Sona Nanotech Inc. announced an innovative research initiative to be undertaken with The Giacomantonio Immuno-Oncology Research Group (the Research Group). This study aims to evaluate the efficacy of Sona's Targeted Hyperthermia Therapy (THT) technology in not only attenuating the development of colorectal, breast, and melanoma tumor models in mice but also in facilitating systemic immune responses. The study posits that the combined utilization of Sona's gold nanorods via its Targeted Hyperthermia Therapy, alongside precise immune modulation, will result in elevated immune activation and anti-tumor responses within the mouse models of colorectal cancer, breast cancer, and melanoma.

To facilitate the study, the Company and the Research Group have entered into a Research Agreement under which experiments will be conducted. The experiments will explore immune reprogramming by tumor antigen transfer as well as tumor response and immune modulation in subcutaneous tumor models following treatment with various immunotherapeutic interventions. The Company will cover up to a maximum of $80,000, which is approximately 40% of the study's anticipated cost, which will include in- kind contributions of the Company and its laboratory.

The Research Group will provide various interim results to be provided to the Company and will have the right to publish findings from the study. The study is to be conducted at the Giacomantonio Laboratory at Dalhousie University in Halifax, Nova Scotia. The results of the study are anticipated to provide data that will form part of any future regulatory submissions in support of the development of its Targeted Hyperthermia Therapy.