HomeFinTechUniversal Biosensors: Signs Canadian distribution deal

Universal Biosensors: Signs Canadian distribution deal

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  • Universal Biosensors (UBI) has signed a distribution agreement with Vines to Vintages for the distribution of its wine-testing platform, Sentia, in Canada
  • Vines to Vintages is an independent wine laboratory performing analysis for wineries in Canada and United States
  • Sentia analyses sulfur dioxide in post-fermentation red or white wine
  • The agreement is for three years and includes standard renewal and termination options
  • UBI CEO John Sharman said this is another positive step in the commercialisation of Sentia globally
  • On the market, UBI is up 1.96 per cent and is trading at 52 cents per share
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