TZ Limited (ASX:TZL)
has won a parcel locker order from the University of Technology, Sydney (UTS) and announced a share purchase plan.
The company said around midday yesterday it has received an initial purchase order from UTS for the deployment of a parcel locker system at its Broadway campus.
Just after the market closed TZ unveiled plans to offer shareholders up to $15,000 to fund growth through more contract wins, expanding its tender team and marketing costs.
Chairman Mark Bouris says the company requires additional working capital to fund the delivery of contracts amid a period of rapid growth as its strives to become a global technology business.
TZ reported a net loss of $11.79 million in the 2014 financial year.