Vancouver, BC – A2Z Technologies Canada Corp. (“A2Z” or the “Company“) (TSXV: AZ) has filed for an additional technology patent as it continues the development of the fuel tank inertia capsule system (FTICS). The company is aiming for installations to commence in 2020 to help save lives in the event of fires from vehicle collisions.
The FTICS is a patented 3-part system that deploys in the event of a vehicle collision. On collision, the FTICS releases a proprietary chemical mixture into the gas tank, neutralizing the contents rendering them inert and non-flammable. The gas tank is also isolated to ensure none of the contents leak. The final component of the FTICS system forces all the oxygen out of the gas tank to further limit the possibility of fire.
The FTICS requires no additional sensors as it is triggered by the same sensors that trigger the deployment of the vehicle’s airbag.
An in-depth video on how the FTICS works can be found here: Click Here
Mr. Bentsur Joseph, CEO of A2Z, highlights, “A2Z is a tier-one approved supplier to the Israeli Ministry of Defense. Our certifications and qualifications are second to none, and it is hard to describe just how excited we are about bringing this technology to mass markets. We look forward to bridging this last safety frontier and helping keep passengers and first responders safer in the event of life threatening vehicle collisions. We hope to save many lives and bring our shareholders healthy profits in the process. The FTICS is good for the world, the environment, and for our shareholders as well.”
According to the NFPA, for the five year period from 2014 to 2018, an estimated 864,000 highway vehicle fires occurred in the United States that resulted in 1925 civilian deaths and ~US$6.45B in property damage. The Fuel Tank Inertia Capsule System (FTICS) takes technology developed for military vehicles and looks to solve the problem of collision-related vehicle fires for non-military markets.
A2Z Technologies Canada Corp. is an innovative technology company based out of Israel, specializing in military technology and expanding into the civilian markets. A2Z has been operating for over 30 years and has a client base with 75 recurring clients, including the Israel Defense Forces, Security Forces, and Ministry of Defence among others. A2Z plans to leverage their cash flow-generating core-business to expand into the civilian robotics and automobile markets.
On Behalf of the Board,
Bentsur Joseph, CEO
Investor Relations Contact
Trenton Kwan, KIN Communications
Toll Free: 1-866-684-6730
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under applicable laws.