Buddy Platform inks sales, marketing & distribution deal with Digicel

Company News

by Jessica Amir

Buddy Platform (ASX:BUD) has inked an agreement with Digicel for its Buddy Ohm product to be marketed, sold, distributed and installed across its 26 markets in the Caribbean and Central America.

The Internet of Things (IOT) data management, processing and control platform’s product, Buddy ohm, will be branded by Digicel, which is a major mobile phone operator reseller.

Buddy Platform says the extremely high cost of electricity in some Digicel markets creates a significant opportunity for Buddy ohm and Digicel.

The company says, the product will fill a gap in the market and reduce customers energy costs, particularly in the tourism and hospitality sectors.

Shares in Buddy Platform (ASX:BUD) are trading 13.6 per cent higher to 12.5 cents.
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.