TZ secures Pos Malaysia contract

Company News

Mark Bouris’ TZ Limited (ASX:TZL) has finalised negotiations and secured a six-year contract with Malaysia’s sole postal services provider, Pos Malaysia. 
 
The technology company says it has now entered into a contract for the supply, delivery, installation, customisation, integration, testing, commissioning and post-implementation support of Electronic Parcel Lockers. 
 
The news comes after a lengthy delay; TZ had initially hoped to tie up the deal by the end of last year and then extended the deadline to early January. 
 
Just last week TZ announced it had won a parcel locker order from the University of Technology, Sydney (UTS) and also announced a share purchase plan. 
 
TZ reported a net loss of $11.79 million in the 2014 financial year.