Australia's Dotz Nano rises on deal to distribute COVID-19 testing kits in Paraguay

Dotz Nano

15/09/2021 01:47

** Shares of technology firm Dotz Nano  DTZ.AX  rise as much
as 2.4% to A$0.42
    ** Co says it got an initial $220,000 purchase order from,
Paraguay-based El Alamo S.A to promote, sell and distribute its
SARS-CoV-2 virus detection technology in Paraguay  urn:newsml:reuters.com:*:nASX2WW6zl
    ** Dotz Nano says distribution agreement is for an initial
two-year term
    ** Co grants El Alamo the right to sell the Dotz Test Kits
in Paraguay with conditional exclusivity provided minimum annual
purchase orders equating to about $200,000 in 2021 and at least
$420,000 in each of 2022 and 2023 are met
    ** DTZ stock up 70.8% this year, as of last close 
     

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))