TZ Limited announced the signing of a new contract with a NSW Government department to upgrade their existing lockers to the TZ smart locker system. TZ will retrofit around 3,000 existing day lockers with their patented smart locking devices, controlled by TZ's centralised enterprise locker management cloud platform. TZ's software technology allows for dynamic locker management to optimize locker administration of utilisation.

The upfront hardware value was $1.34m and in addition there is a five-year Service as a Software (SaaS) contract between TZ and the NSW Government. This contract is indicative of how businesses are changing their existing office facilities and to better support a changing workplace.