Zoono Signs Significant Exclusive Agency Agreement with OSY Group

Zoono Signs Significant Exclusive Agency Agreement with OSY Group

1. Zoono Group Limited has entered into an Exclusive Agency Agreement with OSY Group Limited to promote Zoono products in the food supply chain sector.
   
   

2. OSY Group, based in Manchester, England, specializes in sustainable hygiene technology and has been recognized with an Innovate UK Award.
   
   

3. OSY has successfully increased the shelf-life of soft fruits by up to 40% using Zoono products, significantly reducing food waste.
   
   

4. Annually, 1.3 billion tonnes of food are lost globally, costing the economy US$1 trillion and contributing to 6-8% of global greenhouse gas emissions.
   
   

5. The agreement grants OSY exclusivity in the food supply chain sector across the UK, EU, and Rest of World, excluding China and India, with a right of first refusal for these countries.
   
   

6. The agreement includes a 5-year term with renewal options, a 25% commission on net sales for OSY, and escalating minimum annual purchase requirements.
   
   

7. Zoono will issue shares to OSY as part of the agreement incentives, including 1,000,000 shares after the first NZ$1.25m customer payment and an annual 10% incentive in net customer sales.
   
   

8. The agreement can be terminated by Zoono under certain conditions, such as changes in OSY's ownership or failure to meet minimum purchase requirements.
   
   

9. Zoono and OSY aim to target niche markets, including food producers and supermarkets, to create significant cost savings.
   
   

10. OSY Group is recognized for its commitment to innovation and sustainability in the hygiene technology sector.
    
    

11. Zoono Group Limited is a global biotech company offering a range of antimicrobial solutions that are scientifically validated, long-lasting, and environmentally friendly.

This announcement is a summary of the company approved ASX announcement on 06/3/2024.