- Dotz Nano (DTZ) has seen its share price jump by more than 11 per cent today after signing its third PPE (personal protective equipment) agreement in three months
- The company has today announced it has entered a three-year commercial agreement with PPE manufacturer and distributor, TT Medical Group
- The agreement will see Dotz apply its anti-counterfeiting and tracing capabilities in multiple European and African countries
- TT Medical will pay an initial $348,000 for the first phase of orders for face masks with the order expected to be delivered in Q4
- It has also placed a $626,000 follow-up order, which is expected to be delivered in Q1, 2021
- Dotz has also signed a three-year distribution agreement with TT Medical UAE, which will see the UAE arm become the sole distributor of the “Secured by Dotz” units in the Middle Eastern markets
- Dotz’s shares are up 8.33 per cent and are currently trading for 19.5 cents each
Dotz Nano (DTZ) has seen its share price jump by more than 11 per cent today after signing its third PPE (personal protective equipment) agreement in three months.
The company has today announced it has entered a three-year commercial agreement with PPE manufacturer and distributor, TT Medical Group.
The agreement will see Dotz apply its anti-counterfeiting and tracing capabilities in Turkey, Cyprus, Italy, Ghana, Qatar, Saudi Arabia, Egypt, and the UAE.
“As a key supplier to the health and government sectors that serves 315 million people in eight countries, TT Medical is pleased to collaborate with Dotz,” TT Medical CEO Tarhan Telli said.
“We will continue to explore all opportunities to further develop our activities and investments with Dotz within our global partner network. We are particularly excited to further explore and test Dotz’s solution for verifying surface sanitation of public spaces,” he added.
TT Medical will pay an initial $348,000 for the first phase of orders for face masks in the health and government sectors, with the order expected to be delivered in Q4.
This will also include the “Secured by Dotz” units, which include trackable QR codes, inspect readers and ValiDotz security markers.
TT Medical has also placed a $626,000 follow-up order which is expected to be delivered in Q1, 2021.
“This third international agreement in three months means that health workers in over 11 countries now have access to the extra security and peace-of-mind that authenticated face masks provide as they carry out their essential work,” CEO Uzi Breier commented.
“With the increasing prevalence of fake, low -quality masks and PPE available in the market, Dotz’s authentication technology protects the reputation of PPE providers and assists in preventing the spread of COVID-19,” he added.
Dotz has also signed a three-year distribution agreement with TT Medical UAE which will see the UAE arm become the sole distributor of the “Secured by Dotz” units in the UAE, Egypt, Qatar, and Saudi Arabia.
However, this is only if annual sales targets are met.
“The COVID-19 pandemic has highlighted the genuine need for safe, functional face masks and other PPE globally,” TT Medical UAE CEO Khaled Al Khoori said.
“Our partnership with Dotz will enable us to improve the transparency of our supply chain and verify our products on-site and in real-time,” he added.
Dotz’s shares are up 8.33 per cent and are trading for 19.5 cents each at 1:01 pm AEST.