First private label order ready for shipment from Glostrup
In Q4 2021, Hove signed its first private label agreement with a global manufacturer of lubrication. As per the agreement, Hove will be filling the manufacturer’s lubrication products into Hove cartridges with the manufacturer’s own logo on the cartridge, box, and label. The agreement includes that all cartridges are created with a Hove Smart Lube QR code, such that they are ready to use with Hove’s new IoT system. This collaboration strengthens Hove’s position in the market and creates new channels for marketing of the company’s solutions. This first private label order is for more than DKK 500.000.
Lubrication manufacturers can now deliver their lubrication products in Hove’s specially designed cartridges, but under their own brand. With Hove Smart Lube QR codes on all cartridges the lubrication manufacturers can furthermore offer their customers a solution that is compatible with the Hove IoT system, allowing them to minimize lubrication related breakdowns and expensive downtime.