A2Z Technologies Canada Corp. ('A2Z' or the 'Company') (TSXV: AZ), a pioneer in military robotics, services, and innovation in the auto industry, announced today that it has won three significant contracts with the Israel Electric Company (IEC).

'We are delighted to have been selected as the winner of these three important contracts,' stated Mr. Bentsur Joseph, CEO of A2Z Technologies Canada. 'The IEC is the national power company of Israel, and these contracts add to our growing client base and provide the Company with more income and cash flow to keep us strong as we expand and continue to work towards exciting opportunities. This is brand new business for A2Z and is key to achieving our business objectives. Our new contract with the IEC is a major step forward in our expansion into the civilian markets and speaks volumes on the reputation our team has spent over 30 years building here at A2Z.' The contracts are for the service and maintenance of the heating and cooling equipment across Israel by A2Z's experienced technicians and maintenance division. The contract is priced on a variable-basis determined by the service needs of the IEC. The Company has exclusivity with respect to service as well as the supply of hardware and parts used in service. The contract and exclusivity are for two years, with a high probability of winning the subsequent contract periods. The Israel Electric Corporation (IEC) is a public, government-owned company tasked with generating and supplying electricity to all sectors in the economy. The IEC's activities include the generation, transmission, transformation, distribution, and sale of electricity. The IEC owns and operates 17 power stations with 61 generating units including: 16 steam-driven, 31 gas turbines and 14 combined-cycle units. IEC's installed capacity stood at 13,335 MW. The IEC supplies reliable and high-quality electricity while complying with leading service standards and maintaining economic, commercial and environmental principles. The IEC employs approximately 11,476 workers and provides services to 2.8 million customers across Israel.

Contact:

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 forwardlooking 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 forwardlooking 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.

(C) 2020 Electronic News Publishing, source ENP Newswire