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Achiko AG
Regulatory Filings • Nov 2, 2022
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Regulatory Filings
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News Details
Ad-hoc | 2 November 2022 06:45
Achiko AG Production and Company Update
Achiko AG / Key word(s): Miscellaneous
02-Nov-2022 / 06:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Achiko AG Production and Company Update
- Completing Production Pilot for Generation 2 of AptameX TM as a Precursor to Mass Commercial Production
- Expect to Commence Delivery to Sales and Marketing Contract with Nahdlatul Ulama on Commencement of Mass Production
Zurich, 2 November 2022: Ad hoc an n o u ncement pu r su a nt to Art. 53 LR – Achiko AG (SIX: ACHI; OTCQB: ACHKF; ISIN CH0522213468) (“Achiko”, the “Company”) is proud to announce that it has successfully completed a production test with PT Indofarma Tbk as a precursor to mass production of its Generation 2 AptameX ™ Covid-19 test kit. Generation 1 was successfully calibrated and delivered near perfect results earlier this year. Generation 2 is optimised for cost and production.
“We’re excited to pass this milestone”, said Mr Steven Goh, CEO of Achiko AG. “We’ve been distracted with corporate issues this year, and we’re keen to get back to delivering on our sales and marketing contract with Nahdlatul Ulama.”
Earlier in 2022, the Company announced a sales and marketing contract with Nahdlatul Ulama, the world’s largest Islamic organisation with over 90 million registered members primarily in Indonesia. The plan was to deliver 5 million tests per month in Q4 2022 rising to over 10 million per month in 2023. The contract is currently behind, however the Company expects to commence delivery as the Company enters the new year.
“As we move to the endemic phase, Covid-19 presents a serious challenge for healthcare, critical manufacturing, key services such as government and education, tourism, and leisure. The distractions in the middle of the year are regrettable and we are working with key shareholders and partners to organise ourselves with the right board and management configuration to more consistently realise the value of an affordable, fast, highly accurate, user friendly Covid-19 test such as AptameX in low and middle income countries (LMIC) such as Indonesia,” added Goh.
ABOUT ACHIKO A G
Achiko AG (SIX: ACHI.SW; OTCQB: ACHKF; www.achiko.com ) is developing disruptive diagnostic solutions that put people first. The Company’s lead product, AptameX™, is a rapid, reliable Covid-19 test with a companion app, Teman Sehat™, offering a user-friendly digital health passport. AptameX™ and Teman Sehat™ were launched in Indonesia in mid-2021 and AptameX™ received the CE Mark in the European Union in May 2022.
The AptameX™ DNA aptamer tests can be rapidly chemically synthesised, are cost-effective, easily scalable and have broad potential across multiple disease areas. Achiko aims to deliver fast, accurate and affordable diagnostic testing for a range of diseases in the rapidly evolving healthcare diagnostics field.
Headquartered in Zurich, Achiko has offices in Jakarta, and staff around the world.
M edia contacts:
ACHIKO AG
Switzerland & Global
Marcus Balogh
Farner Consulting Ltd
T: +41 44 266 67 67
Disclaimer
This communi c a tio n expressl y or i m plicitly c o nta i ns certa i n f or w ard-look i ng s tatem e nts c o ncernin g A chik o A G an d it s business . Suc h stat e ment s in v olv e certai n k n o w n a n d un k no w n risks, uncer t ainties a n d othe r f actors, w hi c h coul d cause the actua l results, f i n ancial c o nditi o n, per f or m ance or achi e vement s o f A chik o A G to be material l y di ff erent f rom any f u t ure results, pe r f ormance or achiev e ments expressed or implie d by such f or w ard-l o oki n g statem e nts. A chiko A G is providing this com m uni c ati o n as o f this date and d oe s not u nder t ake to u p d ate a n y f or w ard- l ooki n g stat e ments contain e d herein as a result o f ne w in f ormat i on , future eve n ts or o ther w ise
End of Inside Information
| Language: | English |
| Company: | Achiko AG |
| Tessinerplatz 7 | |
| 8002 Zurich | |
| Switzerland | |
| E-mail: | [email protected] |
| Internet: | https://www.achiko.com/ |
| ISIN: | CH0522213468 |
| Valor: | 48788430 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1476863 |
| End of Announcement | EQS News Service |