#Defense #Stock News: A2Z
Technologies (TSXV: $AZ.V) Lists on Frankfurt Stock Exchange; @A2Z_Advanced
Vancouver,
BC - March 4, 2020 (Investorideas.com Newswire, Homelanddefensestocks.com) A2Z Technologies Canada Corp. ("A2Z"
or the "Company") (TSXV:AZ.V)
(FSE:A23.F) announced today the listing of the
Company's shares on the Frankfurt Stock Exchange (FSE) under the symbol A23.
Read this news
featuring A2Z in full at https://www.investorideas.com/CO/AZ/news/2020/03041FrankfurtStockExchange.asp
"The
Frankfurt Stock Exchange is a highly recognized exchange, and we view this as
being very beneficial to further creating shareholder value. Having a Frankfurt
listing presence increases our exposure and investor reach and serves as a base
for doing business in Germany and throughout the member states of the European
Union," stated Mr. Bentsur Joseph, A2Z's Chief Executive Officer.
"As we look to further build the Company's revenue, sign additional deals,
and grow our business with the revolutionary, life-saving FTICS system in the
Automobile Industry, increasing the German and European investor base that is
focused on our Company is a very positive development," further stated Mr.
Joseph.
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 Defense 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 Inertia Containment
System (FTICS): In the event of a collision, the FTICS installed into
the fuel tank 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.
A full
video explainer of the FTICS technology can be found here: https://vimeo.com/385098839
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 stake in the business with 30,000,000 shares
subject to an escrow agreement.
Twitter: @A2Z_Advanced
On Behalf of the Board,
Bentsur Joseph, CEO
Bentsur Joseph, CEO
Investor Relations Contact
Trenton Kwan, KIN Communications
Toll Free: 1-866-684-6730
az@kincommunications.com
Trenton Kwan, KIN Communications
Toll Free: 1-866-684-6730
az@kincommunications.com
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.
A2Z Technologies Canada Corp
(TSXV: AZ) is a featured security and defense stock on Investorideas.com. Visit the profile page
to learn more
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