WOOLIES DEAL BOOSTS SANITISER MAKER ZOONO
Shares in Zoono, maker of a hand sanitiser that uses molecular technology first developed for shipping in 1930, have jumped after the company secured a distribution deal with supermarket giant Woolworths.
Woolworths’ 900 plus supermarkets across Australia will stock Zoono’s hand sanitisers from August in the antimicrobial products company’s first major Australian retail distribution deal.
Shares in the ASX-listed, New Zealand founded company were up 1.5 cents, an 8.3 per cent gain, at 19.5 cents by 1252 AEST.
Zoono says its products, branded Stayzon, use a molecule first developed by German scientists in 1930 to stop algae from building up on the hulls of submarines and ships.
It says the molecule also effectively kills bacteria, viruses, fungi and mould.
“Independent third party testing shows it is still killing bacteria at 99.24 per cent even after 24 hours,” Zoono said in a statement on Wednesday.
The company said the molecule destroys germs through a mechanical process rather than poisoning or dehydrating them, which makes it safe for children and pets, and environmentally friendly.
Zoono, which has headquarters in Auckland and Sydney, already sells its products at 8,000 retail outlets in the USA and South Korea, including through Amazon in the US.
The company joined the ASX in May with a backdoor listing via metals explorer Goldsearch, which made a deal to acquire Zoono in 2016.