TZ pushing ahead with Singapore Post

Company News

Mark Bouris’ TZ Limited (ASX:TZL) says it is working with Singapore Post to establish on-going supply requirements for this year. 

The company says to date 85 Locker Banks have been installed for Singapore Post and the remaining 15 Locker Banks are scheduled for deployment early this year.  

TZ expects to make further announcements as and when new purchase orders are received for new POPStation Locker Banks. 

Last month the company advised it is continuing to pursue a contract with Malaysia’s sole postal services provider, Pos Malaysia, but TZ has not as yet
provided an update in the New Year. 

TZ reported a net loss of $11.79 million in the 2014 financial year.