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A2Z Smart Technologies expands credit line with Acromatis

Jul. 14, 2022 8:39 AM ETA2Z Smart Technologies Corp. (AZ) Stock, AZ:CA StockBy: Preeti Singh, SA News Editor
  • 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.
 

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