Megola Inc. (OTC:MGON) Stock Soars 21% After a Major News
Megola Inc. (OTC:MGON), now known as Breakthrough Chemistry Inc., was in focus on Wednesday following a significant announcement from the company, and hence, it may be a good move to keep an eye on the stock this morning.
Breakthrough Chemistry, Inc. and Winner Medical Co., Ltd. Enter Final Phases of Evaluation for Advanced Treated Incontinence Diapers and Feminine Hygiene Pads
The innovative chemical solutions firm announced yesterday that it inked a Product Evaluation Collaboration Letter with the Winner Medical Co. Ltd. The letter had been signed for the concluding stages of Megola’s odor-control SAP (Super Absorbent Polymer) technology. In the news release, the company expressed its excitement at the prospect of beginning the final stages of testing the technology in collaboration with Winner Medical. The testing would constitute a major step in the commercialization of Megola’s odor control technology.
SAPs are regarded as vital components in products like sanitary pads and diapers due to the higher absorbency and added comfort. The company’s proprietary and patent-pending odor control SAP technology would offer a significant advancement through cutting-edge odor control capacity.
That would bring about a paradigm shift in a market in which users are particularly concerned about the odors. The technology would lead to enhancement of the product’s appeal through odor control and provide a significant boost to an industry worth north of $100 billion in yearly revenue.
Key Quote
“We are thrilled that Winner Medical has committed to the final stages of testing in their facility,â said Robert Gardiner, CEO of Breakthrough Chemistry. This is a critical step toward commercializing our advanced odor-control technology, and we believe that Winner, with its global reach and reputation for quality, is the ideal partner for this launch.”
