Global Fiber Technologies Announces Retention Of Strategic Advisory Firm International Monetary

SOMERSET, N.J. — October 31, 2019 — Global Fiber Technologies Inc., a New Jersey-based textile fiber technology company, is pleased to announce that it has retained Newport Beach, Calif.-based International Monetary (IM) to develop and manage a comprehensive investor relations program and finance initiative.

“We are about to begin an aggressive roll-out of the Authentic Heroes products starting in the next few weeks. In addition, we are receiving tremendous interest for our ECOTEK360 sustainability platform by some of the world’s largest brands and textile companies stated Chris H. Giordano, president and chairman of Global Fiber Technologies.

In the past we have not really attempted with any conviction to roll out an investor relations program in the past, because up until now, we had very little to say. That has changed dramatically. It is now time the investment community learns about the disruptive nature of what we bring to our markets as well as the substantial financial opportunities it brings to our shareholders”

Paul Serbiak Global’s CEO stated: “We chose International Monetary because we wanted an experienced and well-connected investor relations firm that we felt was capable of keeping up with us, ready to get out there and communicate what we believe is a company with game changing technologies and trade secrets combined with a compelling value proposition, and the ability to exemplify our commitment to building shareholder value. This is a very exciting time for us and our shareholders in the continuing evolution of our company and we wanted a firm that shared our excitement as well as our vision,” said Serbiak.

M.B. “Blaine” Riley, III, managing director and president of IM, stated: “From the moment I met Chris and Paul and saw their portfolio of textile fiber technologies, I immediately recognized the enormous potential for this young company and wanted to be part of what I expect will be one of the most talked about stories of 2020 and beyond. The Global Fiber team are among some of the most driven, highly focused management teams I’ve ever had the pleasure of working with and I could not have met them at a more opportune time. They are at a breakout phase commercially and it’s now a perfect time to engage.”

“On the investor relations side, we will direct a series of initiatives to enhance shareholder value and ensure liquidity,” M.B. Riley continued. “We will introduce the company to a nationwide brokerage network comprised of broker-dealers and investment banks focused on the micro-cap and small-cap sectors. We will also leverage our relationships with these investment banks and work to try to secure select analyst coverage to open the door to millions of potential investors to unlock the true value of GFTX’s under-valued securities,” states M.B. Riley.

“Investor relations is just the beginning of what we intend to bring to this special company,” M.B. Riley said. “Through our investment banking and strategic advisory arm, we will harness the power of a large network of accredited investors, institutions, funds, underwriters and lenders who provide a range of early stage to later stage financings. We will also advise the company on matters such as capital resources, structured financing, mergers and acquisitions, and advise the company’s management on other strategic decisions,” states M.B. Riley.

Global Fiber Technologies operates three companies that are centered in the textile fiber industry in different capacities. Global’s portfolio of patent pending technologies and know how are germane to the authentication, rejuvenation and distribution of textile fibers. Each one of our companies will draw on its portfolio of IP and trade secrets to give GFTX a potential competitive advantage over the competition.

Posted October 31, 2019

Source: Global Fiber Technologies — International Monetary

Minneapolis-Based Acme Made Announces Retail Partnership With Best Buy Canada

MINNEAPOLIS — October 31, 2019 — Acme Made — a brand in The Airtex Group’s portfolio and a global provider of high-quality backpacks, totes and laptop/tablet cases and accessories — today announced that select Acme Made products will be available in Best Buy stores across Canada.

“Acme Made products have been requested and in demand by people in Canada. We are excited that we will now have locations there to support our customer base providing access to Acme Made products,” said Michael Noer, president of The Airtex Group and Acme Made.

Posted October 31, 2019

Source: The Airtex Group | Acme Made

Evolution St. Louis Receives Innovation Award From St. Louis Mayor For Tech Efforts

ST. LOUIS — October 31, 2019 — Evolution St. Louis, a premier high-tech knitting facility, recently received an Innovation Award from St. Louis Mayor Lyda Krewson. The award, given at the Mayor’s Business Celebration Luncheon, recognized Evolution St. Louis for contributing to the city’s efforts to establish St. Louis as a startup and technology hub.

“Evolution St. Louis is the most high-tech, highly advanced knitting facility in the United States right now,” said Jon Lewis, co-founder of Evolution St. Louis. “Our high-tech flat-bed knit manufacturing facility will revitalize the knit sector and create the supply chain of the future using innovative 3D, complete garment and fully-fashioned knit technology.”

Evolution St. Louis was one of two recipients of the award this year. The downtown St. Louis factory expects to begin production in November.

