Source : THE AGE NEWS
By James Pearson
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.
TZ Limited’s smart locker technology and CapitaLand have taken out the Building Services & Facilities category at the 2025 SBR International Business Awards in Singapore.
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.
But perhaps the most powerful proof point of TZ’s future-facing technology appears to have come from Singapore, where the company just took out the Building Services & Facilities category at the 2025 SBR International Business Awards.
The award-winning solution is being rolled out across some of CapitaLand’s flagship sites, including its CapitaSpring, Rochester Commons and Geneo buildings.
More than 2,500 smart lockers are now humming along across the Asian real estate giant’s high-rise towers and technology precincts as part of a sweeping digital transformation strategy aimed at upgrading workspace efficiency, security and user experience.
The lockers, which have replaced bulky drawer units, are also able to run streamlined audit trails. Featuring facial recognition, QR code access and full integration into CapitaLand’s mobile platform, the cabinets notably work without network connectivity to ensure uninterrupted access.
In partnership with CapitaLand, TZ in now cooking up the next big thing with AI-powered lockers for predictive maintenance, data-driven insights and personalised user experiences.
With momentum in its technology, revenue and recognition and a 150 per cent climb in its share price over the past 12 months, TZ is shaping up as a quiet achiever with global ambitions. Now, its smart strategy might just be unlocking the next phase of growth.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
