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Buddy Platform has a growth plan following its largest distribution deal

The halt will remain in place until Monday 30th October 2017.

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The company's shares are in pre-open

Buddy Platform Ltd (ASX:BUD) recently secured its largest distribution deal to date, having executed a nationwide resale and distribution agreement with Ingram Micro Canada, part of the world’s largest distributor of technology products.

The agreement will give Buddy access to Ingram Micro’s national network of resellers.

Buddy provides highly scalable Internet of Things data aggregation and management infrastructure.

The company has now attracted investment from sophisticated investors to fund growth, and the ASX has granted a trading halt to prepare details.

The halt will remain in place until the opening of trade on Monday 30th October 2017, or earlier if an announcement is made to the market.

Quick facts: Buddy Platform Ltd

Price: 0.064 AUD

ASX:BUD
Market: ASX
Market Cap: $166.53 m
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