Key Highlights

  • Dotz has entered a confidential Letter of Intent with Eneriqs AI Ltd covering a technology licence and an option to acquire Eneriqs assets
  • Dotz Energy signed its first commercial customer agreement, a 12-month ChillerAI pilot with Limassol Shopping Centre
  • A reseller and revenue-share agreement was signed with Bridgeford Group, targeting approximately 25 building customer contracts within 12 months
  • The Bridgeford Agreement targets indicative total joint customer annual recurring Revenue of approximately A$750,000

Shares in Dotz Nano Limited (ASX:DTZ) surged 68.75% to $0.027 on 3 September 2026, up 1.1 cents, as at 1:37pm AEST. The rally follows the company's same-day announcement detailing three milestones in the build-out of its Dotz Energy platform, including a technology agreement, a first commercial customer and a new distribution partnership.

Eneriqs AI Technology Agreement

Dotz has entered into a confidential Letter of Intent with Eneriqs AI Ltd, a technology group, covering a proposed licence of Eneriqs technology and an option for Dotz to acquire Eneriqs assets. The company stated the LOI contains certain immediately binding provisions, although implementation of any licence, Acquisition option or related transaction remains conditional on execution of definitive agreements and receipt of all required corporate, ASX, shareholder, regulatory and third-party approvals.

Dotz intends to build and further develop its ChillerAI offering using the Eneriqs technology, subject to completion of those arrangements. The Board considers the opportunity applicable broadly across industrial and commercial buildings that operate a chiller, including hotels, shopping centres, offices, industrial facilities and data centres, and intends to explore its application across these building types over time.

First Commercial Customer

Dotz Energy has signed its first commercial customer agreement, a pilot deployment of ChillerAI at Limassol Shopping Centre. This agreement is between Dotz and the customer directly and is separate from the Bridgeford Agreement described below. The pilot runs for an initial term of 12 months, following which the parties intend to enter into a 5-year agreement.

Bridgeford Distribution Agreement

Under the Bridgeford Agreement, Bridgeford Group becomes a reseller and distribution partner for Dotz ChillerAI, the company's AI-driven chiller optimisation solution for thermally intensive commercial buildings. The agreement establishes binding reseller, delivery and revenue-sharing rights and obligations between the parties, with a commercial objective of securing approximately 25 building customer contracts during the first 12 months.

Each customer under the Bridgeford Agreement is expected to realise estimated annual energy savings of approximately A$40,000, of which Dotz and Bridgeford together are entitled to a shared-savings fee of approximately 75%, or approximately A$30,000 per customer, for indicative total joint customer annual Recurring Revenue of approximately A$750,000. ChillerAI's pricing basis assumes energy savings of approximately 20% of a building's annual chiller-related electricity expenditure, which for a large commercial building is typically expected to exceed A$200,000 per year.

The company noted that the approximately A$750,000 total joint customer ARR target and its underlying assumptions are prospective, indicative and non-binding statements, not contracted revenue, financial guidance or a minimum commitment, and that actual outcomes may differ materially. Key risks cited include delays in securing customer contracts, longer sales and installation cycles, lower realised energy savings, technology and integration risk, customer disputes or non-payment, higher costs, and reliance on Bridgeford and Eneriqs as counterparties.

Management Commentary

Dotz Nano CEO Nati Harpaz said the Eneriqs technology adds a layer to the company's decarbonisation and energy-savings stack, and that the Limassol pilot is already showing customers the value of ChillerAI, with Bridgeford providing commercial reach to bring the platform to market at scale. Bridgeford Group CEO Nick Tassi said the Partnership gives asset owners a practical way to reduce energy costs and progress decarbonisation without the Capital outlay that has historically constrained such projects, citing Demand across Bridgeford's existing relationships with building owners and operators.

Conclusion

Dotz Nano's announcement combines three distinct developments for its Dotz Energy platform: a technology agreement with Eneriqs AI that remains subject to definitive documentation and approvals, a first direct commercial pilot customer in Limassol Shopping Centre, and a distribution partnership with Bridgeford Group carrying an indicative annual recurring revenue target. The company has been explicit that the Bridgeford Agreement's approximately A$750,000 ARR target and underlying contract assumptions are prospective and non-binding, with actual outcomes subject to a number of identified risks including sales cycle delays and realised savings falling short of estimates. The extent to which these three initiatives translate into recurring commercial revenue will become clearer as the Eneriqs transaction progresses toward definitive agreements and as the Bridgeford-led customer acquisition program gets underway.