something odd - patersons hot, sp cold, page-18

3H,

TZ started as an IP & technology development company, with Dickory's original vision being the replacement of traditional fasteners (nuts and bolts) with remotely controlled fasteners – the initial concept models using fixed magnets, then later on electromagnets and ultimately SMA with electronic control and networked communications.

The company’s target has moved far away (down from?) from that lofty goal.

What is left of the vision? One “smart fastener” ie the Radial, built into various types of electronic locking mechanism.

What does SMA enable? Smaller, stronger, cheaper mechanisms than achievable with alternatives such as solenoids or motors. Advantages for parcel lockers? Probably marginal.

In my view, TZ is now ‘just another electronic locking company’ competing in a commoditized market. TZ’s success or failure is unlikely to hinge on SMA or the Radial – but the hardware and software systems wrapped around them.

And, of course, the skills, dedication, business acumen and fundamental objectives of TZ’s board and management.