Latest news with #TZ
The Age
20-05-2025
- Business
- The Age
TZ jags second Microsoft-backed sale for data centre locking kits
ASX-listed smart access specialist TZ Limited has received a second purchase order for 125 cabinet locking kits from Wesco Anixter, the procurement arm of technology giant Microsoft. The kits from this order are destined for data centres in Europe, the Middle East and Africa. The new deal is worth about US$156,000 (A$240,000) and adds to an earlier 120-kit purchase for Microsoft's United States operations revealed earlier this month. The latest order takes TZ's total Microsoft-backed sales so far to US$362,500 (A$585,000). The order is part of a broader 360-unit commitment worth $725,000 to install a high-tech locking solution on Microsoft's server cabinets in data centres around the globe. It also represents the start of a commercial rollout of the company's retrofit solution to the high-security data centre market. TZ's kits are powered by the company's proprietary slide handle smart locking system, which blends a futuristic shape memory alloy (SMA) with microprocessors to create a unique electronic locking system. Known as the 'SMArt' system, the technology has dispensed with clunky keys in favour of a sleek, software-powered solution that puts control at a user's fingertips, offering tougher security and remotely controllable access with the push of a button or a card tap. The lock comes with TZ's API-driven software combined with PortLink connectivity units and all the hardware needed to bolt into existing cabinet infrastructure. The kits were specifically designed as a retrofit solution to deliver upgraded rack-level security, which can integrate seamlessly with Microsoft's broader access control platforms. The Microsoft deal followed top-notch results from pilot installations at data centres in Dublin and Chicago and comes hot on the heels of the tech giant's recently reported plans to spend US$80 billion to expand its global data centre footprint.
Sydney Morning Herald
20-05-2025
- Business
- Sydney Morning Herald
TZ jags second Microsoft-backed sale for data centre locking kits
ASX-listed smart access specialist TZ Limited has received a second purchase order for 125 cabinet locking kits from Wesco Anixter, the procurement arm of technology giant Microsoft. The kits from this order are destined for data centres in Europe, the Middle East and Africa. The new deal is worth about US$156,000 (A$240,000) and adds to an earlier 120-kit purchase for Microsoft's United States operations revealed earlier this month. The latest order takes TZ's total Microsoft-backed sales so far to US$362,500 (A$585,000). The order is part of a broader 360-unit commitment worth $725,000 to install a high-tech locking solution on Microsoft's server cabinets in data centres around the globe. It also represents the start of a commercial rollout of the company's retrofit solution to the high-security data centre market. TZ's kits are powered by the company's proprietary slide handle smart locking system, which blends a futuristic shape memory alloy (SMA) with microprocessors to create a unique electronic locking system. Known as the 'SMArt' system, the technology has dispensed with clunky keys in favour of a sleek, software-powered solution that puts control at a user's fingertips, offering tougher security and remotely controllable access with the push of a button or a card tap. The lock comes with TZ's API-driven software combined with PortLink connectivity units and all the hardware needed to bolt into existing cabinet infrastructure. The kits were specifically designed as a retrofit solution to deliver upgraded rack-level security, which can integrate seamlessly with Microsoft's broader access control platforms. The Microsoft deal followed top-notch results from pilot installations at data centres in Dublin and Chicago and comes hot on the heels of the tech giant's recently reported plans to spend US$80 billion to expand its global data centre footprint.
Sydney Morning Herald
09-05-2025
- Business
- Sydney Morning Herald
TZ locks in global data centre deal with Microsoft backing
In a game-changing development, ASX-listed TZ Limited has clinched its first order for 120 smart cabinet locking kits for global data centres, with technology titan Microsoft sitting squarely behind the deal. The order, placed through Microsoft's procurement agent Wesco Anixter, marks the start of the commercial rollout of TZ's retrofit solution. The initial order is part of a broader 360-unit commitment worth $725,000 and will be distributed across high-growth regions including the United States, Europe, the Middle East, South Africa and Asia. TZ has reimagined the humble lock, fusing cutting-edge shape memory alloy (SMA) technology with intelligent microprocessors to create a next-generation electronic locking system. Dubbed the 'SMArt' system, the high-tech solution ditches the old-school lock and key in favour of a sleek, software-driven setup that delivers superior security, remotely controllable with a tap or a click. 'The growing pipeline of sales opportunities continues to validate TZ's cabinet locking solutions.' TZ Limited chief executive officer John Wilson TZ says the new order is a major win for the company, whose cabinet security tech is quickly becoming a go-to solution in a data-driven world fuelled by the booming demand for artificial intelligence, cloud computing and digital transformation. The smart locking kit incorporates a modular, retrofit-friendly design that can be easily integrated into existing access control systems via hardwiring or through TZ's API-driven software. The system provides real-time access tracking and compliance auditing using TZ's proprietary Centurion Enterprise software platform. TZ Limited chief executive officer John Wilson said: 'The growing pipeline of sales opportunities continues to validate TZ's cabinet locking solutions and our ability to meet the needs of the market.' The Microsoft deal follows good results from pilot installations in Dublin and Chicago, which the company says have positioned TZ to become a serious player in the global data centre arms race.
