#Security #Stock News - A2Z’s (TSXV:
$AZ.V) Life Saving FTICS #Technology Coverage on Prime Time National TV
News, @A2Z_Advanced
Association for Safer Driving in
Israel Encourages Israel to Mandate A2Z's FTICS to Save Lives on the Road
VANCOUVER, BC (Investorideas.com Newswire, Homelanddefensestocks.com) A2Z Technologies Canada
Corp. ("A2Z" or the "Company") ( TSXV:AZ.V)
recently reported that their proprietary, patent pending Fuel Tank
Intelligent Containment System (FTICS) received coverage on Israel's nationwide
news network and a strong endorsement from the Or Yarok Association for Safer
Driving in Israel, encouraging the appropriate bodies to mandate the system to
save lives from fires caused by automobile collisions.
Read this news featuring A2Z in full at https://www.investorideas.com/CO/AZ/news/2020/02051FTICSTechnology.asp
The televised segment,
featured on Kan 11, highlighted Israel's 3,000 vehicle fires annually and
showcased a detailed explanation of how the FTICS technology works. It included
footage of some of A2Z's other products and was shot on-location at A2Z's lab
in Israel.
Oz Dror, VP of
Strategy and Communications of the Or Yarok Association stated, "At an
accident every second is critical. This large number, eight vehicles a day,
means that the state has to demand that new vehicles entering the market must
install these systems, as this will prevent loss of lives."
The online version of
the broadcast subtitles can be found here: YouTube (Hebrew with English
Subtitles)
Bentsur Joseph, CEO of
A2Z Technologies, noted: "We are thrilled to be featured in Kan's
primetime broadcast and understand how important this public validation is for our
technologies as they move closer to market. Kan 11 is like the BBC of Israel
and the value of such a media platform to tell our story cannot be
underestimated. We welcome the media and public interest in our lifesaving
technologies, and we are delighted to have been profiled."
The FTICS is a
patented system that deploys in the event of a vehicle collision releasing a
proprietary chemical mixture into the gas tank, neutralizing the contents
rendering them inert and non-flammable. The FTICS requires no additional
sensors as it is triggered by the same sensors that trigger the deployment of
the vehicle's airbag and can be retrofitted or installed in any fuel tank.
On the scale of the
opportunity in Israel Bentsur Joseph commented: "While the FTICS will be
available for retrofit for any fuel tank, having our system become mandatory
represents an astounding opportunity for our Company which we will aggressively
pursue. In addition to the 3.5M civilian vehicles currently registered on the
road, in 2018 over 250,000 new vehicles entered the market in Israel. We
believe some of our long-standing customers can certainly benefit from adopting
this recommendation, and we look forward to bringing this life saving
technology to civilians across Israel as a stepping-stone to additional
markets."
A full video explainer
of the FTICS technology can be found here: https://vimeo.com/385098839
*About Or Yarok
Association
The Or Yarok
Association for Safer Driving in Israel, known simply as Or Yarok (Hebrew: אור ירוק,
"Green light")), is a not-for-profit traffic safety lobbyist
organization dedicated to reducing road accidents in Israel through education,
enforcement and improvement of infrastructure. More information on Or Yarok can
be found here: https://www.oryarok.org.il/
(Hebrew)
More info on Israel's
Automotive Market:
About A2Z
A2Z Technologies
Canada Corp. is an innovative technology company based out of Israel,
specializing in military technology and expanding into the civilian markets.
A2Z has been operating for over 30 years and has a client base with 75
recurring clients, including the Israel Defense Forces, Security Forces, and
Ministry of Defence among others. A2Z plans to leverage their cash
flow-generating core-business to expand into the civilian robotics and
automobile markets.
According to Zion
Market Research, the Military Robotics space is expected to reach $53.93B by
2027 for a projected CAGR of 13.5%.(Summary of Report)
Highlights:
Core Business: A2Z's
line of products include unmanned remote-controlled vehicles of various sizes
designed for intricate bomb disposal, counter terrorism, and fire fighting, as
well as energy storage power packs/generators. A2Z also provides maintenance
services to both external and in-house complex electronic systems and products
to over 75 clients.
A2Z has been an Israel
Ministry of Defense contractor for over 30 years and a significant portion of
its business is long-term service contracts.
Expansion into
Civilian Markets: To drive growth, A2Z plans to adapt its military technologies
for the much larger civilian markets. One patent-pending product is a capsule
(FTICS) that prevents vehicle fires resulting from collisions. A2Z has also
been granted a patent for a smart vehicle cover device that protects
automobiles from natural elements while the vehicle is parked and is stowed away
safely in the vehicle's bumper when not in use.
Fuel Tank Intelligent
Containment System (FTICS): In the event of a collision, the FTICS prevents the
ignition of fuel, thereby mitigating the spread of fire and explosion,
minimizing risk to human life and property damage. According to the NFPA, from
2014 to 2016, an estimated 171,500 highway vehicle fires occurred in the United
States, resulting in an annual average of 345 deaths, 1,300 injuries, and $1.1
billion in property loss annually.
Management: CEO
Bentsur Joseph's previous venture, Comfy Interactive, was acquired by Shamrock
Holdings, the family investment firm founded by Roy Disney. Previously, Bentsur
Joseph was the chairman of Elad Hotels whose holdings include the Plaza Hotel
in New York City. Bentsur Joseph has a ~64% ownership of the Company.
For more information
regarding A2Z, please visit the Company's website atwww.a2zas.com.
Twitter: @A2Z_Advanced
On Behalf of the
Board,
Bentsur Joseph, CEO
Investor Relations
Contact
Trenton Kwan, KIN
Communications
Toll Free:
1-866-684-6730
Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
This news release may
include forward-looking statements that are subject to inherent risks and
uncertainties. All statements within this news release, other than statements
of historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
described in forward-looking statements. Factors that could cause actual
results to differ materially from those described in forward-looking statements
include fluctuations in market prices, including metal prices, continued
availability of capital and financing, and general economic, market or business
conditions. There can be no assurances that such statements will prove accurate
and, therefore, readers are advised to rely on their own evaluation of such
uncertainties. We do not assume any obligation to update any forward-looking
statements except as required under applicable laws.
SOURCE: A2Z
Technologies Canada Corp.
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