“We’re thrilled Evolution St. Louis is investing in our community by attracting talent and offering the facilities and technology needed to support brands and retailers not only in St. Louis, but also in New York, LA and across North America,” Krewson said. “St. Louis has a long history in manufacturing. With the help of the cutting-edge machines and technology at Evolution St. Louis, we can reestablish St. Louis as a fashion and manufacturing leader in the United States.”

Evolution St. Louis will bring meaningful jobs with mentoring and structured job training for in-demand, high-tech roles to St. Louis. The company expects to create 50 to 60 jobs within the first three years, with additional jobs added as the company expands.

“Evolution St. Louis is establishing a new industry sector for the knit category,” said John Elmuccio, co-founder of Evolution St. Louis. “We have the most advanced knitting technology and software in the United States, and we look forward to working across a range of industries to reinvent, recreate and reignite the knit sector.”

Posted October 31, 2019

Source: Evolution St. Louis

COTTON USA™ And Oritain™ Ink New Partnership For Traceability

MEMPHIS, Tenn. — October 31, 2019 — COTTON USA™ and Oritain™ have signed a partnership to provide industry leading, forensic verification of origin for all U.S. cotton. A global first for the cotton industry, this collaboration will give brands and retailers the assurance they need to make responsible sourcing and purchasing decisions.

“We’re thrilled that Cotton USA is taking the lead when it comes to traceability,” said Rupert Hodges, executive director, Oritain. “We want to support Cotton USA who are making a conscious effort to find real, workable ways of farming more sustainably. The result is an incredibly high-quality crop that not only performs well but supports the environment. Now through Oritain, customers who choose U.S. cotton can have total confidence that they are getting the product that they sourced.”

While this level of traceability is new, the U.S. cotton industry has always strived to produce and deliver high quality cotton that is the most sustainable cotton in the world. This ambition is already being realized through improved fiber properties, increased productivity and a shrinking environmental footprint.  All cotton-producing regions in the U.S. are aiming to further reduce greenhouse gas emissions, soil loss, water, energy and land usage.

“This partnership with Oritain will provide Cotton USA with a unique selling point in both domestic and export markets,” said Bruce Atherley, executive director, Cotton Council International. “Now U.S. cotton will offer the highest level of end-to-end traceability in the industry, combined with a raw material that is leading the way in terms of sustainable practices — two things that global clothing brands now demand from their suppliers.”

To achieve the level of traceability that the industry is demanding, Oritain’s unique method applies forensic science to detect trace elements in the cotton itself. Soil composition and other environmental factors give the cotton an inherent ‘fingerprint’ specific to each location — what Oritain calls the Origin Fingerprint.  This is the only way to be absolutely sure of where particular cotton was grown. Cotton can be tested at any stage on its journey from farm to shop floor, giving buyers complete assurance that the product has not been substituted along the way.

Guaranteeing origin will address traceability challenges faced by the global cotton industry, including minimizing the risk of supply chain partners blending the product with lower quality fibers.

“Global supply chains are incredibly complex and the potential for blending and other illegal activity in the production of cotton textile products is large. However, given that Oritain’s Origin Fingerprint cannot be altered or faked, Cotton USA and their customers can be safe in the knowledge that their product is exactly what it says it is,” said Hodges.

This new partnership follows a successful pilot program and rigorous blind test for Oritain, during which samples were collected across Arkansas, Mississippi, Oklahoma and Tennessee, and subsequently identified with 100-percent accuracy.

Posted October 31, 2019

Source: COTTON USA; Oritain

COREtec® Flooring Offers Foundation For Veteran Healing — Shaw Brand Announces Partnership With Homes For Our Troops

DALTON, Ga. — October 30, 2019 — COREtec is proud to announce its official partnership with Homes For Our Troops® (HFOT) — a nonprofit organization that builds and donates specially adapted custom homes nationwide for severely injured post-9/11 Veterans — as the organization’s exclusive flooring provider.

To commemorate the start of this partnership between the innovative flooring provider and the Veteran non-profit organization, a signing event took place on October 28, 2019 with members from COREtec, Shaw Industries Group Inc., and HFOT present.

As part of Shaw Industries, COREtec continues Shaw’s commitment to creating a better future in the communities it serves. This partnership was facilitated through ShawVET, an associate resource group that supports military service members, Veterans and their families throughout the company.

“We’re honored to work with an organization like Homes for our Troops — one that is positively impacting Veterans and their families,” stated Kevin O’Meara, Shaw vice president of integrated supply chain, Veteran and executive sponsor of ShawVET. “This relationship with HFOT allows Shaw and COREtec to be a part of the healing journey for injured Veterans. Providing durable, waterproof floors that are compatible with mobility aids and service animals helps to ensure they have safe, accessible and comfortable homes to support the next chapter of their lives as Veterans.”

