KUALA LUMPUR: K-One Technology Bhd
’s shares continued its winning streak in early trade Tuesday, jumping over 29% in early trade Tuesday after it secured a non-exclusive license to distribute ventilators.
The counter, one of the top gainers on Bursa Malaysia, surged 29.21%, or 13 sen to 57.5 sen with 43 million shares traded.
K-One has been granted a non-exclusive license agreement to manufacture and distribute Ventilator Intervention Technology Accessible Locally (Vital) ventilators worldwide, following a competitive assessment via California Institute of Technology (Caltech).
The ventilators are designed by Nasa’s Jet Propulsion Laboratory (Nasa-JPL) and targeted for Covid-19, and is not related to the conventional ventilator previously announced by K-One Tech.
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