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Nanoveu (ASX:NVU) launches disinfection robot that kills viruses and bacteria

ASX News, Health Care
ASX:NVU      MCAP $10.09M
16 March 2022 13:53 (AEDT)

Source: Nanoveu

Nanoveu (NVU) has launched the ‘Nanoshield Bot’, reportedly the world’s first disinfection bot which kills viruses and bacteria, including COVID-19, using their new e-water formulation that is alcohol-free and Halal-certified.

The e-water formulation, a pH neutral sanitation water containing Complex Oxygen Compounds, is effective in eliminating COVID-19, inactivating 99.93 per cent of the virus within 30 minutes as tested by Shokukanken.

The Nanoshield Bot will be marketed and sold under the Nanoshield brand as a Robot as a Service (RaaS) which Nanoveu will provide a complete solution including the supply of the robot, maintenance, software management, the e-water disinfectant solution and more.

Under the RaaS model, Nanoveu intends to lease robots to its hotel clients under a monthly service charge for a 12-24 month contract. The robots are currently supplied to Nanoveu under a third-party manufacturing contract.

The company believes that the RaaS business model is the best way to deploy the robots as it will reduce capital expenditure for clients as with the RaaS offering, cost savings will be more as it is cheaper than full-time staffing to perform the same tasks as the robot.

Nanoveu Founder and CEO Alfred Chong believes the RaaS model will “appeal to a broader customer market” because of its increased efficiency and reduced upfront capital expenditure.

The robots were initially rolled out at several hotels in Singapore as a trial. The trial generated highly positive feedback which resulted in a backlog of hotels awaiting their turn.

Nanoveu has confirmed that there are plans to expand into other jurisdictions as the company’s current focus is deploying the robots to the Singaporean market to include malls, Changi International Airport and hospitals.

NVU shares rose 16.7 per cent in light of this announcement, trading at 3.5 cents per share at 1:45 pm AEDT.

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