(MENAFN- ProactiveInvestors - Australia) Packaged Asset Delivery technology company TZ Limited (ASX: TZL) has teamed with A$6.3 billion valued GPT Group (ASX: GPT) in a trial deployment of TZ's Parcel Lockers.
The agreement with GPT, which has a diversified property portfolio of $9.8 billion, makes available some high profile and accessible public locations that will provide inaugural sites for TZ's carrier agnostic parcel locker network in Australia.
Initial sites have been identified for the Sydney, Melbourne and Brisbane CBDs, with the first of several Parcel Lockers targeted for deployment by the end of the year.
High profile businessman Mark Bouris is executive chairman of TZ.
Parcel Locker Network strategy
The idea behind the parcel locker network is to offer internet consumers an alternative location to collect their parcels if they cannot be home to receive them.
The trend is fast being picked up by countries like Singapore, with Singapore Post set to introduce five parcel locker terminals on a trial basis from early 2013.
TZ has beaten other major postal parcel locker suppliers to the Singapore Post contract and plans to show the world what its Packaged Asset Delivery technology is capable of delivering.
Rights issue
TZ is currently undertaking a pro-rata renounceable entitlement offer to raise around A$4.6 million.
The company is offering one share for every three held at A$0.10 each, with the funds raised to go towards supporting the supply, commissioning and servicing of the parcel lockers for the Singapore Post contract.
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