Natural skin care company Skin Elements Limited (ASX: SKN) has entered into a binding distribution agreement with Prudential Consultants Pty Ltd for the distribution of its Invisi Shield Organics hand sanitiser in Australia.
Prudential Consultants, trading as Shield Yourself, is an Australian health sector-focused consultancy group, established in 2016. It has a successful track record in distributing health and medical related products in NSW and throughout Australia, and is a preferred hand sanitiser and disinfectant supplier to the New South Wales Government and a registered hand sanitiser supplier to the Tasmanian Department of Education.
Skin Elements Executive Chairman, Peter Malone, said Prudential Consultants contacted Skin Elements in April 2020 after searching for an Australian organisation which aligns with its values of providing high quality products with a positive and lasting effect on themselves as well as the community and environment.
Key terms of the Distribution Agreement are:
- The Agreement is for the exclusive distribution of Invisi Shield Organics in New South Wales and Tasmania, and also the distribution of Invisi Shield Organics outside of these territories on a non- exclusive basis.
- The Agreement is for an initial term of three years. Prudential Consultants has agreed to a minimum sales commitment of 40,500 litres or approximately $2.4 million of Invisi Shield Organics in this initial three-year period.
Invisi Shield Organics is an alcohol-free, all-natural sanitiser formulation incorporating natural plant- based extracts designed to deliver maximum protection against germs whilst addressing increasing concerns about skin sensitivity due to the high repetitive use of alcohol-based sanitisers.
Skin Elements has utilised its experience and expertise in developing advanced anti-microbial natural skincare formulations to produce the SE Formula, and independent laboratory tests have confirmed it to be 99.99% effective against Feline coronavirus, a surrogate of Coronavirus COVID-19.
Skin Elements is continuing to investigate the use of the SE Formula in a range of applications for Invisi-Shield Organics, and the regulatory requirements of the Therapeutic Goods Administration (TGA) in making any product claims.
