FNDX is in a US$3.5B market by 2025 The need for a more effective solution to reduce the rate of infection and the spread of germs, bacteria, viruses and pathogens is clear when taking the events of the past 3 years into consideration.
In preventing the spread of COVID and other diseases, FendX Technologies (FNDX.c) has a unique opportunity to take advantage of as the surface coating market is estimated to hit US$3.5 billion by 2025, growing from US$1.3 billion in 2020 at an 18% CAGR.
On a clear path to commercialization, FNDX is addressing this issue with its RepelWrap, a first-of-its-kind coating product with patent-pending and proprietary technology with unique repelling properties that prevent the adhesion of pathogens, bacteria and viruses, reducing their transmission on surfaces prone to contamination.
Notably, FNDX engaged Dunmore for the scale-up development of its RepelWrap, an important milestone as it's the first step to assessing and creating an automated manufacturing process, positioning FNDX for significant revenue generation once in commercial production which is expected in 2024.
By leveraging its robust patent portfolio and nanotechnology, FNDX additionally plans to research and develop a pipeline of other products to contribute to the global effort to reduce the spread of pathogens.
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Posted on behalf of FendX Technologies Inc.