Creative Peripherals expands agreement with Honeywell to supply air purifiers; Stock soars 3.5%

Signed Agreement to supply range of Honeywell Air Purifiers.

June 08, 2021 12:25 IST | India Infoline News Service
Creative Peripherals and Distribution Limited, market specialists for experiential products in IT, Imaging, Lifestyle, and Security domains with a pan-India presence, has announced that it has expanded its portfolio of Honeywell products to include a range of air purifiers and related parts.

Creative Peripherals further expanded its agreement with Honeywell to supply a broad range of air purifiers and related components such as compound filters. The Company, through its subsidiary in Hong Kong, would supply these products to Honeywell.

The agreement deepens Company’s relationship with Honeywell and strengthens the Company’s position as the licensee of choice for such premium international brands.

Commenting on this development, Ketan Patel, Chairman & Managing Director of Creative Peripherals & Distribution Limited said, “I am happy to announce that our Company has expanded its association with Honeywell to include a range of air purifiers.

This product range includes various types of air purifiers as well as related components. We see a huge pick-up for such products especially from enterprises in urban regions where rising pollution levels are a serious health concern for the masses. These products join a large and growing portfolio of Honeywell products that we currently offer.

This development further solidifies our position as the licensee of choice for premium international brands such as Honeywell, to enter and proliferate in new markets. We are very proud to have earned such recognition and trust from this Fortune 100 company and expect this to encourage other global brands to partner with us for the licensing model of business.

Our journey so far with Honeywell has been very fruitful and we foresee a rewarding long-term association ahead. With our Hong Kong subsidiaries in place, we are fully equipped to scale up our international operations. I would like to thank all our employees and stakeholders for their continued hard work and support in our growth.”

At around 12:24 PM, Creative Peripherals was trading at Rs92.70 apiece higher by 3.58% on the NSE.

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