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How COVID helped this IoT business win $1 million in new contracts

November 3, 2021

How COVID helped this IoT business win $1 million in new contracts

Australian Internet of Things business TZ has won a series of new Australian contracts worth more than $1 million, with new CEO Mario Vecchio crediting changing workplaces as a driver.

Australian Internet of Things business TZ has won a series of new Australian contracts worth more than $1 million, with new CEO Mario Vecchio crediting changing workplaces as a driver.

Mr Vecchio made the remarks after inking a deal with global energy giant Chevron Corporation, which will see TZ supply electronics and software for 2,800 smart lockers in Chevron’s new Perth high-rise.

The deal is the latest in a string of similar victories for TZ, and comes shortly after the company won a tender to supply hardware and software for 2,000 smart storage lockers to CSL’s global headquarters in Melbourne.

“The company is certainly benefiting from changes to the workplace post COVID,” Mr Vecchio said.

TZ has also deepened its commercial relationships with existing clients, Mr Vecchio noted. Both Macquarie Telecom and NextDC have placed orders for the company’s data centre cabinet solutions.

NextDC has ordered the cabinets for its S3 site, which is still under development.

These orders have helped grow the company’s data centre sales to double what they were a year earlier.

“It’s been a busy first 30 days but I am excited to develop new client relationships, as well as to be continued valued partners for our existing clients,” Mr Vecchio said.

To stay up to date with the latest TZ Limited news and announcements, register your details on their investor centre.

Reach Corporate provide Corporate Advisory Services to TZL and have been engaged by them to manage their investor communications.

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