FendX Technologies Inc Stock Price, News & Analysis

FendX Technologies Inc. (CSE: FNDX, OTCQB: FDXTF) responded to a request from OTC Markets Group Inc. regarding recent promotional activities related to its common shares. On June 18, 2024, OTC Markets highlighted promotional content distributed by Spartan Trading Inc., an affiliate of Spark Newswire Inc., which FendX had engaged for investor relations and digital marketing services since May 9, 2024. FendX reviewed and commented on this content, which included factual statements about the company. FendX stated it is unaware of any unusual trading activity resulting from this promotion. Furthermore, FendX confirmed that neither its management nor the consultants have engaged in significant trading of the company’s securities in the past 90 days, except for Spartan, which transacted 55,000 shares. FendX reiterated that it is an early-stage issuer with growth objectives yet to be realized and advised investors to review its continuous disclosure filings for comprehensive risk disclosures.

FendX Technologies, a nanotechnology company specializing in surface protection coatings, has released a corporate update highlighting key milestones and future plans. CEO Dr. Carolyn Myers reported significant advancements in the development and commercialization of the company's REPELWRAP™ film. The automation of the manufacturing process is being optimized through pilot runs, with commercial production expected to begin by the end of 2024. Testing sites for the film include various high-traffic locations such as restaurants and care facilities. The company also announced progress in its medical catheter nano-coating project, which aims to reduce bacterial biofilms and blood clots, and a new spray nanotechnology formulation that's more scalable. Additionally, FendX raised over $2.86M through private placements and warrant exercises. The company continues to build its intellectual property portfolio and seeks further growth through partnerships and acquisitions. Future goals include completing the scale-up of REPELWRAP™, finalizing the spray formulation, and starting proof-of-concept studies for the catheter project.

FendX Technologies announced the initiation of real-world testing for its REPELWRAP™ film with New Vista Society, a non-profit dedicated to senior care and affordable housing. The film, designed for surface protection using nanotechnology, will undergo tests at New Vista's Burnaby, BC facility. The testing will include the application of REPELWRAP™ to high-touch surfaces to observe its repellent performance over four weeks. This marks FendX's fifth testing site, following successful pilot manufacturing runs with Dunmore International.

FendX Technologies announced that its nanotechnology product, REPELWRAP™ film, will be featured at the Infection Prevention and Control Canada (IPAC) conference on June 11, 2024. The company's post-doctoral fellow, Dr. Sara Moetakef Imani, will present on the film's capabilities in repelling drug-resistant bacteria and viruses, emphasizing its scalability and potential for enhancing safety in high-touch environments. The IPAC Canada conference provides a platform for highlighting advancements in infection control and public health safety. The film is currently in pilot manufacturing at Dunmore International Corp. for intermediate size real-world testing.

FendX Technologies, a nanotechnology company focused on surface protection coatings to reduce pathogen spread, has started trading on Germany's Tradegate Exchange under the ticker symbol 'E8D'.

This move aims to broaden its investor base and offer European investors easier access to its shares with low transaction costs. Dr. Carolyn Myers, President and CEO, expressed excitement about this development, which complements FendX's existing listings on the Frankfurt Stock Exchange.

Tradegate Exchange, 60% owned by Deutsche Börse AG, is a fully regulated platform facilitating the trading of over 10,000 securities globally.

FendX Technologies announced plans to conduct real-world testing of its REPELWRAP™ film with Draganfly, a leading drone solutions developer. This collaboration aims to test the film's repelling properties by covering parcel delivery boxes on Draganfly's heavy-lift drones exposed to environmental stresses. Testing results aim to confirm the film's performance, as previously seen in lab settings. Other testing sites include Giulietta, Island View Place Care, and El Mocambo. These diverse environments are expected to contribute valuable insights for the product's final design.

FendX Technologies will present its nanotechnology advancements at the 107th Canadian Chemistry Conference and Exhibition (CSC 2024) in Winnipeg, Manitoba, on June 6, 2024. Professor Tohid Didar from McMaster University will discuss FendX's REPELWRAP™ film and spray nanotechnology in a talk titled 'Nano-engineered interfaces for diagnostics, therapeutics, and infection control.' This event showcases Canadian chemistry research and innovation, providing a platform for FendX to highlight its progress in developing surface protection coatings for high-touch areas prone to contamination.

FendX Technologies announced a new development opportunity for its spray nanotechnology in collaboration with McMaster University. The technology combines surface protection with AI and colorimetric sensors to detect bacterial contamination. This formulation can achieve over 96% reliability in identifying bacteria on surfaces through a color change. The development is covered under existing agreements and requires no additional research funding. Dr. Carolyn Myers, CEO, highlighted the potential of this technology to complement existing projects and contribute to their goal of mitigating the spread of lethal pathogens.

FendX Technologies provides an update on its spray nano-coating development, nearing the completion of its formulation to facilitate a tech-transfer to nanoComposix for intermediate scale-up. The formulation work, in collaboration with McMaster University, has streamlined the production of nanoparticle suspension, now using an all-in-one suspension that is easier to scale and apply. Once finalized, nanoComposix will assess and produce larger batch sizes for further testing. The spray nano-coating, alongside REPELWRAP™ film, has shown significant effectiveness in reducing bacterial and viral adhesion, potentially minimizing surface contamination.