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CSX - CleanSpace Holdings

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CleanSpace is an Australian company based in Sydney which designs, manufactures and sells workplace respiratory protection equipment (RPE) for healthcare and industrial end markets.

CleanSpace was founded in 2009 by a team of biomedical engineers and following a successful testing and regulatory approval process launched its first respirator for use in industry in 2010. In 2013, CleanSpace entered the European market, followed by the US market in 2017. In 2018, CleanSpace launched its first healthcare respirator to a global market. In 2019, CleanSpace began business development for South East Asia.

CleanSpace develops and owns its proprietary technology. In the last 10 years, the Company has continued to invest in research and development programs resulting in differentiated design and approved products that provide compelling employer and user benefits, namely higher protection with improved compliance and productivity. CleanSpace technology incorporates miniaturisation (size and weight), smart pressure driven algorithms, intuitive function and unique neck mounted design, to achieve the highest level of protection

It is anticipated that CSX will list on the ASX during October 2020.

 
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and another one hitting the boards today. And holding on its significant entry.

Mask manufacturer CleanSpace Holdings has surged on debut after raising $131.4 million at $4.41 a share. The company says the prevalence of second waves continued to drive demand for respiratory protection technology through the first quarter of the 2021 financial year.
CleanSpace says its sales mix continues to be in line with previous months with the majority taken up by healthcare in main markets of North America, Europe and Asia. North America has moved to become our largest market for the first time since it entered the market three years ago. The business has entered the India and Middle East healthcare markets, which are growth regions for PPE.
With the finalisation of the quarter ended to 30 September 2020, CleanSpace says it is confident it will achieve its forecast revenue of $31.8 million and earnings before interest, tax, depreciation and amortisation of $11.6m to 31 December 20202, subject to market conditions and ongoing risks from COVID-19.

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