Zoono Group Limited (Company) (ASX: ZNO) is pleased to announce that it has entered into
an exclusive distribution agreement with Beijing Youmeng Technology and Development
Limited for the childcare and hotel sectors in China.
Following the Coronavirus outbreak, there has been unprecedented interest in Zoono’s
technology given its proven efficacy against viruses and bacteria and ability to prevent cross
The material terms of the new distribution agreement are:
1. An initial five (5) year term;
2. Exclusivity in all childcare and hotel markets in China;
3. Minimum purchase volumes of:
• NZD$1.5m in the first 18 months;
• NZD$2.3m in year two; and
• NZD$3.0m in year three,
and thereafter increasing by 10% per annum; and
4. Full payment is required for all product orders prior to shipping.
Zoono has received an initial payment of NZD$775,000 from Beijing Youmeng Technology and
Provided the company keeps kicking goals, I think the share price could go alot higher.
Soon after listing I visited their New Zealand offices and met management.
Until recently I had traded ZNO several times as I found the volitility comfronting.
Seeing the success they were having and the problems they are solving I took close to a six figure holding as a long term hold.
The ZNO IP could be used in all sorts of products.
Protecting their IP is my main issue.
Do your own research as I could be wrong.
05-May-2020: Company Update
The market liked it. ZNO +20.33% today.
AHX to dsitribute ZNO products into livestock sector locally. Also looking to extend into the US as AHX operates there too. Not volume or $ given so value of partnership is anyone's guess. AHX launched this extension to their website in feb this year. Seems they've been proactive on ASF risk locally since the most recent global outbreak started in Vietnam at the same time. Seems if anyone is going to be able to sell ZNO products into the livestock sector locally, its probably these guys.