A2Z Technologies Canada Deemed “Essential Service” in Israel and Operations Unaffected in Midst of COVID-19 (Coronavirus)

Thursday, March 26, 2020 9:35 AM

VANCOUVER, BC / ACCESSWIRE / March 26, 2020 / A2Z Technologies Canada Corp. (“A2Z” or the “Company”) (TSXV:AZ)(FSE:A23), a pioneer in military robotics, services, and innovation in the auto industry, announces that the Company has been classified as an “essential service” company in Israel, and its business operations continue and remains strong.

Bentsur Joseph, President and CEO of A2Z states, “We wish to reiterate that our core business, working with government agencies, has been classified by the Israeli government as essential, and thus, we are operating at full capacity. We are taking every precaution possible to ensure our employees safety while remaining available to fulfill our various contracts with so many important divisions of the Israeli government, including the Army, Police, Ministry of Defense, among others, all of whom are also deemed “essential services” and remain open, enabling us to fulfill our contracts as per relevant agreements.”

Additionally, with the recently completed financing and improved payment terms from our clients, the Company’s balance sheet remains strong, enabling it to continue to grow its business.

Bentsur continues, “The Company’s cash flow remains strong, and our business is robust, alive, and well. Our Canadian and Frankfurt listings give us the platform to a whole new level of investor exposure and a nexus from which to expand our visibility to promising potential clients within North America and the European Union.”

The Company wishes to thank its employees, shareholders, and clients for their strong support, and looks forward to providing material updates on its exciting technologies and business developments in the near future.