Neptune to rapidly increase North American
supply of safe and effective non-contact thermometers in
response to COVID-19
LAVAL, QC, May 12, 2020 /PRNewswire/ - Neptune Wellness
Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX:
NEPT), a leader in natural health and wellness products, is pleased
to announce today the launch of Neptune Air, a non-contact infrared
thermometer (NCIT) optimized for measuring a person's temperature
while reducing cross-contamination risk and minimizing the risk of
spreading disease.
Neptune is developing multiple versions of Neptune Air for
consumers, businesses and government customers, including white
label turnkey solutions, and is currently shipping to a large North
American distributor of first aid and safety products. The
launch and expansion of Neptune Air is expected to allow Neptune to
rapidly increase North American supply of safe and effective
thermometers, which we believe have been in short supply since the
COVID-19 outbreak.
According to the U.S. Food & Drug Administration (FDA), the
benefits of NCITs include:
- Non-contact approach may reduce the risk of spreading disease
between people being evaluated
- Easy to use
- Easy to clean and disinfect
- Measures temperature and displays a reading rapidly
- Provides ability to retake a temperature quickly
This new expansion of Neptune's product portfolio with products
including hand sanitizers and non-contact thermometers is a
strategic response to COVID-19 and utilizes a highly flexible and
low cost supply chain infrastructure that can be scaled up and down
quickly to adapt to market demand.
"The launch of Neptune Air reflects our ability to be nimble and
quickly respond to customer demands with turnkey product
development and supply chain solutions," said Michael Cammarata, Chief Executive Officer of
Neptune Wellness Solutions. "Neptune Air further reinforces our
leadership position in health and wellness products and we expect
our entrance into this market to open the door to many new customer
relationships as we expand and diversify our health and wellness
product portfolio and leverage our capabilities to meet market
needs. In response to COVID-19, we are proud to bring this
product to market to address supply constraints due to strong
demand for safe and effective thermometers as an important tool in
the fight against this pandemic."
About Neptune Wellness Solutions Inc.
Neptune
Wellness Solutions specializes in the extraction, purification and
formulation of health and wellness products. The Company has in
excess of 100 customers across several verticals including legal
cannabis and hemp, nutraceutical and consumer packaged goods.
Neptune's wholly owned subsidiary, 9354-7537 Québec Inc., is
licensed by Health Canada to process cannabis at its
50,000-square-foot facility located in Sherbrooke, Quebec. The Company also has a
24,000 square-foot facility located in North Carolina to process hemp biomass into
extracts. Neptune brings decades of experience in the natural
products sector to the legal cannabis and hemp industries.
Leveraging its scientific and technological expertise, the Company
sees applications for hemp-derived extracts in the U.S. beyond
existing markets and product forms and into personal care and home
care markets through its Forest Remedies™ brand and white label
offerings. Neptune's sustainably harvested Ocean
RemediesTM krill oil offers consumers a unique source of
EPA and DHA omega-3 fatty acids, phospholipids and natural
antioxidants. Neptune's activities also include the
development and commercialization of turnkey nutrition solutions
and patented ingredients such as MaxSimil®, and a variety of marine
and seed oils. Its head office is located in Laval, Quebec.
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SOURCE Neptune Wellness Solutions Inc.