Welcome back everyone, on the back of the recent market depression,
there are lots of good value opportunities presenting themselves. And so in this video
I share with you one innovative penny stock which is looking to transform the way we do our grocery
shopping. And this is not just talk of innovation but it is one which is validated and piloted
and the orders are already flowing in. So clearly seeing top line growth.
So if you think about some of the consumer pain points which you face on a daily or weekly basis,
such as long queues at checkout, difficulties in locating products or not being able to find help,
then this could be the answer. Or even better when you see the percentage of consumers
who would shift from online purchases to brick and mortar
with automation technology from the best part of the EU, China and India,
it goes to tell you how much demand could potential follow through for their game
changing product. So you certainly want to pay attention to this given the potential it holds.
So you want to make sure you watch the video till the end
so you hear their CEO share insights on their big opportunities for 2022.
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That said let’s get on with it with our first stop, which is A2Z Smart Technologies Corp
(Nasdaq: AZ) which is now trading close to all time lows at $3.46 per share
with a market cap of $102mn. And like most stocks in the current market,
they haven’t been spared in this selloff as we can see it being down 56% in the last 6m.
And when you look at its highs of over $11 per share which it hit back in December
and the outlook which they are pushing out now in the markets, one can only think
it’s only a matter of time for before they begin to return to those previous highs
on condition that their pilots and partnerships are successful.. So here’s what’s new with A2Z.
A2Z Smart Technologies Corp. creates innovative solutions for complex challenges.
They have a diversified focus, operating across 3 subsidiaries Cust2Mate Smart Cart Platform, A2Z
Military Solutions Ltd and AAI Corp. , and bypass long cashier checkout lines. And this results
in a more efficient shopping experience for customers, less unused shelf-space and and control
capabilities for store managers. So what this really means is that their state-of-the-art
Smart Carts streamline the shopping experience, by recognizing every purchased item and enabling
in-cart payment so that shoppers skip lines, while also allowing retail grocers to direct shoppers to
discounted products and in-store promotions to efficiently manage and move inventory.
They have a solid management team with rich backgrounds in identifying growth opportunities
and introducing new products to satisfy ever-changing customer trends and demands.
Their CEO Joseph Ben Tsur is a serial entrepreneur, with vast
experience establishing successful companies and expanding them into new markets and industries
and Rafael Yam the CEO Cust2Mate Ltd is transforming Cust2Mate from a
technology orientated company to a world leading solutions provider for the retail grocery space.
But before we go any further, let’s hear from Rafael Yam to shed more light on the
company’s background and what investors can expect in 2022 from the company.
So clearly lots to expect from them over the coming months, so one certainly to watch.
A2Z also began trading on the NASDAQ earlier this year. They said uplisting to Nasdaq is
an important milestone for them and is a testament to the progress they have made
in establishing the Cust2Mate Smart Cart Platform as a leading retail smart shopping cart solution.
And so they believe that uplisting to the Nasdaq is an important next step which will
enhance their visibility in the marketplace, and provide expose to a larger audience of investors.
And they have hit lots of milestones since then;
introduced All-in-One Cust2mate Smart Cart Platform at the National Retail
Federation In New York, made Smart Carts Available at Evergreen's Monsey, in New York
and named to the 2022 TSX Venture Exchange Top 50 Performers. They say this honor is
reflective of their dedication to developing revolutionary technologies for the modern world.
A2Z recently provided Initial Performance Results From Cust2Mate Smart Cart Rollout in Israel.
The Company collected operational data for a 30-day period from Cust2Mate Smart Carts
deployed in one of the chain's flagship locations. And during this 30-day period, the Cust2Mate Smart
Carts outperformed both traditional point of sale and self-checkout payment options in
average items sold per basket and average total spent in New Israel Shekels (NIS) per basket.
The Company also carried out customer service surveys with universally positive feedback,
with majority of consumers using the Smart Cart on multiple occasions.
Rafi Yam, commented that, "they are excited and encouraged by the data collected during
this 30 day period, as it provides tangible evidence that their Cust2Mate Smart Carts
are capable of driving increased revenues for their customers.
And it doesn’t stop there as A2Z secured a follow-on order from Yochananof. And
Yochananof here is a premier Israeli supermarket chain, which has placed a follow-on order for an
aggregate of 1,000 Cust2Mate Smart Carts, after a successful initial rollout in their stores.
The aggregate value of orders received has increased to approximately USD $10 million
which was confirmed with a USD $1.75 Million down payment with the balance to be paid upon
delivery of the carts by October 31, 2022. And Yochananof has committed to rolling out
Cust2mate Smart Carts in all its stores in Israel, which is a very encouraging outlook.
So in summary, what we are seeing here is an innovative tech stock focused on MultiBillion,
High Growth Markets and a Valuable Portfolio of Patented Technologies that solves real consumer
issues. So I feel it will only be a matter of time before they begin to scale up quite rapidly.
So some very very interesting and mindblowing prospects ahead for these penny stocks
but only consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation, but is meant to bring
some new and exciting penny stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on these top penny
stocks in the comments section below and what other penny stocks are catching your eyes lately.
And If you are new to my channel, please ensure to subscribe and hit the bell so you are notified
when I upload new videos. If you would like to see more videos like this, please check out this
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Thank you so much for being here and I look forward to have you in my next video. Thank you