Antimicrobial and textile odour control materials developer HeiQ (LON:HEIQ) has secured a development partnership with Hugo Boss for HeiQ AeoniQ, a high performance yarn. Hugo Boss is investing $5m in a subsidiary that holds the technology, which values that company at $200m, which is more than HeiQ’s market capitalisation.
The cash will be used fund a pilot commercialisation plant. Hugo Boss will inject up to $4m more depending on the achievement of project milestones. It also has an option to take a bigger stake.
AeoniQ is designed as a sustainable alternative to oil-based nylon and p...
