Zoono Group Limited (ASX: $ZNO) Exclusive Agency Agreement Announcement

Zoono Group Limited (ASX: $ZNO) has signed an Exclusive Agency Agreement with OSY Group Limited to promote the sale of Zoono products for the food supply chain sector. The agreement aims to extend food shelf-life and reduce global food waste, with OSY granted exclusivity in the food supply chain sector for this purpose. The agreement spans an initial 5-year term with the right of renewal for a further 5 years and includes key terms such as commission rates and minimum annual customer purchases.

Executive Commentary on Exclusive Agency Agreement

Zoono is excited to partner with OSY Group to address the critical issue of global food waste. Our products have shown a significant increase in the shelf-life of soft fruits, which can have a substantial impact on reducing food waste. This agreement aligns with our commitment to providing sustainable and innovative solutions for the food supply chain sector, and we look forward to working closely with OSY to bring these benefits to our customers.

Summary of Zoono's Exclusive Agency Agreement with OSY Group

Zoono Group Limited (ASX: $ZNO) has entered into an Exclusive Agency Agreement with OSY Group Limited to promote the sale of Zoono products for the food supply chain sector. The agreement aims to extend food shelf-life and reduce global food waste, with OSY granted exclusivity in the food supply chain sector for this purpose. Key terms of the agreement include an initial 5-year term with the right of renewal, commission rates, and minimum annual customer purchases. Zoono and OSY are working together to secure the first customer for the Zoono product and application technology, with initial expectations for product sales of circa NZ$1.25m in the current financial year. The company is focused on niche markets where it can create significant cost savings opportunities for its customers, especially in the food producers, supermarkets, and grocers segment.