Technology company TZ Limited (ASX:TZL) has signed an agreement with Ricoh USA, Inc. to promote TZ's Intelligent Locker Solution in North American and Latin American markets.
TZ's intelligent locking systems smart technology enables control and monitoring of business assets.
Under the agreement, TZ will provide smart locker systems for mail management, day lockers, inventory management and other locker based solutions marketed by Ricoh.
The offering leverages TZ’s Smart Device technology and software to deliver solutions for modern office environments, hotels, educational sites and mail centres that handle high package volumes.
TZ will be responsible for the supply, installation, commissioning and on-going hardware and software maintenance of the lockers.
TZ had announced the details of the agreement in December 2015. TZ shares have been on the rise since early March 2016.
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