- Buddy Technologies has signed a contract with DIYBlinds to include its smart home systems into DIY’s blind motors
- Buddy’s smart lights are Wi-Fi enabled and currently used in nearly 1 million homes
- With the contract, DIY’s products will be able to connect to the internet and be controlled by mobile apps and voice assistants like Siri, Alexa, and Bixby
- DIY will pay Buddy’s engineering team a $130,000 fee to implement the technology
- Buddy’s shares are unchanged today, trading at 2 cents each
Buddy Technologies has signed agreements with DIYblinds.com.au for its first large-scale Managed Services customer in the window blinds market.
DIYBlinds joins Airstream and Umps Health as customers of Buddy’s commercial licensing programs.
Buddy Managed Services is one of the company’s core businesses that empowers its customers to utilise digital technologies in a strategic and sustainable way. It licences Buddy’s technology platforms to customers to integrate into their own products.
The agreements provide for research, design, and development of a hardware and software solution to enable DIY’s preferred blind motors to operate with the LIFX smart home ecosystem.
Buddy’s LIFX smart lights are Wi-Fi enabled and are currently used in nearly 1 million homes. According to Buddy, the products are viewed as second only to lighting giant Philips Hue.
With the new contract, DIYBlinds’ products will become internet connected, controllable through a mobile app, compatible with all popular voice assistants, and will feed energy consumption data into the Buddy Ohm platform.
The Buddy Ohm platform is a resource monitoring and analytics solution that provides energy monitoring, reporting, and auditing services for commercial and industrial customers.
DIYBlinds will pay a $130,000 fee to engage Buddy’s Managed Services team to help their engineers implement the LIFX control platform into its preferred blind motors.
Following the execution of these agreements, Buddy and DIYBlinds plan to enter into volume licensing agreements for DIY to use the LIFX smart home ecosystem for an annual licence fee.
Both companies anticipate a significant and increasing demand for internet/remote controlled, voice assistant-compatible window blinds.
Buddy Technologies’ shares are unchanged today, with shares trading at 2 cents apiece as at 1:04 pm AEDT.