HeiQ has established HeiQ AeoniQ™ as a stand-alone company. This will allow our business partners to collaborate to bring finished products to consumers, and be part of the team that is pioneering this initiative to reverse the carbon footprint in the textile industry. We thank our partners who are essential for bringing HeiQ AeoniQ™ to you as soon as possible.
HeiQ has established HeiQ AeoniQ™ as a stand-alone company. This will allow our business partners to collaborate to bring finished products to consumers, and be part of the team that is pioneering this initiative to reverse the carbon footprint in the textile industry. We thank our partners who are essential for bringing HeiQ AeoniQ™ to you as soon as possible.
Brand Partner
HUGO BOSS is the first brand that committed to the HeiQ AeoniQ™ initiative with an equity investment of US$5m into HeiQ AeoniQ GmbH, giving this technology platform an implied valuation of US$200m. This initial investment was used to support the completion of the pilot commercialization plant. As part of the agreement, HUGO BOSS made a further mid-single-digit million US-Dollar payment following the achievement of previously agreed project milestones in Q2/22. HUGO BOSS also has gained an undisclosed call option allowing the company to invest further into the subsidiary at the same implied valuation as the current investment.
Strategic Partner
The LYCRA Company has become the exclusive distributor for HeiQ AeoniQ™ yarn by making a significant undisclosed milestone-driven technology fee investment. The LYCRA Company commits to leveraging its deep textiles knowledge and market channel access to prepare this new technology for broad use in apparel applications.
Brand Partner
MAS Holdings, a global apparel & textile manufacturing and tech conglomerate, headquartered in Sri Lanka with a global footprint across 16 countries, secured a stake in HeiQ AeoniQ™ in July 2023 as part of its plan for change initiative to support the development of next-generation cellulosic filament fibers to replace Polyester and Nylon. With this investment, MAS Holdings becomes the first garment manufacturer to partner with HeiQ AeoniQ™.
The MAS Plan for Change aims to generate 50% of the company`s revenue through sustainable products by 2025, revolutionizing the textile industry with a focus on innovation, sustainable sourcing and pioneering circularity at scale.
Brand Partner
HUGO BOSS is the first brand that committed to the HeiQ AeoniQ™ initiative with an equity investment of US$5m into HeiQ AeoniQ GmbH, giving this technology platform an implied valuation of US$200m. This initial investment was used to support the completion of the pilot commercialization plant. As part of the agreement, HUGO BOSS made a further mid-single-digit million US-Dollar payment following the achievement of previously agreed project milestones in Q2/22. HUGO BOSS also has gained an undisclosed call option allowing the company to invest further into the subsidiary at the same implied valuation as the current investment.
Strategic Partner
The Lycra Company (LYCRA) has become the exclusive distributor for HeiQ AeoniQ™ yarn by making a significant undisclosed milestone-driven technology fee investment. LYCRA commits to leveraging its deep textiles knowledge and market channel access to prepare this new technology for broad use in apparel applications.
Brand Partner
MAS Holdings, a global apparel & textile manufacturing and tech conglomerate, headquartered in Sri Lanka with a global footprint across 16 countries, secured a stake in HeiQ AeoniQ™ in July 2023 as part of its plan for change initiative to support the development of next-generation cellulosic filament fibers to replace Polyester and Nylon. With this investment, MAS Holdings becomes the first garment manufacturer to partner with HeiQ AeoniQ™.
The MAS Plan for Change aims to generate 50% of the company`s revenue through sustainable products by 2025, revolutionizing the textile industry with a focus on innovation, sustainable sourcing and pioneering circularity at scale.
HUGO BOSS is the first brand that committed to the HeiQ AeoniQ™ initiative with an equity investment of US$5m into HeiQ AeoniQ GmbH, giving this technology platform an implied valuation of US$200m. This initial investment was used to support the completion of the pilot commercialization plant. As part of the agreement, HUGO BOSS made a further mid-single-digit million US-Dollar payment following the achievement of previously agreed project milestones in Q2/22. HUGO BOSS also has gained an undisclosed call option allowing the company to invest further into the subsidiary at the same implied valuation as the current investment.
The Lycra Company (LYCRA) has become the exclusive distributor for HeiQ AeoniQ™ yarn by making a significant undisclosed milestone-driven technology fee investment. LYCRA commits to leveraging its deep textiles knowledge and market channel access to prepare this new technology for broad use in apparel applications.
Textiles can no longer be part of the problem when the call for sustainability has become an integral part of doing business. The only way to achieve global reach is by creating a worldwide network of partners for launching the brand, securing operational effectiveness, and creating the momentum for this game-changer fiber.
If you are a category, continental, or industry leader, committed to sustainability and high quality, as well as passionate about innovation, get in touch with us and become a brand partner, strategic partner, R&D partner or Operational partner, and be part of the first movers who will make HeiQ AeoniQ™ part of our daily lives.