Key points
- Dotz Nano has entered into a Letter of Intent with Eneriqs AI Ltd for a technology license.
- Signed first commercial customer agreement with Limassol Shopping Centre.
- Bridgeford Group appointed as a reseller and revenue-share partner.
- Target to secure 25 building customer contracts within the first 12 months.
Full summary
Dotz Nano Limited (ASX: DTZ) has announced significant milestones in the expansion of its Dotz Energy platform. The company has entered into a confidential Letter of Intent with Eneriqs AI Ltd, proposing a technology license and an option to acquire Eneriqs assets. This addition aims to broaden the application of Dotz's energy-saving solutions across various commercial buildings. Additionally, Dotz Energy has secured its first commercial customer agreement with Limassol Shopping Centre for a pilot deployment of ChillerAI. This pilot runs for 12 months, with an intention to extend to a 5-year agreement. Furthermore, Dotz has signed a reseller and revenue-share agreement with Bridgeford Group, appointing them as a distribution partner for Dotz ChillerAI solutions. The commercial objective is to secure approximately 25 building customer contracts within the first 12 months, each expected to deliver estimated annual energy savings of approximately A$40,000, generating an estimated joint customer ARR of approximately A$750,000.
Guidance
Dotz Nano targets 25 building customer contracts within the first 12 months, aiming for joint customer ARR of approximately A$750,000.
Outlook
Dotz Nano is optimistic about the potential of its expanded energy-saving platform, aiming to significantly reduce energy costs and carbon emissions for commercial buildings.