Since 2004, HFOT has built over 280 specially adapted homes nationwide for severely injured post-9/11 Veterans. Homes for our Troops has been officially evaluated as one of America’s highly rated Veteran and military charities. In addition to providing accessible, specially designed homes for injured Veterans, the organization also offers pro-bono financial planning to all home recipients to ensure their success as a homeowner and a peer mentoring program consisting of Veterans and spouses in the HFOT program.

Posted October 30, 2019

Source: COREtec — Shaw Industries Group, Inc.

Techtextil India Preview: Picanol

YPRES, Belgium — October 29, 2019 — Picanol will be present with an infobooth throughout Techtextil India that will be fully staffed. Amongst our representatives will be product specialists and the booth will be located in the Weaving Hall B25.

Picanol and technical textiles

Driven by extensive investments in R&D, Picanol has grown into an industry leader for high-tech weaving machines in the sector of technical textiles.

Many recent developments clearly highlight this point. One is the growing success of the super-wide rapier machines, which can be equipped with positive guided grippers in widths up to 540 centimeters (cm). Indeed, they are being considered as a valid alternative to projectile machines in such applications as agrotextiles, packaging, and carpet backings.

Another innovation is the introduction of wasteless LHS in four colors (“Ecofill 4”) demonstrated during the last ITMA Barcelona for selected fabrics, such as para-aramides, where huge cost savings in regard to waste can be obtained. Furthermore, there is the new SmartShed technology which was introduced on the most recent OmniPlus-i airjet machine and also on display at ITMA, weaving car seat fabric with 14 harness frames at very high speeds. These introductions complete Picanol’s offerings for coated fabrics, conveyor belting, glass fiber, tire cords and airbags, among other things.

Picanol supplies weaving machines to weaving mills worldwide, and also offers its customers such products and services as weaving accessories, training, upgrade kits and spare parts. For more than 80 years, Picanol has played a pioneering role in the textile machinery industry, and is one of the current world leaders in weaving machine production. Picanol is part of Picanol Group (Euronext: PIC).

In India, Picanol operates three wholly-owned subsidiaries in New Delhi, Mumbai and Coimbatore. These subsidiaries offer sales support and a complete range of services for all Picanol products.

Posted October 30, 2019

Source: Picanol

Eastman Joins Textile Exchange And Participates In Textile Sustainability Conference

KINGSPORT, Tenn. — October 24, 2019 — Eastman, the maker of sustainably sourced Naia™ cellulosic yarn, has joined Textile Exchange, the global nonprofit member organization committed to reducing the textile industry’s impact on the environment. Natalia Allen, Eastman textiles sustainability leader, participated in a roundtable discussion on biodiversity at the 2019 Textile Sustainability Conference, held in Vancouver, British Columbia, October 15-18. The annual international gathering brought together brands, retailers and companies from across the textile world — all seeking to create a more sustainable and responsible fiber and materials industry. Naia was also featured in Vancouver at the C.L.A.S.S. booth; C.L.A.S.S. is a global resource for smart material innovation.

“I’m pleased to highlight Eastman’s company-wide commitment to sustainable forestry management as an example of how the company has integrated land and biodiversity considerations into its business model,” Allen said. “And to raise awareness about Naia, a versatile, eco-friendly material for sustainable fashion.”

Naia is made from fully traceable and sustainably sourced wood pulp in a safe, closed-loop process where solvents are recycled into the system for reuse. Naia has an optimized, low-impact manufacturing process with a low tree-to-yarn carbon and water footprint. Eastman and its wood pulp suppliers hold FSC® and/or PEFC™ Chain of Custody certifications. Eastman has partnered directly with FSC to promote FSC Mix (FSC-C140711) for Eastman Naia cellulosic yarns.

In addition to its Textile Exchange membership, Eastman joined the Ellen MacArthur Foundation’s Circular Economy 100 to create solutions to enable a more circular economy. Eastman has also partnered with Canopy to collaborate on the conservation of the world’s ancient and endangered forests. Naia recently sponsored the Redress Design Award, the world’s largest sustainability fashion design competition.

“We’re delighted to become members of the Textile Exchange and collaborate in building solutions to help improve the environmental footprint of the textiles industry,” said Ruth Farrell, Eastman global director of marketing for textiles. “We look forward to working closely with Textile Exchange to build community and collectively drive transformation in materials, standards and responsible supply networks.”

