Innovotech Announces Grant of Stock Options
January 23 2014 - 2:43PM
Marketwired Canada
Innovotech Inc. (TSX VENTURE:IOT) ("Innovotech") today announced that, in
accordance with the policies of the TSX Venture Exchange, the board of directors
has approved a grant of stock options to management of Innovotech to purchase
50,000 common shares pursuant to its stock option plan. These options have an
exercise price of $0.045 per common share and expire on January 22, 2024.
About Innovotech Inc:
Innovotech Inc. is an innovator in the field of biofilm product development,
focused on providing innovative and practical solutions to medical, agricultural
and industrial problems caused by microbial biofilms. Biofilms are organized
communities of microorganisms that exist in virtually every natural environment
and are responsible for a host of diseases in human health, animal health and
agriculture. There are few products or regulatory standards, aside from those of
Innovotech, designed specifically for biofilm-forming organisms.
Innovotech has a range of products that address the issue of biofilms within a
number of different industries, including commercially available products in a
variety of market segments; the MBEC Assay(TM), InnovoSIL(TM), bioFILM PA(TM),
InnovoSCEPT(TM)-Human and InnovoSCEPT(TM)-Veterinary tests. The MBEC Assay(TM)
is a high throughput biofilm growth device that is an ASTM International
standard. InnovoSIL(TM) is a family of silver-based antimicrobials promising
superior performance for medical device coatings and wound dressings, bioFILM
PA(TM) and InnovoSCEPT(TM)-Human are the first diagnostic tests to assist
physicians in the selection of the most effective antibiotic treatment for
patients with biofilm-based chronic infections, while the
InnovoSCEPT(TM)-Veterinary tests are designed to determine the most effective
antibiotic treatment for chronic infections in both large and small animals.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Innovotech Inc.
Dr. James Timourian
President
780.448.0585 ext 221
james.timourian@innovotech.ca
www.innovotech.ca
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