Skin Elements Enters Binding Agreement with Holista Colltech To Launch All Natural Skin-Friendly Sanitiser
April 03 2020 - 3:00AM
JCN Newswire (English)
KUALA LUMPUR, Apr 3, 2020 - (ACN Newswire) - Australian-listed
companies Skin Elements Limited (ASX: SKN) ('Skin Elements') and
Holista Colltech Limited (ASX:HCT) ('Holista') announced today a
Binding Collaboration Term Sheet (Agreement) to launch a natural
alcohol-free hand sanitiser that combines Skin Elements' new
skin-sensitive anti-microbial formula with the Path-Away(R) active
ingredient distributed by Holista.
Skin Elements is leveraging on its research into skincare formulas
which has already achieved global market recognition. This will
make the Invisi Shield(R) Natural Hand Sanitiser a world-first in
combining advanced natural skincare formulations with the
Path-Away(R) active ingredient.
Skin Elements' Invisi Shield(R) Natural Hand Sanitiser will hit
stores in Australia and New Zealand this month ahead of other
global markets as part of an accelerated collaboration between both
companies to meet the increased global demand for sanitizers.
The all natural product will address a major concern faced by the
repetitive use of alcohol based sanitisers. Many Australians are
increasingly concerned about skin sensitivity due to high alcohol
content in sanitisers. Invisi Shield(R) Natural Hand Sanitiser does
not use alcohol.
Skin Elements' Invisi Shield(R) Natural Hand Sanitiser is a plant
based formula incorporating the Path-Away(R) active ingredient. The
Invisi Shield(R) Natural Hand Sanitiser is currently being
formulated by Skin Elements using third party independent test
results on ingredients. Once this product has been finalised the
assessment of applicable regulatory framework and further
appropriate independent laboratory testing will be undertaken as
required.
The Invisi Shield(R) Natural Hand Sanitiser is not required to be
registered by the Therapeutic Goods Administration (TGA) as it is
deemed personal cosmetics products which comply with the
Therapeutic Goods (Excluded Goods) Determination 2018.
The Path-Away(R) active ingredients are listed as Generally
Recognised as Safe (GRAS) under the Code of Federal Regulations and
Federal Drug Administration (FDA) and have been successfully tested
at several laboratories approved by the World Health
Organisation.
Holista has exclusive rights to distribute in Australia the
Path-Away(R) sanitiser ingredient developed by Global Infection
Control Consultants LLC based in South Carolina in the United
States. Holista also sells under the brand Natshield.
Skin Elements has the capacity to initially produce up to 20,000
100ml bottles Invisi Shield(R) Natural in the first month at its
West Perth facility, and will review quarterly its capacity to
assess if additional contract facilities are required to increase
production to meet increased future demand.
As part of the Agreement, Holista will ship Path-Away(R) as a
concentrate to be included in the manufacture of the Invisi
Shield(R) Natural sanitizer. This will be made in Australia by Skin
Elements in accordance with the unique dilution recommendations for
the Path-Away(R) concentrate provided by GICC. Skin Elements will
allow its production outputs to be independently verified by
competent auditors of HCT, or as the case may be, by GICC.
The initial order of the Path-Away(R) ingredient under the
Agreement is for a minimum of $600,000 in the first year. Payment
terms will be 50% on order and 50% before shipment. The minimum
order quantities will be reviewed on a quarterly basis, in order to
assess capacity to increase order quantities as required to meet
increased demand.
It will be available in Australia and New Zealand through its
network of four distributors which service in excess of 10,000
retail outlets. It intends to introduce other bottle sizes for
handheld or table-top use and can increase production to meet
demand in Australia and New Zealand and from the global
markets.
"We are excited by the collaboration with Holista and the launch of
Invisi Shield(R) Natural which will position Skin Elements as a
global leader in providing high-quality hand sanitisers. This new
sanitiser significantly strengthens our range of existing
sanitisers which is being unveiled after two years of product
development and test marketing to independent pharmacies, and
selected schools and day-care centres in Western Australia," said
Skin Elements' Executive Chairman Peter Malone.
