09:16 AM EDT, 09/27/2022 (MT Newswires) -- Zentek Ltd. (NASDAQ:ZTEK and TSXV:ZEN), an intellectual property (IP) development and commercialization company, said Tuesday that the Canadian Intellectual Property Office has approved the company's patent application for its ZenGUARD technology.
The company's shares, which fell 3.9% in Canada yesterday, dropped 5.2% in early Frankfurt trading on Tuesday. The shares were down 6.4% in US trading yesterday.
The technology, including all 54 claims made in the application, has been cleared for use on personal protective equipment, and heating, ventilation, and air conditioning.
Zentek is now working with its IP counsel on a strategy to extend patent protection of its commercial rights in all global jurisdictions of interest.