K-One Tech unit gets nod from Health Ministry for silicone adhesive tapes

KUALA LUMPUR: K-One Technology Bhd's wholly-owned subsidiary K-One MediTech Sdn Bhd has received approval from the Medical Device Authority (MDA) under the Health Ministry to distribute and sell silicone adhesive tapes parimarily used for wound care dressing.

The group said in a filing with Bursa Malaysia it would sell the silicone adhesive tapes in Malaysia as an authorized representative of China-based manufacturer Wuhan Huawei Technology Co Ltd.

It said the MDA has approved the distribution and sale of the above silicone adhesive tapes in three product categories for a period of five years from Sept 26, 2022, to Sept 25, 2027.

"The approval will provide the opportunity for the K-One Group to further expand its medical device business.

"The silicone adhesive tape wound dressing market is growing as its demand is anticipated to increase in tandem with the rising trend of surgeries performed in Malaysia (and abroad).

"Moreover, increasing awareness relating to the employment of medical tapes for securement among physicians and patients and the rising incidence of wounds, burns, injuries are anticipated to spice up the market demand," said the group.

It added that distribution and marketing is expected to commence immediate and sales is expected to pressively scale up in the coming years to contribute positively to the earnings of K-One Tech.