A2Z Smart Technologies Corp has secured an initial purchase order for 2,000 smart carts from an undisclosed Australian retail chain that boasts over 1,000 stores. The deployment is slated to commence during the first half of 2024.

The purchase order encompasses an upfront fee, monthly payments, and a revenue-sharing arrangement for the value-added services facilitated by A2Z's Cust2mate Smart Cart technology.

Analyst QuickTake: A2Z has recently demonstrated a strengthened commitment to its global expansion efforts. The partnership with the Australian retail chain follows the company’s recent partnerships with French retailers Monoprix and Carrefour and its recent expansion to the US market with the launch of Cust2Mate USA . The company also recently entered a deployment partnership with IR2S , an integrator of retail technologies, to deploy Cust2Mate carts across French retail locations.