from ZNO last annual report
"The Company entered into a distribution agreement with Zoono USA LLC (Zoono’s USA distribution
partner), and MicroSonic LLC to supply its innovative antimicrobial products exclusively to Turtle Wax
Inc. for the car wash and automotive industries. Minimum MicroSonic Zoono Z-71 purchase
commitments under the agreement are US$23m over a four-year period from calendar year 2020 to
calendar year 2023, and thereby increasing 10% per annum thereafter from US$12m in calendar year
2023. The agreement also gives MicroSonic rights to the cruise industry which includes those numbers
mentioned."
This is a big deal but doesn't seem to have progressed. Does anyone have insight?
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