Business
Zentek Introduces a Novel Corrosion Protection Technology: ZenARMOR(TM)
GUELPH, ON / ACCESSWIRE / February 8, 2023 / Zentek Ltd. (" Zentek " or the " Company ") (NASDAQ...
About this update from Zentek Ltd.
[{"type":"text","content":"Zentek Introduces a Novel Corrosion Protection Technology: ZenARMOR(TM)GUELPH, ON / ACCESSWIRE / February 8, 2023 / Zentek Ltd. (\"Zentek\" or the \"Company\") (NASDAQ:ZTEK)(TSXV:ZEN), an intellectual property development and commercialization company, has developed ZenARMOR™, a novel corrosion protection technology based on functionalized Graphene Oxide (GO) that offers superior performance, self-healing properties and a potential environmental advantage. Corrosion is a costly issue that significantly impacts naval and marine infrastructure, bridges, buildings, pipelines, and many other industries. To help combat this problem, corrosion protective coatings can extend the life of existing infrastructure and equipment.Highlights:Zentek has developed a novel corrosion protection technology with self-healing properties over the last 2 years;Third-party testing yielded excellent corrosion protection after 1,500 hours of ASTM B-117 Salt Spray Test with ZenARMOR™;Zentek has been pre-qualified for the Innovative Solutions Canada (ISC) Testing Stream - Military Call for Prototypes;Filed a Provisional Patent on this corrosion protection technology;Filed a Trademark for ZenARMOR™, the trade name for this novel technology;ZenARMOR™ potentially has an environmental advantage due to having very low loading of active ingredients compared to other corrosion protection products in the market.\"The economic cost of corrosion is significant. According to a United States Congressional Briefing on May 31, 2012, corrosion-related costs amounted to US$452 billion per year in the US, including US $22 billion for the Department of Defense. The global anti-corrosion coating market was estimated to be $27.4 Billion in 2019 and expected to grow to 63.7 Billion by 2030 according to Business Wire.\" said Greg Fenton, CEO of Zentek. \"To help address this issue, corrosion protective coatings are used to extend the life of existing infrastructure and equipment, generally providing a high return on investment. With ZenARMOR™, our team has developed a nanomaterial-based technology that has the potential to further enhance this return on investment by not only improving the performance of existing corrosion protection solutions but doing so in a way that reduces environmental impact.\"Third-Party TestingThe Company is collabora...