2022-07-14 | CSE:SIXW | Press Release
RisePEI, Nova Scotia–(Newsfile Corp. – July 14, 2022) – Sixth Wave Improvements Inc. (CSE: SIXW) (OTCQB: SIXWF) (FSE: AHUH) (“Sixth Wave“, “SIXW” or the “Firm“) is happy to report that Superior Extraction Programs Inc. (“AESI”) has entered right into a non-binding Letter of Settlement with Hakken Capital Corp. (“Hakken”) that can mix enterprise operations in a reverse takeover sort transaction (the “Transaction”). The precise phrases of the Transaction have been launched by the events below separate disclosure. Hyperlink: https://www.stockwatch.com/News/Item/Z-C!HAKK-3277752/C/HAKK. The events anticipate to finish the Definitive Settlement on or earlier than August 31, 2022. On June 2, 2022, Sixth Wave and AESI introduced they’ve entered into an Unique License Settlement contingent on AESI turning into a publicly listed firm.
Sixth Wave’s Affinity™ Programs will achieve fast trade and market entry to:
- Associated Know-how Commercialization Experience
- Established International hashish trade buyer base
- World Class engineering design/ construct /service staff
- Product improvement management for brand spanking new high-value extraction functions
The Transaction as outlined within the Letter Settlement establishes an approximate worth of $3.5 M for Sixth Wave’s Affinity license on account of a number of months of due diligence. Accordingly, the general AESI marketing strategy is strengthened by incorporating the added worth of the Affinity™ System. In response to Dr. Jon Gluckman, President, and CEO of Sixth Wave; “This represents one other main step ahead making certain the long-term income technology technique for Sixth Wave concerning the Affinity™ System. Furthermore, it permits Sixth Wave to reap the benefits of the increasing enterprise base of AESI into non-cannabis extraction and purification markets that can require new molecularly imprinted polymers utilizing the Affinity™ System structure. In the end, it will enable every firm to work collectively and shorten improvement occasions for market introduction of recent merchandise/companies.”
Peter Toombs, CEO of AESI provides; “This can be a very thrilling time within the development of AESI. Changing into a public firm will assist our efforts to develop our choices and handle rising markets worldwide. We’ve very thrilling development alternatives which ought to end in substantial worth accrual. We’re assured in our development projections and skill to convey Affinity™ to market as AESI has established itself as a well-respected and high-quality provider within the hashish trade since 2016.”
About Superior Extraction Programs Inc.
Superior Extraction Programs, Inc. (AESI) gives complete extraction options within the hashish, psilocybin, and biomass industries throughout the globe. AESI has designed and fabricated whole extraction options for lots of the largest firms in these industries over the previous decade, starting from small bench scale to massive industrial installations. Options have been designed to satisfy quite a lot of area/application-specific high quality laws (CRN, ASME, PED, CE, CSA, CSAus, cGMP, euGMP, Pharma) and canopy every part from consulting to gear to coaching. AESI constructs its high-quality {hardware} and related software program from its headquarters facility in Prince Edward Island, Canada by leveraging an engineering staff that has intensive expertise within the real-world operation of extraction gear.
About Sixth Wave
Sixth Wave is a nanotechnology firm with patented applied sciences that target extraction and detection of goal substances on the molecular degree utilizing extremely specialised Molecularly Imprinted Polymers (MIPs). The Firm is within the means of a industrial roll out of its Affinity™ cannabinoid purification system, in addition to IXOS®, a line of extraction polymers for the gold mining trade. The Firm can be within the improvement levels of a fast diagnostic take a look at for viruses below the Accelerated MIPs (AMIPS™) label.
Sixth Wave can design, develop, and commercialize MIP options throughout a broad spectrum of industries. The corporate is concentrated on nanotechnology architectures which might be extremely related for detection and separation of viruses, biogenic amines, and different pathogens, for which the Firm has merchandise at numerous levels of improvement.
For extra details about Sixth Wave, please go to our website online at: www.sixthwave.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Jonathan Gluckman”
Jonathan Gluckman, Ph.D., President & CEO
For data, please contact the Firm:
Telephone : (801) 582-0559
E-mail : information@sixthwave.com
Cautionary Notes
This press launch contains sure statements which may be deemed “forward-looking statements” together with potential statements concerning the deliberate use of proceeds and efficiency of the IXOS®, Affinity™, and AMIPs™ applied sciences. All statements on this launch, aside from statements of historic information, that handle future occasions or developments that the Firm expects, are forward-looking statements. Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements usually are not ensures of future efficiency, and precise occasions or developments could differ materially from these in forward-looking statements. Such forward-looking statements essentially contain identified and unknown dangers and uncertainties, which can trigger the Firm’s precise efficiency and monetary ends in future intervals to vary materially from any projections of future efficiency or outcomes expressed or implied by such forward-looking statements. Specifically, profitable improvement and commercialization of the IXOS®, Affinity™, or AMIPs™ applied sciences are topic to threat that they could not show to achieve success, uncertainty of medical product improvement, uncertainty of timing or availability of required regulatory approvals, lack of monitor file of creating merchandise for sure functions and the necessity for added capital to hold out product improvement actions. The worth of any merchandise in the end developed could possibly be negatively impacted if patents usually are not granted. The Firm has not but utilized for regulatory approval for the usage of this product from any regulatory company.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/130784
