Petroleum trading and oil bunkering player, ACE Market-listed Fast Energy has announced a significant expansion into the consumer electronics sector. Fast Energy’s newly-established wholly-owned subsidiary, Fast Technology, has entered into an Exclusive Distributorship Agreement with Great Work Corporation Limited (Great Work) for the sole distribution and sale of FreeYond products in East and West Malaysia.
ShenZhen FreeYond Technology Co. Ltd (SFT), a China-based company, is the innovative developer and manufacturer of FreeYond product line of consumer electronics such as smartphones, smart wearables, and artificial intelligence of things (AIoT) products. Great Work has been appointed by SFT as the exclusive regional distributor of FreeYond products for Malaysia, Singapore, Thailand, and Indonesia, expanding the brand’s presence across these key markets.
Under the terms of Agreement, Fast Technology has been granted sole and exclusive rights to distribute and sell a range of FreeYond products in East and West Malaysia for an initial period of five years, starting latest by 1 April 2023. These include the F9 and M5 smartphones, the Pods 1 Bluetooth headsets, and the Smartwatch F1 and S1.
Tan Wye Chuan, Executive Director of Fast Energy said, “Our foray into this high-growth sector enables us to capitalize on the increasing demand and usage of electronics in Malaysia. With the rising adoption of smartphones, wearables, and other innovative technologies, we see tremendous potential for growth and expansion in this market. We are excited to bring FreeYond’s products to the region and are committed to delivering exceptional value and services to customers.”
In addition, the Agreement grants Fast Technology the first right from Great Work to be appointed as the distributor of the Products in Indonesia, Thailand, and Singapore. This opportunity will extend Fast Technology’s distributorship reach, enabling the company to penetrate the Southeast Asian market further.
SFT is a cutting-edge technology company, recognized as one of the “50 Most Innovative Companies of the 21st Century (Nationwide).” Driven by a commitment to redefine consumer electronics with Technology 4.0, SFT has successfully expanded its market presence across South America, Africa, the Middle East and Southeast Asia. The company’s products are available through online channels such as AliExpress, Mercado Libre, Jumia, Amazon, and Shopee. With 31 global distributors appointed to date, SFT has solidified its position as a major player in the international consumer electronics market.
FreeYond is poised to make a significant impact on the global stage with its first global brand launch event scheduled for March 21, 2023. The launch will take place at the prestigious St. Regis Kuala Lumpur, Malaysia. This milestone event highlights the company’s ambitious vision and commitment to expanding its presence across international markets while showcasing the latest innovations and cutting-edge products under the FreeYond brand.
