Manganese X Signs Definitive Agreement to Acquire US Patent for Air Disinfection, Sterilization and Deodorization
Manganese X Signs Definitive Agreement to Acquire US
Patent for Air Disinfection, Sterilization and
Deodorization
Montréal, Québec--(Newsfile Corp. - May 5, 2020) -
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE:
9SC2) (OTC Pink: SNCGF) ("Manganese X"
or the
"Company")
is pleased to confirm that further to the Company's new
release dated April 30
th
, 2020,
it has acquired a US patent for a system and method for air
quality
disinfection, sterilization and
deodorization
by way of a definitive agreement.
Additional tests were conducted on an 11 story apartment complex in the
Toronto area treating extensive airborne bacillus bacteria as well as
bacillus
and E.coli bacteria on the
surface. In both cases
bacteria levels were TNTC or Too Numerous To Count. Laboratory results show no bacillus counts in the air with only a few
bacteria counts on the surface which indicates very encouraging results.
The acquisition of this patent will add new technology to our Disruptive Battery Corp. subsidiary.
It is intended Disruptive Battery Corp. will work in partnership with universities, chemical labs and global HVAC companies and
Experts in the field of environmental science.
The terms of the transaction were 1.5 million shares plus a 2% royalty.
Disruptive Battery Corp. has the option to repurchase 1/2 of the royalty for the sum of $250,000.
Further, the company sees this as an opportunity to potentially cross sell grid energy storage as we will be dealing with
companies that are involved with commercial and industrial building applications.
The company is currently in discussions with a Canadian University for a battery research program as well as ongoing
discussions with two manganese themed battery companies looking to disrupt the industrial and commercial segment utilizing a
grid storage methodology.
Martin Kepman, CEO of Manganese X, comments, "This patent was brought to us and because of timeliness and sheer
relevance it was an opportunity we decided to pursue after exhaustive research. This system and method is a green, cleantech
solution. While it is not obviously ore related or battery related, it does represent technology that is globally scalable. Our agenda
as a public company is to leave no stone unturned in our pursuit at optimizing shareholder value. The company remains very
much engaged in ore purification for the battery sector as well as continuing dialogue for battery research participation and
equity ownership. We have great shareholders and our fiduciary obligation is to look for ways to enhance a return on
investment."
The agreement is subject to acceptance and approval by the TSX Venture Exchange. All shares issued pursuant to the
agreement shall be subject to a four-month-and-one-day hold period.
MANGANESE X ENERGY CORP.
Martin Kepman
CEO and Director
Email:
Tel: 1-514-802-1814
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" including statements with respect to the future exploration
performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements of the Company, expressed or implied by such forward-looking statements.
These risks, as well as others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review
prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as
of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any
forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be
accurate and the reader is cautioned not to place undue reliance on such forward-looking information. We seek safe harbor.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/55386