CALGARY, Alberta, March 01, 2021 (GLOBE NEWSWIRE) — FluroTech Ltd. (TSXV: TEST) (OTCQB: FLURF) (“FluroTech” or the “Company”), a leading developer of spectroscopy-based technology, together with joint venture partner 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 visionary inventor and Hudson Robotics Founder and President Phil Farrelly has joined FluroTech’s advisory board.
Mr. Farrelly is a noted life sciences and lab automation authority and innovator. He founded Hudson Robotics in 1983, establishing the company as a market leader in microplate automation, laboratory robotics, liquid handling and customized software-driven laboratory automation solutions for life sciences research. The company develops specialized tools used in areas such as drug discovery, clinical research and pharmaceutical development, including high throughput screening, proteomics and genomics. A strategic partnership with FluroTest was announced November 20, 2020 and, most recently, pre-production development of three functioning pandemic defense platform systems were announced on February 19, 2021.
“I’ve dedicated much of my adult life to advancing the science of automation, and in the wake of one of the worst global economic downturns in recent history, I believe manufacturing technologies that increase throughput, productivity, accuracy and safety have never been more important,” said Farrelly. “The FluroTest Pandemic Defense System is a seriously innovative way to approach a problem that will be with us for years to come. I am excited to support their efforts as an advisor.”
“Hudson Robotics is well recognized as a leading innovator and we are fortunate to be working closely with such a great partner. I’m beyond thrilled to have a robotics automation icon like Phil Farrelly personally interested and actively involved in our testing platform,” said Bill Phelan, CEO of FluroTest. “Phil is a proven expert, and his expertise and insight will be invaluable as we move toward commercial availability.”
FluroTest’s system is designed to be portable and to facilitate point-of-service, rapid testing of individuals with high-speed, high throughput functionality. Target industries include schools and colleges, hospitals and large healthcare facilities, athletic stadiums and performance venues, airline and cruise ship terminals, corporate campuses, shopping centers, manufacturing facilities, transportation and distribution hubs and other large business and retail locations.
“We need rapid results delivery, not more rapid test talk,” added Danny Dalla-Longa, CEO of FluroTech. “Our automated testing system is designed to cater to the masses and deliver test results in minutes. We’re now seeing some stadiums doubling up as vaccination sites, and I believe it’s only a matter of time before automated rapid testing applications follow suit. With Phil Farrelly and Hudson Robotics as additions to the team, we’re one big step closer to our goal of processing thousands of tests per hour while delivering digitally verifiable results to a test taker’s mobile phone within minutes.”
Readers are cautioned that, although FluroTest has achieved proof of concept prototype, the testing method and device is still in the early stages of research and development; accordingly, FluroTest is not currently making any express or implied claims that the technology can, or will be able to, accurately detect the COVID-19 virus. The Platform is in the process of applying for EUA approval from the FDA and for an Interim Order Authorization from Health Canada.
As announced February 3, 2021 FluroTech has accelerated the financial, regulatory and legal due diligence to complete the transaction with FluroTest shareholders to obtain 95% of the interest in FluroTest. This amalgamation is subject to TSXV conditions and approvals. FluroTech is working to ensure this process is carried out in the most efficient manner possible and will update the market as appropriate.
The goal of FluroTech’s research and technology is to develop detection methods which are sensitive, specific and easy-to-use. By combining FluroTech’s proprietary spectroscopy-based technology with laboratory robotics automation and cloud computing, FluroTech, through the application of its technology and investment in FluroTest, has created a unique solution addressing the current and future pandemics. Using technology that was first developed at the University of Calgary, the FluroTest SARS-CoV-2 test is designed to identify patients with active virus infection; this is not necessarily the case for most of the currently approved tests that are meant to identify patients with SARS-CoV-2 nucleic acid. FluroTech’s laboratory is led by Dr. Elmar Prenner, the original developer of the technology. Dr. Prenner serves as senior science advisor of FluroTech and brings over 28 years of expertise in fluorescence spectroscopy. To learn more, visit FluroTech.com
About FluroTest LLC
FluroTest, a first-mover in surge-scale rapid antigen testing for the detection of SARS-CoV2 and other pathogens, is developing a pandemic defense and economic recovery system purpose-built for businesses and special-needs populations requiring fast and highly accurate testing for significant numbers of people. Unlike individual or low-throughput tests, FluroTest’s system is designed to be well-suited for high-traffic, high-risk pandemic environments including schools and colleges, hospitals and large healthcare facilities, athletic stadiums and performance venues, airline and cruise ship terminals, corporate campuses, shopping centers, manufacturing facilities, transportation and distribution hubs and other large business and retail locations. Created to support executive business continuity efforts, the system combines and leverages the disciplines of robotics automation, biochemistry, fluorescence detection and cloud computing — processing thousands of tests per hour while delivering accurate, digitally verifiable results to a test taker’s mobile device within 5 minutes. To learn more, visit FluroTest.com
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