Agreement includes $10M investment to be used for growth initiatives
SAN FRANCISCO, Sept. 28, 2020 /PRNewswire/ — Molekule, the company reinventing air purification, today announced that it closed a partnership agreement with Sourcenext, (listed on the first section of the Tokyo Stock Exchange, code: 4344), a market maker for brands in Japan including software, hardware, and IoT products. 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.
“Molekule’s breakthrough and patented PECO technology is unique in the marketplace, offering a new solution that both captures and destroys air pollutants,” said Nori Matsuda, Founder and