Pace Digitek Limited has informed the Exchange regarding a press release dated April 24, 2026, titled "Press release".
PACEDIGITK · price
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Pace Digitek Limited has entered into an Original Equipment Manufacturer (OEM) exclusivity agreement with NEC XON Systems Proprietary Limited, South Africa. Under this partnership, NEC XON will exclusively market, distribute, and deploy Pace Digitek's Battery Energy Storage Systems (BESS) and related energy solutions across five African countries: South Africa, Botswana, Mozambique, Namibia, and Mauritius. The partnership leverages NEC XON's established regional presence and execution capabilities, while Pace Digitek and its subsidiary Lineage Power Private Limited (LPPL) will continue focusing on product development, manufacturing, and supply. Africa is identified as a high-growth market for grid-scale energy storage, driven by renewable integration and power infrastructure demand. This marks Pace Digitek's first structured international expansion for its BESS product business.
The partnership provides a scalable, partner-led model for international growth without requiring Pace Digitek to build its own distribution network in Africa. It reinforces the company's positioning as a product-led energy solutions provider and supports BESS manufacturing capacity ramp-up. For shareholders, this represents a meaningful step toward revenue diversification into high-growth African markets through an established regional partner with NEC Corporation backing.