September 24, 2021 (Investorideas.com Newswire) ZEN Graphene Options Ltd. shares traded 13.5% larger after the corporate reported it delivered its first revenue-generating cargo of ZENGuard, a patent-pending coating with 99% antimicrobial exercise. The primary industrial cargo follows the agency’s announcement yesterday that Well being Canada decided ZENGuard enhanced surgical masks are protected to be used by Canadians.
Canadian nanotechnology agency ZEN Graphene Solutions Ltd. (ZENYF:OTC-US; ZEN:TSX.V), which is engaged on growing on next-generation healthcare options that embody graphene nanomaterial based mostly merchandise, immediately announced that “it has delivered and generated income from its first cargo of ZENGuardTM antimicrobial coating to Trebor Rx Corp.”
The corporate suggested that this primary industrial cargo was attainable because it was in a position to quickly transfer from bench scale manufacturing to operations able to supporting manufacturing better than 30 million masks month-to-month.
The agency famous that it’s now engaged in engineering and constructing a brand new industrial plant that’s anticipated to have the capability to coat the equal of 800 million masks per thirty days. ZEN Graphene Options reported that the plant is now within the procurement stage and is anticipated to go surfing within the fourth quarter.
ZEN Graphene’s CEO Greg Fenton remarked, “The achievement of our first industrial sale of ZENGuardTM to our companion Trebor marks the start of what we count on to be a really compelling development story for the prevention pillar of our well being care portfolio within the months and years forward. With Well being Canada approval behind us, we are actually centered on bringing our industrial manufacturing on-line to fulfill the worldwide demand we count on for our gold normal anti-microbial face masks.”
In a separate information launch yesterday, ZEN Graphene Options and Trebor Rx Corp. announced “Well being Canada’s approval of ZENGuard™ disposable face masks with biocidal coating and rated it at ASTM Stage 3.”
The corporate defined that Well being Canada carried out an in depth overview course of to insure that the ZENGuard™ disposable face masks met use and security requirements. The product information was examined intimately to guage a number of key components together with bacterial filtration effectivity, inhalation security, pathogen deactivation, shedding, pores and skin irritation and viral filtration effectivity. Upon full overview, the company validated that ZENGuard™-enhanced surgical masks are certainly protected for instant use by Canadians.
CEO Fenton commented, “Precisely one 12 months in the past immediately we introduced the scientific breakthrough associated to our antimicrobial coating – and now seeing proactive affirmation from Well being Canada that ZENGuard™-enhanced surgical masks are protected, we now have achieved a serious milestone for our firm and shareholders”
Fenton continued, “We’re able to deliver what we consider is a big differentiator within the PPE area to these in Canada’s highest threat environments. Wanting past our borders, the primary regulatory approval of our expertise to be used on surgical masks can be important as we proceed growing our worldwide development technique.”
Trebor Rx’s CEO George Irwin acknowledged, “A brand new stage of security and safety has been achieved by the approval of Trebor’s biocidal coated ZENGuard™ masks. Well being Care amenities can now supply a greater masks to combat towards airborne pathogens. It is a recreation changer within the PPE area, and we sit up for reaching out to well being care amenities with this new gold normal in masks safety.”
Trebor Rx Corp. is led by George Irwin and Brenda Elliott who’re well-known from their lengthy historical past with the Irwin Toy model. At current, Trebor Rx is extremely concerned in disrupting the PPE trade and is elevating the bar in setting a brand new normal of manufacturing for a lot wanted PPE objects comparable to face shields, masks and nitrile gloves. The agency is targeted on producing objects that ship better consolation at a extra economical value that creates much less medical waste. The corporate has manufacturing amenities in Collingwood, Ont. And Edmonton, Alta. The corporate goals to be a valued progressive PPE provider supporting the efforts of frontline healthcare and important employees.
ZEN Graphene Options was described within the report as “a nanotechnology firm growing and commercializing next-gen healthcare options within the areas of prevention, detection and remedy.” The agency is now concentrating its efforts on monetizing ZENGuardTM, which is a patent-pending coating that comprises 99% antimicrobial exercise. The ZENGuardTM coating gives safety towards COVID-19 and reveals potential to be used in different compounds and pharmaceutical merchandise for cover towards different infectious ailments.
ZEN Graphene Options has a market cap of round US$419.0 million with roughly 89.9 million shares excellent. ZENYF shares opened 3% larger immediately at $3.7953 (+$0.1107, +3.01%) over yesterday’s $3.6836 closing value and reached a brand new 52-week excessive value this afternoon of $4.2633. The inventory has traded immediately between $378.87 and $4.2633 per share and is at the moment buying and selling at $4.1941 (+$0.5099, +13.84%).
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