Manganese X firms up deal to buy disinfection patent

May 5, 2020

2020-05-05 00:19 ET – News Release

Mr. Martin Kepman reports

MANGANESE X SIGNS DEFINITIVE AGREEMENT TO ACQUIRE US PATENT FOR AIR DISINFECTION, STERILIZATION AND DEODORIZATION

Further to the new release dated April 30, 2020, Manganese X Energy Corp. has acquired a U.S. patent for a system and method for air quality disinfection, sterilization and deodorization by way of a definitive agreement. Additional tests were conducted on an 11 story apartment complex in the Toronto area treating extensive airborne bacillus bacteria as well as bacillus and E.coli bacteria on the surface. In both cases bacteria levels were TNTC or Too Numerous To Count. Laboratory results show no bacillus counts in the air with only a few bacteria counts on the surface which indicates very encouraging results.

The acquisition of this patent will add new technology to our Disruptive Battery Corp. subsidiary.

It is intended Disruptive Battery Corp. will work in partnership with universities, chemical labs and global HVAC companies and Experts in the field of environmental science.

The terms of the transaction were 1.5 million shares plus a 2% royalty.

Disruptive Battery Corp. has the option to repurchase 1/2 of the royalty for the sum of $250,000.

Further, the company sees this as an opportunity to potentially cross sell grid energy storage as we will be dealing with companies that are involved with commercial and industrial building applications.

The company is currently in discussions with a Canadian University for a battery research program as well as ongoing discussions with two manganese themed battery companies looking to disrupt the industrial and commercial segment utilizing a grid storage methodology.

Martin Kepman, CEO of Manganese X, comments, “This patent was brought to us and because of timeliness and sheer relevance it was an opportunity we decided to pursue after exhaustive research. This system and method is a green, cleantech solution. While it is not obviously ore related or battery related, it does represent technology that is globally scalable. Our agenda as a public company is to leave no stone unturned in our pursuit at optimizing shareholder value. The company remains very much engaged in ore purification for the battery sector as well as continuing dialogue for battery research participation and equity ownership. We have great shareholders and our fiduciary obligation is to look for ways to enhance a return on investment.”

The agreement is subject to acceptance and approval by the TSX Venture Exchange. All shares issued pursuant to the agreement shall be subject to a four-month-and-one-day hold period.

We seek Safe Harbor.

http://www.manganesexenergycorp.com/