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Fendx Technologies Inc
Symbol FNDX
Shares Issued 69,931,093
Close 2024-05-02 C$ 0.37
Market Cap C$ 25,874,504
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Fendx to conduct Repelwrap tests at Toronto restaurant

2024-05-03 09:42 ET - News Release

Dr. Carolyn Myers reports

FENDX ANNOUNCES FIRST REAL-WORLD PERFORMANCE TESTING SITE FOR REPELWRAP(TM) FILM AT AWARD WINNING GIULIETTA RESTAURANT

Fendx Technologies Inc. is preparing to conduct real-world testing and assessment of the repelling properties of Repelwrap film at Giulietta, an award winning and Michelin-Guide-recommended Italian fine dining restaurant located in downtown Toronto, Ont.

Fendx is currently engaged with Dunmore International Inc., to conduct pilot test runs on its commercial manufacturing line to optimize the manufacturing process to create films for testing in real-world settings. After successful completion of optimizing the manufacturing process, Fendx intends to conduct real-world testing at the high-end restaurant Giulietta to assess performance of Repelwrap film on high touch surfaces in the restaurant, pursuant to a previously signed letter of intent. Testing will entail applying Repelwrap film to high touch surfaces and assessing their performance over a four-week time frame. Fendx expects the results obtained will confirm the film maintains its repelling properties as demonstrated in McMaster University's lab.

David Minicucci, co-owner of Giulietta and Osteria Giulia restaurants, states, "We are excited to be participating in Fendx's pilot testing of their film to help protect surfaces and keep people safer."

Dr. Carolyn Myers, chief executive officer of Fendx, states, "We are pleased with the advancements made to optimize Repelwrap film at Dunmore and are excited to be preparing to conduct real-world testing at Giulietta." Dr. Myers continues, "Our intention is to announce additional test sites in various industries to conduct real-world testing, and these additional results, together with the findings from Giulietta, should provide us with robust data on the performance of Repelwrap film that should contribute to the final product design and allow us to move to commercial production."

About Repelwrap film

Repelwrap film is the company's lead product in development and is a protective surface coating film that leverages the company's award-winning nanotechnology. Repelwrap film has demonstrated unique repelling properties that reduce adhesion of pathogens, bacteria and viruses by more than 98 per cent, reducing their transmission on surfaces prone to contamination. The company believes Repelwrap film will have applications in health care settings and other industries.

About Fendx Technologies Inc.

Fendx is a Canada-based nanotechnology company focused on developing products to make people's lives safer by reducing the spread of pathogens. The company is developing both film and spray products to protect surfaces from contamination. The lead product under development, Repelwrap film, is a protective surface coating film that, due to its repelling properties, prevents the adhesion of pathogens and reduces their transmission on surfaces prone to contamination. The spray nanotechnology is a bifunctional spray coating being developed to reduce contamination on surfaces by repelling and killing pathogens. The company is conducting research and development activities using its nanotechnology in collaboration with industry-leading partners, including McMaster University. The company has an exclusive worldwide licence to its technology and IP (intellectual property) portfolio from McMaster, which encompasses both film and spray coating nanotechnology formulations.

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