- 9 December 2021 12:54
Dotz secures Thailand distribution partner for COVID-19 Test Kits
Locally listed Dotz Nano Limited (ASX:DTZ) an advanced technology company developing, manufacturing and commercialising marking, tracing and verification solutions, has secured its another distribution partner for its SARS-CoV-2 virus detection technology test kits, entering into a distribution agreement with World Siam Group (WSG) in Thailand.
WSG has more than two decades’ experience distributing leading medical and diagnostic brands in Thailand and has established relationships with more than 150 organisations across the country.
The distribution agreement is for an initial three-year term and grants WSG the right to promote, sell and distribute the nasopharyngeal swab and saliva-based Dotz Test Kits in Thailand with conditional exclusivity, subject to minimum first-year purchase orders of US$250,000.
Dotz CEO Gideon Shmuel said, “Our distribution partners enable us to cost-effectively access and service new markets and customers. Local expertise is particularly important in the diagnostic domain, where trust, relationships and reputation are critical. WSG is the ideal partner for us in Thailand, with extensive industry experience and long-established relationships across the public and private sector. Our latest agreement further builds our presence in Southeast Asia – a region where we see significant growth opportunities due to the genuine need for accurate, timely and cost-effective testing methods to support the tourism economy.”
While Dotz has obtained a CE Mark for both its nasopharyngeal swab and saliva-based Dotz Test Kits, which clears the product for sale in the European Union, Thailand has additional local regulatory requirements to sell the Dotz Test Kits to the private and public sector, including registration and validation by the relevant local authorities. WSG is currently seeking to obtain the relevant additional regulatory approvals and authorisations to clear the product for sale to the private and public sectors in Thailand.
If WSG does not meet its minimum first-year purchase order amount, Dotz has the right to terminate exclusivity and/or distribution rights. All orders under the distribution agreement require payment on commercially standard payment terms.
This distribution deal is the fourth Dotz Test Kits distributor following a recent agreement with ScienceVision for Malaysia as well as with with El Alamo and Hygiene Links covering Paraguay, UAE, Sudan and Egypt.