The Centers for Disease Control and Prevention (CDC) just revised its pandemic guidance, noting that it can actually spread through airborne particles. Not only can it “linger in the air for minutes to hours,” as noted by CNBC, it can impact people that are more than six feet apart. “In these instances, transmission occurred in poorly ventilated and enclosed spaces that often involved activities that caused heavier breathing, like singing or exercise,” the CDC said in a statement. “Such environments and activities may contribute to the buildup of virus-carrying particles.” To help fix this issue, it’s been found that “Improving ventilation systems in high-occupancy structures could be a critical way to contain the pandemic… This work has the potential to impact millions of people living and working in these buildings.” That being the case, some of the top companies to keep an eye on include Manganese X Energy Corp. (TSXV:MN)(OTC:MNXXF), Honeywell International Inc. (NYSE:HON), Comfort Systems USA Inc. (NYSE:FIX), Trane Technologies PLC (NYSE:TT), and Johnson Controls International PLC (NYSE:JCI).
Manganese X Energy Corp. (TSXV:MN)(OTC:MNXXF) BREAKING NEWS: Manganese X Energy Corp. announces that Disruptive Battery Corp. (“DBC”), a wholly-owned subsidiary of Manganese X, is pleased to confirm that it has entered into a Memorandum of Understanding with PureBiotics to acquire a significant equity share of up to 50% in a PureBiotics Environmental Air Quality Control Company.
The manufactured product will be a US-based Air Quality Control Delivery System. The environmental air solution will incorporate our US Patented disinfection apparatus system, designed to circulate air disinfection agents (ADAs) through a building's HVAC (heating, ventilation and air conditioning) distribution system, as well as provide our proprietary proven safe & effective biological solutions for air and surface environmental control for healthier homes and buildings.
The CEO of PureBiotics, Lino Morris, has been recently appointed to the DBC advisory board. He is known as a developer of innovative scientific and healthcare solutions, biological manufacturing operations and systems design. Lino has a reputation with governments and companies in a dozen countries for rapidly overcoming all obstacles and delivering on commitments. Lino brings more than 40 years of successful business experience in the pharmaceutical industry and has worked closely with the FDA and other Government Agencies both domestically and around the world.
The Prime Objective of the JV is to form a NewCo to provide solutions to all the concerns, problems and healthcare factors risks with the air quality in all homes and businesses, including lowering the risk of infections, as well as allergens, contaminants and odors – and to do so by combining ‘PureBiotics’ existing product lines and technologies with the patent and other resources of Manganese X and its subsidiary.
It is intended that additional testing and validation will be spearheaded under the guidance of Lino Morris, who has reached out to well-known US universities with laboratories well accepted by the FDA, EPA, USDA and other government regulatory and registration agencies to perform the additional testing on the air quality control delivery system as the new patented additions are added to our systems.
“We have pretty strong circumstantial evidence, in a number of these superspreading indoor incidents, that there must have been a significant component of aerosol or airborne transmission,” said William Bahnfleth, chair of the American Society of Heating, Refrigerating and Air Conditioning Engineers (ASHRAE) Epidemic Task Force, in a Scientific American article published on October 1, 2020.
Bahnfleth noted several examples, including a restaurant in Guangzhou, China, where multiple people without direct contact with one another became infected from a single individual, and a choir practice in Washington state where presumed droplet and aerosol spread from singing sickened 53 people, two of whom died.
Martin Kepman, CEO of Manganese X Energy, comments: “We are living in unusual times and air quality is of paramount importance. Breathing air that is cleansed of pathogens and other contaminants is essential to all our health and wellness. We are focusing on using HVAC centric technology and our proprietary vaporous solutions to mitigate viruses, bacteria, molds and other contaminants from the air in self-contained environments. We welcome this JV opportunity as we feel it not only makes excellent business sense in terms of scalability, but it also offers relevancy in health and wellness. Moreover, it is great opportunity to create shareholder value.”
Other related developments from around the markets include:
Honeywell International Inc. (NYSE:HON) announced that its Board of Directors has approved an increase in the company's regular annual cash dividend from $3.60 to $3.72 per share. The increase will be effective starting with the fourth-quarter dividend of $0.93 per share, which was declared today, and is payable on December 4, 2020, out of surplus to holders of record at the close of business on November 13, 2020. "Honeywell remains focused on providing value to our shareowners despite the current challenging economic environment, and today we announced an increase to our dividend for the 11th consecutive year," said Chairman and Chief Executive Officer Darius Adamczyk. "Our strong financial position, continued investments for growth, and effective cost management strategies will enable us to continue to perform for our shareowners, customers and employees."
Comfort Systems USA Inc. (NYSE:FIX) reported results for the quarter ended June 30, 2020. For the quarter ended June 30, 2020, net income was $39.5 million or $1.08per diluted share, as compared to $24.2 million or $0.65 per diluted share, for the quarter ended June 30, 2019. Revenue for the second quarter of 2020 was $743.5 million compared to $650.3 million in 2019. The Company reported operating cash flows of $141.9 million in the current quarter compared to $25.6 million in 2019. Backlog as of June 30, 2020 was $1.53 billion as compared to $1.62 billion as of March 31, 2020 and $1.50 billion as of June 30, 2019. On a same-store basis, backlog decreased from $1.50 billion as of June 30, 2019 to $1.44 billion as of June 30, 2020.
Trane Technologies PLC (NYSE:TT) global climate innovator, will host a conference call to discuss its third quarter financial results on Wednesday, October 28, 2020, at 10 a.m. ET. The company will issue its third quarter earnings release and earnings presentation in advance of the call; both will be available on the Trane Technologies website. A real-time, listen-only webcast of the conference call will be broadcast live over the internet. Individuals wishing to listen can access the call through the company’s website.
Johnson Controls International PLC (NYSE:JCI) board of directors has approved a regular quarterly cash dividend of $0.26 per common share payable on Oct. 16, 2020 to shareholders of record at the close of business on Sept. 28, 2020. Johnson Controls has paid a consecutive dividend since 1887.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media and Manganese X Energy Corp., Winning Media has been paid three thousand dollars for advertising and marketing services for Manganese X Energy Corp. We own ZERO shares of Manganese X Energy Corp.
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