Frost & Sullivan analysts' coverage of Sonovia
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Sonovia (TASE: SONO)
Sonovia is an Israeli publicly-traded high-tech company focusing on R&D of high-performing, durable and sustainable textile finishing applications while using ultrasound at the core of its technology. Sonovia's anti-pathogenic application, which provides over 99% active protection against viruses (including covid-19), bacteria, and fungi, is already generating revenues and is tested by leading brands and manufacturers. Additional applications such as water repellency, flame retardancy, and dyeing – are either in R&D or in the company's R&D pipeline.
Sonovia exhibited important capabilities: Early identification of market pain points, quick response in product design, testing and production at a large scale, and aggressive marketing and sales operation at a global scale and with high profitability using E-commerce platforms.
Sonovia's novel platform technology and its unique value propositions present great promise in becoming the future incumbent technology for performing textile wet-finishing applications in versatility, performance, durability, ease of use, cost-competitiveness, and sustainability.
We believe Sonovia is on a path for growth and success on a global scale. Therefore, we view Sonovia as a great investment opportunity. We start our coverage with a target price of 30.7 NIS.
Full Report HERE.
SOURCE Frost & Sullivan
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