The Age
09-05-2025
- Business
- The Age
TZ locks in global data centre deal with Microsoft backing
In a game-changing development, ASX-listed TZ Limited has clinched its first order for 120 smart cabinet locking kits for global data centres, with technology titan Microsoft sitting squarely behind the deal. The order, placed through Microsoft's procurement agent Wesco Anixter, marks the start of the commercial rollout of TZ's retrofit solution. The initial order is part of a broader 360-unit commitment worth $725,000 and will be distributed across high-growth regions including the United States, Europe, the Middle East, South Africa and Asia. TZ has reimagined the humble lock, fusing cutting-edge shape memory alloy (SMA) technology with intelligent microprocessors to create a next-generation electronic locking system. Dubbed the 'SMArt' system, the high-tech solution ditches the old-school lock and key in favour of a sleek, software-driven setup that delivers superior security, remotely controllable with a tap or a click. 'The growing pipeline of sales opportunities continues to validate TZ's cabinet locking solutions.' TZ Limited chief executive officer John Wilson TZ says the new order is a major win for the company, whose cabinet security tech is quickly becoming a go-to solution in a data-driven world fuelled by the booming demand for artificial intelligence, cloud computing and digital transformation. The smart locking kit incorporates a modular, retrofit-friendly design that can be easily integrated into existing access control systems via hardwiring or through TZ's API-driven software. The system provides real-time access tracking and compliance auditing using TZ's proprietary Centurion Enterprise software platform. TZ Limited chief executive officer John Wilson said: 'The growing pipeline of sales opportunities continues to validate TZ's cabinet locking solutions and our ability to meet the needs of the market.' The Microsoft deal follows good results from pilot installations in Dublin and Chicago, which the company says have positioned TZ to become a serious player in the global data centre arms race.
The Age
01-05-2025
- Business
- The Age
TZ smart locker wins global praise as Keyvision deal lifts sales
ASX-listed smart lock innovator TZ Limited has come out swinging in its March quarter after clinching a key acquisition, clocking up record software as a service (SaaS) revenue growth and bagging a major technology gong. As previously telegraphed to the market, the company has now officially locked up Australian-based property technology company, Keyvision Holdings, in a debt-funded $4 million deal designed to turbocharge TZ's push into recurring SaaS revenue. Developed two years ago as an App for property tenants, Keyvision's platform delivers information about multi-tenanted properties and even provides booking services for shared facilities. The acquisition has also armed the company with fresh cross-sell opportunities and locked in a new revenue stream forecast to hit $1.6 million annually within 12 months. TZ's smart locking technology uses a shape memory alloy (SMA) combined with microprocessors to produce its groundbreaking electronic locking and fastening mechanism. The TZ 'SMArt' system offers a more secure, software-controlled alternative to traditional locks and keys, with the added benefit of remote operation. Despite revenue headwinds from the United States where tariff volatility, port congestion and delayed shipments have slowed sales, other operating regions, according to the company, have overachieved for the quarter with SaaS division sales on track for a 20 per cent year-on-year uplift. Operating cash burn for the quarter came in at $1.03m, with $1.49m in manufacturing and operating costs and $988,000 in staff expenses accounted for by $2.23m in customer receipts. Management says, overall, its cost discipline has remained tight with its spend tracking 10 per cent below budget excluding one-off legal and acquisition fees. The new $4 million secured debt facility also gives TZ the firepower to chip away at its First Samuel loan, slashing the balance down to just $1.5 million. The company says it remains upbeat about its growth plans especially for the coming quarter thanks to a deep sales pipeline in the US, booming demand for its DC Cabinet Security solutions and ongoing traction with Keyvision deployments across the Asia-Pacific.
