A2Z Smart Technologies Link to Research Report
https://www.jovuslibrary.com/Benchmark/download.aspx/CR_AZUS_01192022.pdf
We are initiating coverage of A2Z Smart Technologies Corp (AZ) with a BUY rating and an $18 per share price target. A2Z officially operates five different business segments – Retail Solutions; Security & Military; Automotive Safety; Portable Energy; and Maintenance and Technical Support. However, for the purposes of this report, we are focusing exclusively on A2Z’s Retail Solutions segment and their
mobile self-checkout (SCO) smart shopping cart, and assuming that the remaining businesses are spun out or sold.
We believe A2Z’s Cust2Mate smart shopping cart
solution could be a material market share winner in this still extremely nascent but rapidly growing market for the following reasons:
1) Cust2Mate already has a proven product with existing orders in Israel and multiple pilots around the world;
2) We believe the Cust2Mate product is substantially differentiated from the peer
group;
3) Management has extensive experience in retail connectivity, with the CEO and multiple team members previously holding high-level jobs within the world’s largest retail POS/SCO company, NCR (NCR-Buy);
4) The team already has deep connections in Spain, Italy, Russia and Germany, with multiple partnerships and the most recent acquisition opening incremental doors, including to other potential verticals;
5) A2Z’s solution contemplates service expansion into areas like advertising, couponing and big data; Cust2Mate is truly a SaaS offering.
