Monitor Nocera's 8-K filing for the full agreement text and any subsequent announcements regarding iFP supplier registration completion or actual purchase contracts. Without minimum commitments or completed registration, the agreement has no immediate revenue impact.
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Executive Summary
Nocera announced a non-exclusive joint distribution agreement with E-PRO to distribute pre-owned iPhone 17 Pro/Pro Max handsets under iFP's buy-back/trade-in program. The agreement is a framework with no minimum commitments, no guaranteed revenue, and Nocera's supplier registration with iFP remains incomplete. The $520.5 million allocation figure is E-PRO's, not Nocera's, and actual volumes depend on separate purchase contracts that either party may decline.
Key Facts
- Nocera entered into a non-exclusive joint distribution agreement with E-PRO DISPLAY CO., LTD., executed September 17, 2026.
- The agreement covers pre-owned iPhone 17 Pro and iPhone 17 Pro Max handsets under iFP's buy-back/trade-in program.
- iFP allocated approximately 600,000 handsets to E-PRO with an aggregate awarded value of approximately $520.5 million; this is E-PRO's allocation, not Nocera's.
- The agreement imposes no minimum quantity, minimum amount, or minimum term commitment on either party.
- Nocera's registration as a supplier of iFP is in progress and has not been completed.
- Each purchase requires a separate written sale and purchase contract; either party may decline any tranche.
- Initial term of the agreement is twelve months, governed by New York law.
Financial Impact
No revenue, margin, or profitability guaranteed; $520.5 million allocation is E-PRO's, not Nocera's; actual volumes uncertain.
Risk Factors
- Supplier registration with iFP may not be completed, preventing any transactions.
- No minimum purchase commitments; actual volumes could be zero.
- Allocated values and quantities are E-PRO's and may not materialize for Nocera.
- Pre-owned device condition, lock status, and market demand are uncertain.
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3367681 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | 10-Q/A | $1.64 $1.78 | ▼ −8.54% | ▼ −8.11% | $1.48 (+9.76%) |
Sep 23, 2026 4w ago | Press Release | $1.84 $1.80 | ▼ −2.17% | ▼ −1.50% | $1.48 (−19.57%) |
Sep 23, 2026 4w ago | 8-K | $1.84 $1.80 | ▼ −2.17% | ▼ −1.50% | $1.48 (−19.57%) |
Aug 28, 2026 8w ago | 10-K/A / 10-Q/A | $2.83 $1.75 | ▲ +38.16% | ▲ +38.02% | $1.48 (+47.70%) |
Aug 28, 2026 8w ago | 10-Q/A | $2.83 $1.75 | ▲ +38.16% | ▲ +38.02% | $1.48 (+47.70%) |
Aug 19, 2026 9w ago | 8-K | $1.97 $1.75 | ▲ +11.17% | ▲ +12.28% | $1.48 (+24.87%) |
Aug 17, 2026 10w ago | 8-K | $2.10 $1.74 | ▲ +17.14% | ▲ +16.94% | $1.48 (+29.52%) |
Aug 13, 2026 10w ago | 8-K | $2.31 $1.91 | ▼ −17.32% | ▼ −15.95% | $1.48 (−35.93%) |
Jul 8, 2026 15w ago | 8-K | $1.64 $1.44 | ▼ −12.20% | ▼ −12.06% | $1.48 (−9.76%) |
Jun 16, 2026 19w ago | Press Release | $0.1200 $0.0920 | ▼ −23.33% | ▼ −21.06% | $1.48 (+1133.33%) |
US Market Status
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