A2Z Receives LOI for Purchase of 1,700 Smart Carts

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May 09, 2023

TEL AVIV, ISRAEL / ACCESSWIRE / May 9, 2023 / A2Z Smart Technologies Corp. (NASDAQ:AZ)(TSXV:AZ, Financial), today announced that, further to the existing purchase of 1,300 Smart Carts from the leading grocery chain M. YOCHANANOF AND SONS (1988) LTD. ("Yochananof") for total aggregate revenues of approximately New Israeli Shekels ("NIS") 35 million (~$12.0 million; CAD $13.8 million) as reported by the Company on December 13, 2022, it has received notice from Yochananof by LOI of its intention to purchase up to an additional 1,700 of the Company's new generation smart carts, on final conditions to be agreed.