Latest Smart Locking Technology News

TZ Limited (ASX:TZL) has secured $0.81 million through a private placement at a 22% premium to the last traded price, issuing 16.2 million shares with attaching options pending shareholder approval. The funds will support debt repayment, vendor payments, working capital, and growth initiatives in smart locking and data centre security.

TZ Limited has received a second purchase order from Wesco Anixter on behalf of Microsoft, reinforcing its growing role in global data centre security deployments. The combined orders now total approximately AUD 585,000, highlighting strong momentum in TZ’s expansion across key international markets.