COVID-19 has created an unprecedented demand for Personal Protective Equipment (PPE), worldwide. And the need to develop a new Australian manufacturer of PPE products has become increasingly obvious due to 2 major factors:
- Over-reliance on imported PPE equipment, and increased costs/delays
- Inability to fulfil the demands of Australia's health system
PPE OZ needed to establish a viable, ethical and high-quality manufacturing operation to supply PPE domestically in both a 'normal' and pandemic-affected environment. But they needed capital to make it happen.
PPE is now, more than ever, an essential service necessary to save Australian and international lives.
The broad use of face masks among the general public has expanded the market exponentially, but as it stands, there is only one other manufacturer of PPE face masks in Australia (Medicon), located in Shepperton, Victoria. Medicon currently does not have the capacity to meet overwhelming market demand.
PPE OZ will aggregate up-and-coming Australian manufacturers of N95 and 3 ply surgical masks. The company will also expand its range to include COVID-19 test kits, surgical gloves and visors in the coming months.
Existing customers include IVE Group, QuayClean, Major Dental and Medical Wholesalers.
PPE OZ approached STAX based on our reputation of raising capital quickly. And strengthening these credentials, we fulfilled a large, undisclosed sum within the space of a month. This was essential in order for PPE OZ to scale operations and swiftly respond to market requirements.
“STAX offered the right mix of smart capital and technological innovation to assist in raising capital quickly and efficiently.”
Learn more at ppeoz.com.au.