TZ shifts focus to capitalise on broader cloud technology market

As its rapid turnaround continues, TZ has closed out the September quarter (Q1 FY2022) with “ambitious growth plans”, its order book already looking stronger, and a cash flow positive target in its sights. To steer its ambitious growth plans, TZ appointed new chief executive officer Mario Vecchio last month.

After reviewing TZ’s traditional smart lock hardware and technology business model, Mr Vecchio has outlined a new direction, which involves a change in the model to TZ becoming a cloud-based software and consumption business.

Read more at Small Caps

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