V=eSense-Lab Limited announced that it has entered into a binding joint venture agreement ("JV") with Sassey Pty Ltd. (the owner of Wise Winery). Under the JV structure, Wise will broaden its sanitizer product offering to include ethanol sanitisers infused with eSense's unique terpenes. Under the agreement, eSense will provide its proprietary terpene mixes to the JV, specifically chosen for their anti-viral qualities, and a cash contribution of up to $200,000 for JV operational expenses and Wise will contribute up to $200,000 of sanitiser ingredients (base alcohol sanitiser and packaging) to the JV. Wise will also contract manufacture the terpenes infused sanitiser products on behalf of the JV. The deal will see the new products widely available through Wise's distribution network via its online store. Wise has already shipped 1.1 litres of ethanol produced from its distillery to Israel for R&D testing and formulation by eSense in its Israeli laboratory. Completion of the formulation specifications is anticipated to occur within 90 days, following which the JV company will be incorporated and the parties will work together to commence manufacture, distribution and sales of terpenes infused sanitiser products as soon as practicable. Since the start of Covid-19 Wise has been supplying Sanitiser to State and Federal Government including Hospitals, State and Federal Police, Schools and aged care facilities. The key terms of the JV agreement are: the agreement remains subject to certain conditions precedent, including mutual due diligence, receipt of any regulatory and shareholder approvals, and executing certain definitive agreements, including a shareholder's agreement, supply agreements, manufacturing and distribution agreement; the JV company will be owned 50% by eSense and 50% by Wise; if required, eSense will make additional loan funds available to the JV for working capital purposes; eSense to supply terpenes to the JV, on a non-exclusive basis, for an Initial 10-year term; the JV will place an initial order of 2 million units of terpenes for infusion into the hand sanitiser products (equivalent to $600,000 in value). It is anticipated that this order will only be partially funded upfront to an amount of $150,000 to $200,000 and the balance of the order will be paid for from the proceeds of products sales; terpenes sanitiser products to be manufactured exclusively by Wise and supplied to the JV on a cost plus basis; the product is to carry Wise's premium recognisable branding; and the products are to be distributed by Wise and other distribution partners who are anticipated to be appointed in due course. eSense's lab continues researching and testing its gel-based, alcohol-free sanitiser Examining terpene's anti-viral synergistic effects. Discussions are ongoing with several Israeli universities several universities, hospitals and virology labs to establish further testing and research into the exact nature of terpenes as an anti-viral.