HeiQ Plc

HUGO BOSS invested $5 million in HeiQ AeoniQ LLC, with an additional $4 million subject to milestones, and The LYCRA Company made a significant undisclosed investment to become exclusive distributor of HeiQ AeoniQ cellulosic yarn for textile applications.

HeiQ Plc has signed a collaboration agreement with The LYCRA Company to jointly develop and market new textile technologies, with the first innovation combining freshness and antiviral benefits with stretch fabrics to be launched in Q3 2021.

HeiQ Plc acquired 100% of Life Material Technologies Limited, Hong Kong, for an upfront consideration of US$6.45 million (US$2.55 million cash and US$3.9 million in shares), with additional earn-out of up to US$2.8 million. The acquisition strengthens HeiQ's antimicrobial technologies platform.