Bentsur Joseph, President and CEO of A2Z states, 'We wish to reiterate that our core business, working with government agencies, has been classified by the Israeli government as essential, and thus, we are operating at full capacity. We are taking every precaution possible to ensure our employees safety while remaining available to fulfill our various contracts with so many important divisions of the Israeli government, including the Army, Police, Ministry of Defense, among others, all of whom are also deemed 'essential services' and remain open, enabling us to fulfill our contracts as per relevant agreements.'
Additionally, with the recently completed financing and improved payment terms from our clients, the Company's balance sheet remains strong, enabling it to continue to grow its business. Bentsur continues, 'The Company's cash flow remains strong, and our business is robust, alive, and well. Our Canadian and
BUSINESS OF A2Z
Highlights
Core Business: A2Z's line of products include unmanned remote-controlled vehicles of various sizes designed for intricate bomb disposal, counter terrorism, and firefighting, as well as energy storage power packs/generators. A2Z also provides maintenance services to both external and in-house complex electronic systems and products to over 75 clients. A2Z has been an
Expansion into Civilian Markets: To drive growth, A2Z plans to adapt its military technologies for the much larger civilian markets. One patent-pending product is a capsule (FTICS) that prevents vehicle fires resulting from collisions. A2Z has also been granted a patent for a smart vehicle cover device that protects automobiles from the elements while the vehicle is parked and is stowed away safely in the vehicle's bumper when not in use.
Fuel Tank Intelligent Containment System (FTICS): In the event of a collision, the FTICS system installed into the fuel tank prevents the ignition of fuel, thereby mitigating the spread of fire and explosion, minimizing risk to human life and property damage. According to the NFPA, from 2014 to 2016, an estimated 171,500 highway vehicle fires occurred in
Management: CEO Bentsur Joseph's previous venture, Comfy Interactive, was acquired by
Contact:
Bentsur Joseph
Tel: 1-866-684-6730
This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements.
Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under applicable laws.
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