A2Z Cust2Mate Solutions CorpAZ
Price$5.75Intrinsic value$6.6716% above price

Qualitative Analysis

Business overview

Business Overview

A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) is a global leader in smart retail technology, specializing in the development and commercialization of AI-powered smart shopping cart solutions. Formerly known as A2Z Smart Technologies Corp., the company rebranded in August 2024 to align with its core focus on the Cust2Mate platform. The Cust2Mate system integrates advanced algorithms, computer vision, and touchscreens directly onto shopping carts, enabling in-cart product scanning and instant payment. This allows shoppers to bypass traditional checkout lines while providing retailers with a powerful platform for in-store digital engagement, loss prevention, and retail media monetization.

Research as of 20 Jun 2026

Strategic Initiatives

Growth programs, investments, and their expected impact

AI-assisted
Global Supply Chain and Manufacturing OptimizationEfficiency

Expanding logistics hubs in Bulgaria and Panama, and transitioning to smart cart kits assembled at a dedicated large-scale facility in China.

Expected impact: Streamlines global supply chain logistics, reduces per-unit manufacturing costs, and accelerates international delivery timelines.

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InvestmentFunded through the $30 million non-dilutive commercial line of credit and existing working capital.
TimelineOngoing through 2026, with China facilities ramping up to full capacity by Q3 2026.
Retail Media and Data MonetizationInnovation

Launching and scaling the Retail Media Division to monetize in-store digital advertising assets on smart cart screens through exclusive commercial rights with retail partners.

Expected impact: Establishes a high-margin, recurring software-as-a-service (SaaS) and advertising revenue stream to complement hardware sales.

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InvestmentSupported by the $45 million equity financing round completed in late 2025.
TimelineInitial revenues generated in Q1 2026, with geometric scaling expected as the installed base grows.

Mergers, Acquisitions & Partnerships

Recent deals and strategic collaborations

AI-assisted

Strategic Partnerships

Carrefour Israel (Franchisee)Strategic Commercial Agreement

A five-year agreement to deploy 4,000 Cust2Mate smart carts across Carrefour Israel stores, starting with six flagship locations in Q3 2026.

Terms: Valued at approximately $50 million over five years, built on a recurring revenue model.

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YochananofCommercial and Technology Upgrade Agreement

Secured a $55 million order for 5,000 next-generation Cust2Mate 3.0 smart carts, including a data, retail media, and digital services collaboration.

Terms: Exceeds $55 million; A2Z will also purchase Yochananof's existing Gen 2.5 carts for $7 million as the Gen 3 rollout progresses.

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NayaxJoint Integration and Sales Collaboration

Collaborating to sell the Cust2Mate 3.0 smart cart system with integrated Nayax payment technology as a unified, end-to-end solution globally.

Terms: Revenue share or other commercial arrangements established per country of deployment.

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AI-assisted, source-linked narrative; figures from company filings (SEC EDGAR) and market data. Dates shown per section. Not investment advice. Terms of Use.