Document Security Systems, Inc. ("DSS" or the "Company") (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced its wholly owned subsidiary Impact BioMedical, Inc. ("Impact BioMedical"), through its subsidiary Global BioLife, Inc. ("Global BioLife"), completed efficacy testing of its proprietary 3F Antiviral Biofragrance ("3F Biofragrance) at a biosafety level 3 containment facility at an independent university. The study demonstrated a 10-fold reduction in COVID-19 viral population on surfaces using 3F Biofragrance."We're extremely excited with the results of the study, which was based on a quantifiable, robust model and designed to treat high levels of the COVID-19 virus," stated Daryl Thompson, Global BioLife's Director of Scientific Initiatives and founder of advanced research company GRDG Sciences, LLC ("GRDG"). "As the world continues to battle COVID-19, common antimicrobial compounds have the potential to be overused, leading to new health concerns. We designed 3F Biofragrance to solve this issue through a multi-focal approach to inhibiting viruses that reduces the chances of developing resistance as seen with other antimicrobials."
3F Biofragrance was designed for the Open Air Defense Initiative, a strategy to protect locations where large numbers of people gather or transit such as airports, containment areas, train stations, convention centers, hospitals, and ports of entry. The Open Air Defense Initiative was created as a solution for Event 201, a pandemic exercise conducted in 2019 by the Johns Hopkins Center for Health Security, the World Economic Forum and the Bill and Melinda Gates Foundation. Event 201 highlighted areas where public/private partnerships are vital to respond to a severe pandemic. In addition to COVID-19, 3F Biofragrance is effective against E. coli, MRSA, Influenza, Rhinovirus, and Tuberculosis.
In the latest study, 3F Biofragrance demonstrated success as a surface disinfectant, killing the COVID-19 virus in concentrations as low as 1/5000 or 0.02%. In comparison, typical antimicrobial surface disinfectants have concentrations of 0.1% to 1.8%.
Impact BioLife is currently in joint development with multiple global cosmetics and consumer products companies for the commercialization of the 3F Biofragrance technology.
"3F Biofragrance has the potential to transform typical consumer products into weapons against the spread of COVID-19 and other viruses, and we look forward to providing updates on ongoing negotiations for global licensing and royalty agreements of this innovative technology," continued Thompson.
The global market for antimicrobial additives, estimated at $2.2 billion in 2020 and growing at a CAGR of 8.4%, is expected to reach $4.3 billion in 2027, according to Grandview Research, and the global fragrance ingredients market is expected to reach $16.1 billion by 2027, up from $13.6 billion in 2019, according to data from Allied Market Research.
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