SYNIAD’S ANODYNE FILES NOVEL BIOTECHNOLOGY PATENT

VANCOUVER, BC, October 31st, 2021 – Syniad Innovations Inc (“Syniad”) is pleased to report that Anodyne Chemistries (“Anodyne”) filed its first patent relating to its proprietary nanowire.

Anodyne is a biochemistry company developing a platform to harness naturally occurring enzymes to create high-value fuels and chemicals.

Catalytic enzymes have been the subject of significant scientific interest over the last decade, but their reactions are slow and low yielding. Anodyne has discovered a scalable method of immobilizing enzymes to turn low-yield responses into controlled high-yield performance. This is a globally significant development that has the potential to create carbon-negative alternatives to a variety of industrial processes.

This latest technological milestone is an important one for the Company because it cements its leadership position in the direct bonding of catalytic enzymes to an electrode – a world first.  This is the critical step towards using enzymes to produce high-value chemistries from waste streams at industrial-scale yields.   The patent is broad in scope, designed to enable the company to match the best-performing enzyme with the highest-performing nanowire, making the overall system a much more extensible chemical production platform.

Commenting on today’s announcement, Iain Evans, Syniad’s CIO, said, “This is a great step forward for Anodyne and represents a globally significant scientific advance. What’s particularly important is how Anodyne has succeeded not just in demonstrating the principle of enzymatic catalysis in an electrochemical cell, but how that system can be flexibly tuned for an extraordinary range of high-value applications.”

Syniad’s mission is to transform breakthrough research into globally significant companies, to address major societal and environmental challenges. The business was founded in Vancouver in 2016 based on a purpose-driven investment thesis and a philosophy of proactively engaging with world-class researchers much earlier than traditional sources of capital.