Dotz Nano Signs Five-Year ChillerAI Agreement with Africa Israel Hotels Covering Six VERT Properties

Manish Choudhary

06 November 2026 11:23 AM AEDT

Dotz Nano Signs Five-Year ChillerAI Agreement with Africa Israel Hotels Covering Six VERT Properties

Image Source: Krish Capital Pty Ltd

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Dotz Nano Limited (ASX:DTZ) has entered into a five-year services agreement with Africa Israel Hotels Ltd (AFI Hotels), operator of the VERT hotel brand, for the supply, installation and operation of its ChillerAI dynamic chiller-management system across six hotel properties in Israel, with indicative fees totalling approximately NIS 32,176 per month (approximately A$14,500) across the six sites.

Key Points

The agreement, dated 29 October 2026 and countersigned by AFI Hotels on 4 November 2026, covers six properties with approximately 3,705 tons of installed cooling capacity in total.
Revenue is performance-based, calculated at 40% of actual savings in each site's air-conditioning electricity consumption, with no installation fee payable.
The initial deployment site is VERT Jerusalem, with VERT Eilat, VERT Lagoon Netanya, Crowne Plaza Tel Aviv City Center, POLI Urban Tel Aviv and VERT Dead Sea listed in the agreement schedule.
Installation is to be completed within 60 business days of signing, with monthly fees commencing after an approximately 30-day baseline measurement period following installation.

Agreement Terms and Revenue Structure

The five-year agreement was signed by Dotz Nano Ltd, the company's wholly owned Israeli subsidiary, as supplier, with Africa Israel Hotels Ltd (Israeli company no. 520038977) as customer on behalf of the AFI Hotels group. The monthly fee per site is calculated on 40% of verified savings in air-conditioning electricity consumption. Savings and payments are reviewed and approved at quarterly meetings, with periodic true-up adjustments in favour of either party to reflect actual savings. AFI Hotels may exit the agreement every 12 months from the system start date on at least one month's written written notice, and either party may terminate for unremedied breach with 30 days' notice.

Six-Property Deployment Schedule and Commencement Conditions

The agreement schedule lists six AFI Hotels properties in Israel in agreed priority order: VERT Jerusalem (active), followed by VERT Eilat, VERT Lagoon Netanya, Crowne Plaza Tel Aviv City Center, POLI Urban Tel Aviv and VERT Dead Sea. Deployment beyond VERT Jerusalem remains subject to site readiness and implementation planning with AFI Hotels. Commencement is conditional on AFI Hotels approving Dotz's monitoring and control dashboard. The company disclosed that ChillerAI was previously installed at VERT Jerusalem and VERT Lagoon Netanya under a 2023 arrangement, and the VERT Jerusalem installation will be migrated to the Dotz Energy ChillerAI cloud platform before monthly fees commence.

CEO Statement and Disclosed Next Steps

Dotz Chief Executive Officer Nati Harpaz said the agreement puts ChillerAI back into operation at VERT Jerusalem under Dotz Energy and sets out a prioritised pathway across AFI's hotel portfolio, adding that the company is paid only from the savings it delivers, reviewed quarterly. The company stated that immediate priorities include obtaining AFI Hotels' approval of the monitoring dashboard, re-commissioning ChillerAI at VERT Jerusalem, and completing the baseline measurement period. Dotz and AFI Hotels intend to hold a joint kick-off meeting to review site conditions, agree required actions, and finalise a work plan including responsibilities and timelines for each property.

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