De.mem Limited (ASX:DEM) Announces Strategic Distribution Agreement
Strategic Distribution Agreement
De.mem Limited has entered a strategic distribution agreement with Firmbase Pte Ltd, Singapore, to distribute its filtration systems in China, Indonesia, and Japan. This partnership leverages Firmbase’s extensive network across these Asian markets.
First Commercial Order
The company has secured its first commercial order worth approximately $15,000 for the sale of its compact Ultrafiltration systems in China, marking a significant milestone in entering the US$2 billion Chinese home water filtration market.
Executive Comments
CEO Andreas Kroell stated, “We are excited to work with Firmbase, Singapore, to expand our distribution capabilities across Asia. De.mem’s world-leading technology and complete product & services range, combined with Firmbase’s extensive distribution network, is an excellent combination that will allow us to service more customers in more markets and grow De.mem revenues for shareholders.”
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