Creates sustainable textile finishing partnership

RNS Number : 1092A

HeiQ PLC

28 May 2021

 

This article is not intended to be distributed in the USA.

28 May 2021

HeiQ Plc

("HeiQ" or "the Company")

Creates sustainable textile finishing partnership

HeiQ Plc (LSE:HEIQ), an established global brand in materials and textile innovation which operates in high-growth markets, is pleased to announce a sustainable textile finishing partnership with Alchemie Technology ("Alchemie"), a leader in waterless, digital on-demand, smart dyeing technology, which will enable HeiQ customers to add its high performance technologies to textiles at significantly lower cost and in a much more environmentally friendly way.

Alchemie will commence roll out of its digital multifunction finishing solution, NOVARA, to the global textile market in Q3 2021. Work together so far has shown that using NOVARA for single-sided finishing of HeiQ Viroblock, for example, required 52% less chemistry, 66% water reduction and 50% less energy, whilst achieving a 99.7% reduction in antimicrobial activity after 15 washes at 400centigrade.

Carlo Centonze, Co-founder & CEO of HeiQ Group, said: "We're delighted to partner with Alchemie Technology and their journey to transform the textile industry with solutions that reduce the environmental impact of dyeing and finishing. With such compelling cost benefits, Alchemie's technology delivers both for the textile industry, and the environment."

Dr Simon Kew, Managing Director, Alchemie Technology commented : "Extensive testing using HeiQ's chemistry with our digital finishing technology has achieved exceptional finishing performance with half the chemistry required of traditional finishing methods.

"With the huge demand for high-performance antibacterial, antiviral finishing for face masks, medical apparel, gym wear, home furnishing, mattresses, and textiles for high-risk, high traffic areas such as train, plain seats, and more, our combined technology is critical for increasing protection and reducing environmental impact of these products."

For further information, please contact:

HeiQ Plc Carlo Centonze (CEO)	[phone]
Arlington Group Asset Management Limited (Financial Advisor and Joint Broker) Charles Cannon Brookes	[phone]
Cenkos Securities plc (Joint Broker) Stephen Keys / Callum Davidson	[phone]
SEC Newgate (Media Enquiries) Elisabeth Cowell / Robin Tozer / Megan Kovach	[phone] 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.

 

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