TIDMHEIQ
HeiQ PLC
16 July 2021
16 July 2021
HeiQ Plc
("HeiQ" or "the Company")
Collaboration Agreement with The LYCRA Company
HeiQ and The LYCRA Company take textile performance to
unprecedented levels
HeiQ Plc (LSE: HEIQ), an established global brand in materials
and textile innovation that operates in high-growth markets,
announces that it has signed a collaboration agreement to take
textile performance to unprecedented levels with The LYCRA Company,
a billion dollar global company known for its innovative and
sustainable solutions for the textile, apparel, and personal care
industries.
-- The collaboration will lead to the launch of many new
innovative, quality-enhancing and sustainable textile technologies
addressing needs for stretch, antimicrobial, freshness, warming and
cooling. HeiQ's finished-based innovations and The LYCRA Company's
branded fibers and fabrics will be marketed jointly by both
companies to each of the companies' international customer-bases.
This will take HeiQ's innovative and sustainable innovations to new
audiences with a high-profile partner.
-- The first innovation will be launched in Q3 2021, combining
HeiQ's freshness and antiviral benefits with the quality and
comfort of The LYCRA Company's stretch fabrics, bringing a new
dimension of comfort and confidence to consumers.
o This will initially be marketed to yarn processors, fabric
mills, garment producers, brands and retailers in China, with the
launch planned at the Intertextile show in Shanghai at the end of
August.
-- The companies will work together to develop additional
consumer-branded innovations in the stretch, cooling and warming,
freshness and sustainability market spaces to address consumer
demand for quality, durable, and sustainable garments.
Carlo Centonze, co-founder and CEO of HeiQ, said:
"This collaboration with one of the world's most recognisable
ingredient brand names in fashion is a strong endorsement of the
work we do to improve the lives of people through textiles and
materials innovations. On listing, we stated that we would achieve
growth through increased penetration of our core innovations and by
strongly increasing consumer awareness of the HeiQ brand. This
landmark agreement is completely in line with this strategy. We are
excited to take our brand to loyal customers of The LYCRA Company,
whose name is recognised by consumers around the world due to the
quality and efficacy of their fibers and fabrics, starting with the
largest textile industry in the world, China. Not only does today's
agreement demonstrate the continued call for antimicrobial
technology despite the vaccine roll-out, it also highlights the
ongoing demand for our high-performance textile technologies which
helps regulate temperature and provide comfort in an
environmentally friendly way."
Steve Stewart, Chief Brand and Innovation Officer at The LYCRA
Company, said:
"We are pleased to announce the launch of this collaboration,
the culmination of conversations that began two years ago. By
combining the strength of both companies, we will continue to drive
meaningful innovation within the textile industry, delivering new
solutions at a quicker pace to a broader audience."
Julien Born, President & CEO at The LYCRA Company said:
"The collaboration is based on a strong foundation of common
values and philosophies shared by our two companies. We look
forward to exploring the natural synergies between us and
uncovering new solutions for the apparel industry."
For further information, please contact:
HeiQ Plc
Carlo Centonze (CEO) +41 56 250 68 50
Arlington Group Asset Management Limited
(Financial Advisor and Joint Broker)
Charles Cannon Brookes +44 (0) 207 389 5017
---------------------
Cenkos Securities plc (Joint Broker)
Stephen Keys / Callum Davidson +44 (0) 207 397 8900
---------------------
SEC Newgate (Media Enquiries) +44 (0) 20 3757 6882
Elisabeth Cowell / Robin Tozer / Megan Kovach HeiQ@s ecnewgate
.co.uk
---------------------
About HeiQ
HeiQ is focused on improving the lives of billions of people
world-wide by innovating the materials people use every day. It is
an IP-rich pioneer which is at the forefront of global technology
in the $10 billion antimicrobial fabrics and $24 billion textile
chemicals market. It has also moved into the medical device,
healthcare and probiotics markets, to help make hospitals and
healthcare environments more hygienic.
HeiQ has created some of the most effective, durable and
high-performance technologies and textile effects in the market
today, which cool, warm, dry, repel, purify, and destroy viruses.
Since 2005, HeiQ has developed over 200 technologies in partnership
with 300 major brands. It has won multiple awards and gained a
strong reputation for sustainability.
Led by an experienced management team, HeiQ rapidly researches
new solutions for partners, quickly delivers scaled up
manufacturing from its sites across the world and helps partners
market the product to end consumers - aiming for lab to consumer in
months.
HeiQ aims to deliver growth for its shareholders through a
combination of increased sales of its core products and by entering
additional lucrative markets through disruptive innovations and
M&A. It has a healthy R&D pipeline containing over 40
projects.
About The LYCRA Company
The LYCRA Company innovates and produces fiber and technology
solutions for the apparel and personal care industries.
Headquartered in Wilmington, Delaware, The LYCRA Company is
recognized worldwide for its innovative products, technical
expertise, sustainable solutions, and unmatched marketing support.
The LYCRA Company owns leading consumer and trade brands: LYCRA(R),
LYCRA HyFit(R), LYCRA(R) T400(R), COOLMAX(R), THERMOLITE(R),
ELASPAN(R), SUPPLEX(R), and TACTEL(R). The LYCRA Company's legacy
stretches back to 1958 with the invention of the original spandex
yarn, LYCRA(R) fiber. Today, The LYCRA Company focuses on adding
value to its customers' products by developing unique innovations
designed to meet the consumer's need for comfort and lasting
performance. For more information, visit www.thelycracompany.com
.
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