FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Micron Waste and Subsidiary Covid Technologies Inc. Applaud Recent Success of Using Medical Face Masks to Prevent Spread of COVID Disease.”
Micron Waste Technologies Inc. (OTC: MICWD) (CSE: MWM) and its 100% owned subsidiary Covid Technologies Inc., are pleased to report that the worldwide community is achieving high levels of success in using face masks to prevent the spread of the COVID-19 virus.
Micron is a well-funded industrial/technology company with a manufacturing facility based in Delta, BC. It is developing waste digesters using proprietary technology. Its waste digester business is focused on the cannabis and food industry with its Cannivore, Organivore and Pharmavore waste digesters.
Infectious diseases such as Ebola, Influenza, Zika, MERS and the recent pandemic that is still spreading, cause enormous loss of life and devastate economies around world. Many factors influence the spread of such diseases, like globalization and associated travel and migration, the increasing population and suburban crowded homes, climate change, poor public health infrastructure and misuse of antibiotics are all, in part, responsible for the increase in severity of infectious disease. As the viral pandemic continues to ravage countries, so too does the world’s collective uncertainty regarding when and how quickly society will return to normal. In the meantime, the importance and adoption of personal protective equipment (PPE) by the public has helped prevent even higher numbers of infected. PPEs are protective clothing, helmets, gloves, face shields, goggles, facemasks and/or respirators. When used properly, PPE acts as a barrier between infectious materials such as viral and bacterial contaminants and your skin, mouth, nose or eyes.
Some PPEs are reviewed by the FDA before they can be legally sold in the United States. The manufacturers have to show they meet specific criteria for performance, labeling, and intended use to demonstrate substantial equivalence. The global personal protective equipment (PPE) market was valued at USD 52.7 Billion in 2019 and is expected to reach USD 92.5 Billion by 2025 while growing at a CAGR of 8.7% during 2020-2025, according to VynZ Research. Developments have also been made in the testing segment, as diagnostic testing has improved over the course of the last two months. By test type, the rapid antigen test is likely to hold substantial market share in 2020. Antigen assays are also usually more cost-effective when compared to either molecular or culture techniques. Now, various companies from a vast field of industries, including biotechs, medical device manufacturers, tech conglomerates and others have all made various announcements of products or services related to the pandemic, with testing kits playing a key role.
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