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Nanoveu granted trading halt with sales update announcement pending

Unless ASX decides otherwise, the securities will remain halted until the start of normal trading on Thursday, September 24, or when an announcement is released to the market.

Nanoveu Ltd - Nanoveu in trading halt in anticipation of upcoming sales update
Nanoveu recently signed new distribution agreements for its antiviral protection products

Nanoveu Ltd (ASX:NVU) has been granted a trading halt pending the company releasing an announcement about a sales update.

The trading halt will be in place until the announcement is released or the start of regular ASX trading on Thursday, September 24, 2020, whichever occurs sooner.

Distribution agreements

Nanoveu recently signed distribution agreements for its antiviral protection products for the Thai and Malaysian markets with Sanyo Trading Company Ltd.

Through these agreements, Sanyo will look to leverage its extensive contacts in the Asia-Pacific region to distribute several Nanoveu’s products to groups including hospitals, banks, schools and shopping malls.

Nanoveu will ship its business to business (B2B) rolls of antiviral film – to be applied to an increasing number of surfaces – in addition to its consumer-focused antiviral mobile phone cases and door handles.

The company’s antiviral technology has been independently demonstrated to be a highly effective agent for the eradication of viruses and has been proven to eliminate 99.99% of OC43, a viral strain affecting humans that is also a surrogate for COVID-19, in 30 minutes.

Quick facts: Nanoveu Ltd

Price: 0.055 AUD

Market: ASX
Market Cap: $7.58 m

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