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.
K-One Tech is one of the 21 global licensees that has been selected by Nasa-JPL, out of the 96 companies from 42 countries that submitted their proposals for the Vital ventilator license.
It is the only company in Malaysia and in the Asean and East Asian regions to have been granted the license.