3 minute read
Skin Elements
PETER MALONE
CHAIRMAN
(ASX:SKN)
◾ Company Name: Skin Elements ◾ Company ASX code: SKN ◾ Key areas: Skincare, cosmetics, healthcare ◾ Key Personnel: Peter Malone, Chairman ◾ Locations: Perth, Australia ◾ Market Cap as of 15/09/22: $10.83M ◾ 52 Week share price as of 15 September: $0.015 - $0.075 ◾ Company Website: skinelementslimited.com
COMPANY PROFILE
There’s no doubt that the world has changed since the emergence of the COVID-19 pandemic. How we interact and communicate with each other has been impacted.
While vaccinations have helped prevent severe illness and death, there remains concern about spread of the virus, particularly among vulnerable people such as the elderly or immunosuppressed.
But one ASX-listed company has been working to adjust to living with COVID-19 through the development of a hospitalgrade disinfectant.
Known as SuprCuvr, Skin Elements has secured Therapeutic Goods Administration (TGA) registration for its 100% plant-based product, which has been confirmed by independent laboratory testing to be 99.99999% effective against COVID-19.
The registration has been crucial to the commercialisation of SuprCuvr for use in hospitals and aged-care homes, places that are restricted to using only TGA registered disinfectants.
SuprCuvr has also been certified by NASAA certified organic as a 100% botanical-based organic input.
Earlier this year, the company signed a key distribution deal with major medical supplies distributor Pacific Health Care to distribute SuprCuvr in Australia and New Zealand.
SuprCuvr has been found not only to be effective against COVID-19 but also other pathogens such as E. Coli, Staph. aureus, Salmonella, and Pseudomonas.
However, SuprCuvr is only a small part of the work of Skin Elements. Founded in 2005 and listed on the ASX in 2017, the company is focused on developing natural, organic products that perform better than their chemical counterparts.
Skin Elements has four main product lines. It produces all natural sunscreen products under the Soléo Organics brand, therapeutic papaya skin treatment products under the PapayaActivs brand and cosmetic skincare products under the Elizabeth Jane brand.
Also, Skin Elements has the InvisiShield brand, which includes hand sanitisers.
All of Skin Elements’ products are based on Naturopathic principles and use only organic and natural ingredients.
Through natural science and innovation, Skin Elements produces products that are leading the industry without harming the planet.
From non-whitening (micronised) zinc to botanically fortifying extracts with antioxidants, the company has spent more than 15 years and $35m researching and developing its formula and products.
The company’s variety of products has been granted US Food and Drug Administration (FDA), plus TGA and other international approvals.
Skin Elements products now have a presence in the major markets of the Americas, Europe and Asia.
Importantly, Skin Elements is operating in a growing market as health conscious consumers increasingly prefer natural to chemical-based products.
Pitt Street research reported the global natural and organic cosmetics and personal care market is expected to grow from ~US$38bn in 2020 to ~US$55bn in 2027.
The market for hand sanitiser and disinfectant products is also forecast to grow significantly in coming years.
The company has a strong board and management team led by Peter Malone who has more than 30 years of experience in the global financial market and is passionate about commercialization of organic wellness and healthcare products.
KEY INVESTMENT HIGHLIGHTS
JANUARY 18, 2022: Skin Elements appoints major medical supplies distributor Pacific Health Care to distribute its hospital-grade disinfectant product SuprCuvr. MARCH 17, 2022: Skin Elements delivers 120,000 litres of SuprCuvr, invoicing more than $1.4 million in its first major sales order with Pacific Health Care. JUNE 22, 2022: Skin Elements set to capitalise on global demand (conscious consumer) for chemical-free, plant-based environmentally friendly products. SKN’s disinfectant SuprCuvr protects against pathogens including COVID 19.