Agreement with MICROBAN INTERNATIONAL, LTD.
posted on
Aug 11, 2009 04:55PM
Edit this title from the Fast Facts Section
Attention Business/Financial Editors NOVEKO INTERNATIONAL INC. announced the signature of a License and Supply Agreement with MICROBAN INTERNATIONAL, LTD. << Symbol: EKO / TSX
>> MONTREAL, Aug. 11 /CNW Telbec/ - Noveko International Inc. ("the Company") is pleased to announce that further to the preliminary discussions previously announced on March 24, 2009, its subsidiary Noveko Trading 2008 LLC ("Noveko Trading") has entered into a License and Supply Agreement with Microban International, Ltd. ("Microban"), the global leader in built-in antimicrobial product protection, engineering durable antimicrobial solutions for consumer, industrial and healthcare products around the world. Under the terms of this agreement, Microban has granted Noveko the right to sell its line of AZURO(TM) hand sanitizers under the Microban(R) brand name. This global agreement also grants Noveko the right to use the Microban brand as the lead/host brand or ingredient brand, and the right and licence to use the Microban antimicrobial technology and Microban's proprietary antimicrobial additives, in the manufacture of the Noveko's surgical masks and respirators through December 31, 2012. "We have made a crucial strategic decision by choosing Microban as a partner. Through this agreement, we will gain access to the expertise and reputation of a worldwide leader in the antimicrobial market which will allow us to optimize our products - both in performance and in cost. Combining the AZURO(TM) hand sanitizer quality and performance with the Microban brand name will further accelerate our global market penetration in all segments," indicated Alain Bolduc, President and Chief Operating Officer of the Company. David Meyers, President and CEO of Microban International says, "Microban antimicrobial technology provides a strong benefit for these product applications and we are happy to partner with Noveko to bring a range of innovative new products to market under the Microban brand name, especially during a time when consumer concerns about the presence of microbes are extremely high." Profiles Microban International, Ltd. is a global technology and marketing company dedicated to enhancing high quality consumer, industrial and healthcare products with branded built-in protection from microbes. Microban International licenses the Microban (R) global brand name, sells custom-engineered compounds, and provides a range of services, including regulatory and marketing support. The Microban (R) brand promises continuous and durable antimicrobial product protection, built-in during manufacture to not wear out for the useful life of the product. Microban International is headquartered in North Carolina with operations in North America, Europe and Asia. For more information on Microban, please contact (704) 875-0806 or visit www.microban.com. Noveko International Inc. offers innovative solutions in the environmental and medical fields worldwide. Through its subsidiaries, the Company specializes primarily in the following business segments: the development, manufacturing and marketing of derivative products from its patented antimicrobial filtration technology, including air filters, surgical masks and respirators, along with other products with antimicrobial properties such as AZURO (TM) hand sanitizers - and the development, manufacturing and marketing of medical equipment, primarily portable real-time ultrasound scanners for use in human and veterinary medicine. Certain statements set forth in this press release constitute forward-looking statements. In some cases, these statements are identified by the use of terms such as "may", "could", "might", "intend", "should", "expect", "project", "plan", "believe", "estimate" or other comparable variants. These statements are based on the information available at the time they are written, on assumptions made by management and on the expectations of management, acting in good faith, regarding future events, including those relating to economic conditions, fluctuations in exchange rates and operating expenses, and the absence of unusual events entailing supplementary expenditures. Although management considers these assumptions and expectations reasonable based on the information available at the time they are written, they could prove inaccurate. Forward-looking statements are also subject, by their very nature, to known and unknown risks and uncertainties such as those related to the industry, acquisitions, labor relations, credit, key officers, supply and product liability. The actual results of Noveko International Inc. could differ materially from those indicated or underlying these forward-looking statements. The reader is therefore recommended not to unduly rely on these forward-looking statements. Forward-looking statements do not reflect the potential impact of special items, any business combination or any other transaction that may be announced or occur subsequent to the date hereof. The Company undertakes no obligation to update or revise the forward-looking statements to account for new events or new circumstances, except where provided for by applicable legislation. -30- /For further information: Chantal Vennat, Director, Investor Relations and Corporate Communications, Noveko International Inc., (514) 875-0606;