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Be the first with the news that moves the market- A2Z MS Military Solutions has secured a contract with an Israel-based, NASDAQ-listed defence technology company
- The contract will look at electrical safety checks, and approving the quality and safety of the client’s electrical systems
- The contract is expected to provide varying amounts of revenue for A2Z in the coming years
- A2Z’s share price is down by 1.2 per cent, with shares currently trading at $0.82 apiece.
A2Z MS Military Solutions has landed a contract with a NASDAQ-listed defence technology company based in Israel.
The contract will see A2Z’s subsidiary performing electrical safety checks and other service functions in the client’s facilities. A2Z MS Military Solutions will be responsible for approving the quality and safety of the client’s electrical systems.
A2Z’s revenue will be determined by the degree and frequency of service required by the client, and is expected to generate variable but meaningful and recurring revenues.
It is hoped that this contract will strengthen the relationship between A2Z and its peers in the defence technology sector.
“We are very pleased to have been given this opportunity. This contract brings more than just revenue, as it shows the tremendous respect leading defence technology vendors have for A2Z’s knowledge and capabilities while adding to our growing list of prestigious clients. […] We intend to further capitalise on this contract as our relationship grows,” A2Z’s CEO, Bentsur Joseph said.
Last week A2Z announced its FTICS technology had received national coverage and endorsement on Israeli TV. This promoted further interest in mandating the technology for all current and future Israeli vehicles.
This second development suggests that A2Z’s success in the Middle East may be gaining traction.
A2Z’s share price is down by 1.2 per cent, with shares currently trading at $0.82 apiece.
