Ann: Singapore Post New Purchase Commitment , page-38

Firstly, I thought this was a positive announcement, with confirmation in the form of a purchase order for the additional 55 units required to get to Sing Post's stated objective of 100 locker banks by end of CY14.

The progression of orders has seen:
- 5 initial trial lockers ordered
- 10 additional lockers deployed in Sept 2013
- 30 lockers were to be ordered for between Nov 2013 and Jan 2014
- 55 lockers ordered as per announcement

There is a big difference between a stated objective and a purchase order, so well done to management on securing additional order, as this guarantees significant revenue for TZ this year.

Having said that, I am still keen to see more progress (and quicker progress) like everyone else in many areas (IXP, soft launch of Swinghandle?, etc).


Also, let's hope TZ have a reasonable presence here:

http://www.postexpoasiapacific.com/exhib_list.php?n=exhib