Molekule closed a partnership agreement with Sourcenext a market maker for brands in Japan. The agreement signals the next phase of growth for Molekule, which includes global expansion. In a commitment to Molekule’s innovation, Sourcenext has also invested $10 million into the company. The funds will be used for growth initiatives as the company prepares to meet strong global demand for an air purification solution that destroys airborne pollutants, including viruses and chemicals.
Nori Matsuda, Founder and CEO, Sourcenext said: “Molekule’s breakthrough and patented PECO technology is unique in the marketplace, offering a new solution that both captures and destroys air pollutants. We find Molekule to be on the cutting edge of air purification, leading with significant technological solutions, hardware design and software offerings and we are excited to bring their products into the Japanese marketplace for consumers there to experience a whole new approach to air purification.”
Jaya Rao, CEO, Molekule said: “We are deeply honored to have Sourcenext as both an investor and distributor in Japan. They sit at the intersection of hardware and software solutions, which suits Molekule well. As Japan is the third-largest economy in the world, we are excited to bring revolutionary air purification technology to the local market and further our mission of providing clean air for all.”
Air quality issues and the emergence of COVID-19 have created strong international interest in air purification. Molekule’s PECO technology is capable of oxidizing airborne viruses, bacteria, and even microscopic chemical pollutants. Molekule’s products meet all applicable performance criteria recommended by the U.S. FDA guidelines for use in helping to reduce the risk of exposure to SARS-CoV-2 in healthcare settings during the COVID-19 public health emergency and can destroy other airborne pollutants such as formaldehyde and ozone, two common lung irritants. Sourcenext will initially launch Molekule’s Air Mini+, which boasts enhanced particle sensing and Auto-Protect Mode, with additional products to follow.