Zoono Group, Partner Enter Agreement for Use of Shelf-Life Extension Products in Food Packaging in Australia; Shares Fall 38%

MT Newswires Live

Nov 14

Zoono Group (ASX:ZNO) and its partner in the food supply chain sector, OSY Group, entered into an exclusive five-year agreement with Multisteps to use Zoono's shelf-life extension products and OSY's application technologies on its food packaging ranges in Australia, according to a Monday Australian bourse filing.

Zoono manufactures antimicrobial products. The agreement is valid until November 2030.

An opening purchase order for NZ$182,000 is set to be received by Jan. 31, 2026, from Multisteps for the delivery of the product, with minimum purchases over the five-year term totaling NZ$15.2 million.

Zoono's shares fell 38% in recent trading on Friday.

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