Ispire Technology Expands Global Reach through 5-Year Master Distributor Agreement with ANDS for MENA and Global Duty-Free Markets
Ispire Technology Inc. (NASDAQ: ISPR) has entered a five-year master distributor agreement with ANDS, a Dubai-based distributor, to expand its global reach. This partnership will bring Ispire's Hidden Hills Club nicotine portfolio to the Middle East, North Africa (MENA) region, and Global Duty-Free markets.
The collaboration covers 20+ MENA markets and provides access to more than 45 airports, cruise ships, airlines, and diplomatic facilities through ANDS' partnerships with major duty-free operators. This strategic move aims to meet the growing demand for harm-reduced alternatives to combustible cigarettes in one of the world's fastest-growing regions for alternative nicotine products.
The partnership leverages ANDS' expertise in regulatory, legal, compliance, brand building, sales, and distribution, along with local market insights, to position Ispire's products effectively in these new markets.
Ispire Technology Inc. (NASDAQ: ISPR) ha stipulato un accordo di distribuzione master di cinque anni con ANDS, un distributore con sede a Dubai, per espandere la sua portata globale. Questa partnership porterà il portafoglio di nicotina Hidden Hills Club di Ispire nel Medio Oriente, Nord Africa (MENA) e nei mercati Duty-Free globali.
La collaborazione copre oltre 20 mercati MENA e fornisce accesso a più di 45 aeroporti, navi da crociera, compagnie aeree e strutture diplomatiche attraverso le partnership di ANDS con i principali operatori duty-free. Questa mossa strategica mira a soddisfare la crescente domanda di alternative a ridotto rischio rispetto alle sigarette combustibili in una delle regioni a più rapida crescita del mondo per i prodotti alternativi alla nicotina.
La partnership sfrutta l'esperienza di ANDS in ambito normativo, legale, di conformità, costruzione del marchio, vendite e distribuzione, insieme a intuizioni del mercato locale, per posizionare efficacemente i prodotti di Ispire in questi nuovi mercati.
Ispire Technology Inc. (NASDAQ: ISPR) ha firmado un acuerdo maestro de distribución a cinco años con ANDS, un distribuidor con sede en Dubái, para expandir su alcance global. Esta asociación llevará el portafolio de nicotina Hidden Hills Club de Ispire a la región de Medio Oriente, Norte de África (MENA) y los mercados globales Duty-Free.
La colaboración abarca más de 20 mercados MENA y proporciona acceso a más de 45 aeropuertos, cruceros, aerolíneas y instalaciones diplomáticas a través de las asociaciones de ANDS con los principales operadores duty-free. Este movimiento estratégico tiene como objetivo satisfacer la creciente demanda de alternativas de menor riesgo a los cigarrillos combustibles en una de las regiones de más rápido crecimiento en el mundo para productos alternativos de nicotina.
La asociación aprovecha la experiencia de ANDS en regulación, legalidad, cumplimiento, construcción de marca, ventas y distribución, junto con conocimientos del mercado local, para posicionar eficazmente los productos de Ispire en estos nuevos mercados.
Ispire Technology Inc. (NASDAQ: ISPR)는 두바이에 본사를 둔 유통업체 ANDS와 5년 마스터 유통 계약을 체결하여 글로벌 진출을 확대합니다. 이번 파트너십을 통해 Ispire의 Hidden Hills Club 니코틴 포트폴리오는 중동, 북아프리카(MENA) 지역 및 글로벌 면세 시장에 소개될 것입니다.
협력 관계는 20개 이상의 MENA 시장을 포함하고 있으며, ANDS의 주요 면세 운영자들과의 파트너십을 통해 45개 이상의 공항, 크루즈 선박, 항공사 및 외교 시설에 접근할 수 있습니다. 이 전략적 조치는 세계에서 가장 빠르게 성장하는 대체 니코틴 제품 지역 중 하나에서 연소성 담배에 대한 감소된 위험 대안에 대한 수요 증가에 부응하기 위한 것입니다.
파트너십은 ANDS의 규제, 법률, 준수, 브랜드 구축, 판매 및 유통의 전문성과 현지 시장 통찰력을 활용하여 Ispire의 제품을 새로운 시장에 효과적으로 포지셔닝합니다.
Ispire Technology Inc. (NASDAQ: ISPR) a conclu un accord de distribution maître de cinq ans avec ANDS, un distributeur basé à Dubaï, afin d'élargir sa portée mondiale. Ce partenariat permettra de présenter le portefeuille de nicotine Hidden Hills Club d'Ispire au Moyen-Orient, en Afrique du Nord (MENA) et sur les marchés Duty-Free mondiaux.
La collaboration couvre plus de 20 marchés MENA et offre un accès à plus de 45 aéroports, navires de croisière, compagnies aériennes et installations diplomatiques grâce aux partenariats d'ANDS avec les principaux opérateurs duty-free. Ce mouvement stratégique vise à répondre à la demande croissante d'alternatives à risque réduit par rapport aux cigarettes combustibles dans l'une des régions connaissant la plus forte croissance au monde pour les produits alternatifs à la nicotine.