"It extends Skin Elements' portfolio of award-winning nature-based
healthcare and skincare products researched and developed over the
past 20 years. These include the Soleo Organics sunscreen, which
has won multiple awards as the world's best natural sunscreen,
including being rated the number one natural sunscreen by the
Environmental Working Group of the United States, PapayaActivs
natural therapeutic skincare, and the Elizabeth Jane Natural
Cosmetics brand," he added.
"Our partnership with Skin Elements places Australia on the global
map in terms of innovation. The inclusion of Path-Away(R) combines
trusted skincare solutions developed by Skin Elements with a
powerful active ingredient that has been tested as a sanitiser.
Life after COVID-19 will see more use of sanitsers at a personal
level and I am happy to see two Australian companies take the
message of "all natural and "alcohol free" to the world as an
alternative to alcohol," said Dr Rajen Manicka, CEO of Holista.
This announcement is authorised by the Board of Directors of Skin
Elements Limited and the Board of Directors of Holista Colltech
Limited.
For further information, please contact:
Peter Malone
Executive Chairman
Skin Elements Limited
T: +61 439 430 770
E: peter@skinelementslimited.com
Media and Investor Inquiries
James Moses
Mandate Corporate
T: +61 420 991 574
E: james@manadatecorporate.com.au
About Skin Elements
Skin Elements is an ASX listed skin care company focused on the
development of natural and organic skin care products, as an
alternative to current chemical-based products. It has developed a
portfolio of products which includes its lead product, the Soleo
Organics 100% natural and organic sunscreen, pawpaw based
PapayaActivs natural therapeutic skincare, and the Elizabeth Jane
Natural Cosmetics brand. The Company has completed a highly
successful test marketing phase in major international markets for
Soleo Organics and has regulatory approval with the USA FDA, TGA
and other significant regulators. Skin Elements aims to become the
number one recognised international natural products brand. Further
information is available via the Company website:
http://skinelementslimited.com
About Invisi Shield(R)
Invisi Shield(R) Natural is a proprietary all-natural hand
sanitiser formulation which uses a combination of the key
ingredient, Path-Away(R), with organic plant extracts being olive
leaf, echinacea, Manuka honey, Kakadu Plum, papaya, chamomile and
thyme.
About Holista Colltech Ltd
Holista Colltech Ltd ("Holista") is a natural wellness company, the
result of a merger between Holista Biotech Sdn Bhd and CollTech
Australia Ltd. The company has 3 main divisions:
- Dietary supplements and personal care
- Food Ingredients
- Ovine collagen
Listed on the Australian Securities Exchange ("ASX"), Holista
researches, develops, manufactures and markets "health-style"
products to address the unmet and evolving needs of natural
medicine. Holista's suite of ingredients includes low-GI baked
products, reduced-sodium salts, low-fat fried foods and low-calorie
sugar without compromising taste, odour and mouthfeel. Holista
remains the only company to produce sheep (ovine) collagen using
patented extraction methods. For more information, please refer to
http://www.holistaco.com
Contact:
Corporate Affairs & Business Opportunities
Dr Rajen Manicka: rajen.m@holistaco.com
General Enquiries: enquiries@holistaco.com
Media and Investor Relations:
WeR1 Consultants Pte Ltd
E: holista@wer1.net; P: +65 67374844
About Path-Away(R)
Path-Away(R) is the active ingredient in the Invisi Shield(R)
Natural hand sanitiser. It is a powerful plant-based anti-microbial
compound, developed by US-based Global Infection Control
Consultants LLC (GICC) in South Carolina under the leadership of
Dr. Arthur Martin. GICC is the premier private company in the
United States that specialises in the dynamics of the pathogenic
bioaerosol connection to the human infection matrix. Further
information on GICC is available via the website:
https://www.giccllc.com
Path-Away(R) is an all-natural, alcohol free, rinse-free
multi-purpose sanitiser which is proven effective for a broad
spectrum of pathogens. It is environmentally safe with a very low
toxicity (especially relative to competitor products), and has been
tested, proven and approved by numerous laboratories and agencies
globally.
Path-Away(R) is the result of years of research leading to the
company's proprietary plant-based active ingredients. The products
and processes are wholly owned by GICC. The Company's aim to
provide cutting-edge solutions organic solutions to
bacteriological, biological, and viral pathogens affecting home and
personal life. Further information is available via the
Path-Away(R) website: https://path-away.com/
Source: Skin Elements / Holista CollTech Ltd
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