FendX Technologies Inc. announced that the Company has completed a third pilot manufacturing run on Dunmore International Corp.'s commercial manufacturing equipment which was successful in furthering optimization of the REPELWRAPTM film manufacturing process and advancement of the Company's scale-up development initiatives of REPELWRAPTM film. The results of the first pilot manufacturing run, announced October 3, 2023, confirmed the REPELWRAPTM film formulation is suitable for automated manufacturing, which involved a two-pass coating process to create the nano-coating on the surface of the film. The first pilot run was successful and resulted in production of intermediate sized sheets of film covered with the Company's nanotechnology.

The Company conducted a successful second pilot manufacturing run, announced January 10, 2024, that consisted of combining the nano-coating chemicals to enable a one-pass coating process to reduce manufacturing time as a one-pass coating does not require machine change overs between each coating application. In this third pilot run, a key focus was to utilize the one-pass coating process confirmed in the second pilot run to further reduce the drying time after deposition of the nano-coating on the film. The Company confirmed it was successful in reducing the manufacturing drying time compared to the drying times that were required in the first and second pilot runs.

This resulted in a more efficient and cost-effective process that supports the Company's continued advancement and optimalization of the manufacturing process. The Company plans to continue to refine the manufacturing process and conduct further testing including real world conditions testing.