Posted October 30, 2019

Source: Eastman

New Beginnings For 2020 At Texworld USA And Apparel Sourcing USA This Winter Edition

NEW YORK CITY — October 29, 2019 — The Winter 2020 edition of Texworld USA comes with exciting updates and a new artistic direction from the influential New York-based agency, The Doneger Group. With a unique and creative flair, The Doneger Group will spearhead the must-attend industry event, the Texworld Showcase, offering trend insights on the newest colors and textile offerings for the Spring/Summer 2021. This edition’s trend showcase is called The Next Dimension and will feature four themes, Fundamental, Diaphanous, Alteration, and One World. Highlighting functional and quality-made fabrics, visitors can look forward to an array of fabrics that move beyond performance and design.

An industry source for education and inspiration, each edition of Texworld USA and Apparel Sourcing USA has a central focus. The direction for 2020 is a spotlight on innovation through the evolution of today’s fabrics: denim, cotton, and functional fabrics.

Aligning with the 2020 spotlight and continuing the conversation from last edition’s FASHIONSUSTAIN, Texworld USA welcomes the debut of FASHIONINNOVATE, a one-day conference dedicated to tools and innovative fabrics that address industry challenges and will assist companies in the quest for sustainability. Opening its doors on Sunday, January 19, 2020, the conference will allow industry experts to cover topics such as technology tools, bio-synthetics, smart textiles and more, that will inspire and offer solutions for the growing industry standards. This Winter will also host an Innovation Showcase on the show floor, featuring a curated selection of cutting-edge textiles, materials, and technologies.

Returning with a host of cutting-edge companies exhibiting this January, is industry leader, brrr°. After realizing a need for an authentic cooling technology, entrepreneur Mary-Cathryn Kolb began working with technicians in Taiwan, and in 2014, brrr° was established. Powered by breakthrough technology, the company uses a proprietary blend of natural cooling minerals, active wicking and rapid drying technologies that work together to create a Triple Chill Effect that instantly and continuously draws heat and moisture away from the skin. “This show [Texworld USA] is a can’t-miss opportunity for brrr° because it connects us with some of the most influential decision-makers who are looking for innovative technologies that give them an edge in a very competitive marketplace,” said Mary-Cathryn Kolb, founder and CEO of brrr°. A premiere functional fabric for every day, brrr° offers next-generation technology, such as advanced methods for dispersion, ways to increase the surface area of the minerals in the yarn to amplify the cooling effect.

Adding to the strong educational program, Lenzing Fibers returns to Texworld USA with a robust series focused on finding dynamic solutions to industry and environmental problems. “We’re looking forward to a new year in sustainable sourcing opportunities. Despite the apparel industry sourcing challenges, we see Texworld USA as an opportunity for alternative sourcing solutions for today’s market. The Lenzing Innovation Seminar Series includes topics ranging from sustainability, tech, and sourcing” commented Tricia Carey, Lenzing Fiber’s director of Global Business Development. “We think the assortment of new mills participating at the show covers a variety of customer needs, from the larger brands to DTC customers.  With that, Lenzing has recommendations for sourcing fabrics with TENCEL™ Lyocell and Modal.”  The Texworld USA Educational Program including Lenzing Innovation Seminar Series and Textile Talks is open to all registered Texworld USA and Apparel Sourcing USA attendees. Seating is available on a first-come-first-serve basis.

A forum for the industry to explore high-quality apparel fabrics, trims and accessories at reasonable prices, Texworld USA covers over 18 product categories, including cotton, denim, functional fabrics, jacquard, drapery and tailoring, silky aspects, and more. Visitors searching for information on trends in textiles will have the ability to network with manufacturers and suppliers, as well as come away with insights from the line-up of complimentary educational sessions that dive into trends in the industry, sustainable solutions, and innovation in technology.

“We chose innovation as the direction for 2020 as a way to call attention to the inventiveness in the industry and take steps towards synchronizing sustainability and innovation,” said Jennifer Bacon, show director of fashion and apparel. “By adding elements like FASHIONINNOVATE and the curated innovation showcase, we achieve our objective to elevate our platform by bringing in the brightest minds to spread awareness on these topics.”

Lastly, Texworld USA is excited to welcome the return of Local Loft. Better than before, Local Loft addresses the growing demand of low to mid-level minimums. Focusing on domestic suppliers, Local Loft is a designated area at the show that provides direct access to apparel fabric buyers, research and development specialists, designers, and fashion companies. Connecting broader groups of domestic apparel service providers to those seeking US-based production options, in-stock/inventory, and small quantity options in a unique platform, Local Loft is designed to mitigate the need for speed-to-market by offering a forum to source domestic raw material suppliers and factories.

