the nature of tz

Ten years ago, TZ was a company aiming to develop radical new technology to replace mechanical fastening devices in a plethora of applications, with intelligent, software-controlled "Intelligent Fastening Technology" (anyone remember the IFT acronym?)

The company now has the appearance of being a "me too" supplier of lockers and cabinet systems equipped with electronic locks and associated software based control systems. Locker & cabinet locking systems incorporating software-controlled electrical/electronic locks have been around for decades. Not much chance of IP protection here.

So one can ask the question - is TZ's future prosperity now dependent on doing what many other companies are and have been doing - but better?

As a corollary to this, can TZ now expect to attract a valuation EBITDA multiplier of a future-looking technology leader (like Apple), or down to that of a commoditized technology supplier?

(If the latter, we'd better see some positive EBITDA numbers soon.)

Can anything be done to resurrect Dickory's original vision?

To the rose coloured glasses brigade - do your worst, I can take it!