OTCWagon Issues an update on Therma Bright, Inc. (THRM)

TORONTO - May 14, 2020 - PRLog -- Therma Bright Inc. has initiated due diligence and has applied for government grants to manufacture personal protective equipment (PPE) and hand sanitizers to combat the COVID-19 crisis. Several potential partners have approached Therma Bright to produce PPE and hand sanitizers for the Canadian and export markets. Therma Bright is ideally positioned to manufacture PPE leveraging the Company's quality management system ISO 13485 and recently approved MDSAP through SGS International. The Company also holds Health Canada; FDA approvals for its existing products and intends to utilize this regulatory expertise to apply to Health Canada for licenses related to PPE; hand sanitizers. Certain regulatory approvals are required to produce masks with specific claims such as filtering to N95 standards and hand sanitizers that claim to kill bacteria and viruses.

Therma Bright has applied for government grants from the Government of Ontario and the Federal Canadian Government for the start-up of this business line. These grants may be complemented with an equity offering to fast track our capability to enter this business line quickly. The Government of Ontario grant is available to companies in Ontario that intend to set up production of PPE for local use and to support Ontario healthcare organizations and businesses to protect its citizens from Covid-19. In addition, Therma Bright has applied for two Federal grants related to innovative mask material or designs. Therma Bright applied for the Federal grants to investigate the use of its existing expertise and technology that may potentially be used to create a new innovative mask.

For the full story go to: www.thermabright.com