iPower Announces Strategic Partnership with LTMATE Global
13 Juillet 2023 - 2:30PM
iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and
data-driven online retailer and supplier of consumer home and
garden products, as well as a provider of value-added ecommerce
services, today announced a strategic partnership with LTMATE
Global Inc. (“LTMATE”), a premier online retailer and distributor
of home furnishings and décor in multiple countries around the
globe.
LTMATE was founded in 2018 with the goal of providing consumers
a best-in-class combination of service, selection and value. As one
of the largest lighting retailers for Amazon, Wayfair and
Overstock, LTMATE offers premium quality brands alongside thousands
of exclusive and patented designs in lighting, home furnishings and
décor. Under the terms of the agreement, iPower will leverage its
expertise in both ecommerce and social commerce services by
utilizing its merchandising and logistics capabilities, as well as
its Amazon 1P and 3P vendor partnerships. iPower will also provide
access to other full spectrum ecommerce sales channels such as
TikTok shopping to bring LTMATE products to market in the US.
“Our strategic partnership with LTMATE represents one of the
first wins for our emerging ecommerce services business,” said
Lawrence Tan, CEO of iPower. “Our primary goal is to assist
companies with increasing their sales presence in the US by
leveraging our merchandising, social commerce and ecommerce
expertise, as well as our channel partnerships with Amazon and
TikTok. LTMATE offers high-quality products at an affordable price,
which aligns with iPower’s positioning in the marketplace. We look
forward to ramping up our ecommerce services as we scale this
emerging segment of our business.”
LTMATE CEO, Jacky Zhao, added, “We are excited to partner with
iPower to accelerate growth in the US. As we evaluated other
ecommerce service providers, we were most impressed with iPower’s
merchandising capability and 1P vendor partnership with Amazon,
which we believe is a natural sales channel for our portfolio of
home furnishings and décor. Although it is early in our partnership
with iPower, we have already identified opportunities to further
collaborate with their team as our sales volume grows in the
US.”
About iPower Inc.
iPower Inc. is a tech and data-driven online retailer and
supplier of consumer home and garden products, as well as a
provider of value-added ecommerce services for third-party products
and brands. iPower offers thousands of stock keeping units from its
in-house brands as well as hundreds of other brands through its
ecommerce channel partners and its websites, www.zenhydro.com and
www.simpledeluxe.com. iPower has a diverse customer base that
includes both commercial businesses and individuals. For more
information, please visit iPower's website at
www.meetipower.com.
About LTMATE Global LLC
LTMATE was founded in 2018 to give consumers a winning
combination of service, selection and value. As one of the largest
lighting retailers for Amazon, Wayfair and Overstock, LTMATE
carries all the top brands, alongside thousands of exclusive and
patented designs in lighting, home furnishings and décor. LTMATE is
your online destination for home furnishings and décor, offering
hundreds of products across furnishings, décor, home improvement,
sports and outdoor, and more.
Investor Relations Contact
Sean Mansouri, CFAElevate IR(720)
330-2829IPW@elevate-ir.com
iPower (NASDAQ:IPW)
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