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?
ZNO Price at posting:
$2.56 Sentiment: Hold Disclosure: Held
