18th Sep 2020 19:03
(Alliance News) - Braveheart Investment Group PLC on Friday said its investee Pharm 2 Farm Ltd has placed an order for a face mask production line set to be delivered before the end of 2020.
Remote Monitored Systems PLC, which back in August said it agreed to buy Pharm 2 Farm, noted Braveheart's announcement.
Shares in Braveheart closed down 4.6% at 21.00 pence each in London on Friday. Remote shares surged 21% to 0.46p.
The automated line has the capacity to produce "up to five million standard or anti-viral face masks per month", Braveheart said.
"Conventional surgical type masks typically comprise of three layers, with the inner layer acting as a physical barrier to viruses and bacteria. However, they are only recommended for up to two hours of continual use as this layer can become moist and fail, thereby allowing the virus to penetrate though. P2F has developed a second defensive layer that incorporates its own nanotechnology, which is engineered to kill viruses and bacteria," Braveheart added.
By Eric Cunha; [email protected]
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