Technology company TZ Limited (ASX:TZL)
says it has achieved a strategically important event through inking a memorandum of understanding with accounting firm KPMG.
KPMG intends to appoint TZ as the preferred supplier and technology provider for its Day Locker Management System to be deployed at KPMG’s offices across Australia.
Under the MOU both groups will negotiate a definitive enterprise-wide agreement for the supply of Day Lockers for KPMG properties.
Supply is expected to initially start in Adelaide in South Australia and in Parramatta in New South Wales subject to the finalisation of commercial terms.
TZ Executive Director Kenneth Ting says the potential for sales to this sector is substantial and TZ looks forward to continued growth through national deployments and potentially with new customers.
TZ narrowed its net loss to $3.69 million in the first half of the 2015 financial year.