Israeli Military Robotics Pioneer to Celebrate its Successful Listing on the TSX Venture Exchange
TEL AVIV, ISRAEL / ACCESSWIRE / December 23, 2019 / Tel Aviv, Israel. A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV:AZ) an advanced military robotics and technology company, announces that CEO Bentsur Joseph and the Company staff will ring the opening bell of the Toronto Stock Exchange today, Monday, December 23rd, in celebration of the commencement of trading of the Company's stock on the TSX Venture Exchange.
The event, to be broadcasted on BNN Canada at the TSXV open at 9:30 AM EST, will be preceded by remarks from the Company's CEO, Mr. Bentsur Joseph, Israeli Representative of the Toronto Stock Exchange, Mr. Yossi Boker, and the business attaché of the Canadian Embassy.
The celebratory event is taking place in Tel Aviv and the program schedule will be as stated below. The Company will be showcasing several of its UGVs (Unmanned Ground Vehicles) for military and firefighting use, with an unusual special twist to be kept under wraps until the event.
"What an incredible journey this has been" said Bentsur Joseph, CEO of A2Z. "We want to express tremendous gratitude and appreciation to our investors, shareholders, and of course, our employees and the entire team for all the hard work they have put in. We are grateful for their ongoing support and for joining with us as we head towards a very exciting future."
BUSINESS OF 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 it's business is long-term service contracts.
Expansion into Civilian Market: 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 the 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 system 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.
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.
For more information regarding A2Z, please visit the Company's website at www.a2zas.com.
A2Z Technologies Bell Ringing Ceremony
Stutko Events, Shetrit Street 2, Tel Aviv
Event to be broadcast via Bloomberg Canada and other Media
Program Schedule:
1:30 PM - Gathering and Networking
2:00 PM - Lunch
3:00 PM - TSX Bell Ringing Ceremony
3:15 PM - Menorah Lighting, Second night of Chanukah
On Behalf of the Board of Directors of A2Z Technologies Canada Corp.
Bentsur Joseph
Director and CEO
Investor Relations:
Arlen Hansen
Kin Communications
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.
ABOUT A2Z TECHNOLOGIES CANADA CORP.
A2Z's principal activities have been the application of advanced engineering capabilities to the military/security markets as well as the adaptation of certain military products for the civilian market. 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.
For future growth, A2Z is implementing a two-pronged approach: (1) continuing to adapt its current military products for civilian use, and; (2) developing two innovative products for the automotive market. One patent-pending product is a capsule that can be placed in a fuel tank to prevent gas tank inflammation upon collision. An additional product under development for which a patent has been granted is a smart vehicle cover device that will protect automobiles from the elements while the vehicle is parked and will prevent snow from building up on the vehicle.
For more information regarding A2Z, please visit the Company's website at www.a2zas.com.
SOURCE: A2Z Technologies Canada Corp.