Sixth Wave Signs Equipment Supplier Collaboration Agreement
Halifax, Nova Scotia – (June 9, 2020) – Sixth Wave Innovations Inc. (CSE: SIXW) (OTC Pink: ATURF) (FSE:AHUH) (“Sixth Wave” or the “Company“) is pleased to announce the execution of a Collaboration Supply Agreement (the “Supply Agreement“) on June 5, 2020 between Sixth Wave and PuriTech, LLC (“PuriTech“).
Under the terms of the Supply Agreement, PuriTech will assist in the manufacturing of Sixth Wave’s Affinity™ Units by contributing PuriTech’s patented ION-IX system. ION-IX uses a single, multi-port distribution valve to create an optimized process system for continuous, countercurrent ion exchange. PuriTech’s ION-IX system has been used in water treatment, hydrometallurgy, sugar treatment, recovery of chemicals and a wide variety of ion exchange applications where very low waste or the recovery of high-value components is required. Equipment purchased under the Supply Agreement will adhere to EU-GMP and US/Canadian – GMP compliance standards allowing Sixth Wave to provide a compliance package to its customers to obtain their own certifications. Sixth Wave will leverage the baseline operating specifications and capabilities of the ION-IX to optimize the use of Sixth Wave’s patent pending molecularly imprinted polymer technology for the isolation and separation of cannabinoids. The resulting equipment and Affinity™ adsorbent will comprise the Affinity™ System.
PuriTech also has the ability to design and develop bespoke system applications based on the data already obtained from Sixth Wave’s existing Affinity™ Units. As Sixth Wave begins to scale up it’s manufacturing to meet customer demand, the Supply Agreement will accelerate the design, installation, commissioning, and optimization of the Affinity™ Unit’s in a variety of sizes and/or custom designs.
Pursuant to the terms of the Supply Agreement, PuriTech has also agreed to assist in the distribution and marketing of the Affinity™ Units. Sixth Wave will also collaborate with PuriTech for the testing and development of any new technology applications developed by Sixth Wave.
“This agreement with PuriTech will allow Sixth Wave to accelerate the manufacturing of the Affinity™ Units to meet the unparalleled current and prospective customer demand” stated Dr. Jonathan Gluckman, CEO of Sixth Wave. “PuriTech’s well-reputed history for delivering the highest quality equipment complements the advanced technology of the Affinity™ System.”
About Sixth Wave
Sixth Wave is a development stage nanotechnology company with patented technologies that focus on extraction and detection of target substances at the molecular level using highly specialized molecularly imprinted polymers (MIPs). The Company is in the process of commercializing its Affinity™ cannabinoid purification system, as well as, IXOS®, a line of extraction polymers for the gold mining industry.
Sixth Wave can design, develop, and commercialize MIP solutions across a broad spectrum of industries. The Company is focused on nanotechnology architectures that are highly amenable to the detection and separation of viruses, biogenic amines, and other pathogens, for which the Company has products at various stages of development.
For more information about Sixth Wave, please visit our web site at: www.sixthwave.com
PuriTech was founded in 1996 and has specialized in providing process engineering, design, procurement and project management expertise to a diverse range of industries. PuriTech has focused on liquid treatment installations incorporating ion exchange technology utilizing PuriTech’s patented and revolutionary ION-IX system. PuriTech’s equipment is used for a range of separation applications, including water treatment, metal recovery, and in the food & chemical industry, with installation’s deployed throughout Europe, Latin America, Asia and the USA.
ON BEHALF OF THE BOARD OF DIRECTORS
Jonathan Gluckman, Ph.D., President & CEO
For information, please contact the Company:
Phone: (801) 582-0559
This press release includes certain statements that may be deemed “forward-looking statements,” including statements regarding the potential development and sale of Affinity™ units and potential future applications of the technology of Sixth Wave and PuriTech. All statements in this release, other than statements of historical facts, that address future events or developments that Sixth Wave expects, are forward-looking statements. Although Sixth Wave believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual events or developments may differ materially from those in forward-looking statements. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, including the risks that Affinity™ Unit performance may not be at a sufficiently high level, or that the regulatory regime related to cannabis and hemp, which has evolved rapidly, may change in a manner adverse to the Sixth Wave’s business, the need to reach terms with PuriTech on a project by project basisand other risks detailed in Sixth Wave’s filing statement available at www.sedar.com, which may cause Sixth Wave’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.