Zoono Group's Quarterly Report and Company Update

Zoono Group Limited (ASX:ZNO) has reported a significant increase in cash receipts for the quarter, reaching NZ$601K. The company also achieved a substantial reduction in net cash operating costs, down to NZ$1.1M from the previous quarter. Zoono's collaboration with OSY Group Ltd has led to 21 trials of their shelf-life extension products and technologies in twelve countries across four continents, involving various customers such as supermarket chains, food producers, packaging companies, and exporters. The company is confident in its working capital to fund its existing business development plans and return to profitability.

Executive Commentary on Quarterly Activities

The level of interest in Zoono's shelf-life extension technology across different geographies and product categories is extremely positive. This validates our belief in our products as a solution to reduce food waste. We are also making progress in our target Asian markets of China, India, and Japan, with significant orders placed by companies in Japan and Australia. With the lower operating overheads, improved sales revenues, and potential sales of our shelf-life extension products, we are confident in our working capital to fund our existing business development plans and return to profitability.

Summary of Quarterly Report and Outlook

Zoono Group Limited (ASX:ZNO) has made significant progress in its shelf-life extension trials globally, with strong interest from various companies in different continents. The company's confidence in its working capital to fund its business development plans and return to profitability reflects a positive outlook. Zoono's focus on commercial opportunities in niche markets and the ongoing trials and orders in Asian markets demonstrate the company's commitment to growth and innovation. The potential future longer-term revenue streams from the shelf-life extension products indicate a promising outlook for Zoono's corporate strategy.