A2Z Smart Technologies Corp. Announces Corporate Update - Seite 2

Revenues for the six months ended June 30, 2023 reached $7.6 million, representing a 163% increase from $2.9 million during the same period the previous year. Gross profit for six months ended June 30, 2023 amounted to $1.7 million, a 241% increase from resh$487 thousand during the same period of the previous year

Theft (Shrinkage):

Retailers are suffering from massive increases in theft*. The Cust2Mate Smart Cart is the first-in-class solution that includes 5 layers of protection against shrinkage - on cart scanner, AI cameras, smart security scale, RFID capabilities and a software monitoring layer to detect abnormalities in customer behavior, providing a ‘bulletproof' solution. Data received from the use of Cust2Mate Smart Carts around the world indicates no evidence of any theft while using Cust2Mate Smart Carts.

• *Yahoo Finance Shrinkage Reference Article: https://bit.ly/azshrink

Sales Strategy

Our go-to-market and sales strategies are well-defined and are being bolstered through enhancements to the sales team, including the introduction of inside sales, investments in sales infrastructure, and initiatives in sales enablement and marketing.

The company is continuing the strategy of selling through local tier-one integrators and retail technology providers who have well-established relationships with leading chains.

North America

Following our first US customer order from Morton Williams in New York, we have established Cust2Mate USA Inc. The new North American dedicated leadership team has been established and is operational. The team of senior leaders has a proven track record in sales and in providing technology to retail/grocery chains.

• Announcement of North American Leadership Team: https://bit.ly/aznorthamerica
• Press Release announcing Morton Williams Purchase Order: https://bit.ly/3qpBC0s

IR2S Partnership:

Cust2Mate has partnered with IR2S, a leading integrator and retail technology provider to large retailers, to deliver 30,000 carts. The Company is in the final stages of integration and expects to deliver the first tranche of carts to major retailer Monoprix this year.

• Original Press Announcement of Partnership: https://bit.ly/3qpBC0s

Carrefour:

The Company has completed a very successful pilot phase with CARREFOUR, the number 7 global grocery retailer by revenue*, in which all pre-defined KPIs were met and even exceeded overall expectations.

The Company is progressing to the first stage of the roll out and plans to start the delivery to Carrefour of its new generation detachable smart cart, specially designed for Carrefour in the near future.