Pro-Tect buys nanotechnology method to enhance anti-aging extracts

The acquisition includes all patent and proprietary rights and property related to the technology, which is used in cosmetics and medical measurement devices in skin treatment.

Cosmetic potential​

For the cosmetics industry, Pro-Tect plans to use the technology to enhance the effectiveness of the anti-aging ingredients that it is in the process of developing.

Pro-Tect CEO Richard Rusiniak told CosmeticsDesign.com that the company plans to grow algae in order to market extracts for the anti-aging market.

The nanotechnology method from Medivices Corporation will then become relevant as a means of speeding up the penetration into the skin of these extracts.

Other uses​

Pro-Tect also intends to use the nanotechnology method to develop medical devices and products in other industries.

In a statement the company said: “Pro-Tect intends to oversee the development and manufacturing of the Medivices products and to facilitate the marketing and distribution of the products.”​

Completing the acquisition, Pro-Tect has issued 2.5 million shares of its common stock.