TheNewswire - November 24, 2020 - Tinkerine(TM) Studios Ltd. (TSXV:TTD) (OTC:TKSTF) ("Tinkerine" or the "Company") announces the signing of a Definitive Agreement ("Agreement") with Maitri Health Technologies ("Maitri" CSE: MTEC) for the marketing and distribution of Tinkerine's current and future products to global markets, and the design of new medical products and devices that are jointly developed by Tinkerine and Maitri. Maitri's initial focus will prioritize the introduction and delivery of Tinkerine's proprietary products to North American government bodies and organizations.
Maitri is engaged in the procurement and management of a stable supply system of on-shore manufactured personal protective equipment ("PPE") to meet the intensifying demands of Canadian and international markets. Additional information on Maitri can be found at https://maitrihealth.ca/
"We are excited to be working with Maitri Health to bring best-in-class, Canadian-made medical products to market," said Eugene Suyu, Tinkerine's Chief Executive Officer. "With the strength of Tinkerine's design approach and Maitri's vision of reliable and innovative healthcare solutions, we believe we can deliver great products and customer experiences around the world."
"Maitri is proud to add Tinkerine's design capabilities to our global supply platform," said Andrew Morton, CEO, Maitri Healthcare Technologies. "Tinkerine is another great partner helping us deliver products and technology that keep people safe and businesses and economies operating uninterrupted."
The Agreement between Tinkerine and Maitri consists of the following subsections that will be subject to additional agreements:
1. Distribution agreement for manufactured Tinkerine Products in Canada and potential expansion into additional regions including the United States.
2. Exclusive license for Maitri to manufacture Tinkerine Products to generate sales and distribution in continental North America (Canada, USA, Latin America) and Europe.
3. Manufacturing agreement wherein Maitri will provide designs of Maitri products for Tinkerine to manufacture.
4. Joint development agreement wherein Maitri will provide potential products and devices for Tinkerine to evaluate and review for potential design, manufacturing, and implementation.
Maitri shall oversee and manage all activities related to testing and certification to ensure all products and devices conform to standards and specifications established by Maitri and applicable law in each specific jurisdiction.
Our mission is to provide a foundational understanding about Applied Design driven by 3D printing. Our ecosystem of 3D printing products and educational resources equips future generations with the innovative tools and products to stay ahead in a fast-paced, tech-driven world. Tinkerine enables the curious to convert creative ideas into the tangible and the unimaginable. All Tinkerine 3D printers and education services are designed and manufactured in Canada.
For further information please contact:
T: 403 617 7609
Chief Executive Officer
Neither the 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.
This news release contains certain forward-looking statements, including, but not limited to, expectations as to the acceptance of products designed and created by the Tinkerine Applied Design staff and the Company's future plans and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
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