Dotz Nano Limited announced that it has signed a Memorandum of Understanding (MoU) with Recochem Inc. of Australia for the appointment of Recochem as an Exclusive Distributor of GQDs for Australia and New Zealand. The MoU calls for a 5-month evaluation period, in which the parties will evaluate each other's performance and the market in Australia and New Zealand. The agreement covers the use of GQDs in all areas of applications. Dotz will supply Recochem with GQD samples, and any purchases of GQDs by customer's will be based on pre-agreed lead time and purchase pricing and terms. In addition, the MoU states that the parties will endeavor to enter into a comprehensive exclusive distribution agreement no later than 1 June 2018. During the evaluation period, Dotz Nano may continue sales negotiations with other parties in the territory.