TZ wins Singapore post contract

Company News

TZ Limited (ASX:TZL) has won a contract from Singapore post to roll out up to 100 of its Smart Parcel lockers over a 24 month period.

The contract includes the supply, delivery, design and commissioning of a smart locker network for Singapore.

The Mark Bouris headed development company beat major global postal locker suppliers to win the contract.

TZ recently announced a $4.6 million capital raising through a fully underwritten entitlement offer.

TZ posted a $13 million loss for the 2012 financial year.