Posted October 30, 2019

Source: Messe Frankfurt USA

Revolutionizing Future Of Footwear: BASF And Mizuno Upscale Performance Training Shoes

TOKYO — October 30, 2019 — In line with its strategy to fuel the future of footwear with winning material solutions, BASF introduces Elastopan® polyurethane for the midsole of Mizuno’s new training footwear — TC-01 and TC-02. The high-performance material solution enables Mizuno’s ‘Center of Balance’ (COB) technology that accurately transmits information to the soles of the feet through activation bumps molded into the surface of the midsole. The training shoes TC-01 and TC-02, made with BASF’s PU materials, were developed to pursue improved balancing capabilities, and in turn, advance athletic performance.

“Balance is a key requirement for a wide variety of sports. By improving balance, we have made a positive impact on athletic performance and shaped the future of footwear,” said Natsuki Sato, Global Footwear Product Division, Mizuno Corp. “Mizuno has always emphasized the importance of product innovation as a key growth driver for our company. Using BASF’s advanced material solution in the midsole’s new geometries has been pivotal in helping us to successfully produce the new training footwear.”

The new optimized polyurethane grade introduced in Mizuno’s new training footwear has high hydrolysis resistance and good bonding strength. Unlike conventional materials, BASF’s polyurethane materials can conform easily and seamlessly to the uneven shape of the activation bumps molded into the surface of the midsole.

“Innovation is a key pillar of BASF’s growth. BASF has always been committed to exciting the market with the best innovations for footwear brands at every level, and we have effectively done that again for Mizuno’s new training footwear,” said Manfred Pawlowski, vice president, Consumer Industry, Performance Materials, BASF Asia Pacific. “Sharing a common goal of pursuing innovation and performance, we are confident that our polyurethane midsole, combined with Mizuno’s COB technology will maximize comfort and functionality in footwear applications.”

Mizuno’s new training footwear, TC-01, and TC-02 are available globally.

Posted October 30, 2019

Source: BASF’s Performance Materials division

American Silk Mills Adds Jeffrey W. Smith As Director Of Sales

HIGH POINT, N.C. — October 30, 2019 — American Silk Mills announced today that Jeffrey W. Smith has joined the company as director of sales. Smith will report to David Corbin, CEO of American Silk Mills. The addition of Smith will help fulfill the company’s business development strategy and strengthen its sales capabilities.

Smith has more than 20 years of experience in the home furnishings industry. Prior to joining American Silk Mills, Smith worked for Hughes Furniture Industries as national sales manager where he was responsible for hiring, training and managing its sales team. Smith also worked directly with merchandising and product development to create new products, as well as develop marketing and training programs with the companies he has represented. Smith held executive positions of vice president of sales and vice president of Business Development at Ashley Furniture Industries, Regional Sales Manager at Broyhill Home Furnishings and vice president of sales at Lane Home Furnishings.

“We are very pleased to welcome someone with Smith’s knowledge and experience to the American Silk Mills team,” said David Corbin, CEO of American Silk Mills. “We believe his leadership in this industry will help us continue to provide our customers with innovative strategies and solutions, as well as create an immediate impact for the company.”

In his role, Smith will be instrumental in analyzing the growth opportunities for American Silk Mills. He will assist in hiring additional sales representatives focused on the residential, jobber and designer end markets, while also leading business expansion into the Northwest, Southwest, Midwest, Southeast, and International territories.

“It’s a great opportunity to be part of American Silk Mills, a company rich in both heritage and transformation,” said Smith. “I’m looking forward to building lasting customer relationships and growing our business both domestically and internationally.”

American Silk Mills was acquired by Sutlej Textiles and Industries Ltd. in November 2017. ASM was founded in 1896 and remains among the oldest and most established of the American textile brands. The company specializes in designing, weaving and distributing innovative textiles to customers across residential, contract, transportation and specialty markets. ASM products include fine jacquard textiles, high quality silks, a variety of luxurious velvets and Sensuede®, an eco-friendly synthetic suede.

Sutlej Textiles and Industries Ltd. is the flagship textiles company of the KK Birla Group headquartered in India. It is a leading textile solutions provider, producing a range of products including value-added and specialty yarns, fabrics for home furnishings, contract drapery and upholstery. Sutlej currently serves a global clientele with its presence in major developed and emerging markets across more than 65 countries. The company is an internationally-recognized industry leader in the use of state-of-the-art technology and the implementation of eco-friendly and sustainable manufacturing practices and processing.

Posted October 30, 2019

Source: Sutlej Textiles and Industries

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