TZ Limited Secures Major Order for Data Centre Cabinet Locking Solutions

TZ Limited ( (AU:TZL) ) has issued an announcement.

TZ Limited has secured its first order for its Data Centre Cabinet Locking solution from Wesco/Anixter, acting as a procurement agent for Microsoft. This marks a significant step following a successful evaluation and pilot phase, with the initial order covering key regions including the US, Europe, and Asia. The company is experiencing double-digit growth in its DC Security sales, driven by the expanding data center market fueled by AI, cloud computing, and digital transformation. TZ is refocusing its sales efforts with a dedicated team targeting high-growth regions like Asia-Pacific to capitalize on this demand. The company’s solutions offer advantages such as modular kits for retrofits and integration with third-party systems, positioning TZ well to support major operators like NextDC and Macquarie Data Centres in their expansion plans.

More about TZ Limited

TZ Limited is a global leader in smart locking and secure access control solutions. The company operates through four complementary business segments, including Data Centre Cabinet Security and Access Control & Smart Locking Solutions. TZ’s products are deployed in various industries such as defense, aerospace, healthcare, and critical infrastructure, focusing on secure locking and access control for server cabinets in hyperscale and enterprise data centers.

Average Trading Volume: 144,519

Technical Sentiment Signal: Buy

Current Market Cap: A$20.77M

For detailed information about TZL stock, go to TipRanks’ Stock Analysis page.