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McapMediaWire -- A2Z Smart Technologies Corp. ("A2Z")("Company"), (NASDAQ: AZ ) (TSXV: AZ ), a leaderin smart cart technology, announces that it has successfully completedan initial trial of a computer vision product recognition solution,capable of matching the product put into its smart cart with theproduct scanned. A2Z intends to continue the development of thiscomputer vision software and incorporate it into its Cust2mate smartcarts. The solution will supplement the smart cart's numerousanti-theft and fraud protection components, including a securityscale.
A2Z acknowledgesAmazon's recent announcement of their release of the Palm Payprogram, using a biometric from the customers palm swipe to pay forgroceries, rolling out to Whole Foods and AmazonGo. Cust2Mate believesthat it demonstrates greater privacy with its advanced smart carttechnology for retailers looking to enhance their customer experienceand increase revenue.
The market potential for smart carts is vast, with every retailchain in the world seeking a solution for the present sub-optimalshopping experience. With the ability to provide advertisements andpromotions to shoppers, smart carts offer an additional revenue sourcefor retailers.
"We have aworld leading mobile self-checkout shopping cart. It's aone-stop-shop for customers," said Gadi Graus, President of A2ZSmart Technologies. "You scan the goods as you shop, you receiveinformation, promotions, discounts, you pay for your purchases usingthe smart payment systems on the cart, and you walk out of the store -no waits, no hassle, no bad experiences."
Cust2Mate's smartcart can deliver timely coupons, allergy information, productrecommendations, optimized list to isle navigation and smart productmatching among many other consumer experience features. The technologyensures a more secure and efficient shopping experience while alsoproviding valuable insights into customer behavior andpreferences.
Asprivacy and security concerns continue to be raised around biometricdata collection, Cust2Mate assures customers that its technology isdesigned with security in mind. Cust2Mate's smart carts havealready been successfully deployed in a multi-store chain and areavailable for implementation at any retail location worldwide. Formore information, please visit www.cust2mate.com .
"Cust2Mate'stechnology is scalable and customizable, offering a superior solutionfor retailers looking to enhance their in-store experience andincrease customer satisfaction," concluded Graus.
About A2Z
A2Z Smart TechnologiesCorp. creates innovative solutions for complex challenges. A2Z'sflagship product is an advanced proven-in-use mobile self-checkoutshopping chart. With its user-friendly smart algorithm, touch screen,and computer-vision system, Cust2Mate streamlines the retail shoppingexperience by scanning purchased products and enabling in-cart paymentso that customers can simply "pick & go", and bypass longcashier checkout lines. This results in a more efficient shoppingexperience for customers, less unused shelf-space and manpowerrequirements, and advanced command and control capabilities for storemanagers.
Contact Information:
Hanover International Inc.
(1) 760 564 7400
Cautionary StatementRegarding Forward-Looking Statements
The TSX Venture Exchange Inc. has in no way passedupon the merits of the Company and has neither approved nordisapproved the contents of this press release. Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release. This news releasecontains forward-looking information, which involves known and unknownrisks, uncertainties and other factors that may cause actual events todiffer materially from current expectation. Important factors -including the availability of funds, the results of financing effortsand the risks relating to our business -- that could cause actualresults to differ materially from the Company's expectations aredisclosed in the Company's documents filed from time to time onSEDAR (see www.sedar.com) and with the Securities and ExchangeCommission (see www.sec.gov). Readers are cautioned not to place unduereliance on these forward-looking statements, which speak only as ofthe date of this press release. The company disclaims any intention orobligation, except to the extent required by law, to update or reviseany forward-looking statements, whether as a result of newinformation, future events or otherwise. This press release does notconstitute an offer to sell or a solicitation of an offer to sell anyof the securities described herein in the United States orelsewhere.
SOURCE: A2Z Smart Technologies Corp.
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Hanover International Inc.
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