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An announcement from FendX Technologies, Inc. ( (TSE:FNDX) ) is now available.
FendX Technologies Inc. has entered into an exclusive supply and IP license agreement with US BioSolutions, aiming to produce a line of eco-friendly sponge products. These sponges, branded under the trademark BioFoam®, are designed to be a sustainable alternative to traditional sponges, offering features such as washability, reusability, biodegradability, and resistance to bacterial growth. The agreements also provide FendX with access to pending patents for pathogen remediation and potential wound care applications, enhancing its product and IP portfolio. This strategic move positions FendX to capture a significant share of the growing North American household cleaner sponge market, valued at US$1.96 billion in 2024 and projected to reach US$2.92 billion by 2033.
More about FendX Technologies, Inc.
FendX Technologies Inc. is a nanotechnology company focused on developing surface protection products. The company is engaged in creating eco-friendly solutions for consumer, retail, and commercial cleaning markets, with a strong emphasis on sustainability and pathogen remediation.
YTD Price Performance: -41.18%
Average Trading Volume: 84,656
Technical Sentiment Signal: Buy
For an in-depth examination of FNDX stock, go to TipRanks’ Stock Analysis page.