Zentek Provides Corporate Update

GUELPH, ON / ACCESSWIRE / October 4, 2023 / Zentek Ltd. ("Zentek" or the "Company") (NASDAQ:ZTEK)(TSXV:ZEN), a graphene technology development and commercialization company is pleased to provide a corporate update and recap of its ZenGUARD commercialization efforts and other aspects of its operations over the past several months.

"Zentek has made significant strides on our ZenGUARD platform over the last number of months as we continue to push toward successful commercialization. The top priority is ZenGUARD, and while the Pest Management Regulatory Agency in Canada reviews our ZenGUARD-coated HVAC filter product submission, the team is focused on targeting potential customers, distributors and manufacturers in the HVAC space, while also ensuring all internal processes are optimized for a successful product launch" commented Greg Fenton, CEO of Zentek. "I'm incredibly proud of all the work our team has done to establish a foundation on which we believe we can capitalize on our patented and compelling ZenGUARD value proposition. Sustainable, growing revenue generation is our focus, and the entire organization is committed to making this a reality."

ZenGUARD

Patent

ZenGUARD received full patent status in Canada and applications have been made in 47 countries as Zentek prepares for possible expansion into other markets. The patent provides protection until 2041. The Company believes this will give its products - and the products of its partners - a competitive advantage in numerous countries around the world.

New Product Development Framework

Over the past year Zentek has established a formal new product development framework to guide evaluation, design, and development of products for commercialization. The process follows an industry-accepted, phase-gate approach that is crucial in supporting the successful development and commercialization of new products. The time and effort required to bring a new product to market like ZenGUARD-enhanced HVAC filters is substantial, and this framework ensures that the Company's efforts are focused on activities that fully validate a differentiated and compelling value proposition like our simple and effective solution to improve indoor air quality. The Company believes this framework will be a cornerstone of driving maximum long-term value not just from ZenGUARD products, but potentially from its other technologies as well.