09:21:27 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Sixth Wave Innovations Inc (2)
Symbol SIXW
Shares Issued 19,582,496
Close 2023-09-21 C$ 0.075
Market Cap C$ 1,468,687
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Sixth Wave receives two patents for MIPs

2023-09-22 14:05 ET - News Release

Dr. Jonathan Gluckman reports

SIXTH WAVE INNOVATIONS INC. ADDS TWO 'MIP'S PATENTS FOR METALS EXTRACTION AND PURIFICATION INCLUDING LITHIUM AND SCANDIUM

Sixth Wave Innovations Inc. has been granted two additional patents for its molecular imprinted polymers (MIPs) for mining applications. The first was by the Uzbekistani patent office, for a molecularly imprinted polymer for the extraction of lithium, mercury and scandium. The second patent was granted by the Canadian patent office was for the company's unique method of metal extraction and purification using molecularly imprinted polymers. Molecularly imprinted polymers selectively bind to specific target molecules in manufacturing and other processes, allowing for extraction and purification of the target molecule in the presence of other molecules that are not desirable. MIPS are the foundation of the IXOS product line.

World markets continue to make significant investments in secure domestic supplies of critical metals to meet the global drive to transition to electrification and sustainable power generation. Clean, efficient metal processing technology must keep up with this transition while upholding the ESG (environmental, social and governance) guidelines of the Western economy. Sixth Wave's IXOS technology delivers these characteristics by reducing use of dangerous and toxic chemicals, reducing energy requirements, and increasing yield, providing robust economic advantages.

"Patents remain a vital part of the company's strategy and value. Issuance of these patents reinforces Sixth Wave's position as a leader of technology innovation in mining and metals recycling markets," said Dr. Gluckman, president and chief executive officer of Sixth Wave.

Sixth Wave believes there are significant revenue opportunities for the company's MIPS for metals purification currently sold under the IXOS brand name. This technology enables the delivery of efficient, scalable, environmentally friendly and lower-cost solutions to the company's mining customers.

About Sixth Wave Innovations Inc.

Sixth Wave is a development-stage nanotechnology company with patented technologies that focus on extraction and detection of target substances at the molecular level using highly specialized molecularly imprinted polymers. The company is in the process of commercializing its Affinity cannabinoid purification system, as well as IXOS, a line of extraction polymers for the gold mining industry. Sixth Wave can design, develop and commercialize MIP solutions across a broad spectrum of industries. The company is focused on nanotechnology architectures that are highly relevant for detection and separation of viruses, biogenic amines and other pathogens, for which the company has products at various stages of development.

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