- A2Z Smart Technologies (NASDAQ:AZ) has expanded its existing line of credit with manufacturing partner for Cust2Mate Smart Carts, Acromatis.
- The expanded credit line will support manufacturing of an additional 5,000 of the company's Generation 2.5 and Generation 2.8 Smart Carts.
- Pursuant to the terms of the credit line, Cust2Mate will pay Acromitis 20% of the manufacturing cost as a down payment; remaining balance will be paid upon receipt of payment from the customer.
- The aggregate amount of the credit line will be up to US$17M.