tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Zimi Limited Strengthens Market Position with New Agreements

Story Highlights
  • Zimi Limited has secured new manufacturing and distribution agreements to enhance supply chain and market position.
  • These agreements are expected to drive revenue growth and strengthen Zimi’s position in smart automation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zimi Limited Strengthens Market Position with New Agreements

Elevate Your Investing Strategy:

ZIMI Ltd ( (AU:ZMM) ) just unveiled an update.

Zimi Limited has announced new manufacturing and distribution agreements aimed at strengthening its market position and enhancing supply chain capabilities. The company has entered a non-exclusive manufacturing agreement with Zencontrol HK to improve supply chain flexibility and profitability, and a renewed distribution agreement with GSM Electrical (Australia) Pty Ltd, which accounts for a significant portion of Zimi’s sales. Additionally, Zimi has secured an exclusive distribution agreement with Zencontrol Pty Ltd to expand its reach into the commercial lighting sector, complementing its existing presence in residential and wholesale markets. These strategic moves are expected to drive revenue growth, enhance product availability, and strengthen Zimi’s position in the smart automation industry.

More about ZIMI Ltd

Zimi Limited is an Australian IoT technology company that enhances the connectivity of electrical devices across various settings, from homes to high-rise buildings.

Average Trading Volume: 190,424

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: A$3.87M

See more insights into ZMM stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1