Buddy Enters into An Agreement with DIYblinds.com.au

  • Oct 25, 2019 AEDT
  • Team Kalkine

Buddy Technologies Limited (ASX: BUD), a leader in IoT and cloud-based solutions for making spaces smarter, announced that it has executed agreements with DIYblinds.com.au, Australia’s largest window coverings manufacturer, for a smart blinds control solution for motorised blinds based on the Company’s technology platforms.

  • This technology will, for the first time, add internet connectivity, scheduling, voice assistant compatibility, energy awareness and mobile app control to DIYBlinds’ products;
  • The agreement contemplates an engineering services and product development fee of $130,000 of which $65,000 is non-refundable and will now be invoiced.

At AEST 01:15PM, the stock was trading at $0.018 per share, down by 10% from its previous close.

 

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