Polygiene signs exclusive distribution agreement with Swedish material science company Prebona
Polygiene, world-leading provider of odor control for textiles, has signed an exclusive distribution agreement with Sweden-based material science company Prebona. The agreement extends initially over a period of three years and gives Polygiene access to Prebona’s patented OdorControl technology.
“For Polygiene, it is of strategic importance to offer different types of odor control technologies. Our collaboration with Prebona enables Polygiene to expand our product portfolio and present a stronger customer offering to both new and existing customers,” says Ulrika Björk, CEO, Polygiene AB. “We have been evaluated Prebona’s product for some time, and we are very pleased that they chose Polygiene as a partner. We are looking forward to launching the new product this fall."
“The agreement provides Prebona OdorControl with a strong position in the global textile market due to Polygiene's relationship with leading brands,” says Orvar Otterstedt, CEO, Prebona AB. “At the same time, we are pleased to partner with a highly competent and innovative company like Polygiene in a segment that, I believe, holds vast potential for our company’s products."
Prebona’s technology encapsulates and breaks down odor caused by bacteria on a garment. Polygiene has to date focused on preventing odor by stopping the growth of bacteria on the fabric. Both technologies complement each other; the agreement broadens Polygiene’s product offering and increases the company’s market opportunities.
This information is information that Polygiene AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, for publication on 3 July 2018 at 13.00 CET.
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Polygiene is a world-leading supplier of odor control and Stays Fresh solutions for clothing, sports equipment, fashion and other materials to help people stay fresh and confident. Polygiene brings the Scandinavian values of quality and care for the environment to life through its products and services. More than 140 global premium brands have chosen to use Polygiene Stays Fresh Technology in their products. Polygiene was established in 2006 and is listed on Nasdaq First North in Stockholm, Sweden. Erik Penser Bank AB acts as its Certified Adviser.
Prebona AB (publ) is a material science company that develops, markets and sells functional, environmentally friendly and cost-effective materials and coatings in the nanocoatings, agriculture and Prebona HealthCare AB business areas. Prebona's vision is to become a leading provider of functional surface coatings and substances. Prebona AB (publ) (PREBON) is listed on AktieTorget. For more information, visit www.prebona.com