Zimi Secures $1.42M in Orders, Expands Market Reach with New Partnerships

ZIMI Ltd ( (AU:ZMM) ) has provided an update.

Zimi Limited has confirmed $1.42 million in open orders with GSM Electrical (Australia) Pty Ltd (Trader), following shareholder approval to sell up to $6 million worth of products to Trader over two years. This approval marks a significant regulatory milestone, allowing Zimi to continue leveraging its relationship with Trader, a major distributor, to enhance its market presence. Additionally, Zimi’s new partnership with Zencontrol is set to expand its reach into the commercial control systems market, complementing its existing smart home offerings and potentially increasing its market share.

More about ZIMI Ltd

Zimi Limited (ASX: ZMM) is an Australian technology company focused on creating smarter living and working environments by connecting everyday electrical products to the Internet and to each other. The company’s product lines, including Powermesh and Senoa, feature smarter switches, light dimmers, power points, fan controllers, and garage door controllers, all of which can be installed by electricians and are effortlessly managed through Zimi’s intuitive home automation app. Zimi is capitalizing on a multi-billion-dollar opportunity within the Australian market, reaching customers through wholesale, commercial, retail, and trade channels, with partners such as Trader, Steel-Line, Beacon Lighting, Lighting Illusions, Zencontrol, and Polyaire.

Average Trading Volume: 193,308

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$3.48M

Learn more about ZMM stock on TipRanks’ Stock Analysis page.