Nanoveu Ltd (ASX:NVU) has soared on securing Nestlé Professional, a leader in out-of-home branded hot and cold beverage and food solutions, as a customer for its Nanoshield screen protectors.
The Nanoshield™ protectors are customised to precisely fit the Nescafé touch screen and touchpad coffee machines, which are available around the world.
Specific Nanoshield products will also be available for 'We Proudly Serve Starbucks®' coffee in selected markets.
Investors responded strongly with shares up as much as 109% to 11 cents on volume of almost 109 million and have risen from 4.4 cents since the market close on March 8.
Better health, safety outcomes
With the COVID-19 pandemic, consumers are looking for more reassurance for safety and hygiene when they have a coffee on-the-go, at work or at a convenience store.
Nanoveu executive chairman and chief executive officer Alfred Chong said: “We are fortunate to be working with Nestlé, such a great global partner, who understands the importance of Nanoshield and its efficacy in protecting against viruses– particularly against the COVID-19 virus.”
“Together both organisations have a strong desire to develop solutions which enable better health and safety outcomes for consumers in the new environment in which we are all now living.”
Great solution
Nestlé Professional head of Research and Development Zenon Mandralis added: “The screen protections are a great solution because they can be easily used on current beverage machines and complement existing enhanced hygiene measures we already have in place for our coffee solutions.”
Excited to work with Nestlé Professional
While the company is excited to be working with Nestlé Professional, who have ordered US$50,000 of product to date, and the opportunity it may present to work with other divisions of Nestlé, there is no certainty as to the future quantity of Nanoshield that Nestlé may purchase.
The company does not have a fixed-term contract with Nestlé.
Study on anti-viral solutions to be published
Prior to selecting Nanoveu as a supplier, Nestlé Professional undertook its own evaluation of Nanoshield™ at the Nestlé Institute of Food Safety and Analytical Sciences in Lausanne, Switzerland, to scientifically validate different anti-viral solutions.
Nanoveu has been advised the study results will be published in a peer-reviewed journal and the company will provide an update once the study results are available.
Highly effective antiviral agent
Nanoveu’s antiviral technology has been independently demonstrated to be a highly effective agent for the eradication of viruses.
The technology has been proven to eliminate 99.99%1 of OC43, a viral strain affecting humans that is also a surrogate for COVID-19, in 30 minutes.
The antiviral protection has also been validated against other bacteria and viruses including e.Coli, Influenza A (subtype H3N2), and coronavirus MHV-A592.
Additionally, testing simulating 12 months outside weather conditions has found Nanoveu’s products retain their effectiveness against MS2 Bacteriophage, a single-strand RNA virus.