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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2021-05-13 C$ 27.74
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Flurotech, SNC-Lavalin sign MoU for COVID test

2021-05-13 10:11 ET - News Release

See News Release (C-TEST) Flurotech Ltd

Mr. Danny Dalla-Longa reports

FLUROTEST AND SNC-LAVALIN SIGN MOU TO BRING SALIVA SAMPLE-BASED SARS-COV-2 TESTING SOLUTION SYSTEM TO MARKET IN CANADA AND BEYOND

Flurotech Ltd. and wholly owned subsidiary FluroTest Diagnostics Systems Ltd. have signed a strategic memorandum of understanding dated May 6, 2021, with SNC-Lavalin Group Inc. to support predeployment, commercialization and operations phases of FluroTest's high-volume COVID-19 rapid antigen test platform.

Under the terms of the MoU, SNC-Lavalin will provide support to FluroTest in its mandate to bring its rapid antigen testing system to market by providing services during regulatory submission, grant application, business development, robotics/skid design and assembly, room design/build, site installation, commissioning and validation, as well as program and project management. SNC-Lavalin may continue thereafter executing site operations and support of the platform. FluroTest will provide all necessary technical information and support. Both parties will work together to deliver FluroTest's solution. The MoU term is for one year and does not contemplate any financial considerations.

FluroTest's high-volume antigen system is designed to facilitate very fast and accurate point of access testing of individuals by leveraging the disciplines of robotics automation, biochemistry, fluorescence detection and cloud computing. High-risk pandemic environments supported will include athletic stadiums and performance venues, airline and cruise ship terminals, corporate campuses, manufacturing facilities, schools and colleges, hospitals and large health care facilities, transportation and distribution hubs, and other large businesses. The company is presently engaged in clinical trials and plans submissions for emergency-use authorization from the U.S. Food and Drug Administration and from Health Canada for an interim order authorization.

"We are proud to support FluroTest in the deployment of their innovative solution to help stop the spread of COVID-19 and improve the health of our communities by leveraging SNC-Lavalin's markets and global expertise," said Normand Dubuc, vice-president, general manager, industrial solutions, at SNC-Lavalin. "We appreciate FluroTest's dedication to provide this affordable, adaptable and portable solution as an important step in providing individuals with the information they need to get back to leading a full and healthy life."

The life sciences group of SNC-Lavalin has been designing and delivering pharmaceutical, biotech, and medical device research and production facilities around the world for over 30 years. Its highly skilled team dedicated to this regulatory environment offers end-to-end services from design to construction with validation and quality assurance. It has delivered production sites in fast-track mode and supported operations for some of the biggest names in pharma while accompanying innovative start-ups through their journey to commercial manufacturing.

"Partnering with an established company like SNC-Lavalin will help us expedite commercialization, access vast supply chain expertise and help establish the FluroTest pandemic defence platform as the preferred point of access testing solution," said Bill Phelan, chief executive officer of FluroTest. "As Canada and the U.S. ramp up testing to serve vulnerable populations, we look forward to working with a professional services group known for creative solutions as we jointly deliver trusted point of access testing for unpredictable times."

Readers are cautioned that, although FluroTest has achieved a proof-of-concept prototype, the testing method and device is still in the preapproval stage and, accordingly, FluroTest is not currently making any express or implied claims that the technology can, or will be able to, accurately detect the COVID-19 virus.

About Flurotech Ltd.

The goal of Flurotech's research and technology is to develop detection methods which are high-speed, sensitive, specific and easy to use. By combining Flurotech's proprietary spectroscopy-based technology with laboratory robotics automation and cloud computing, Flurotech, through the application of its technology and investment in FluroTest Diagnostics Systems Ltd., the interests in which have been disclosed in previous press releases, has created a unique solution addressing the current and future pandemics. Using technology that was first developed at the University of Calgary, the FluroTest SARS-CoV-2 test is designed to identify patients with active virus infection; this is not necessarily the case for most of the currently approved tests that are meant to identify patients with SARS-CoV-2 nucleic acid.

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