NanoLogix Inc (NNLX)

[Omar8]

Jshdn........





Look how this is written below, this sounds like a what a real serious partner would be doing....not partial funding like those shares talked about. Not enlisting someone else to do something....A recognized company stepping up saying they will do pretty much do all the hard work and when they have serious skin in the game, you know what that means ? They will be working extremely hard to get it done and they would have the muscles to do it....so far we haven't heard of a partner doing those things. As far as we know it appears we have pieced together some others and trying to do the best they can.




"Mar. 15, 2020

NanoLogix Update - COVID-19 Detection

Last week the Company was contacted by a respected U.S. Government Contractor regarding our N-Assay Technology and its potential Coronavirus (COVID-19) testing capabilities.

We were informed by the contractor that they will bear all costs of configuration and testing of the N-Assay at their facilities. Following the conversation, NanoLogix sent a letter agreeing in principle to the proposal, which was rapidly acknowledged, and is awaiting a formal agreement from the contractor.

NanoLogix will not be supplying any materials or personnel for this process and our sole participation is on an Intellectual Property (Patent) basis, stemming from the N-Assay patent issued in 2015.

We will not be involved in the potential production of test kits if the contractor determines from the testing that N-Assay kits should be used in the fight against this Coronavirus. Should that happen, it would be done by a recognized producer under license.

We are hopeful that the N-Assay and one additional Point-of Care test we are developing will be useful tools for rapid detection of any pathogens that are threats to health.