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- Nanollose (NC6) pens a collaboration agreement with Paradise Textiles in an aim to create a more sustainable fashion industry
- Under the agreement, the parties will work together to develop and manufacture yarn and textiles which will include Nanollose’s tree-free and forest-friendly Nullabor fibres
- Nanollose will provide an initial 135 kilograms of Nullabor-20 to Paradise, who will then convert the fibre into a variety of yarns and textiles for selected apparel makers and fashion brands
- If the collaboration proves to be successful, the parties will look to agree on terms for an ongoing supply of Nullarbor fibres to Paradise for use in the commercial manufacture of yarns and textiles
- Nanollose last traded at 8.2 cents on May 16
Bio-materials company, Nanollose (NC6) has penned a collaboration agreement with Paradise Textiles.
Paradise Textiles is a technology first, material science and innovation business, working to reinvent the fabric of fashion.
Paradise is the innovation hub of award-winning, apparel manufacturing group, Alpine Group, which is a partner to some of the biggest brand names in apparel, including The North Face, Under Armour, and Abercrombie and Fitch.
Under the agreement, Nanollose and Paradise will work together to develop and manufacture yarn and textiles which will include Nanollose’s tree-free and forest-friendly Nullabor fibres.
As per the agreement, Nanollose will provide an initial 135 kilograms of Nullabor-20 to Paradise. Paradise will then convert this fibre into a variety of yarns and textiles for provision to selected apparel makers and fashion brands.
“The collaboration lets us partner again with an organisation that shares our vision for creating a more sustainable fashion industry,” Nanollose Executive Chairman Wayne Best said.
“Paradise’s innovation capabilities and expertise will enable us to generate innovative, sustainable, and high-quality materials in keeping with the fibre itself. The collaboration will also generate the quantity and variety of samples required by brand partners.”
If the collaboration proves to be successful, the parties said they will work together in good faith to agree on terms for an ongoing supply of Nullarbor fibres to Paradise for use in the commercial manufacture of yarns and textiles.
Nanollose last traded at 8.2 cents on May 16.
