Looking for a Technology Partner for your project?
WE WORK WITH SOME OF THE TOP COMPANIES IN THE MINING, MEDICAL & LIFE SCIENCE INDUSTRIES.
Halifax, Nova Scotia – (July 22, 2020) – Sixth Wave Innovations Inc. (CSE:SIXW) (OTCQB:ATURF) (FSE:AHUH) (“Sixth Wave” or the “Company”) is pleased to provide an update on the development and deployment of its Affinity™ MIP technology which is being used in the Company’s Affinity™ Cannabis Extraction System (“Affinity™ System”).
Since commencing the development of the Affinity™ System, the Company has achieved a number of key milestones towards delivering an innovative purification solution to the cannabis market. The Affinity™ System uses the Company’s patent-pending Affinity™ Molecularly Imprinted Polymer (“MIP”) technology for the cannabis and hemp industry. The Company’s MIP technology uses formulations which are based on extensive research and development and various levels of bench-scale testing which has demonstrated a strong affinity for cannabinoids and a protocol by which they can be removed selectively and efficiently without modification of the cannabinoids or use of toxic chemicals. Current configurations of the Affinity™ Systems are capable of taking winterized and partially winterized crude cannabis oils and eliminating distillation and chromatography while still yielding high purity distillates and isolates. In addition, the Company is currently researching and developing additional formulations to completely eliminate the need for winterization using the Company’s Affinity™ System.
As the Company continues to navigate through the ongoing challenges of COVID-19 it is pleased to highlight the following achievements and developments:
“I am exceptionally pleased with the Company’s achievements over the first half of 2020”, noted Dr. Jonathan Gluckman, President & CEO of Sixth Wave, “The steps we have taken position us strongly to complete the commercialization and roll-out of our Affinity™ System. While COVID-19 has resulted in some delays due to travel restrictions, and contributed to the loss of our early testing partner, we are well positioned to deliver on our initial order of Affinity™ Systems in Q3 of this year. Furthermore, the Company has generated substantial interest worldwide and has received over 150 inquiries from cannabis and hemp producers for Affinity™ Systems to support processing capacities between 20kg and 1000kg of finished distillate per day.”
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 relevant for 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
ON BEHALF OF THE BOARD OF DIRECTORS
Jonathan Gluckman, Ph.D., President & CEO
For information, please contact the Company:
Phone: (801) 582-0559
E-mail: [email protected]
This press release includes certain statements that may be deemed “forward-looking statements,” including statements regarding the Affinity™ System scale-up, performance, and commencement of full-scale production. All statements in this release, other than statements of historical facts, that address future events or developments that the Company expects, are forward-looking statements. Although the Company 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™ System performance may not be maintained at production level, that anticipated cost savings and performance levels relative to competing technologies may not be realized, that other technologies with better performance or costs may be developed by competitors, or that the regulatory regime related to cannabis and hemp, which has evolved rapidly, may change in a manner adverse to the Company’s business, and other risks detailed in the Company’s filing statement available at www.sedar.com, which may cause the Company’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.