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ALLTERCO JSCO Allterco partners up with Power Workplace to address higher education market in Hong Kong

Directive transparence : information réglementée

15/03/2022 10:00

DGAP-News: Allterco JSCo / Key word(s): Alliance
Allterco partners up with Power Workplace to address higher education market in Hong Kong

15.03.2022 / 10:00
The issuer is solely responsible for the content of this announcement.


Allterco partners up with Power Workplace to address higher education market in Hong Kong

Sofia / Munich, 15 March 2022 - Allterco Asia Ltd, an Asian associated company of Allterco JSCo (ticker A4L / ISIN: BG1100003166) and provider of IoT and smart home products based in Sofia, Bulgaria, announced a partnership with Power Workplace, a PropTech system integrator and IoT technology solutions provider based in Hong Kong today. Through this partnership, Power Workplace has the exclusive right to distribute Allterco's Shelly line of home automation products to the higher education market in Hong Kong.

Shelly, the award-winning line of home automation products by Allterco, is one of the fastest-growing IoT brands in the world with devices that provide flexible solutions, entirely adjustable to customers' needs, giving modular, step-by-step automation based on their preferences. Shelly allows automation of the building with no excessive investment or without the need to go through the difficult process of changing the existing electrical installation.

Unlike many other brands, Shelly is compatible with all electrical installations and does not require a hub - a local internet connection is enough to set up. Furthermore, Shelly devices have an embedded server and function as standalone devices on the local network. Customers can choose if they will use the cloud or the local network. It is precisely the wide functionalities of Shelly devices that make them the preferred partner for Power Workplace.

"More than 5 million Shelly devices have been deployed globally. We are excited to bring these innovative smart automation solutions to our customers in Hong Kong," said Raymond Chan, CEO of Power Workplace.

"We are thrilled to partner with Power Workplace and deliver Shelly devices to the education market in Hong Kong. This is an important milestone for our company as it gives us the amazing opportunity to be part of the education process of so many talented and ambitious young professionals and acknowledged educators," explained Dimitar Dimitrov, CEO of Allterco.

About Power Workplace
Power Workplace was founded with the idea to help organizations to transform their workspaces through IoT implementation. Established in 2018 and headquartered in Hong Kong, we are a PropTech system integrator and IoT technology solutions provider that design, implement and maintain occupancy analytics and smart office applications for organizations across the APAC region.

Explore more at http://www.powerworkplace.com.

About Allterco
Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 4 subsidiary companies and has offices in Bulgaria, China and USA and is about to open an office in Germany. Allterco's products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

More information at allterco.com

Contact Investor Relations
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de



15.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Allterco JSCo
103 Cherny Vrah Bldv
1407 Sofia
Bulgaria
E-mail: s.iliev@allterco.com
Internet: www.allterco.com
ISIN: BG1100003166
WKN: A2DGX9
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin
EQS News ID: 1302081

 
End of News DGAP News Service

1302081  15.03.2022 

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