A2Z Smart Technologies Corp. is a technology company that develops and commercializes retail smart cart solutions for grocery stores and supermarkets. The company's flagship product is Cust2Mate, a mobile self-checkout shopping cart system that allows customers to scan and pay for items in their cart, bypassing traditional checkout lines. A2Z Smart Technologies is headquartered in Vancouver, Canada.
The company's Cust2Mate system incorporates a smart shopping cart with a touch screen and smart algorithm that automatically calculates the value of customers' purchases as they shop. Key features include in-cart payment capabilities and advanced command and control functions for store managers. A2Z Smart Technologies offers its products to various retail outlets including grocery stores, hardware stores, discount stores, convenience stores, and duty-free shops. In March 2024, the company announced it was beginning to deploy its new generation Cust2Mate 3.0 smart carts, which feature a detachable control panel and can be retrofitted to existing carts.
In 2023, A2Z Smart Technologies reported annual revenue of USD 11.3 million, a 20% increase from the previous year. In April 2024, the company secured approximately USD 3.3 million through a registered direct offering and initiated a private placement to raise an additional USD 2.4 million. These funds are intended for fulfilling existing smart cart orders, accelerating client onboarding, and general working capital purposes.
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