Conclusion of a distribution agreement by a subsidiary for the SARS-CoV-2 RT-LAMP FAST DETECTION KIT tests - Virolizer
Management Board of INNO-GENE S.A. _Emitent_ informs that on November 3, 2020, it received information from a subsidiary, i.e. DNA Research Center sp.z o.o. on concluding a distribution and promotion agreement for the SARS-CoV-2 RT-LAMP FAST DETECTION KIT product with London Europe Group Ltd. registered in Great Britain.
The agreement was concluded for an indefinite period and concerns the distribution and promotion of the SARS-CoV-2 RT-LAMP FAST DETECTION KIT test in Great Britain and Ireland. The parties contractually agreed the forecast sales level and the price.
London Europe Group Ltd. _distributor_ has been operating on the British market since 1999 and is the owner of the trademark Virolizer _http: //virolizer.com/contact-us_. Under the trademark Virolizer, the company is heavily selling articles related to the SARS-CoV-2 coronavirus pandemic.
London Europe Group also announces that it is after preliminary talks with management of major airports in Great Britain and Ireland regarding the introduction of the SARS-CoV-2 RT-LAMP FAST DETECTION KIT for passenger screening testing.
The issuer draws attention to the significant value of the contract, estimated at over PLN 50 million.