Buddy Platform Ltd (ASX:BUD) and Digicel, the largest mobile operator in the Caribbean, has reached an agreement to sell, distribute and install Buddy Ohm through Digicel’s sales and operations teams.
Buddy provides highly scalable Internet of Things (IoT) data aggregation and management infrastructure by way of its unique offerings including Buddy Ohm.
Buddy Ohm is a low cost solution for facility resource monitoring and verification, connecting systems that were never designed to work together, while turning energy savings into a strategic asset.
Digicel will start marketing, selling, distributing and installing Buddy Ohm across its 26 markets in the Caribbean and Central America.
Tourism is the largest driver of revenues for the Jamaican economy and the wider region.
Major hotels, international resorts and other tourism facilities are enormous consumers of water and electricity.
Given the high cost of these resources, Digicel and Buddy have recognised an immediate opportunity to offer Ohm to help customers reduce their energy expenditure.
As the leading mobile operator in the Caribbean, Digicel has deep and broad relationships with the largest consumers of energy in the Caribbean.
This provides a unique opportunity to sell Ohm to business customers in need of energy monitoring services.
Buddy’s shares were last trading 14% higher intra-day on Friday, at $0.125.