AUCKLAND, New Zealand,
Oct. 29, 2020 /PRNewswire/ --
Wellington Drive Technologies (Wellington) is pleased to announce that it has
signed an agreement with Imbera Cooling (Imbera) for the supply of
custom connected hardware and data services to support Imbera's
current and future requirements.
Wellington will be the
exclusive supplier of connected controllers, software and data
services to Imbera. Wellington
will provide versions of its cloud connected hardware bundled with
the associated IoT application software (apps) and data services
that have been customised to meet Imbera requirements.
Wellington and Imbera will
collaborate on products and services to support a range of Imbera
customers with connected refrigeration solutions. The agreement
includes the following key terms:
- a contract term of three years, renewable based on competitive
assurances;
- providing technology solutions including software apps and
platform customisation;
- ability to sell IoT products outside of the partnership and for
Imbera to continue selected internal projects, and adherence to
existing Wellington and Imbera
customer agreements;
- Wellington to make available
new product developments and provide support services to a defined
level based on sales volumes.
Initial sales of the custom controller and bundled data services
are expected to start in the first half of 2021, subject to the
completion of a customised connected controller product launch
(planned for fourth quarter 2020) and the commencement of Imbera
customer agreements.
The financial effects of the Imbera agreement will not emerge
until 2021, and are then expected to be materially positive,
notwithstanding the continued uncertainty on overall customer
demand as a result of COVID related restrictions.
Wellington CEO, Greg Allen
commented "This agreement represents a significant business
opportunity for Wellington with
annual Connect(TM) SCS volumes above 100,000 units potentially
achievable as the agreement progresses towards volume over the
coming years. Imbera is a long-time customer of Wellington and we are very excited to be able
to support their ventures and collaborate to support the commercial
refrigeration industry with new connectivity-based managed
services. This is further affirmation of the value of Wellington's IoT solution by one of the
largest commercial refrigeration manufacturers in the world."
Carlos Montoya, Imbera COO "Our
company is developing a range of services to better serve our
customers and help them maximise the value of their refrigeration
assets. The product partnership with Wellington combines our engineering and
customer expertise with Wellington's engineering capability and
product strategy to the benefit of our customers. We are looking
forward to working with Wellington
as an Imbera current and new ventures growth partner."
About Wellington Drive Technologies
Wellington is a leading
provider of IoT solutions, cloud-based fleet management platforms,
energy-efficient electronic motors and connected refrigeration
control solutions. It serves some of the world's leading food and
beverage brands and refrigerator manufacturers, and offers
proximity-based marketing for Smart Cities to the Australian
market. Wellington's services and
products improve sales, decrease costs and reduce energy
consumption. Headquartered in Auckland with a global reach, Wellington is listed on the New Zealand stock exchange under the ticker
symbol NZ:WDT
For further information visit www.wdtl.com
About Imbera
Imbera is a world leader in the commercial refrigeration
industry. Since 1941, it has dedicated itself to the design,
development and manufacture of commercial refrigeration equipment.
With production plants in Mexico,
Brazil and Colombia, and sales offices in 11 countries,
it is the only company in the entire American continent that offers
both the sale and integral maintenance of commercial coolers.
Imbera develops its own technology, which provides energy savings
and adapts to its customer's cooling strategies.
For further information visit www.imberacooling.com