May 25, 2024


Investment information for the new generation


Sixth Wave (SIXW.C) signs amendment to NSERC-sponsored research agreement with York University and CTRI

Sixth Wave Innovations (SIXW.C) signed an amendment to the research agreement and grant sponsored by the Natural Sciences and Engineering Research Council of Canada (NSERC).

The grant and research agreement, titled Point-of-need Microfluidic Biosensor for Detecting Airborne Viruses using Molecularly Imprinted Polymers: Towards COVID-19 Virus Monitoring, aims to develop a portable, low-cost technology for rapid on-site air sampling and detection of aerosol and droplet-encapsulated viruses indoors and outdoors. The project is a collaboration Sixth Wave, York University and the Centre Technologique des Residus Industriels (CTRI).

So far, the project has focused on prototypes of Sixth Wave’s Accelerated Molecular Imprinted Polymers (AMIP) technology, which uses a colorimetric detection method that allows it to identifies the presence of a target by means of a colour regent, allowing you to spot the presence of a specific bacteria or virus.

The collaboration between SIXW, York and CTRI has aimed to designing a prototype (or potentially many prototypes) that uses the AMIP technology to detect pathogens in airborne, water, and wastewater environments. These capabilities would allow for a two-pronged approach to testing for COVID-19, with individual tests being paired with environmental testing and would allow for constant monitoring of HVAC systems in crowded spaces like buildings and public transportation and public water systems, allowing authorities to identify areas of concern.

“The signed amendment to the research agreement provides the Company a significant opportunity regarding various pathways to commercialization of our unique Accelerated Molecular Imprinted Polymers (“AMIPs™“) technology,” states Sherman McGill, Executive Vice-President and Chief Development Officer for Sixth Wave. “We greatly value our collaborative relationship with York University and their confidence in Sixth Wave as evidenced by the amendment.”

The announcement does not go into detail about what updates have been made in the research agreement, but it likely relates to the update they gave last month on the collaboration. The update, related to the research being done at York University, showed the potential for integration of the AMIP technology into a variety of sensor arrays and detection mechanisms including electrochemical and fluorescent-based sensors.

That work, along with the technology’s ability to spot targets of different sizes, will allow them to identify a variety of pathogens, including viruses and bacteria. If Sixth Wave can adapt the system to detect viruses other than COVID-19, like the seasonal flu, they can ensure that the technology is not just useful during a pandemic, but rather can provide useful information during the annual flu season.

Following the announcement, Sixth Wave shares are up 2 cents and are currently trading at $0.36.

Full disclosure: Sixth Wave Innovations is an Equity Guru marketing client.

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