Innovative Textiles, Honeywell Sign Spectra® Supply Contract

Innovative Textiles Inc., a Grand
Junction, Colo.-based producer of man-made textiles for commercial applications, has procured a
long-term supply contract for ultrahigh molecular weight polyethylene Spectra® fiber from Honeywell
Specialty Materials, a business group of Morristown, N.J.-based Honeywell International Inc., for
use in its PowerPro® high-performance fishing line. Honeywell reports the contract may be worth $45

Since 1997, Innovative Textiles has incorporated Spectra, featuring one of the highest
strength-to-weight ratios of any man-made fiber, into its small-diameter, low-stretch PowerPro “
superlines,” using its proprietary braiding technology. The Spectra addition ensures smooth casting
and ease of use, the company reports.

“This partnership will assure our ability to continue to serve our current market segments
and reach out to new markets in fishing over the next several years,” said Konrad Krauland,
president, Innovative Textiles. “Spectra fiber is clearly the best material for fishing lines, and
results in a more durable and abrasion-resistant product than lines made from many other
polyethylene fibers.”

“[Spectra] has a long history of standing up to the extreme challenges of rope, cordage,
fishing line, and other maritime and deep-water applications due to its strength, durability, and
lightweight properties,” added Carleton Rowsey, Spectra fishing line marketing manager, Honeywell.

September 19, 2006