TZ (ASX:TZL) Secures AU$1mn Contract for Employee Lockers with Queensland Government, Shares Jump

1 min read | July 26, 2024 11:10 AM AEST | By Team Kalkine Media

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TZ (ASX:TZL) Secures AU$1mn Contract for Employee Lockers with Queensland Government, Shares Jump — Image source: @Tumisu/Pixabay

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TZ Limited (ASX:TZL) has announced that its wholly owned subsidiary, TZI Australia Pty Limited, has won a significant contract to supply and install over 1,300 employee lockers for a Queensland Government body. This contract was secured through an open tender process, which saw competition from several locker solution providers in the Australian market.

Details of the Project

The contract, valued at just over AU$1 million, includes the supply and installation of new Employee Smart Lockers, retrofitting existing lockers with TZ's electronic locking systems, and providing a fully managed cloud-based software-as-a-service (SaaS) solution for the next five years. The project is set to commence in late September, with an expected completion date by early November this year.

Strategic Importance

This contract marks a strong start to the new fiscal year for TZI Australia, setting a solid foundation towards achieving its annual revenue target for 2025. The deployment of TZ’s smart locker systems and SaaS platform demonstrates the company's growing presence and capability in providing advanced locker solutions in the Australian market.

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