FendX is a nanotechnology company with a core mission to reduce the spread of pathogens utilizing their proprietary technology that repels viruses, bacteria, blood, liquids, and pathogens from surfaces through a plastic wrap or spray application.
Today, Fendx announced it has been granted a patent in China further strengthening the Company’s intellectual property position and coverage for the Company’s nanotechnology, its methods and future products.
Chinese Patent Number ZL 202080055337.6 has been granted and is entitled “Omniphobic Surfaces with Hierarchical Structures, and Methods of Making and Uses Thereof” is licensed exclusively by FendX from McMaster University, relates to the fluoropolymer-containing material that reduces contamination of surfaces by significantly reducing bacteria and virus adhesion and transmission.
Dr. Carolyn Myers, CEO of FendX states, “This granted patent demonstrates our commitment to protect our products in development, and in case the of Chinese patent ZL 202080055337.6, to our licensed film nanotechnology and our REPELWRAP™ film product under development.”
The stock has rejected a resistance zone at $0.32 but there is an interesting structure developing. There is the potential of a reversal pattern known as the inverse head and shoulders playing out here. The current drop could lead to the right shoulder being formed with an eventual breakout above $0.32, which triggers the reversal pattern.
However, the stock must remain above $0.26 to pull the right shoulder off. Currently, the daily candle is showing a breakdown. This would decrease the probabilities of an inverse head and shoulders pattern and the increased chances of a breakdown below $0.22.
