Zimi secures $547,000 smart home deployment with leading Australian developer
Zimi Limited (ASX: ZMM) has secured a combined contract valued at $546,689 (inc GST) for the Zimi Homecorp Smart Apartment Project, comprising a $499,004 product order and $47,685 in commissioning services. The deployment will see Zimi smart switches installed as standard inclusions across 289 apartments at Cienna Varsity Ridge in Varsity Lakes, Gold Coast, with delivery scheduled throughout CY2026 as construction progresses.
Homecorp, founded in 2004 by CEO and Founder Ron Bakir, operates a multi-billion-dollar project portfolio spanning Queensland’s Capricorn Coast to South Australia and Victoria. The developer is owned by Prime Life Technologies, a Toyota and Panasonic company, positioning this partnership as a significant validation of Zimi’s product quality and market positioning within residential construction.
The order demonstrates Zimi’s ability to secure volume deployments through established property developers, validating the business-to-business channel as a scalable revenue pathway for the smart home technology provider.
What is smart home technology and why are developers adopting it?
Smart home technology refers to internet-connected devices that allow residents to control their homes through smartphones, smartwatches, and voice assistants. What was once considered expensive and complicated has evolved into simple, affordable solutions that are becoming standard in modern residential construction.
Tech giants Google, Apple, Amazon and Samsung have created consumer demand through widely adopted ecosystems including Amazon Alexa, Google Assistant, Apple Home and Samsung SmartThings. This mass-market adoption has shifted smart home technology from a premium luxury to an expected inclusion in new developments.
Zimi’s value proposition centres on simplicity: the company’s smart switches replace standard switches with no additional cabling or installation complexity for electricians. This approach removes the technical barriers that previously limited smart home adoption in volume residential projects.
Consumer demand created by major technology platforms is now flowing through to residential construction, positioning smart home suppliers like Zimi to benefit from a structural industry shift rather than a niche trend.
Contract details at a glance
| Component | Value | Recipient | Timeline |
|---|---|---|---|
| Product order | $499,004 (inc GST) | Via Trader (distributor) | CY2026 |
| Commissioning services | $47,685 (inc GST) | Direct from Homecorp | CY2026 |
| Total contract value | $546,689 (inc GST) | — | — |
| Units deployed | 289 apartments | Cienna Varsity Ridge | — |
Homecorp partnership signals smart homes becoming industry standard
Homecorp has operated for over 20 years delivering homes across Australia, with a geographic footprint extending from Queensland’s Capricorn Coast to South Australia and Victoria. The developer’s portfolio encompasses both house and land estates as well as mid-to-high-rise developments, representing a multi-billion-dollar project pipeline.
The company’s ownership by Prime Life Technologies, a Toyota and Panasonic company, underscores the institutional backing behind this deployment. The Cienna Varsity Ridge development sits within Varsity Lakes, described as one of Queensland’s fastest-growing lifestyle precincts, with residents gaining access to resort-style pool and spa facilities, a modern fitness centre, and a private rooftop BBQ oasis.
The inclusion of Zimi smart switches as standard across all 289 apartments marks a shift from smart technology being positioned as a premium upgrade to becoming baseline infrastructure in modern residential projects. This standardisation reflects broader industry recognition that connected home functionality is now an expected feature rather than an optional add-on.
Jordan Tentori, CEO, Zimi Limited
“This project with Homecorp is testament that smart homes are fast becoming commonplace in modern residential construction. Smart home technology is now mainstream, led by tech giants Google, Apple, Amazon and Samsung.”
Partnership with a developer backed by Toyota and Panasonic validates Zimi’s product quality and positions the company for potential repeat orders across Homecorp’s multi-billion-dollar project pipeline.
How the distribution model works
The product order flows through Trader under a pre-approved Distribution Agreement, whilst commissioning services are engaged directly with Homecorp. At the General Meeting held 28 April 2025, shareholders approved the sale of electrical products to GSM Electrical (Australia) Pty Ltd (‘Trader’), a related party of the company, of up to $6 million for the two years commencing 28 April 2025.
This structure provides Zimi with established wholesale channel access whilst maintaining direct service relationships for project-specific commissioning work:
- Product sales via Trader under approved $6 million Distribution Agreement
- Commissioning services engaged directly with Homecorp
- Enables scalable deployment without direct sales overhead
Growth outlook and smart city pipeline
Zimi has stated its intent to pursue further project developments and smart city initiatives as smart home technology becomes increasingly standard in residential construction. The company operates through multiple distribution channels including wholesale, commercial, retail and trade partnerships with Trader, Steel-Line, Beacon Lighting, Lighting Illusions and Zencontrol.
The company’s products are compatible with Matter, described as the new global standard to simplify smart home connectivity, potentially providing a technical advantage as the industry consolidates around unified connectivity protocols. Zimi references a multi-billion-dollar opportunity within the Australian market alone.
The company’s strategic positioning centres on four key elements:
- Compatibility with major ecosystems (Apple, Google, Amazon, Samsung)
- Matter-certified products supporting the emerging global connectivity standard
- Multi-channel distribution through wholesale, commercial, retail and trade partners
- Simple installation replacing standard switches with no additional wiring
The Homecorp contract provides a reference case for Zimi to pursue additional developer partnerships, potentially opening volume orders across residential and commercial projects. The company is reported to be positioned to capitalise on growing demand as smart home technology becomes baseline infrastructure in modern construction.
As Internet of Things (IoT) adoption in residential settings continues to expand, the company aims to deploy its devices in project developments and smart city initiatives, though the timeline and scale of such deployments remain subject to market conditions and partnership agreements.
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