Textronics Inc., Wilmington, Del., an electro textile materials and system integration venture
formed by Wichita, Kan.-based INVISTA Inc., has spun off from Invista to become an independent
company.
The convergence of electronics and textile science is opening up exciting new markets for
fabrics that conduct, illuminate, sense and warm, said Stacey Burr, CEO, Textronics. Our goal is to
integrate electronics in ways that make textiles the provider rather than the container of new
functionality.
Using investment funding from Invista; NGEN Partners and Unilever Technology Ventures, both
based in Santa Barbara, Calif.; and New York City-based SAS Investors, Textronics will expand its
employee base; ramp up development of patented technologies; and commercialize promising apparel,
home, industrial and transportation textile applications. The company also will continue to have
access to Invistas textile development facilities.
July/August 2005
