Dotz Nano (ASX:DTZ) share price dips on new agreements

The Dotz Nano (ASX: DTZ) share price is down slightly today as the company announced new supply and distribution deals.

| More on:
Two hands with gloves spray disinfectant onto a surface, indicating share price movements for ASX biotech companies

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Dotz Nano Ltd (ASX: DTZ) share price is slipping today after the company announced new agreements with Zohar Dalia. Shares in the information technology company are down 0.8% at the time of writing, trading at 36 cents.

The tech company operates in anti-counterfeiting, authentication and tracing. It can embed its 4 products – ValiDotz, BioDotz, Fluorensic and InSpec – into plastics, fuels and chemicals. Furthermore, the solutions have application in the oil and gas industry, bio-imaging and liquid tagging.

What's the deal?

This morning, Dotz Nano told the market it has entered into supply and distribution agreements with Zohar Dalia. The agreements are for antiviral disinfectant with verifiable surface sanitation.

Zohar Dalia is a subsidiary of Israel's largest manufacturer and supplier of detergent and cleaning products. The supply agreement is that Dotz Nano will supply Zohar Dalia with its nontoxic molecular markers and detectors for Zohar to create a new active surface sanitisation solution.

The distribution agreement will give Zohar the right to sell and advertise the products globally, in approved markets such as the United Kingdom, India, Europe, Australia, and Africa.

Notably, the agreements are not expected to have an immediate material impact on the company's revenue.

Validation

Despite no material impact on revenue, the company says the deals offer good product validation and follow a successful trial within Tel Aviv Airport where 1000 litres of disinfectant were traced and verified.

Other trials were also undertaken in public areas. As such, the solution has the potential for use across a wide range of spaces including airports, hospitals, hotels and public transport.

Management comments

Dotz Nano chair and interim CEO Bernie Brookes commented on the agreements, saying:

Our supply and distribution agreements with Zohar Dalia further highlight the broad applicability of Dotz's authentication technology, and the board believes increases our value proposition even further.

It enables us to enter a new sector in several markets with what the board believes to be a superior solution both in terms of effectiveness and the unique ability to verify proper surface sanitation.

About the Dotz Nano share price

While the agreements may not have boosted revenue in the short term, Dotz Nano says they have "significant potential based on the large addressable global market".

The Dotz Nano share price is up 37% year-to-date and has climbed a massive 792.5% over the past 12 months.

Should you invest $1,000 in Clarity Pharmaceuticals right now?

Before you buy Clarity Pharmaceuticals shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Clarity Pharmaceuticals wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors sent the market higher once again today.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Opinions

2 ASX shares I'd buy if the ASX crashes again

I think the best opportunities can be found when the market falls.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Share Market News

These ASX 200 stocks could rise 20% to 35%

These shares could be destined to deliver big returns over the next 12 months according to analysts.

Read more »

View of a mine site.
Broker Notes

How much upside does Macquarie tip for Deterra Royalties shares?

Deterra Royalties offers ASX investors a different way to invest in global mining.

Read more »

Rising gold share price represented by a green arrow on piles of gold block.
Gold

3 reasons to buy this surging ASX All Ords gold stock today

The ASX All Ords gold stock has doubled investors’ money in 12 months, and this leading expert forecasts more outperformance…

Read more »

Woman with $50 notes in her hand thinking, symbolising dividends.
Broker Notes

Broker reveals outlook for ASX dividend shares amid volatile market

Peter Gardner from Plato Investment Management tells ASX investors where to look for dividend income this year.

Read more »

Two colleagues at work looking at a tablet and smiling at a rising share price.
Share Gainers

Why Generation Development, Orica, Pro Medicus, and Zip shares are storming higher today

These shares are having a strong session on Thursday. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why ANZ, Brainchip, Light & Wonder, and Pilbara Minerals shares are falling today

These shares are tumbling on Thursday. But why?

Read more »