Today it became clear to Parx Plastics NV (Euronext: MLPRX) (“Parx” or the “Company”) that Ningbo BMQ Technology Development, Co., Ltd (“BMQ”), Parx' sole distributor for mainland China, will most likely not be able to pay the outstanding invoices of Parx.
Silaritiy NV, a Dutch entity founded in 2017, becomes part of Parx Plastics NV after a restructuring of the shares in Silarity. Parx Plastics acquired a majority of the shares in Silarity. Silarity is dedicated to manage, market and sale bio-derived technologies for silicone materials starting with antimicrobial technologies based on or derived from the Parx Plastics patents and knowhow.
“Michaël van der Jagt of Parx Plastics recognised the need for piping with antibacterial and antimicrobial properties, which led to him sharing the World Technology Award stage with Elon Musk and Jane Goodall in 2014.”
The patent application process that started off by a filing by Parx Plastics NV of a PCT (Patented Cooperation Treaty) has been fully completed. By the receipt of the official certificates the national patent application processes for the protection of a Parx Plastics NV technology in USA and China, has been fully completed. The patents are granted for the USA and the China market.