Sign up Australia
Proactive Investors - Run By Investors For Investors

Buddy Platform teams up with the largest mobile operator in the Caribbean

Digicel has relationships with the largest consumers of energy in the Caribbean.
A woman sitting on the beach looking at a mobile phone
Buddy Ohm is a low cost solution for facility resource monitoring

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.

View full BUD profile View Profile

Buddy Platform Ltd Timeline

Related Articles

A manganese sample from the Bryah Basin Project
October 02 2018
Emerging new applications for manganese in batteries and energy storage are seen as exciting opportunities.
Picture of a copper car
May 01 2018
Based on 2018 projections, Aeris will have reduced debt from US$136 million to US$49 million over the last five years.
Ironbark’s vessel the Nunavik
August 09 2018
Ironbark is hopeful of attracting equipment suppliers to reduce the capital cost of building its big zinc mine by 30% or US$150 million.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use