TZ Limited provided shareholders with an update regarding its US business pipeline. Purchase orders received from clients in the USA since the beginning of April now exceed USD 2.2 million. The purchase orders are from a mix of TZ's existing base of blue-chip clients seeking to expand, upgrade and/or replace their access control and locker bank solutions with new TZ systems, as well as new clients committing to TZ SMArt lock and SMArt software platforms. Microsoft, a leading US technology company and existing TZ customer, has placed a purchase order of USD 547,000 to complete a major hardware upgrade on its existing Locker Bank network. In the university sector, a leading US university has taken the decision to cancel a large order with a competing locker provider in favour of TZ's mailroom and locker bank solution valued at USD 572,000. This clearly demonstrates the market leading position that TZ has attained in the US university mailroom/package locker marketplace and the increasingly recognised value of TZ's best-in-class software platform and electronic hardware solutions. The strong conversion of the US pipeline to purchase orders reinforces TZ's successful strategy over the last few years to substantially grow its installed user base and to expand its access to market through new distribution partnerships. This is further underpinned and supported by growing awareness of the company's highly differentiated position and recognition for its technology and software solutions, which is also supporting the growth of subscription-based annuity and recurring revenues.