Vancouver, BC – July 9, 2025 – FendX Technologies Inc. (CSE: FNDX, OTCQB: FDXTF, FSE: E8D) (the “Company” or “FendX”), an innovative surface protection company using their technology to develop product solutions to reduce the spread of harmful pathogens and support a cleaner, safer world, is pleased to announce that it has entered into a consulting agreement (the “Consulting Agreement”) dated July 8, 2025, with a third party consultant to support the launch of its the eco-friendly sponge, and assist in identifying and evaluating potential future strategic licensing/acquisition opportunities.
The monthly consulting fee is US$5,000 plus taxes is payable as to fifty percent (50%) in cash and fifty percent (50%) in common shares of the Company (the “Shares”). The Shares to be issued will be issuable on a quarterly basis upon receipt of invoices (at a price per Share equal to the greater of: the Company’s market price on the date that is five business days prior to the date of issuance; the Company’s most recent financing price; or such higher price as may be agreed to). All securities issued pursuant to the Consulting Agreement will be subject to receipt of all necessary regulatory approvals, including from the Canadian Securities Exchange (“CSE”). All securities will also be subject to resale restrictions in accordance with applicable securities laws and the policies of the CSE and will not be registered under the U.S. Securities Act of 1933, as amended. The term of the Consulting Agreement is from the effective date of June 15, 2025 to December 31, 2025, and includes an early termination provision whereby either of the Company or the consultant may terminate the agreement upon 7 days written notice. The Company has the option to renew the Consulting Agreement for one or more months after the initial term on the same terms, and any renewal will be at the discretion of the Company.
About FendX Technologies Inc.
FendX is a surface protection company leveraging its proprietary technology to develop product solutions that help reduce the spread of harmful pathogens in everyday environments. The Company is advancing an eco-friendly, smart sponge designed to deliver effective cleaning while minimizing environmental impact. This innovative product complements FendX’s broader pipeline, which includes REPELWRAP™ film, a protective surface coating with repelling properties that significantly reduce adhesion and transmission of pathogens on high-touch surfaces, and a spray-based coating with similar functionality. Additionally, the Company is developing specialized catheter coatings, with its first coating being for Foley catheters. The Company holds an exclusive supply agreement for the eco-sponge and an exclusive license to certain intellectual property related to the use of the sponge, as well as exclusive worldwide licenses and intellectual property for its coating technologies.
ON BEHALF OF THE COMPANY
“Carolyn Myers” Carolyn Myers Chief Executive Officer and Director
Contacts:
Dr. Carolyn Myers, CEO and Director 1-800-344-9868
investor@fendxtech.com
For more information, please visit https://fendxtech.com/ and the Company’s profile on SEDAR+ at www.sedarplus.ca.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains certain forward-looking statements within the meaning of Canadian securities legislation, including with respect to: the plans of the Company; statements regarding the Consulting Agreement and issuance of any securities thereunder; renewal of the Consulting Agreement after the initial term; plans for the market introduction and production of a line of eco-friendly sponge products aimed at consumer, retail and other commercial target markets worldwide; statements regarding other acquisition/licensing opportunities for the Company; and products under development and any pathogen reduction benefits related thereto. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are only predictions and involve known and unknown risks which may cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking statements, including: risks that Consulting Agreement may not receive regulatory approval, if required; adverse market conditions; risks and uncertainties associated with the Company’s ability to raise additional capital to complete all of its planned activities including launching its proposed eco-friendly sponge products; risks related to the supply of bulk foam sponge rolls and securing a manufacturer to finish end-products; risks related to the size of the potential market for the Company’s future sponge products; risks related to research and development activities for each of the film, spray formulation and catheter coating, including successful completion of real world performance testing and scale-up initiatives; risks that the Company may not expand its product pipeline or execute its business development and growth plans; risks that the Company’s products, including the eco-friendly sponge, may not be commercialized, and if they are commercialized, that they may not be accepted and adopted by the public; the risk that the Company will not obtain necessary approvals and/or clearances as anticipated or at all; the effects of government regulation on the Company’s business; risks associated with the Company’s ability to obtain and protect rights to its IP; product candidates only being in formulation/reformulation stages; limited operating history; dependence on collaborative partners, licensors and others; effect of general economic and political conditions; and other factors beyond the Company’s control. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity or performance. Further, any forward-looking statement speaks only as of the date on which such statement is made and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of such factors on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Readers should consult all of the information set forth herein and should also refer to the risk factor disclosure outlined in the Company’s filings with the British Columbia Securities Commission on SEDAR+ at www.sedarplus.ca.