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HeiQ commences trading on London Stock Exchange

08 Dec '20
3 min read
Pic: HeiQ
Pic: HeiQ

HeiQ, a leader in textile innovation, creating effective, durable and high-performance textile effects in the market and has a variety of technology categories, has announced that the company commenced trading on the London Stock Exchange from December 7. The admission follows an oversubscribed placing and subscription, raising £60 million (before expenses).
 
HeiQ is committed to provide new, cutting-edge and high-performance textile technologies and believes that this listing provides them with a fantastic platform through which to continue achieving this. 
 
“We would like to take this opportunity to thank you for your continued support, which has played a crucial role in making today’s listing possible. We look forward to working closely with you to ensure that our innovations help support your future growth and prosperity,” Carlo Centonze & Murray Height, co-founders at HeiQ, said in a press release.
 
“We have a very strong R&D pipeline which includes some truly exciting and innovative new technologies. Having received very strong demand for our equity from a range of institutions, we are in an even stronger position to bring these innovations to market quickly. We look forward to sharing more information with you regarding our innovations in the coming months,” Centonze & Height said.
 
HeiQ is a global, profitable pioneer in the $24 billion textile chemicals market, directly serving the $10 billion antimicrobial textile market with its recent Swiss Technology Award-winning HeiQ Viroblock technology. Founded in 2005, HeiQ has grown into a high growth, cash generative company which employs more than 100 people around the world.
 
The company has created some of the most effective, durable and high-performance textile technologies in the market today which cool, warm, dry, repel, purify and stop viruses. So far, HeiQ has developed over 200 technologies in partnership with over 300 major brands, including Burberry, GAP, New Balance, Patagonia, Speedo, The North Face and Zara.
 
The company’s aim is to deliver growth for its shareholders by driving increased sales of HeiQ’s core products and by entering additional lucrative markets through disruptive innovations: increasing market penetration of core innovations, including HeiQ Fresh AIR (developed for a leading Swedish home furnishing retailer), HeiQ Smart Temp (used by Japan’s biggest casual wear retailer and American clothing brand, Hanesbrands) and HeiQ clean tech (winner of the Swiss Environmental Award in 2019); building on the significant momentum achieved by HeiQ Viroblock: developing HeiQ’s licensing and royalty business, which will see the brand name HeiQ Viroblock licensed together with the technology to third parties in return for royalty payments; and developing new disruptive innovations: numerous projects in the R&D pipeline, including HeiQ GrapheneX for industrial filtration. The industrial filtration market was over $29 billion in 2020 - CAGR of 6.9 per cent from the period of 2020 to 2025.
 
“The antimicrobial market, which has grown into a mainstream request, also presents a compelling growth opportunity going forward. The launch of HeiQ Viroblock more than doubled HeiQ’s revenue in the first half of 2020. We look forward to innovating the antimicrobial field and regularly updating the market regarding new partnerships and contracts in the future,” Xaver Hangartner, chief financial officer at HeiQ, said.

Fibre2Fashion News Desk (JL)

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