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https://www.investegate.co.uk/nanosynth-group-plc--nnn-/rns/further-strategic-update/202207040700050994R/
The Company's new management team members are all highly successful in their respective fields of expertise and are working well together. They are both committed and motivated to realise the significant potential value inherent in the Company's technological development programme and, if successful, the Board remains confident that this will create substantial shareholder value in the near term. The Company is continuing to strengthen its team and expertise as demonstrated by the recent appointments of Peter Gray and Andrew Stedman to the board.
As announced on 1 June 2022, due to a shift in the market with regard to mask mandates, a decision was taken not to remain in face mask production and supply. However, the partnership established with Volz Holdings v.o.s ("Volz") remains of great value to the Company and its plan is to take the technology developed with Volz and use it to spray directly onto the media for masks and many other products within the HVAC market and beyond.
Whilst the partnership with Volz is still in its early stages, trials have been run to help both companies develop a standard retro fit to media production lines for future clients so that installation and execution become streamlined. The Company has successfully proven the technology and has had exciting results on the media tested at Volz to date. A fifth trial production run is due to take place in the coming weeks and the Board is now confident to apply for REACH UK registration (UK Registration, Evaluation, Authorisation and restriction of Chemicals) with the HSE which will allow the Company to produce up to 60 tonnes of copper (ii) oxide nano material per year. The Company has already been granted the ability to produce more copper (ii) oxide nano material than is forecast to be required for the targeted HVAC market under a PPORD licence (Production and Process Orientated Research and Development) and the final environmental fate report will be created after the forthcoming trial which will allow the REACH UK registration to be progressed. This will then open the market for the Company, allowing Volz to apply the technology to all of its products which is expected to lead to wider industry adoption of the technology. Expressions of interest are already coming from the market and an exciting pipeline is being established.
Also announced on 1 June 2022 was the Company's R&D roadmap across seven verticals. Each of the projects in the map are based on a fully considered business case, market analysis and detailed work schedules. The Company has grouped the required patents into 11 distinct categories and is currently in the process of applying for them.
Director Dealings
Chief Financial Officer, purchased 4,166,667 and 2,083,333 ordinary shares in the Company respectively, each at a price of 0.48 pence per share.
https://twitter.com/**********/status/1544606127337443329?s=20&t=7VAFD1jDoOsiGWft6gt1YA Lets see if the other directors buy shares
But just like the past few strategic updates, all wax no wick. They always promise something is coming, then silence, then a new update promising something is coming.
No sales, no products, no contracts. Hope they do so people can make some money back.