PCT Ltd (OTCMKTS:PCTL) announced that it’s gotten the rights to a liquid and gaseous delivery tech developed by Onza Corporation, which is based in Colorado. This patent-pending tech will allow the company to make dry crystals from its proprietary hypochlorous acid.
This will help make it easier to handle and transport while still maintaining its inherent qualities. Then, when it gets to the customer, they can easily convert it back to liquid form. This means that you can extend its normal thirty-day active life until needed.
PCT Ltd’s Chairman and Chief Executive Officer, Gary Grieco, said that shelf life and shipping costs had limited the company’s fluid sales expansion. He claimed that incorporating this tech to help extend the shelf life and eliminate fluid weight will prove to be a game-changer. This new and innovative cost-cutting delivery technique for unstable but efficacious components such as hypochlorous acid and chlorine dioxide gives you the chance to take advantage of several new applications and uses for these compounds. Without this new tech, you’ll need to produce compounds onsite if you want to use them immediately.
Market Reaction:
On Tuesday, PCTL stock ended higher by 0.43% to $0.0116 with more than 16.77 million shares, compared to its average volume of 2.71 million shares. The stock has moved within a range of $0.0106 – 0.0129 after opening the trade at $0.0120.
