Leading bio-materials company Nanollose Limited (ASX: NC6) has entered into a binding memorandum of understanding (MOU) with one of the world’s largest fashion retailers, Industria de Diseño Textil, S.A.
Nanollose is focused on commercialising scalable technology to create fibres and fabrics with minimal environmental impact.
INDITEX is a public company listed on the stock exchanges of Madrid, Barcelona, Bilbao and Valencia, and on the Automated Quotation System.
With numerous brands, including Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home, INDITEX sells into 215 markets through its online platform, and has over 6,600 stores in 96 markets.
Under the MOU, Nanollose and INDITEX have agreed to the non-exclusive delivery by Nanollose to INDITEX of samples of the company’s Tree-Free (and/or blended) nullarbor lyocell resulting from the company’s current pilot programme with Birla Cellulose.
During the pilot phase of product development, Nanollose will work with INDITEX, supplying samples of various materials for testing and prototyping, with the view to Nanollose gaining valuable commercial feedback, whilst INDITEX are allowed early access to the company’s materials to determine the potential for use in their various brands. Initial samples of the materials will be supplied to INDITEX at no cost.
