Highlights: • Advancer Global Limited (SGX: 43Q.SI) under this agreement has been appointed the exclusive distributor of the Company’s antimicrobial product range of films and sprays for Singapore. • Advancer Global Limited have placed an initial order of USD$120,000 (~AUD$170,000). • Advancer Global Limited is a listed Singapore MNC and a leader of integrated solutions provider that specialises in providing workforce solutions and facilities management services with over 1,200 employees in Singapore. • The agreement is for a term of one year, renewable subject to a minimum of USD364,000 (~AUD520,000) being purchased from Nanoveu during the first 12 months following which the Parties will agree a further minimum purchase commitment for Advancer to retain exclusivity for Singapore. • Advancer Global Limited to market all products under their own brand(s) via their subsidiaries and existing distribution channels providing a platform to consume and scale Nanoveu’s range of antimicrobial products
Sounds decent and looks like Advancer Global has a decent customer base given the 1200 employees
NVU Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
