VANCOUVER, BC / ACCESSWIRE / February 4, 2020
A2Z Technologies Canada Corp. (“A2Z” or the “Company“) (TSXV:AZ) announced today that the Company’s wholly owned subsidiary, A2Z MS Military Solutions, Ltd., has been awarded a contract with an Israel-based, NASDAQ-listed defense technology company (the “Client“).
A2Z has been contracted by the Client to perform electrical safety checks as well as other service functions across the Client’s facilities. The Company will also approve of the quality and safety of their electrical systems. The ongoing contract is priced on a variable-basis, with A2Z’s revenues being determined by the degree and frequency of service that the Client requires. The Company expects to generate meaningful revenues over the life of the contract.
In the coming years A2Z anticipates that this contract will provide variable recurring revenues while further deepening the Company’s relationship with one of their significant peers in the defense-technology space. This new contract represents further growth in A2Z’s service-based military-technology business.
“We are very pleased to have been given this opportunity,” stated Bentsur Joseph, Founder and CEO of A2Z. “This contract brings more than just revenue, as it shows the tremendous respect leading defense technology vendors have for A2Z’s knowledge and capabilities while adding to our growing list of prestigious clients. The safety of employees and sophisticated systems of this major high technology conglomerate is essentially being entrusted to A2Z’s capable hands and we intend to further capitalize on this contract as our relationship grows.”