Press Release on entering into Exclusive Distribution Agreement between Company and Suzhou Pioneer Material Handling Equipment & Technology Co. Ltd
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Josts Engineering Company Ltd has signed an exclusive distribution agreement with Suzhou Pioneer Material Handling Equipment & Technology Co. Ltd, known by the brand 'Zowell', effective April 1, 2025. Under the deal, Josts will be the sole distributor of Zowell's warehouse material handling equipment, spare parts, and services across India, using both direct sales and authorised dealers. Zowell is a China-based, ISO 9001-certified high-tech enterprise that makes forklifts, electric pallet trucks, stackers, reach trucks, AGVs, and related equipment used in aviation, e-commerce, cold chain, and other sectors. Products under regular (non-government) projects will be sold under co-branded trademarks 'Zowell+Josts' and 'Zowell+JECL', Josts' wholly-owned subsidiary.
This expands Josts' product portfolio into the fast-growing warehouse automation and material handling segment without the company having to build the technology itself, potentially adding a new revenue stream. For shareholders, it is a positive business development signal, though the actual impact on financials will depend on how quickly Zowell's products gain traction in India.