Total
0
Shares
Buddy Technologies (ASX:BUD) - CEO, David McLauchlan
CEO, David McLauchlan
Source: Anthill Magazine
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Buddy Technologies (BUD) has received its largest European order for its new LIFX White Smart Lights, totalling nearly $700,000
  • This order complements a recent $3.8 million order for the same product
  • Buddy has also announced that it will speed-up its business in Germany by running its first European TV advertisement
  • This ad has been made in partnership with Google and online retailer Think.de
  • Buddy has jumped 19.2 per cent on the market and shares are trading for 1.6 cents each

Buddy Technologies (BUD) has received its largest European order for its new LIFX White Smart Lights, totalling nearly $700,000.

This order is a very important milestone for the company, achieving its goal of “rapidly (and profitably) expanding into Europe, the Middle East and Africa” in 2020.

This order complements a recently received $3.8 million order, also for its LIFX White Smart lights.

Both of these orders have put Buddy in a strong financial position.

Buddy’s recently launched LIFX White Smart lights are low-cost, approximately $15, energy-efficient and easy to install. They also include wi-fi for easy and mobile use.

Furthermore, Buddy has also announced that it will speed-up its business in Germany by running its first European TV advertisement.

This ad, which was made in partnership with and funded by Google and online retailer Think.de, will start rolling out on Friday night.

The commitment to feature LIFX was also accompanied by an initial order of LIFX lights, and, should the ad perform well, then additional orders will be placed.

Buddy has jumped 19.2 per cent on the market and shares are trading for 1.6 cents each at 11:14 am AEST.

BUD by the numbers
More From The Market Herald
ELMO Software (ASX:ELO) - CEO, Danny Lessem

" ELMO Software (ASX:ELO) launches new COVID-19 tracking module

ELMO Software (ELO) has launched a new module, enabling businesses to track employee’s COVID-19 vaccination and test status.

" Vection Technologies (ASX:VR1) launches upgraded virtual reality design tool

Vection Technologies (VR1) shares are trading in the green after launching an upgrade to its virtual reality design application MinDesk.
Damstra (ASX:DTC) - Chairman, Johannes Risseeuw

" Damstra (ASX:DTC) completes $18m TIKS Solutions buy

Damstra (DTC) has completed the acquisition of software-as-a-service (SaaS) business TIKS Solutions.
Adveritas (ASX:AV1) - Cofounder and CEO, Matthew Ratty

" Adveritas (ASX:AV1) sees TrafficGuard integrate with Google Cloud Marketplace

Adveritas (AV1) has seen TrafficGuard officially accepted and integrated into the Google Cloud Marketplace.