Coronavirus has shut down business around the world, with the development of these products it will enable offices and public spaces that are confined to be rehabilitated and utilized as virus free.
BEVERLY HILLS, Calif., April 20, 2020 (GLOBE NEWSWIRE) -- W TECHNOLOGIES ACQUIRED AN LOI TO DISTRIBUTE MEDICAL DEVICES WITH GLOBAL RIGHTS OF THE TECHNOLOGY DEVELOPED AND DESIGNED OVER THE LAST 16 YEARS TO REMOVE VIRUSES (www.viroxxmedical.com).
W Technologies Inc. has entered an assignment of a binding letter of intent (LOI) for the exclusive and global rights to a proprietary technology designed to remove viruses. W Technologies is not making any expressed or implied claims that the technology has the ability to remove the SARS-CoV-2 virus (also known as the Coronavirus) other than as warranted by the German company.
The terms of the LOI are as follows:
Mikael Lundgren, W Technologies chairman, stated: "The global COVID-19 pandemic caused by the SARS- CoV-2 (COVID-19) virus is an emergency situation that requires immediate attention by leveraging and exploring every opportunity presented to combat and arrest the spread of this new virus."
The German company claims "to have developed this unit for over 16 years and with the assistance of the University of Marburg's testing facilities they have proven that active viruses are removed from the air and destroyed in confined spaces." This statement has not been independently verified.
About W Technologies Inc. (WTCG - Pink)
W Technologies is an investment company that seeks to enhance shareholder value over the long term by opportunistically making various investments in manufacturing and production facilities.
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