TEL AVIV, ISRAEL, May 04, 2023 — McapMediaWire — A2Z Smart Technologies Corp. (“A2Z”) (“Company”), (NASDAQ: AZ) (TSXV: AZ), is proud to announce its commitment to sustainability and reducing food waste through its innovative Cust2Mate platform.
According to 2023 statistics, approximately 30 percent of food in American grocery stores is thrown away, with retail stores generating about 16 billion pounds of food waste every year. Wasted food from the retail sector is valued at about twice the amount of profit from food sales.
A2Z Cust2Mate is taking action to address this issue and promote sustainability in the retail grocery supply chain. Through its platform, Cust2Mate enables retailers to optimize their supply chain and reduce food waste by promoting expiring foods to shoppers in real-time. This allows retailers to minimize food waste while also increasing profitability.
“Our commitment to sustainability is an important part of our mission at A2Z,” said Guy Mordoch, CEO of A2Z’s subsidiary, Cust2Mate. “We believe that our platform has the power to make a real difference in reducing food waste and promoting a more sustainable retail grocery supply chain.”
The Cust2Mate platform is designed to streamline the retail shopping experience by scanning purchased products and enabling in-cart payment, allowing customers to “pick & go” and bypass long cashier checkout lines. This results in a more efficient shopping experience for customers, less unused shelf space and manpower requirements, and advanced command and control capabilities for store managers.
A2Z Cust2Mate is proud to be at the forefront of efforts to reduce food waste and promote sustainability in the retail grocery industry.
Investors interested in A2Z Smart Technologies Corp. and their innovative solutions can visit www.a2zas.com for more information.
For more information on Cust2Mate solution and its benefits, please visit www.cust2mate.com.
A2Z Smart Technologies Corp. creates innovative solutions for complex challenges. A2Z’s flagship product is an advanced proven-in-use mobile self-checkout shopping chart. With its user-friendly smart algorithm, touch screen, and computer-vision system, Cust2Mate streamlines the retail shopping experience by promoting expiring foods, scanning purchased products, and enabling in-cart payment so that customers can simply “pick & go”, and bypass long cashier checkout lines. This results in a more efficient shopping experience for customers, less unused shelf space and manpower requirements, and advanced command and control capabilities for store managers.
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The TSX Venture Exchange Inc. has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. 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 contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts and the risks relating to our business — that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States or elsewhere.
SOURCE: A2Z Smart Technologies Corp.