SOURCE: TZ Limited

TZ Limited

May 12, 2011 09:30 ET

TZ Limited Announces First Global Deployment of Residential Packaged Asset Delivery Solution, TZ Concierge™

CHICAGO, IL--(Marketwire - May 12, 2011) - TZ Limited's wholly owned subsidiary Telezygology, Inc. (TZI) has announced the first commercial deployment of TZI's Packaged Asset Delivery residential solution, TZ Concierge™, to be installed at the prestigious Sterling Private Residences Tower in downtown Chicago, Illinois. The installation was agreed upon for a 10 year lease term, which follows a successful 90 day evaluation trial of the product and represents the first global application of TZ's state-of-the-art technology in a residential environment.

The Sterling is a 389 unit complex that receives approximately 252 parcels per week for its 750 residents. The TZ Concierge™ system is comprised of 48 next generation intelligent lockers that utilise state-of-the-art technology to automate, manage and monitor asset delivery. As a parcel is deposited into a secure locker unit, the intended recipient is automatically alerted via email or SMS with a unique pin code that allows access to the locker for 24/7 pick-up. TZ Concierge™ provides a secure exchange with a full audit trail for accountability and up-to-the-minute tracking.

"TZ Concierge™ is a breakthrough amenity that offers significant value both to residents and to The Sterling property as a whole," said TZ Limited Executive Chairman Mark Bouris. "As online retail continues to grow at such a rapid pace, the deployment of packaged asset delivery in the residential environment will become a major issue for traditional mail room operators. The Sterling is the first residential complex in the world to offer TZ Concierge™, and it will set the bar for implementing real value amenities into future residential developments around the world."

During the 90 day trial of TZ Concierge™ at The Sterling, the property management staff found that residents were picking up their parcels sooner than they had previously, with the average time elapsed between package drop-off and pick-up decreasing by 54%. A survey of registered residents who used TZ Concierge™ for the initial evaluation period gave an overall satisfaction rating of 4.8 out of 5, with 24/7 access and the SMS or email notification being the top two system benefits.

"The installation of TZ Concierge™ at The Sterling validates TZ's packaged asset delivery solutions for the high density residential market, which is a substantial and new addressable vertical market for TZ," says TZI CEO John Wilson. "This deployment also demonstrates our ability to implement an annuity based revenue model, which has the potential to significantly expand our commercial opportunities and open the door to TZ exploring the potential of offering financing solutions to support future implementations."

"We have migrated our offerings from simple hardware sales transactions to hardware and software system solutions with combined services and on-going system maintenance and upgrade annuity revenue streams," says Wilson. "This implementation is a great example of TZ delivering a total end-to-end solution and value-added product and service offering."

This first deployment of TZ Concierge™ highlights the company's progressive growth over the past 18 months and affirms the steps the company has taken to build their global sales and distribution network.

With the successful introduction of TZ Concierge™ at The Sterling, TZ is now actively promoting the System to the Condo Boards of The Sterling's sister properties and other properties in Chicago as well as other major global cities such as New York and Sydney.

About Telezygology, Inc.
Telezygology, Inc. is a wholly owned subsidiary of TZ Limited, an Australian public company listed on the Australian Stock Exchange (ASX: TZL). Through its two subsidiaries, Telezygology, Inc. and Product Development Technologies, Inc., TZ Limited employs over 130 professional resources deployed in 10 offices across five international locations, in businesses focused on technology commercialization and multi-disciplinary design and engineering services. For additional information please visit http://ixp.tz.net

Contact Information

  • TZ Media Enquiries:
    Chelsea O'Donnell
    Public Relations Manager
    TZ Limited
    T 02 8226 8202
    M 0414 704 033
    E Email Contact