FluroTech Adds Life Sciences Expert Dr. Timothy J. Holzer to Scientific Advisory Board

CALGARY, Alberta, Feb. 16, 2021 (GLOBE NEWSWIRE) — FluroTech Ltd. (TSXV: TEST) (OTCQB: FLURF) (“FluroTech” or the “Company”), a leading developer of spectroscopy-based technology, together with FluroTest, LLC (“FluroTest”), a first-mover in surge-scale rapid antigen testing for the detection of SARS-CoV-2 and other pathogens, today announced that accomplished scientist and diagnostic test commercialization expert Dr. Timothy Holzer has joined FluroTech’s advisory board. Dr. Holzer is helping to design, manage and oversee the Company efforts as it embarks on its large-scale clinical trial with a major U.S.-based healthcare system partner to validate the performance of the FluroTest Pandemic Defense System.

The data collected from this study will be used to support FluroTest’s submission for Emergency Use Authorization (“EUA”) from the U.S. Food and Drug Administration (“FDA”) as well as future submissions to Health Canada for an Interim Order Authorization as well as additional regulatory bodies around the globe. The Company will provide additional updates to the market as appropriate.

Dr. Holzer, who has dual American and Canadian citizenship, brings over 35 years of experience in clinical trials design and management, ISO 13485 and FDA QSR requirements, preparing regulatory submissions, and achieving successful delivery of commercial clinical diagnostic products and platform technologies to market. Earning his Ph.D. in Microbiology and Immunology, Dr. Holzer possesses a broad knowledge and experience base in oncology, molecular biology, genomics, microbiology, virology, immunology, biosensors, nanotechnology, and process development for automation integration.

“The opportunity to help design and deliver an accurate, high-throughput, low-cost testing system is precisely what’s needed to help reopen society,” said Dr. Holzer. “I’ve made a successful career out of assisting smaller companies with big ideas to obtain required clinical validation, and the FluroTest team is taking the necessary measures to move fast, maintain scientific integrity, and achieve its end goal of returning us all to normal lives.”

Throughout his career, Dr. Holzer has managed cross functional teams integrating scientific discovery, clinical and validation studies, engineering, sales and marketing, financing, and business development. He spent close to a decade at Abbott Laboratories Diagnostics Division, and has held senior management positions with companies throughout North America including DiagnoCure Inc, CompuCyte Corporation, IatroQuest Corporation, Cancer Genetics, and the Whitehead Institute Center for Genome Research.

“Tim is a fantastic addition to the team, supporting our efforts like a 21st-century’s Swiss army knife scientist,” said FluroTest CEO Bill Phelan. “He’s a skilled researcher with a successful history of managing scientific and product development programs as well as an executive management professional experienced at preparing and presenting technical and business reviews to regulatory agencies, customers, business partners, and investors. As we work through clinical trials and move forward with applications and approval processes, I know FluroTest will benefit from Tim’s deep experience.”

“Just this past weekend, Public Safety Minister Bill Blair said that the federal government is looking into implementing a system of regular COVID-19 testing for essential workers and truck drivers crossing the land border,” added Danny Dalla-Longa, CEO of FluroTech. “To put it bluntly, a patchwork quilt of PCR tests will not be able to effectively handle the high volume of traffic in this environment. Mutations in the coronavirus variants are now further elevating concerns, and public health experts are now talking about how best we can control the virus — not be controlled by it. With this, I expect Tim’s talents for helping companies take breakthrough concepts through to commercialization will prove extremely valuable.”

Readers are cautioned that, although FluroTest has achieved proof of concept prototype, the testing method and device is still in the early stages of development and accordingly FluroTest is not currently making any express or implied claims that the technology can, or will be able to, accurately detect the SARS-CoV-2 virus. The Platform is in the process of applying for EUA approval and considering other future submissions.