Le partenariat tire parti de l'expertise d'ANDS en matière de réglementation, de légalité, de conformité, de construction de marque, de vente et de distribution, ainsi que des connaissances du marché local, pour positionner efficacement les produits d'Ispire dans ces nouveaux marchés.
Ispire Technology Inc. (NASDAQ: ISPR) hat eine fünfjährige Master-Distributionsvereinbarung mit der in Dubai ansässigen Firma ANDS getroffen, um ihre globale Reichweite zu erweitern. Diese Partnerschaft wird das Hidden Hills Club Nikotinportfolio von Ispire in die Region Naher Osten, Nordafrika (MENA) und die globalen Duty-Free-Märkte bringen.
Die Zusammenarbeit umfasst über 20 MENA-Märkte und ermöglicht den Zugang zu mehr als 45 Flughäfen, Kreuzfahrtschiffen, Airlines und diplomatischen Einrichtungen durch die Partnerschaften von ANDS mit großen Duty-Free-Betreibern. Dieser strategische Schritt zielt darauf ab, der wachsenden Nachfrage nach risikomindernden Alternativen zu brennbaren Zigaretten in einer der am schnellsten wachsenden Regionen der Welt für alternative Nikotinprodukte gerecht zu werden.
Die Partnerschaft nutzt die Expertise von ANDS in den Bereichen Regulierung, Recht, Compliance, Markenbildung, Verkauf und Distribution sowie lokale Marktkenntnisse, um die Produkte von Ispire in diesen neuen Märkten effektiv zu positionieren.
- Five-year master distributor agreement with ANDS expands Ispire's global reach
- Access to 20+ MENA markets and Global Duty-Free locations
- Partnership provides entry to more than 45 airports, cruise ships, airlines, and diplomatic facilities
- Tapping into one of the fastest-growing markets for alternative nicotine products
- Leveraging ANDS' expertise in regulatory compliance, brand building, and distribution
- None.
Under the agreement, Ispire and ANDS will commercialize the Hidden Hills Club brand across 20+ MENA markets, leveraging ANDS' extensive partnerships with major duty-free operators, providing access to more than 45 airports, cruise ships, airlines and diplomatic facilities.
"This collaboration is a pivotal moment for Ispire as we continue to expand our global footprint at a time when consumers are looking for harm-reduced products to transition away from combustible cigarettes," said Michael Wang, Co-Chief Executive Officer of Ispire Technology. "By partnering with ANDS, we gain access to one of the fastest-growing regions in the world, where smoking rates remain high, but there is a significant demand for harm-reduced products. With ANDS' robust regulatory, legal, compliance, brand building, sales and distribution expertise as well as local market insights, we are well-positioned to bring the Hidden Hills Club nicotine portfolio to new markets, offering consumers innovative, harm-reduction alternatives to combustible cigarettes."
"We are thrilled to collaborate with Ispire to bring the Hidden Hills Club nicotine products and their marketing power to the MENA region and Global Duty-Free markets," said ANDS Co-Founder and CEO Fadi Maayta. "With Ispire's cutting-edge products and our extensive reach and expertise, we are confident that this partnership will provide consumers with innovative nicotine delivery solutions that will bring potentially reduced risk products to adult smokers. Together, we aim to meet the evolving needs of consumers in the region while ensuring compliance with local laws and regulations."
The MENA region is one of the fastest-growing markets for alternative nicotine products, where harm reduction is becoming increasingly important. Through this partnership, Ispire and ANDS will offer a comprehensive range of products, including vape devices and nicotine pouches, tailored to meet local demand and preferences.
About ANDS
ANDS is an institution dedicated to the goal of switching adult smokers to potentially reduced-risk products. Utilizing decades of combined experience in Tobacco, Electronic Nicotine Delivery Solutions, Heated Tobacco products, and FMCG, affirming that adult smokers are entitled to better alternatives than continuing to smoke conventional cigarettes.
About Ispire Technology Inc.
Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company's operating subsidiaries own or license more than 200 patents worldwide. Ispire's branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act") as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "would," "could," "seek," "intend," "plan," "goal," "project," "estimate," "anticipate," "strategy," "future," "likely" or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company's strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company's ability to collect its accounts receivable in a timely manner, the Company's business strategies, the ability of the Company to market to the Ispire ONE™, Ispire ONE's success if meeting its goals, the ability of its customers to derive the anticipated benefits of the Ispire ONE™ and the success of their products on the markets; the Ispire ONE™ proving to be safe, and the risk and uncertainties described in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Cautionary Note on Forward-Looking Statements" and the additional risk described in Ispire's Annual Report on Form 10-K for the year ended June 30, 2023 and any subsequent filings which Ispire makes with the
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SOURCE Ispire Technology Inc.
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