Dutton Associates Announces Investment Opinion: TZ Ltd. Strong Speculative Buy Rating In Update Coverage By Dutton Associates

  
    
  
  
    
      Dutton Associates updates its coverage of TZ Ltd. (ASX: TZL) maintaining 
      a Strong Speculative Buy rating and a $9.20 target price. The 12-page 
      report by Dutton senior analyst Paul J. Resnik, CFA is available at www.duttonassociates.com 
      as well as from First Call, Bloomberg, Capital IQ, FactSet, Zacks, 
      Reuters, Knobias, and other leading financial portals.
    
    
      TZ is the market leader in intelligent fastening and smart materials 
      actuation control: the integration of intelligence and software control 
      into everyday objects to enable new levels of functionality. The Company 
      has created this novel market by adding intelligence, networking, 
      programmability, and electronic security functions to fasteners in ways 
      not previously considered. While significant time is required to 
      engineer TZ’s products into the products of 
      potential customers and then test the products and coordinate 
      manufacturing, TZ has begun to receive initial purchase orders for its 
      products and we anticipate a continuing stream of announcements of 
      contracts signed and markets entered. Moreover, TZ has indicated that 
      going forward it will be increasingly focused on securing shorter-cycle 
      opportunities for Intevia. Since TZ has introduced a unique and 
      potentially disruptive solution, it has virtually no direct competition 
      in intelligent fasteners. The Company maintains that its patents and 
      trade secrets provide a three to four year lead over any competitor just 
      starting to develop a similar product. In 2007, TZ’s 
      fastening technology was a development-stage opportunity with great 
      potential but no business. As of today, TZ’s 
      Intevia® intelligent fastening solutions 
      business is entering production with the receipt of a high volume order 
      in one of its key market segments. We believe, as pilot contracts turn 
      into high volume business in coming months, TZ shares will respond 
      favorably and we reiterate our Strong Speculative Buy rating on the 
      shares.
    
    
      About Dutton Associates
    
    
      Dutton Associates is one of the largest independent investment research 
      firms in the U.S. Its 30 senior analysts are primarily CFAs and have 
      expertise in many industries. Dutton Associates provides continuing 
      analyst coverage of over 140 enrolled companies, and its research, 
      estimates, and ratings are carried in all the major databases serving 
      institutions and online investors.
    
    
      The cost of enrollment in our one-year continuing research program is US 
      $35,000 prepaid for 4 Research Reports, typically published quarterly, 
      and requisite Research Notes. Dutton Associates received $37,500 from 
      the Company for 4 Research Reports with coverage commencing on 
      1/22/2008. We do not accept payment of our fees in company stock. Our 
      principals and analysts are prohibited from owning or trading in 
      securities of covered companies. The views expressed in this research 
      report accurately reflect the analyst's personal views about the subject 
      securities or issuer. Neither the analyst's compensation nor the 
      compensation received by us is in any way related to the specific 
      ratings or views contained in this research report or note. Please read 
      full disclosures and analyst background at www.jmdutton.com 
      before investing.