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Locate Technologies Limited ( (NZ:LOC) ) has provided an announcement.
Locate Technologies, an NZX-listed AI-driven logistics technology provider, runs the Locate2u delivery management platform and the Zoom2u on-demand courier marketplace, serving fleets, retailers and logistics firms with real-time route optimisation and visibility tools. It also distinguishes itself in New Zealand’s capital markets as the first listed company to hold Bitcoin as a treasury reserve asset.
The company has signed a three-year services agreement with FedEx Australia, underscoring growing enterprise adoption of its Locate2u technology. While financial terms remain confidential, the deal strengthens Locate Technologies’ presence in the Australian logistics sector and signals potential for deeper partnerships with global delivery players.
More about Locate Technologies Limited
Locate Technologies Limited is an AI-powered delivery and logistics technology company listed on the NZX. It operates two main platforms: Locate2u, a route optimisation and delivery management system used by fleet operators, retailers and logistics providers globally, and Zoom2u, an on-demand courier and delivery marketplace in Australia. Its software offers route planning, delivery management and real-time visibility for businesses of all sizes. The company also holds Bitcoin as a reserve asset, making it New Zealand’s first listed Bitcoin treasury company.
Average Trading Volume: 17,246
Technical Sentiment Signal: Strong Sell
Current Market Cap: N$15.36M
See more insights into LOC stock on TipRanks’ Stock Analysis page.