As the pandemic continues to challenge the market, Argus will discuss their forecast for 2022 on Tuesday, December 14th at 2 pm Eastern Time.
Halifax, Nova Scotia-(Newsfile Corp.-December 13, 2021)-Sixth Wave Innovations Inc. (CSE: SIXW) (OTCQB: SIXWF) (FSE: Based on its detection that caused the Covid-19 virus AHUH) ("Sixth Wave" or "Company") is working hard to commercialize its technology and promote the prospect of a widely available Covid test that can quickly, accurately, and cheaply detect viruses and The existence of its mutation.
Sixth Wave has used its completely independent intellectual property rights in molecularly imprinted polymer technology to develop its patent-pending accelerated molecularly imprinted polymer ("AMIPs™") platform, which provides virus detection and can be deployed on a large number of devices and without services With current technology in the new environment.
Business partners seeking to use AMIPs™ technology in personal and environmental equipment have approached Sixth Wave. For personal testing, AMIPs™ can be deployed in a simple kit to provide quick and accurate diagnosis through saliva instead of a nasal swab, or from a handheld breath analyzer that can be used multiple times by the same user to achieve a simpler and more Cheap, less wasteful testing.
Other potential partners have expressed interest in the faster time-to-market opportunity of using Sixth Wave technology to monitor indoor air and water viruses. Deploying AMIPs™ in sensors or other devices will provide real-time alerts to alert the Covid virus in enclosed spaces, from homes, offices and school classrooms to entertainment venues, airplanes and cruise ships.
As Covid infection continues to rise worldwide, finding ways to detect people and the environment in an affordable, easy and reliable way has become an important tool to alleviate the economic and social consequences of the disease.
Sixth Wave's technology overcomes the problems of current Covid-19 testing methods that require the use of biological materials (antibodies) to detect viruses. PCR testing is expensive, usually requires unpleasant nasal swabs, and relies on laboratory analysis to return results. Rapid antigen testing is faster, but the accuracy is much lower. As the virus mutates, its effectiveness will decrease.
Sixth Wave brings a comprehensive solution to these shortcomings. The company worked with researchers from the world-renowned Li Ka-shing Institute of Virology at the University of Alberta to study the live SARS-CoV-2 virus and proved that AMIPs™ capture the presence of the virus that causes Covid with a sensitivity similar to traditional antigen testing.
It is worth noting that AMIPs™ continue to prove that it can detect the SARS-CoV-2 virus variant that causes Covid-19. Once virus samples are available, similar tests will begin on the highly spread Omicron variant.
AMIPs™ laboratory research results have been verified by the Li Ka-shing Institute of Virology, and the company has applied for three patents related to AMIPs™ technology.
Test Covid's closed environment
Sixth Wave has developed an environmental application of AMIPs™ in collaboration with researchers at York University. Unlike diagnostic tests, it can be deployed without regulatory approval. York researchers have verified the electrochemical and fluorescent detection methods of this technology.
This development process provides a quick way to market to generate revenue. Potential business partners seeking to deploy AMIP™ in sensors to monitor the presence of viruses in closed environments have been exposed to Sixth Wave. From stadiums to theaters, from office buildings to schools and hospitals, real-time testing is very necessary to remind people of the increased risk of disease.
In cooperation with equipment manufacturing partners, the company can prepare products based on AMIPs™ for on-site testing under suitable conditions within six months.
Sixth Wave has taken a methodical approach to showcase the clinical progress of AMIPs™, with the goal of creating marketable products that can be used in personal health care and environmental monitoring.
Following this strategic path, the company will continue to work with researchers from the Li Ka-shing Institute to use saliva samples and live viruses to verify that its test results match or exceed the results of the antigen test. It hopes to complete this work in the second quarter of 2022 and submit the results and AMIPS to a third party for verification.
The company is now working with four potential partners to commercialize the AMIPs™ platform. Some test suite designs will be carried out under the SIXW AMIPs™ brand or under license. They include:
-Incorporating AMIPs™ into the test kit, similar to the current antigen test, but with significant cost savings and higher ease of use (the company has already contacted potential manufacturing partners on this method).
-Continue to work on electronic testing for simple hand-held breath testers with replaceable filter elements containing AMIPs™ sensors, or for testing that can be combined with wireless or Bluetooth functions to share data. The same user can use the breath analyzer multiple times to further reduce costs.
-Continue to develop the SmartMask™ concept using AMIPs™ with almost ubiquitous application potential.
-Sixth Wave will accelerate cooperation with potential manufacturing partners to advance the environmental monitoring application of AMIPs™ technology. The company is ready to produce sensors for pathogen detection and integrate them into air and water treatment systems to monitor viral pathogens. The company and York University have submitted additional grant applications to continue to supplement this work.
The company will also begin more comprehensive selective testing of other respiratory viruses and bacteria. The test will begin in January 2022.
"We are very satisfied with the progress so far," said Dr. Jonathan Gluckman, President and CEO of Sixth Wave. "The accelerated timeline of this achievement proves the underlying technology platform that we have developed over the years. We believe that our progress in commercialization is the foundation and will facilitate the use of the AMIPS platform to provide a variety of future virus detection products."
Currently, the company does not explicitly or implicitly claim that its current AMIPs™ products can eliminate, cure, contain or detect COVID-19 (or SARS-2 coronavirus) at a commercial level. Currently, no agreement has been signed with potential business partners.
Sixth Wave is a patented nanotechnology company that focuses on the use of highly specialized molecularly imprinted polymers (MIP) to extract and detect target substances at the molecular level. The company is commercially launching its Affinity™ cannabinoid purification system, and IXOS®, a series of extraction polymers used in the gold mining industry. The company is in the development phase of rapid virus diagnostic tests under the Accelerated MIPs (AMIPs™) label.
Sixth Wave can design, develop and commercialize MIP solutions in a wide range of industries. The company focuses on nanotechnology architectures that are highly related to the detection and separation of viruses, biogenic amines and other pathogens. The company has products in different stages of development.
For more information about the sixth wave, please visit our website: www.sixthwave.com.
On behalf of the board of directors "Jonathan Gluckman" Dr. Jonathan Gluckman, President and Chief Executive Officer
For more information, please contact our company: Tel: (801) 582-0559 Email: info@sixthwave.com
This press release includes certain statements that may be considered "forward-looking statements," including statements about the intended use of revenue and the technical performance of AMIPs™. Except for statements of historical facts, all statements in this press release that involve the company's anticipated future events or developments are forward-looking statements. Although the company believes that 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 the forward-looking statements. Such forward-looking statements inevitably involve known and unknown risks and uncertainties, which may cause the company's actual performance and financial performance in future periods to be materially different from any future performance or performance projections expressed or implied by such forward-looking statements. In particular, the successful development and commercialization of AMIPs™ technology is affected by the risks that AMIPs™ technology may not be effective or impossible to successfully detect viral targets, the uncertainty of medical product development, the uncertainty of time or availability. Regulatory approvals, lack of tracking records for the development of medical application products, and the need for additional funds to carry out product development activities. If the patent is not granted, the value of any product that is eventually developed may be negatively affected. The company has not yet completed the prototype development of the product subject to its patent application, and has not yet applied to any regulatory agency for regulatory approval to use the product. Although the company has contacted potential partners regarding the deployment of AMIP, it has not yet signed any agreement and is uncertain whether it will be implemented in the future.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107469
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