Lokies26 Feb 2020 09:54
I am really looking forward to hearing more about the below deal..
Following its successful launch in April 2019, Lokies, the Company's intelligent reporting padlock product, is attracting growing demand. The Company has recently signed an agreement with the Russian distributor that had previously tested the product and ordered an initial 500 units. This conditional agreement sets purchase targets for the distributor and supply targets for the Company and, whilst there are no binding purchase commitments, the Company is targeting the delivery of up to $2 million worth of Lokies in 2020. The agreement is for three years and provides exclusivity to the distributor in Russia, subject to them meeting certain targets.