With increased awareness of the need to prevent the spread of pathogens due to the pandemic, the surface coating market is expected to grow to US$3.5 billion by 2025 from $1.3 billion in 2020, presenting significant market potential. FendX Technologies (Ticker: FNDX.c) provides promising and unique solutions to the surface coating market.
FNDX's proprietary nanotechnology is highly effective at reducing the spread of viruses and bacteria, with their main product, REPELWRAP™, being an innovative coating that repels pathogens upon contact.
REPELWRAP™ film is the Company's first product under development. It is a protective surface coating film that can be adhered to almost any surface to repel bacteria and viruses, thus reducing their transmission on surfaces prone to contamination. Due to its versatility, REPELWRAP™ film is expected to be valuable in a range of industries, particularly in healthcare settings.
Next year, FNDX intends to introduce RepelWrap Film to the Canadian market. With this in mind, FNDX recently signed a development stage agreement with Dunmore International Corp. to use their engineering expertise to scale up REPELWRAP™ film for testing.
This marks an important milestone for FNDX as it moves towards creating larger prototypes of the film and assessing an automated manufacturing process.
FendX is committed to further developing and testing REPELWRAP™ film with the aim of commercialization, and also plans to research and develop other products to contribute to global efforts in reducing the spread of pathogens, utilizing its robust patent portfolio and nanotechnology.
Learn more about this development and FNDX's other recent news here: https://fendxtech.com/press-releases/ Posted on behalf of FendX Technologies Inc.