(MENAFN - ProactiveInvestors - Australia) Sydney-based TZ Limited (ASX:TZL) has re-affirmed that the Smart Parcel Locker tender it won from Singapore Post is far from a trial.
The Mark Bouris helmed TZL is bound by a confidentiality agreement, however Singapore Post has indicated it intends to roll-out up to 100 TZL Smart Parcel Lockers across Singapore over 24 months.
The contract will involve: the supply, delivery, design, development, installation, testing, documentation and commissioning of Singapore Post's Smart Locker network for Singapore.
TZL beat major global postal locker suppliers to win the Singapore Post tender. Clearly, the tender win is a coup for ASX-listed TZL - a feat not readily understood by all sections of the market.
The lockers enable customers, who might not be at home to meet a postman or courier, to have their parcels delivered to a secure place 24 hours a day, with access granted via a pin code.
Singapore is a leader in technological development and embraces new technology more readily than many western countries.
In August, TZL signed twin partnership agreements with e-commerce and logistics providers, Temando and ParcelPoint.
This will see TZL's secure smart lockers installed at a network of convenience stores, news agencies and other locations across the country.
The deal with e-commerce delivery specialists ParcelPoint and fast growth freight systems aggregator Temando, mark crucial logistics pieces for TZL.
Assisting it to hold its first-mover advantage for online retail transactions for consumers.
Recently, the company announced it would raise 4.6 million through a fully underwritten entitlement offer.
Investors will also be offered 1 new share for every 3 held at 0.10 per share with an attaching option.
TZ Limited is one to watch. It has first mover advantage in its budding integrated secure parcel locker business. It is rapidly growing distribution and "footprint" - vital elements in this business. An advantage is that it is carrier - agnostic - enabling more options for shoppers to pick up online purchases. However, there is more to TZL than the online shopping parcel collection business.
TZL holds enabling technology that makes the exchange and synergy between objects a reality. First patents were lodged by TZL in this space in 1998 and it has increased the coverage to over 180 patent applications in process.
The company is earning significant revenues from infrastructure protection with its distributed intelligence of TZ SMArt Devices„ and SMArt Systems„ in the context of the internet. These have a capacity to play a significant role in infrastructure and data protection and security.