

Italian postal service Poste Italiane

TZ's pilot program to supply Italian postal service Poste Italiane with its smart Parcel Lockers is also live following an extensive period of end-to-end testing and final commissioning.

If the pilot is successful, it is understood that it is Poste Italiane's intention to build a parcel locker network throughout Italy.

Pos Malaysia Berhad negotiations

TZ is continuing negotiations with Pos Malaysia Berhad for a formal contract for the supply, installation and support of electronic parcel lockers.

Revenue Guidance increased for FY2015

In November, TZ upgraded its forecasted sales revenue guidance for the financial year ended 30 June 2015 to a range of between $18 million to $20 million.

This is up from its previous guidance of $15 million.

It also secured a contract win for its Electronic Day Locker Management System, signing a multi-million dollar supply contract with Fredon Industries Pty Limited.

The deal will have TZ's electronic locking solution and software management system deployed at Westpac's new offices at Barangaroo, Sydney.

Supply will commence immediately and should be completed in early 2015.

Analysis

TZ's packaged asset delivery business has seen revenues soar from $1.6 million FY2013 to an estimated $14million in FY2015, highlighting the fast growth trajectory TZ is on with new deployments.

Interest in Asia, Europe and the U.S. is also emerging due to Singapore Post, Poste Italiane and other high profile deployments.

Market leader TZ is showing the way in SMArtDeviceā„¢ technology combining state-of-the-art SMAactuated intelligent fastening and locking devices with TZ remote software control.

Recent contract wins have highlighted TZ Limited's growing order book and upgraded revenue guidance to between $18 million to $20 million for the 2015 financial year.

The $1 million share placement priced at $0.125 per share will enable the company to lodge bonds or bank guarantees with prospective customers if it is successful in winning tenders for its IXP and PAD businesses.

TZ will look to build annuity revenue streams as well as explore partnership opportunities to leverage TZ IP and
technology.

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