Filta Group Holdings (AIM: FLTA) has secured exclusive rights a new broad-spectrum disinfectant, which aims to halt the spread of COVID-19, with NHS-owned NTH Solutions.
The agreement with NTH Solutions, a support services group wholly owned by North Tees and Hartlepool NHS Trust, will utilise the product alongside NHS accredited training as part of the Filta Sanitation Service, which is helping businesses and organisations fight COVID-19.
The hypochlorous acid product (HOCI) is able to quickly disinfect surfaces, including killing COVID-19, without the need to evacuate a room or the need for extensive use of PPE.
The AIM-listed services provider said this makes it an ideal option for customers in a wide range of sectors from office blocks and schools to commercial kitchens and restaurants.
The agreement has now formally commenced and Filta employees will be fully trained by NHS decontamination experts and will have exclusive rights to both sell the products and provide training for customers in NHS best practices for proper use of the disinfectants.
Shares in Filta Group Holdings have more than doubled since April and were trading 18.78% higher this morning at 107.5p following the news of the new licensing agreement.
Filta staff will conduct initial cleans across the sites and ensure that they are sufficiently trained, certified and prepared to continue the cleaning regime, the group noted.
As a result of the agreement, Filta will be considered an authorised, exclusive partner to the NHS' wholly owned subsidiary, NTH, and can display the NHS logo where appropriate.
Filta customers that take on this service will be registered within an online database of certified sites and will be permitted to display certificates on location with NHS, NTH & Filta branding, subject to regular inspections and swab testing at sites every three months.
The exclusivity rights under the licensing agreement will run for an initial six months, with an option to extend for a further six months depending on performance.
While the company’s financial impact has not been forecasted, Filta stated that there is no material change to its financial condition or performance as a result of the agreement.
Jason Sayers, CEO of Filta Group, said, “Since launching our sanitation service FiltaShield in early May, we have experienced an encouraging level of enquiries and initial orders.
He added, “This partnership with NTH Solutions will further enhance our capabilities and sits with our overall Group strategy to expand our core service offering and increase the opportunity to cross-sell our portfolio of solutions to current and future customers.”
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