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Zoom2u Technologies (ASX:Z2U) partners with Bunnings Group for delivery platform

ASX News, Technology
ASX:Z2U      MCAP $15.11M
08 June 2022 15:09 (AEDT)

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Delivery solutions provider Zoom2u Technologies (Z2U) has partnered with Bunnings Group for the use of its Zoom2u platform.

The Zoom2u platform provides a simpler and more efficient delivery process for customers and businesses.

It provides customers with a live tracking link showing the real-time location of the delivery as well as an estimated time of arrival.

The agreement is not exclusive and follows the completion of a trial undertaken with Bunnings across select Australian stores.

Under the agreement, Bunnings is under no obligation to meet a minimum volume of spending or fee commitments.

The finances are yet to be revealed as it is dependent on delivery volumes.

“I am absolutely delighted to announce this agreement. To be chosen as one of Bunnings’ last mile delivery providers is a validation of the Zoom2u Platform,” Founder and CEO Steve Orenstein said.

“It has been a pleasure working closely with Bunnings over the past few months as they trialled the service.”

Shares in Zoom2u were up 9.76 per cent on the market and were trading at 22.5 cents at 1:40 pm AEST.

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