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clock Created with Sketch. 30/04/16
14:34
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Originally posted by sus
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I have gained a lot of faith in this stock short and long and very long term as of the announcement with these key points: 1. OBJ to become a key supplier of technology aimed at enhancing P&G’s fast moving consumer goods (FMCG) products. 2. The terms of the new PDA have now been agreed to by both parties after discussions in Cincinnati and will be executed in the near future. 3. Strong consumer acceptance has now matured into a Licensing Term Sheet awaiting execution by P&G covering the broader licensing of the Eye Wand with SK-II, in addition to another market leading P&G brand 4. The Eye Wand requires no further development and is now an official production item for P&G. 5. The Wave II applicator has been fast tracked by SK-II based on the success of the Eye Wand. 6. A further Work Plan is being negotiated covering the development and licensing of the new Wave III applicator that will provide an additional set of benefits to SK-II’s customers. This product has already successfully passed P&G internal clinical evaluation and is being designed and developed by OBJ on behalf of SK-II and is an exciting complementary product to the other licensing arrangements. 7. The PDA renewal means that every product within the P&G range can now be offered OBJ’s technology. With its renewal, OBJ expects to achieve further multiple licensing income streams following the rollout program of each of these initial products. 8. It is expected that feedback from our targeted partnering companies over the next quarter will more clearly define the three or four market sectors most suited for the Bodyguard technologies. Discussions and presentations have now taken place with P&G (who has been evaluating the UQ data), Reckitt Benckiser and Pfizer, with further communications planned with GSK, Beiersdorf and other potential partners who have expressed strong interest in the Bodyguard technology platform. 9. Preliminary discussions have taken place with Reckitt Benckiser and P&G’s surface hygiene executives who have expressed a strong desire to become actively involved in the program and OBJ is presently preparing the business case for the full testing program and overall development.
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