Guelph, ON
Zentek Ltd. (“ZEN” or the “Company”) (TSX-V:ZEN and OTC:ZENYF), a Canadian, IP development and commercialization company focused on next-gen healthcare solutions, today announces it has been issued a Medical Device Establishment License (“MDEL”) from Health Canada (license number 18823) for the manufacture and distribution of class one medical devices. This will allow the Company to begin working with other manufacturers and distributors – in addition to Trebor Rx Corp. – to bring surgical masks and potentially other personal protective equipment (“PPE”) enhanced with the Company’s proprietary ZENGuardTM antimicrobial coating to the Canadian market.
The MDEL allows the Company to begin producing and selling its own PPE products coated with ZENGuardTM antimicrobial coating. The Company intends to engage third party manufacturers that will manufacture PPE, made with ZENGuardTM-coated material, for the Company to sell, rather than developing its own PPE manufacturing capability.
“This is a foundational milestone that paves the way for us to partner with manufacturers and distributors around the world to produce and sell medical devices in Canada, beginning with PPE. Importantly, our MDEL is a catalyst that allows us to immediately work with PPE manufacturers and distributors to produce and sell any class one medical device in Canada, including ZENGuard™-enhanced surgical masks, disposable gowns, shoe coverings, hair caps and other products that will benefit from our antimicrobial technology. Infection control is paramount for our healthcare industry and society as whole – and we will continue to explore all options and work diligently with our partners to bring ZENGuard™-enhanced PPE to those in our highest risk environments in Canada and around the world as quickly as possible,” commented Greg Fenton, Zentek CEO.
The MDEL gives the Company the potential to work with many medical device partners both within and outside Canada. Also, with the current MDEL, Health Canada has authorized ZEN to manufacture and distribute the ZenGuard™ antimicrobial surgical masks even after Interim Order No. 2 - # 329587 expires.
About Zentek Ltd.
Zentek is an ISO 13485‑certified intellectual property development and commercialization company that builds and advances distinct brands in filtration, biosciences and critical minerals using graphene‑based nanomaterials and aptamer technologies.
Zentek's ZenGUARD™ production facility is located in Guelph, Ontario.
To find out more about Zentek, please visit www.zentek.com. A copy of this news release and other material documents in respect of the Company may be obtained on Zentek's SEDAR+ profile at www.sedarplus.ca.
Forward-Looking Statements
This news release contains forward‑looking statements. Since forward‑looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward‑looking statements. Such risks and uncertainties include, but are not limited to, operational risks in exploration, development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainties involved in the discovery and delineation of mineral deposits, resources or reserves; the uncertainty of resource and reserve estimates and the ability to economically exploit resources and reserves; the uncertainty of estimates and projections in relation to production, costs and expenses; the uncertainty surrounding the ability of the Company to obtain all permits, consents or authorizations required for its operations and activities; market and regulatory risks; and health, safety and environmental risks. Although Zentek believes that the assumptions and factors used in preparing the forward‑looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zentek disclaims any intention or obligation to update or revise any forward‑looking information, whether as a result of new information, future events or otherwise, other than as required by law. Further studies, financing, permits and approvals would be required before a production decision Neither the 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.