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Nanoveu (ASX:NVU) applies antiviral nanotechnology to smartphone screen protectors

Health Care, Technology
ASX:NVU      MCAP $7.577M
16 April 2020 10:30 (AEST)

Nanoveu (NVU) is set to incorporate its proprietary antiviral nanotechnology in its smartphone and tablet screen protectors and cases.

The company manufactures a range of products designed to enhance the use of handheld technologies, including its EyeFly3D and EyeFyx products.

Nanoveu’s latest offering was developed in-house by its research team using active copper-based nanoparticles dispersed throughout a translucent surface. 

The copper particles react with atmospheric oxygen to produce a redox reaction, which in turn activates oxygen molecules that are effective in killing micro organisms and smaller organic structures such as viruses.

Based on initial testing with a select group of planned products, the technology has a proven effectiveness against a range of viruses and bacteria, including influenza A and E. coli.

Nanoveu has now engaged independent laboratories in the U.S. and Singapore to conduct further testing, focussing on the human coronavirus OC43, which is the same genus as SARS-CoV-2.

The company is already making procurements for an initial production run of screens and cases, although this is dependent on regulatory approval.

As such, Nanoveu has appointed several consultants to assist in compliance with the Australian Therapeutic Goods Administration (TGA). The company plans to submit an application for approval as a Class I Medical Device.

Alfred Chong, Executive Chairman and CEO of Nanoveu, said that the advent of COVID-19 presented an opportunity for the company to advance its existing antimicrobial technologies.

“Mobile phones are both ubiquitous and rely upon touch to operate, making them prime candidates for the spread of disease,” Alfred said.

“Therefore, we anticipate that there will be strong interest in a technology which can protect phone users from viruses and bacteria in a way which is non-invasive and unobtrusive,” he added.

Pending further studies and regulatory approval, Nanoveu expects that its products will have a rapid commercialisation schedule, with first pre-orders planned for the second quarter of the 2020 calendar year.

Nanoveu has skyrocketed 100 per cent and shares are trading for six cents each at 10:30 am AEST.

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