Proof of Usefulness Report

AoFrio Ltd.

Analysis completed on 2/11/2026

+706
Proof of Usefulness Score
Category Standard

AoFrio (formerly Wellington Drive Technologies) is a legitimate, publicly listed New Zealand company (NZX: AOF) with significant scale (~$80M NZD revenue, 3M+ connected IoT devices). While the submission itself was of poor quality (inaccurate market cap label, vague 'everyone' audience claims), external verification confirms it is a mature hardware-enabled SaaS player in the commercial refrigeration space. The project demonstrates high real-world utility through energy efficiency and established relationships with major global brands (e.g., Coca-Cola bottlers). The score reflects its substantial operational footprint and verified revenue, balanced against the low effort of the submission and recent stock market underperformance.

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Score Breakdown

Real World Utility+212.50
Audience Reach Impact+150.00
Technical Innovation+105.00
Evidence Of Traction+225.00
Market Timing Relevance+70.00
Functional Completeness+5.00
Subtotal+767.5
Usefulness Multiplierx0.92
Final Score+706

Project Details

Project URL
Description
A hardware-enabled SaaS company - IoT commercial refrigeration solutions We are one of the world’s leading suppliers of advanced electronic IoT solutions for the commercial refrigeration industry. We are a commercial refrigeration specialist and one of the world’s leading suppliers of, refrigeration control solutions, cloud-based IoT cooler fleet management platforms, energy-efficient electric motors, and digital solutions. We help refrigeration OEMs and food, beverage and retail brands across the globe to reduce their costs, increase sales, and become more sustainable. Our offering includes cloud-based connectivity and equipment fleet management solutions, proximity based marketing technology, high efficiency motors and fans, as well as electronic temperature controls. Our products are designed in New Zealand, manufactured in Asia, and sold across the globe. As we develop into a hardware-enabled SaaS company, we see a future where tens of millions of AoFrio connections drive powerful, purposeful outcomes for customers. We will make this happen by scaling new heights for commercial refrigeration through sustainable transformative technologies. We are driven by an immense hunger to unearth powerful customer outcomes and insights through constant technology innovation. Our future is now firmly focused on meeting the needs of our global customers, shareholders and team to deliver sustainable transformative technologies and a connected advantage. AoFrio is listed on the New Zealand stock exchange under the ticker symbol NZE: AOF Welcome to our world of cold - AoFrio! https://aofrio.com/

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline