Zimi Lands Nearly $550K Contract to Equip 289 Apartments with Smart Tech
Zimi Limited has landed a significant contract with Homecorp to supply smart home devices for nearly 300 apartments in a major Gold Coast development, marking a milestone in smart technology adoption in residential construction.
- Purchase order worth $499,004 plus $47,685 services engagement
- Smart switches to be installed in 289 apartments at Cienna Varsity Ridge
- Deal strengthens Zimi’s foothold in mainstream smart home technology
- Homecorp is a leading Australian developer focused on innovative communities
- Integration with major smart home ecosystems like Alexa and Google Assistant
A Major Win for Zimi in Smart Home Technology
Zimi Limited (ASX: ZMM) has announced a substantial purchase order from Homecorp, a prominent Australian property developer, for the supply of smart home devices valued at just under $500,000. This contract involves outfitting 289 apartments in the Cienna Varsity Ridge development on the Gold Coast with Zimi’s smart switches, marking a significant step in the company’s growth within the residential construction sector.
The order, facilitated through Zimi’s distributor Trader, also includes a services engagement worth nearly $48,000 to commission the project. Deliveries and installations are scheduled throughout 2026, aligned with the construction progress of the development.
Homecorp’s Vision for Connected Communities
Founded in 2004 by CEO Ron Bakir, Homecorp has built a reputation for creating future-focused communities across Australia. Their portfolio spans from Queensland to Victoria, encompassing a mix of house and land estates as well as mid- to high-rise developments. The Cienna Varsity Ridge project in Varsity Lakes is a prime example of Homecorp’s commitment to integrating smart technologies that enhance residents’ lifestyles.
Residents at Cienna Varsity Ridge will benefit from premium amenities such as resort-style pools, fitness centres, and rooftop BBQ areas, complemented by Zimi’s smart home technology that allows seamless control of lighting and power through smartphones and voice assistants like Amazon Alexa and Google Assistant.
Smart Home Tech Goes Mainstream
Zimi’s CEO Jordan Tentori highlighted the growing mainstream acceptance of smart home technology, driven by consumer demand shaped by tech giants such as Google, Apple, Amazon, and Samsung. Unlike traditional home automation systems, Zimi’s smart switches replace standard switches without the need for additional wiring, simplifying installation for electricians and making smart homes more accessible and affordable.
This project with Homecorp underscores the shift towards smart home technology becoming a standard feature in modern residential developments. Zimi’s approach aligns with this trend, positioning the company to capitalise on expanding opportunities in smart city initiatives and residential projects nationwide.
Looking Ahead
As smart home ecosystems continue to evolve, Zimi’s compatibility with major platforms and its focus on user-friendly solutions place it in a strong position to capture further market share. The partnership with Homecorp not only validates Zimi’s technology but also signals increasing demand for integrated smart living environments in Australia’s property market.
Bottom Line?
Zimi’s Homecorp deal signals smart home tech is no longer niche but a new residential standard.
Questions in the middle?
- How will construction timelines affect Zimi’s revenue recognition for this project?
- Can Zimi leverage this contract to secure similar deals with other major developers?
- What are the prospects for Zimi’s expansion beyond Australia into global smart home markets?
