Achiko AG Commences Commercial Deliveries in Indonesia

Rhea-AI Summary

Achiko AG has announced the commencement of commercial deliveries of its Generation 2 AptameX™ Covid-19 test kits in Jakarta, Indonesia, partnering with Nahdlatul Ulama (DKI). Following a successful pilot program, the company aims to supply one million tests initially, expanding to five million per month. AptameX is a saliva-based test utilizing DNA aptamers, outperforming traditional rapid tests. CEO Steven Goh expressed enthusiasm for the delivery rollout, marking a significant step after securing materials and establishing production in Indonesia and Taiwan.

Positive

• Commencement of commercial deliveries of AptameX™ test kits indicates growing market presence.
• Partnership with Nahdlatul Ulama (DKI) provides access to a large customer base in Indonesia.
• Potential to expand deliveries from one million to five million tests per month.
• AptameX™ test shows performance advantages over traditional rapid tests, enhancing competitive positioning.

Negative

• None.

Commencing Commercial Deliveries of its Generation 2 of AptameX™ Covid-19 Tests Kits with Nahdlatul Ulama (DKI) in Jakarta, Indonesia

ZURICH, Switzerland, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Ad hoc announcement pursuant to Art. 53 LR – Achiko AG (SIX: ACHI; OTCQB: ACHKF; ISIN CH0522213468) (“Achiko”, the “Company”) is proud to announce that following pilot production with manufacturing partner PT Indofarma Tbk, the Company is now commencing commercial deliveries of its Generation 2 AptameX™ Covid-19 test kit to Nahdlatul Ulama (NU) and other commercial clients, both starting in and around Jakarta.

“We’re excited to commence commercial deliveries in Indonesia. Following a pilot program in Jakarta earlier this year we will resume the rollout of AptameX to schools and businesses,” stated Steven Goh, CEO of Achiko. “As we move the treating Covid-19 as endemic, AptameX represents the right combination of friendly, affordable and accurate solution for the future”.

Nahdlatul Ulama (DKI) is the Jakarta branch of Nahdlatul Ulama, which nationally in Indonesia has over 90 million registered members and operates over 6,000 schools and universities, and several hundred hospitals and clinics. Achiko had earlier in 2022 signed a marketing and sales agreement to deliver one million tests, before growing to five million per month in 2022.

AptameX is a saliva-based Covid-19 test using DNA Aptamers bound to gold nanoparticles in a colloidal solution, and the result is read by a UV Spectrophotometer and then analyzed with custom software. Unlike a molecular and immunoassay approaches, the test’s use of DNA Aptamers has yielded encouraging results at low viral loads outperforming most lateral flow based rapid tests.

“We’ve had some distractions along the way, but we’re excited to get things back on track. We’ve secured materials supply, and establishing production in Indonesia and Taiwan, and now we’re looking forward to delivering on a solution that’s right for Indonesia and bringing it to the world,” added Goh.

ABOUT ACHIKO AG
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 synthesized, 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.

Media contacts:

ACHIKO AG
Investor Relations
E: ir@achiko.com

Switzerland & Global
Marcus Balogh
Farner Consulting Ltd
E: achiko@farner.ch
T: +41 44 266 67 67

DISCLAIMER

This communication expressly or implicitly contains certain forward-looking statements concerning Achiko AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Achiko AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Achiko AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise

FAQ

What is the latest update on Achiko AG's AptameX Covid-19 test kits?

Achiko AG has begun commercial deliveries of its Generation 2 AptameX Covid-19 test kits in Jakarta, Indonesia, in partnership with Nahdlatul Ulama.

How many Covid-19 test kits is Achiko AG planning to deliver in Indonesia?

Achiko AG plans to initially deliver one million AptameX test kits, with the potential to increase to five million per month.

What are the benefits of the AptameX Covid-19 test kits?

The AptameX test is a saliva-based solution that uses DNA aptamers, showing improved accuracy, especially at low viral loads, compared to traditional rapid tests.

Who is Achiko AG partnering with for the Covid-19 test kit rollout?

Achiko AG is partnering with Nahdlatul Ulama (DKI), which operates numerous schools and hospitals in Indonesia.