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Manganese X Energy Corp
Symbol MN
Shares Issued 100,033,990
Close 2020-11-16 C$ 0.29
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Manganese X to acquire 50% in PureBiotics

2020-11-16 07:30 ET - News Release

Mr. Martin Kepman reports

MANGANESE X SUBSIDIARY SIGNS DEFINITIVE AGREEMENT FOR USA PATENTED PUREBIOTICS HVAC DELIVERY SYSTEM FOR VIRUS AND BACTERIA MITIGATION

Disruptive Battery Corp. (DBC), a wholly owned subsidiary of Manganese X Energy Corp., has executed a definitive agreement with PureBiotics to acquire a 50-per-cent equity stake in PureBiotics, an environmental air quality control company. The manufactured product will be a U.S.-based air quality control delivery system. The environmental air solution will incorporate the company's U.S. patented disinfection apparatus system, designed to circulate air disinfection agents (ADAs) through a building's HVAC (heating, ventilation and air conditioning) distribution system, as well as provide PureBiotics proprietary proven safe and effective biological solutions for air and surface environmental control for healthier homes and buildings.

Martin Kepman, chief executive officer, comments: "Putting together this JV was a process. Investors have to understand that our HVAC and related air solution is a massive contemplation given the current cycle of human society. Pandemic management and defence is the order of the day and our goal is to get society mobilized again in such a way as to reduce both fear and risk of breathing air in a contained environment. We believe our air management solution is not only relevant but necessary. Further, from a business perspective, we see a scalable product with extreme distribution potential."

According to the Centers for Disease Control and Prevention, some infections can be spread by exposure to virus in small droplets and particles that can linger in the air for minutes to hours. These viruses may be able to infect people who are farther than six feet away from the person who is infected or after that person has left the space.

The prime objective of this JV is to provide solutions to the health care risks associated with the air quality in homes and businesses, including lowering the risk of infections, as well as allergens, contaminants and odours. The modus operandi will be combining PureBiotics existing product lines and technologies with DBC's U.S. patent and other resources of Manganese X.

Phase 1 will initiate immediately with the formation of a Newco, which will be based in Orlando, Fla. In parallel, the company is in final negotiations for a protocols based testing arrangement with a recognized U.S.-based university. The purpose of the regulated testing will be to validate both the company's patented HVAC air quality control delivery system in combination with a PureBiotics air mist for virus and bacteria mitigation. Another objective is to improve and upgrade the company's U.S. patented HVAC air quality control delivery system for U.S. manufacturing and distribution.

Testing and validation will be under the guidance of Lino Morris, the CEO of PureBiotics, who has significant relationships with well-known U.S. universities with laboratories acceptable to the Food and Drug Administration, Environmental Protection Agency, U.S. Department of Agriculture and other government regulatory agencies.

Manganese X Energy's mission is to expand its existing high-potential manganese mining holdings with additional sites located in North America, with the intent of supplying value-added materials to the lithium ion battery and other alternative energy industries. In addition, the company is striving to achieve new methodologies emanating from environmentally and geographically ethical and friendly green/zero emissions technologies, while processing manganese at a lower competitive cost.

We seek Safe Harbor.

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