A2Z Technologies Canada Announces Receipt of Initial Payments Under The $1.5 Million Contract with Ministry of Defense
Tuesday, April 21, 2020 8:00 AM EDT
VANCOUVER, BC / ACCESSWIRE / April 21, 2020 / A2Z Technologies Canada Corp. (“A2Z” or the “Company”) (TSXV:AZ)(FRA:A23), A2Z Technologies Canada Corp. is an innovative technology company based out of Israel, specializing in military technology and expanding into the civilian markets., today announced that it will be presenting at the Planet MicroCap Showcase 2020 on Wednesday, April 22 at 7:20 AM Eastern Time. A2Z will be hosting the presentation and answering questions from investors.
To access the live presentation, please use the following information:
Planet MicroCap Showcase Virtual Investor Conference 2020
Date: Wednesday, April 22, 2020
Time: 7:20 AM Eastern Time Time (4:20 AM Pacific Time)
Webcast: Click Here
If you would like to book 1-on-1 investor meetings with A2Z Technologies Canada Corp. please make sure you are registered for the virtual event here: Click Here
1-on-1 meetings with management will be scheduled and conducted via private, secure video conference through the conference event platform.
If you can’t make the live presentation, all company presentations “webcasts” will be available directly on the conference event platform on this link under the tab “Schedule”: https://www.planetmicrocapshowcase.com/presenting-companies
News Compliments of Accesswire
A2Z Technologies Canada Corp. is an innovative technology company based out of Israel, specializing in military technology and expanding into the civilian markets. A2Z has been operating for over 30 years and has a client base with 75 recurring clients, including the Israel Defense Forces, Security Forces, and Ministry of Defence among others. A2Z plans to leverage their core-business to expand into the civilian robotics and automobile markets.
According to Zion Market Research, the Military Robotics space is expected to reach $53.93B by 2027 for a projected CAGR of 13.5%.(Summary of Report)
Core Business: A2Z’s line of products include unmanned remote-controlled vehicles of various sizes designed for intricate bomb disposal, counter terrorism, and fire fighting, as well as energy storage power packs/generators. A2Z also provides maintenance services to both external and in-house complex electronic systems and products to over 75 clients.
A2Z has been an Israel Ministry of Defense contractor for over 30 years and a significant portion of its business is long-term service contracts.
Expansion into Civilian Markets: To drive growth, A2Z plans to adapt its military technologies for the much larger civilian markets. One patent-pending product is a capsule (FTICS) that prevents vehicle fires resulting from collisions. A2Z has also been granted a patent for a smart vehicle cover device that protects automobiles from natural elements while the vehicle is parked and is stowed away safely in the vehicle’s bumper when not in use.
Fuel Tank Inertia Containment System (FTICS): In the event of a collision, the FTICS installed into the fuel tank prevents the ignition of fuel, thereby mitigating the spread of fire and explosion, minimizing risk to human life and property damage. According to the NFPA, from 2014 to 2016, an estimated 171,500 highway vehicle fires occurred in the United States, resulting in an annual average of 345 deaths, 1,300 injuries, and $1.1 billion in property loss annually. Please Click Here for A full video explainer video of the FTICS technology.
Management: CEO Bentsur Joseph’s previous venture, Comfy Interactive, was acquired by Shamrock Holdings, the family investment firm founded by Roy Disney. Previously, Bentsur Joseph was the chairman of Elad Hotels whose holdings include the Plaza Hotel in New York City.
Bentsur Joseph has a ~64% ownership stake in the business with 30,000,000 shares subject to an escrow agreement.
For more information regarding A2Z, please visit the Company’s website at: www.a2zas.com.
On Behalf of the Board,
Bentsur Joseph, CEO
About Planet MicroCap Showcase
Planet MicroCap Showcase brings together promising companies with well-known and influential microcap, investors, fund managers and newsletter writers for three days of company presentations, one-on-one meetings, and networking.
If you would like to attend the Planet MicroCap Showcase, please register here: https://planetmicrocapshowcase.com/signup
Arlen Hansen, KIN Communications
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SOURCE: A2Z Technologies Canada Corp. via Planet MicroCap Showcase