Harris Technology appointed distributor for Chinese personal hygiene products

Harris Technology Jointown Pharmaceutical Aumacom face masks hand sanitiser Australia ASX HT8
Harris Technology will distribute face masks and hand sanitiser in Australia.

Consumer electronics goods supplier Harris Technology Group (ASX: HT8) has been authorised by China’s Jointown Pharmaceutical Group to distribute its Jointown and Aumacom range of face masks in Australia.

The masks have been approved by Australia’s Therapeutic Goods Administration and an initial 30,000 were sold into the local market during March.

A new shipment of 200,000 masks is scheduled for sale this month.

Harris Technology has also been authorised by China-based Gotdya Fine Chemicals Co Ltd to market its hand sanitiser products in Australia.

The first shipment of 90,000 units is currently in transit and expected to be available for sale next month.

Orders have been placed for a further 225,000 units of hand sanitisers.

Pro-Hygiene range

The masks and hand sanitiser products will be marketed as part of Harris Technology’s new Pro-Hygiene range and available for sale through its website and distribution partners.

The company expects total revenue from Pro-Hygiene sales to reach $400,000 for the quarter ending June 2020.

Managing Director Garrison Huang said the aim is to stay ahead of projected consumer demand for personal hygiene products.

“Our move into the personal protective equipment space takes advantage of our years of experience in product sourcing and relationship building,” he said.

“The establishment of Pro-Hygiene is a long-term strategy as we expect spending by consumers on [these] products will be far greater into the future than it has been in the past.”

Sustained revenue

Earlier this month, Harris Technology announced its March sales revenue had increased to $1.625 million compared to $716,000 in the previous corresponding period.

Total revenue for the March quarter hit $3.4 million compared to $2.3 million in 2019.

The increased revenue is expected to be sustained for the foreseeable future as the company builds on its relationships with major online platforms including Amazon, Catch, Kogan and eBay.

“We are able to work with the major e-commerce platforms without being seen as a competitor,” he said.

“We will continue to improve sales with these large players and also from our own website.”

At mid-morning, shares in Harris Technology were trading 110.5% higher at $0.04.

    Join Small Caps News

    Get notified of the latest news, events, and stock alerts.