Newlist
ESGFIRE comments on Ekobot Signing Distributor Agreement for the Netherlands
Company: Ekobot
Listings: First North Sweden
Ticker: EKOBOT
Market cap at time of publication: 12,7 MSEK
Stock price at time of publication: 0,8 SEK
Business: Agtech farming robotics
Website: https://www.ekobot.se/
ESGFIRE comment:
ESGFIRE is thrilled to learn today (25/1 2024) that our portfolio company Ekobot has signed a distributor agreement with Homburg Holland for the Netherlands. The summary of the deal is that the distributor will gain an exclusive right "to sell Ekobot's autonomous robotic systems WEAI for mechanical weed control in the region. Homburg Holland has set an initial target to sell 10 robotic systems during 2024 and early 2025, with delivery scheduled for the 2025 growing season."
The potential order value of the sales target by Homburg Holland is not revealed however our assessment is that the total ordervalue should exceed €1 million EUR.
We are especially intrigued by the potential for Ekobot described by distributor Homburg Holland which believes there is "substantial opportunities for the Ekobot robotic systems in the Dutch market, once the first systems are successfully deployed commercially in the Netherlands."
Upon doing some research on Homburg Holland it seems that they have an annual turnover close to €5 million EUR and employs 5 individuals which makes us feel comfortable in the belief that the distributor will be able to achieve their announced sales target.
Overall the news bodes very well for the future of Ekobot!
The full press release can be found here:
https://www.ekobot.se/mfn_news/ekobot-signs-distributor-agreement-for-the-netherlandshttps://mfn.se/a/ekobot/ekobot-secures-short-term-loan
About ESGFIRE
ESGFIRE is an investment company and research firm that focuses on ESG companies with either an environmentally friendly service or product. ESGFIRE has a performance record of over 1000 % returns since 2018.
Contact details
Website: www.esgfire.com
Group CEO: Filip Erhardt
Email: Filip@esgfire.com
Telephone:+46701609605
Legal Disclaimer
This post is based upon reliable sources, namely regulated press releases from the company, as referred to above. Nevertheless, this post may contain interpretations, estimates, or opinions of the authors, or other non-factual information. If that is the case, this is continuously stated above. Furthermore, any projections, forecasts, or similar are explicitly stated as such.
The author holds shares and/or other securities of these companies and the relevant
companies may or may not have paid the author for content posted on this website. This
may impact the content on the website. Because of the above, ESG Fire urges the visitors to always analyze all the posts critically in an objective manner, e.g., concerning the reliability of the relevant source and of what constitutes the authors' personal interpretations. The visitor is hereby reminded that the post does, as set forth in the Post, contain interpretations, estimates, or opinions of the authors. This post was written by Filip Erhardt, at ESGFIRE, published on January 25th , 2024.
Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for educational purposes only and are not to be interpreted as tips, financial advice or recommendations of any kind to either buy or sell any stocks.
Datum | 2024-01-25, kl 14:38 |
Källa | Cision |
![](https://static.allaaktier.se/ads/hand-waving-2.png)