Philippines only LOI? Sure? Look this news from 03.08....Greetings from Germany,
it could be my English not good enough, but I read "contract" in the news from 03.08.:
"ViraxClear signed a contract for distribution with well-known Philippines medical device distribution company Novarad Asia Pacific Company, following the Philippines Food and Drug Administration (“PFDA”) approval for the ViraxClear Test Kits. The terms are for an initial one million test kits which having been bought and distributed will convert to a nationwide exclusivity deal. The first two orders have been processed with intent for large-scale nationwide distribution."