A2Z Technologies Canada Corp. ('A2Z' or the 'Company') (TSXV: AZ) (FSE: A23), a pioneer in military robotics, services, and innovation in the auto industry, announced today a new contract with the Israel Electric Company.

A2Z has three prior pre-existing contracts with the IEC for various products and services. This new contract is for additional services for systems not covered under the scope of the other existing contracts between the IEC and A2Z and is an important expansion of the scope of services that A2Z provides to the IEC. This contract is priced on a variable-basis determined by the needs of the IEC. A2Z has exclusivity with respect to service as well as the supply of hardware and parts used in service. A2Z's anticipated profit margin before taxes is estimated at approximately 30%. The contract and exclusivity are for 2 years beginning March 2020, with a significant potential of winning subsequent future contracts. Mr. Bentsur Joseph, CEO of A2Z stated, 'After winning the first three contracts with the IEC, we began providing our services under the scope of our existing agreements. Being satisfied with our performance, and the performance of our products, the IEC has awarded us this additional contract, thereby expanding the scope of our relationship.' Bentsur continued, 'We are very proud of the further validation of A2Z's business model, with this add-on contract for the national electric company of the State of Israel and A2Z. This is another important step for A2Z which will generate additional revenue as well as additional value for our shareholders. It reaffirms our commitment to produce cutting edge technology on the one hand and generate revenue on the other hand, thereby providing our shareholders with a solid revenue generating company as well as the potential of our breakthrough technologies all at once.'

A2Z Technologies Canada Corp. is an innovative technology company based out of Israel, specializing in military technology and expanding into the civilian markets. A2Z has been operating for over 30 years and has a client base with 75 recurring clients, including the Israel Defense Forces, Security Forces, and Ministry of Defence among others. A2Z plans to leverage their cash flow-generating core-business to expand into the civilian robotics and automobile markets.

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