Growth in US smart locker pipeline
Smart locker and IoT devices company TZ Limited (ASX:TZL) has seen its US pipeline being converted to significant purchase orders over the past month.
Over US$2.2 million in purchase orders were received from TZ’s exisiting US customers since April 2021, including one from Microsoft worth US$547k.
The giant tech company made the purchase order to complete a major hardware upgrade on its existing Locker Bank network.
Other blue chip clients have also committed to TZ Smart Lock and Smart software platforms, having placed orders to upgrade or replace their access control and locker bank solutions with new TZ systems during the month.