TZ Limited : Announcement for LOI for PAD Shopping Centre Deployment
01/31/2012 | 07:30pm
TZ Limited
ABN 26 073 979 272
1 February 2012
Lodged by ASX Online
The Manager
Company Announcements Office
ASX Ltd
Level 4, 20 Bridge Street
Sydney, NSW 2000
Dear Sir /Madam
Letter of Intent Signed for Shopping Centre Locker
Deployments
TZ Limited (the "Company") is pleased to announce
that it has entered into a Letter of Intent ("LOI") with a
leading global shopping centre management group to develop
the potential for intelligent locker deployments at their
shopping centres.
Under the terms of the LOI, the parties will work together
to: develop a commercial business model for the deployment of
locker systems at selected sites; to consider a trial
implementation of locker systems at identified properties;
and if successful, to explore the broader roll-out at further
properties.
As an integral part of developing the commercial business
model, the parties will be engaging with potential
stakeholders including consumers, retailers and logistics
providers to gauge the level of interest in the proposed
deployment, with the view of establishing cornerstone
relationships to underpin a structured implementation.
"With the on-line shopping boom, there is a significant
opportunity emerging to meet the latent needs for practical
last-mile delivery solutions for consumers and to provide
them with convenient 24/7 choices for the pick-up and
drop-off of articles. This initiative presents a great
opportunity for TZ to explore the potential to deliver
consumers, retailers and logistics providers with community
infrastructure that supports retail trends and offers the
convenience and efficiencies that the market actively seeks."
said John Wilson, CEO of Telezygology, Inc.
A decision to invest in a locker system trial deployment is
expected by June 2012.
About Telezygology, Inc.
Telezygology, Inc. is a wholly owned subsidiary of TZ
Limited, an Australian public company listed on the
Australian Stock Exchange (ASX:TZL) Through its two
subsidiaries, Telezygology, Inc. and Product Development
Technologies, Inc., TZ Limited employs over 130 professional
resources deployed in 10 offices across five international
locations, in businesses focused on technology
commercialization and multi-disciplinary design and
engineering services.
For additional information on TZ, please visit www.tz.net.
TZ Limited | Level 11, 1Chifley Square, Sydney, NSW 2000
AustraliaPhone: +612 9222 8890 Fax: +612 8208 9937
