Micron Waste Technologies Inc (CSE:MWM) (OTCMKTS:MICWF) said on Monday that its wholly-owned subsidiary Micron Technologies Inc, a manufacturer of personal protective equipment, will start producing high-quality Made-in-Canada face masks that protect against biological hazards, pathogens and superbugs.
The Vancouver-based parent company said it has received and installed a three-ply mask-manufacturing machine and associated equipment.
The firm added that Micron Technologies will manufacture face masks following its Medical Device Establishment License (MDEL) from Health Canada. The MDEL issued by the Minister of Health permits Micron Technologies to manufacture Class I products — which include face masks — at the company's facility in Delta, British Columbia. The MDEL approval represents a strategic milestone for Micron, said the company.
READ: Micron Waste completes acquisition of personal protective equipment manufacturer Covid Technologies
In a statement, Micron CEO Kal Malhi said: "We believe that the supply of face masks will remain constrained as governments and corporations mandate masks be worn in public spaces, the workplace, and in educational centres."
Micron Technologies has received its N95 mask-manufacturing machine and expects production to begin in early October. In addition, the company plans to send N95 mask samples to the National Institute for Occupational Safety and Health for certification to be able to sell medical-grade N95 masks.
Separately, the company struck an arm's length agreement with Atkien Check AG, a leading German investor-marketing firm, for shareholder communication and marketing services. Atkien will be retained for a period of three months and will receive a cash fee of €50,000.
Micron Technologies is an industrial technology company with a flagship 5,078-square-foot manufacturing facility in Delta, British Columbia. It is targeting the global personal protective equipment market, which is estimated to grow to US$84.7 billion by 2027, according to Grand View Research.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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