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RANCHO CUCAMONGA, Calif. - iPower Inc. (NASDAQ:IPW), a technology retailer with $74.11 million in trailing twelve-month revenue, announced Tuesday a partnership with TCL Smart Home Technology to sell designated TCL consumer electronics products through iPower’s authorized retail channels.
The collaboration aims to integrate TCL’s product line into iPower’s e-commerce platform, leveraging iPower’s fulfillment network and marketing capabilities while expanding product selection for customers.
"Combining TCL’s product innovation with iPower’s leading merchandising, fulfillment and data-driven marketing will enable us to scale quickly, elevate customer experience, and drive category growth," said Lawrence Tan, CEO of iPower.
Under the agreement, iPower will merchandise TCL products in smart consumer technology categories based on demand and seasonality. The company plans to implement a phased rollout across popular subcategories, with enhanced content and comparison guides to improve product discovery.
iPower intends to utilize its nationwide fulfillment infrastructure to provide faster delivery and standardized post-purchase support for TCL products. The company emphasized that selling through authorized channels will help reinforce product authenticity in the electronics marketplace.
The partnership represents part of iPower’s broader strategy to expand its e-commerce offerings beyond its current product lines. The company operates as a technology and data-driven online retailer that also provides e-commerce services for third-party products and brands.
The announcement was made in a company press release statement. Financial terms of the partnership were not disclosed.
In other recent news, iPower Inc. announced the early arrival of its new packaging production line at its domestic facility, which is part of a joint venture aimed at establishing U.S.-based manufacturing capabilities. The company also terminated a variable interest entity agreement in China, streamlining its operations by ending its subsidiary’s control over Daheshou. Additionally, iPower unveiled a digital asset strategy, planning to expand into blockchain technology across various business segments, including treasury and consumer products, with a focus on generating yield through institutional lending structures. The company received an extension from Nasdaq, granting an additional 180 days to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Furthermore, iPower’s shareholders approved board elections and authorized a reverse stock split during the company’s annual meeting, where 82.87% of eligible votes were represented.
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