A2Z Smart Technologies announces collaboration with Edgify to improve the Cust2Mate shopping experience
TEL AVIV, ISRAEL / ACCESSWIRE / November 11, 2021 / A2Z Smart Technologies Corp. (“A2Z” or the “Company”) (TSXV: AZ) (OTCQB: AAZZF), announced today that it will integrate AI-based software from Edgify in Cust2Mate carts, to enhance the capabilities of the smart cart for automatic detection of barcode-less items (fruits and vegetables). Edgify’s software offers 99.98% accuracy. Cust2Mate will use Edgify in all of its carts outside of Israel. Cust2Mate and Edgify will present the combined solution at NRF Retail’s Big Show in New York in January 2022.
Edgify has developed the world’s first framework for training computer vision artificial intelligence (AI) models directly on simple peripheral devices such as SCOs, PC scales and point-of-sale machines. The Edgify framework uses two unique and academically accredited IPs called “The Edgify Edge Training Loop” and “The Edgify Collaborative Controller”. Working in tandem, they allow âcutting edge devicesâ to continuously learn and improve at the local level. The knowledge acquired is then shared with the rest of the checkouts in the store and with checkouts throughout the chain. Since data never leaves the device, there is no risk of it being stolen or hacked and no additional security is required.
The ability to confidently identify any product with near 100% accuracy provides tremendous benefits to Cust2Mate’s retail partners, including reduced loss and loss, better use of personnel, and greater efficiency. increased payment speed. Since the Edgify framework resides on the carts themselves, it also eliminates the need for expensive servers and infrastructure.
Rafael Yam, CEO of Cust2Mate, said: âWe are delighted to partner with Edgify to integrate their breakthrough technology into our Cust2Mate smart carts and bring advanced computing to our retail partners. We look forward to working closely with the Edgify team. to drive sales and create value for our customers and shareholders. “
Ofri Ben-Porat, CEO and Co-Founder of Edgify, commented: âIt’s clear to everyone that retail is innovating fast and consumers want simpler ways of doing things. Edgify is thrilled to have this opportunity to work with A2Z to improve their auto-Cust2Mate. Checkout (SCO) Smart Carts, providing customers with a smoother and more confusing shopping experience. This ongoing partnership will allow us to better empower retailers and meet the growing demand for innovation in the industry.
I have enormous respect for the A2Z management team and the progress they have made in launching the Cust2Mate technology. I believe that together we can do great things. “
About A2Z Smart Technologies Corp
A2Z Smart Technologies Corp. creates innovative solutions for complex challenges. A2Z’s flagship product is the world’s first proven mobile self-service shopping board. With its user-friendly smart algorithm, touchscreen, and computer vision system, Cust2Mate streamlines the retail shopping experience by automatically scanning purchased products and enabling payment in the cart so customers can simply ‘pick & pick &’. go âand avoid long checkouts. lines. This translates into a more efficient shopping experience for customers, less unused storage space and labor requirements, and advanced command and control capabilities for store managers. Cust2Mate’s SAAS software solution also provides radius heat maps for targeted advertising, direct marketing and special promotions that generate increased revenue and profit for retailers.
Additional A2Z products include advanced automotive fire prevention systems, bomb defusing robots and portable energy systems. The goal of all A2Z products is to save time, save money and save lives.
Caution Regarding Forward-Looking Statements
The TSX Venture Exchange Inc. has in no way passed upon the merits of the Company and has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Material factors – including availability of funds, results of financing efforts, results of exploration activities – which could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents. filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States or elsewhere. These securities have not been and will not be registered in the United States Securities Act of 1933, as amended, or in any state securities laws, and may not be offered or sold in the United States or to persons of the United States unless they are registered or exempt from it. .
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THE SOURCE: A2Z Smart Technologies Corp.
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