Noveko International

Noveko International was a Canadian corporation headquartered in Boucherville, Quebec. Its activities combined antimicrobial environmental products with selected medical and healthcare technologies. The company was best known for antimicrobial air filters and antimicrobial surgical masks and respirators, products based on patented antimicrobial technology. It also produced or marketed hand sanitizers and portable ultrasound machines. The company operated at the intersection of infection-control products, indoor-air treatment, personal protective equipment, and medical devices. Its air filters and face masks were differentiated by the use of antimicrobial technology intended to inhibit the presence or growth of microorganisms on the relevant product surfaces. The company’s product range therefore addressed both institutional and personal settings, including healthcare-related applications, although the available reference material does not establish the full scope of its distribution network or regulatory approvals. Noveko became a publicly traded company on the Toronto Stock Exchange in July 2008 under the ticker EKO. Its public-market history was relatively short. In July 2013, the company failed to meet the exchange’s listing requirements, and its shares ceased to trade on the Toronto Stock Exchange. This marked a major reversal in the company’s corporate trajectory and limited its access to public capital markets. Noveko was also involved in a dispute with five former employees who left the company and established Industrie Orkan. Noveko accused the former employees of disloyal competition. The former employees, in turn, claimed that Noveko owed them unpaid salaries and commissions. The available material identifies the dispute but does not provide sufficient detail to establish its final legal outcome. In October 2014, Noveko announced that it intended to make a proposal under Canada’s Bankruptcy and Insolvency Act. That announcement indicates that the company was undertaking a formal restructuring or insolvency process. The available sources do not establish whether the proposal was accepted, completed, or followed by a successful continuation of the business. Noveko International is therefore treated here as defunct, while noting that the precise legal endpoint of the company is not fully documented in the supplied material.

Noveko International was based in Boucherville, Quebec, and developed a portfolio spanning antimicrobial filtration, protective medical apparel, sanitization products, and portable diagnostic equipment. Its principal technological identity came from patented antimicrobial technology used in its air filters and face masks. The company’s products were positioned around limiting microbial contamination in air-handling and personal-protection contexts. Its reported product categories included antimicrobial air filters, antimicrobial surgical masks, respirators, hand sanitizers, and portable ultrasound machines. This mix gave Noveko exposure to both environmental-health applications and medical-device markets. The supplied reference material does not provide a detailed account of manufacturing sites, sales channels, clinical partnerships, or the geographic markets served. Noveko’s shares were traded on the Toronto Stock Exchange from July 2008. The company’s public listing ended in July 2013 after it failed to meet the exchange’s listing requirements. The delisting was a significant corporate milestone because it removed the company from Canada’s principal public equity market and preceded the later insolvency-related announcement. The company also faced a dispute involving five former employees who departed and created Industrie Orkan. Noveko accused the former employees of disloyal competition. The former employees responded that Noveko owed them unpaid salaries and commissions. The available reference does not provide the pleadings, court jurisdiction, settlement terms, or final judgment, so the dispute is recorded without a definitive conclusion. In October 2014, Noveko announced plans to make a proposal under the Bankruptcy and Insolvency Act. Such a proposal is a formal Canadian insolvency mechanism through which a debtor may seek to compromise or restructure obligations with creditors. The available material does not confirm the proposal’s outcome or document a subsequent operating history. On the evidence supplied, Noveko International should be regarded as a defunct corporation, with its final legal status requiring further verification from Canadian corporate or insolvency records.

• 2014

  Planned insolvency proposal

  [1]Noveko Internationalen.wikipedia.org

  In October 2014, Noveko announced plans to submit a proposal under the Bankruptcy and Insolvency Act.

• 2013

  Loss of stock-exchange listing

  [1]Noveko Internationalen.wikipedia.org

  The company failed to satisfy Toronto Stock Exchange listing requirements in July 2013.

• 2008

  Toronto Stock Exchange listing

  [1]Noveko Internationalen.wikipedia.org

  Noveko International shares began trading on the Toronto Stock Exchange in July 2008 under the ticker EKO.

A Canadian healthcare and environmental-technology company focused on antimicrobial infection-control products and portable medical equipment.

• Air-filtration and environmental health

  Antimicrobial air filters

  Air filters incorporating Noveko’s patented antimicrobial technology. They represented the company’s environmental-health offering and were intended to combine conventional filtration with antimicrobial functionality.

• Personal protective equipment

  Antimicrobial surgical masks and respirators

  Surgical masks and respirators using the company’s antimicrobial technology. These products formed the principal personal-protection part of Noveko’s portfolio and were associated with infection-control applications.

• Healthcare and hygiene products

  Hand sanitizers

  Hand-sanitizing products included among Noveko International’s healthcare and infection-control offerings. The supplied sources do not specify formulations, brand names, or distribution details.

• Medical devices

  Portable ultrasound machines

  Portable ultrasound equipment represented Noveko’s medical-device activity. The available material identifies the product category but does not provide model names, technical specifications, or clinical-use details.

• 2014

  Planned proposal under the Bankruptcy and Insolvency ActOther

  Background

  After the company’s public listing had ended, Noveko announced that it intended to use a formal Canadian insolvency process.

  Action taken

  In October 2014, Noveko announced plans to make a proposal under the Bankruptcy and Insolvency Act.

  Aftermath

  The available source does not establish whether the proposal was accepted, completed, or followed by a continuing business.

  Source

• 2013

  Delisting from the Toronto Stock ExchangeOther

  Background

  Noveko failed to meet the listing requirements of the Toronto Stock Exchange.

  Action taken

  The company’s shares ceased to trade on the exchange in July 2013.

  Aftermath

  The delisting ended Noveko’s public-market trading on the Toronto Stock Exchange. The supplied material does not describe a replacement listing or financing.

  Source

• 2014

  Noveko announces planned proposal under the Bankruptcy and Insolvency Act[1]Noveko Internationalen.wikipedia.org

  Bankruptcy

  In October 2014, Noveko announced that it planned to submit a proposal under Canada’s Bankruptcy and Insolvency Act.

• 2013

  Noveko International loses Toronto Stock Exchange listing[1]Noveko Internationalen.wikipedia.org

  Regulation

  The company failed to meet Toronto Stock Exchange listing requirements in July 2013, ending the trading of its shares on the exchange.

• 2008

  Noveko International shares begin trading on the Toronto Stock Exchange[1]Noveko Internationalen.wikipedia.org

  Other

  Noveko International became listed on the Toronto Stock Exchange in July 2008 under the ticker EKO.

• Noveko International dispute with former employees and Industrie Orkan[1]Noveko Internationalen.wikipedia.org

  Lawsuit

  Noveko became involved in a dispute with five former employees who established Industrie Orkan. Noveko alleged disloyal competition, while the former employees alleged that unpaid salaries and commissions were owed to them.

1. 1Noveko Internationalen.wikipedia.org