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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.