VANCOUVER, BC / ACCESSWIRE / March 26, 2020 / A2Z Applied sciences Canada Corp. (“A2Z” or the “Firm”) (AZ.V)(FSE:A23), a pioneer in navy robotics, providers, and innovation within the auto business, proclaims that the Firm has been categorised as an “important service” firm in Israel, and its enterprise operations proceed and stays robust.
Bentsur Joseph, President and CEO of A2Z states, “We want to reiterate that our core enterprise, working with authorities businesses, has been categorised by the Israeli authorities as important, and thus, we’re working at full capability. We’re taking each precaution attainable to make sure our workers security whereas remaining obtainable to satisfy our varied contracts with so many vital divisions of the Israeli authorities, together with the Military, Police, Ministry of Protection, amongst others, all of whom are additionally deemed “important providers” and stay open, enabling us to satisfy our contracts as per related agreements.”
Moreover, with the just lately accomplished financing and improved cost phrases from our purchasers, the Firm’s stability sheet stays robust, enabling it to proceed to develop its enterprise.
Bentsur continues, “The Firm’s money movement stays robust, and our enterprise is powerful, alive, and nicely. Our Canadian and Frankfurt listings give us the platform to an entire new degree of investor publicity and a nexus from which to develop our visibility to promising potential purchasers inside North America and the European Union.”
The Firm needs to thank its workers, shareholders, and purchasers for his or her robust help, and appears ahead to offering materials updates on its thrilling applied sciences and enterprise developments within the close to future.
BUSINESS OF A2Z
A2Z Applied sciences Canada Corp. is an modern know-how firm primarily based out of Israel, specializing in navy know-how and increasing into the civilian markets. A2Z has been working for over 30 years and has a consumer base with 75 recurring purchasers, together with the Israel Protection Forces, Safety Forces, and Ministry of Defence amongst others. A2Z plans to leverage their money flow-generating core-business to develop into the civilian robotics and vehicle markets.
In line with Zion Market Analysis, the Army Robotics area is anticipated to succeed in $53.93B by 2027 for a projected CAGR of 13.5%.(Summary of Report)
Core Enterprise: A2Z’s line of merchandise embrace unmanned remote-controlled automobiles of varied sizes designed for intricate bomb disposal, counter terrorism, and firefighting, in addition to power storage energy packs/mills. A2Z additionally gives upkeep providers to each exterior and in-house advanced digital methods and merchandise to over 75 purchasers.
A2Z has been an Israel Ministry of Protection contractor for over 30 years and a good portion of its enterprise is long-term service contracts.
Enlargement into Civilian Markets: To drive progress, A2Z plans to adapt its navy applied sciences for the a lot bigger civilian markets. One patent-pending product is a capsule (FTICS) that stops automobile fires ensuing from collisions. A2Z has additionally been granted a patent for a sensible automobile cowl gadget that protects cars from the weather whereas the automobile is parked and is stowed away safely within the automobile’s bumper when not in use.
Gas Tank Clever Containment System (FTICS): Within the occasion of a collision, the FTICS system put in into the gasoline tank prevents the ignition of gasoline, thereby mitigating the unfold of fireside and explosion, minimizing threat to human life and property harm. According to the NFPA, from 2014 to 2016, an estimated 171,500 freeway automobile fires occurred in the USA, leading to an annual common of 345 deaths, 1,300 accidents, and $1.1 billion in property loss yearly.
Administration: CEO Bentsur Joseph’s earlier enterprise, Cozy Interactive, was acquired by Shamrock Holdings, the household funding agency based by Roy Disney. Beforehand, Bentsur Joseph was the chairman of Elad Inns whose holdings embrace the Plaza Resort in New York Metropolis.
Bentsur Joseph has a ~64% possession stake within the enterprise with 30,000,000 shares topic to an escrow settlement.
For extra data relating to A2Z, please go to the Firm’s web site at www.a2zas.com.
On Behalf of the Board,
Bentsur Joseph, CEO
Investor Relations Contact
Trenton Kwan, KIN Communications
Toll Free: 1-866-684-6730
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This information launch might embrace forward-looking statements which are topic to inherent dangers and uncertainties. All statements inside this information launch, aside from statements of historic reality, are to be thought of ahead wanting. Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on affordable assumptions, such statements aren’t ensures of future efficiency and precise outcomes or developments might differ materially from these described in forward-looking statements. Elements that would trigger precise outcomes to vary materially from these described in forward-looking statements embrace fluctuations in market costs, together with steel costs, continued availability of capital and financing, and normal financial, market or enterprise situations. There may be no assurances that such statements will show correct and, due to this fact, readers are suggested to depend on their very own analysis of such uncertainties. We don’t assume any obligation to replace any forward-looking statements besides as required underneath relevant legal guidelines.
SOURCE: A2Z Applied sciences Canada Corp.