- Dotz Nano (DTZ) has signed a $1.5 million agreement with Universal Exports to supply its ValiDotz security technology for face masks during COVID-19
- The Hong Kong-based company will purchase 100 million of the anti-counterfeiting ValiDotz products which will be applied to up to 100 million masks
- This will ensure customers can verify they are using a genuine face mask to avoid health and safety risks
- As part of the agreement, UEG will solely distribute Dotz’ technology for medical equipment in the South Africa and China markets
- Simultaneously, Dotz is working on a Disinfection Verification System which is used to make sure you don’t miss any spots when cleaning surfaces
- Dotz is up 13.6 per cent with shares trading for 6.7 cents each
Dotz Nano (DTZ) has signed an agreement with Universal Exports Group to supply its anti-counterfeiting and tracing capabilities to face masks in the fight against COVID-19.
The Hong Kong-based corporation will purchase 100 million of Dotz’ unique anti-counterfeiting, tracing and authenticating ValiDotz products. These security markets will then be applied to 30 million masks with a follow-up order of up to 70 million masks, depending on customer demand.
Dotz expects to receive $1.53 million in revenue from this agreement.
As part of the agreement, UEG will become Dotz’ exclusive distributor in the South Africa and China markets for two years for the following items: face masks, medical gowns, gloves, and other medical protective gear.
Dotz will grant UEG three million unquoted options at a price of A$0.048 on a pro-rata quarterly basis over the two-year term of the agreement, with a term of three years from the date of the agreement.
“I am excited to sign this significant commercial agreement not only due to its noticeable monetary size, but also as Dotz’s contribution to the fight against this COVID-19 pandemic,” Dotz CEO Uzi Breier said.
“With our anti-counterfeiting, tracing and authentication technology, customers can verify that they are using a genuine face mask and avoid risking medical personnel, patients and the general public,” Uzi added.
Dotz’ ValiDotz, BioDotz, Fluorensic and InSpec product solutions are used for applications such as anti-counterfeiting, brand and reputation protection, the oil and gas industry, liquids tagging, lubricants and DEF authentication, polymers tagging and bioimaging.
Additionally, Dotz is in the final stages of developing a COVID-19 Disinfection Verification System (DVS) where the disinfection fluid can be verified to ensure that there are no blind spots or neglected areas.
The DVS uses a Dotz detector to visualise the proper application of the disinfection liquids on the surface. The DVS can be used on any surface including in planes, trains, buses, hospitals and any buildings or offices.
Dotz is up 13.6 per cent with shares trading for 6.7 cents each at 1:14 pm AEST.