The demand for products that can prevent the spread of disease has increased significantly due to the COVID-19 pandemic. FendX Technologies (Ticker: FNDX.c) is a newly listed company that offers a promising and unique solution in this field.
FNDX creates coating products that can effectively reduce the spread of pathogens. Its flagship product, RepelWrap, is an innovative coating that repels viruses and bacteria upon contact.
FNDX is currently focused on developing and commercializing its RepelWrap Film product. This film can be applied to various surfaces to make them pathogen-resistant. Due to its versatility, RepelWrap Film is expected to be useful in a plethora of settings, from hospitals to high-trafficked public areas.
FNDX plans to launch RepelWrap in Canada next year. FNDX is also working on developing other RepelWrap products, such as catheter coatings and various formulations, which it plans to release following the RepelWrap film launch.
FNDX is positioning itself to seize a significant portion of the surface coating market, which is predicted to increase at an 18% CAGR to US$3.5 billion by 2025.
Shares of FNDX have traded in the low .40's this week, up 22% up from its IPO the last week.
For more information check out FNDX's factsheet here: https://fendxtech.com/wp-content/uploads/2023/03/FendX_Factsheet_March29a.pdf
Posted on behalf of FendX Technologies Inc