HeiQ, the textile materials technology innovator, has now become a publicly listed company on the London Stock Exchange Main Market. It was oversubscribed and raised a subscription to the tune of £60 million, before expenses.
The global pioneer in textile chemical market HeiQ, which is worth US $24 bn directly, has grabbed the US $10 bn anti-microbial textile market using its HeiQ-Viroblock technology.
Carlo Centonze – Co-Founder & CEO, HeiQ says on the occasion: “The listing with the LSE is a major milestone for HeiQ. We have spent 15 years building HeiQ to become one of the leading textile materials innovators in the world. The fundraise will enable HeiQ to capture more market share through increased sales of our core products to major brands. These have grown 17% in the first half of the year. The antimicrobial market, which has become a mainstream request, also presents a compelling growth opportunity going forward.”
HeiQ is the first spin-off of the Swiss Federal Institute of Technology, Zurich (ETH) to be listed outside of Switzerland and the only company to win the Swiss Technology Award more than once.
Durable Textile Technologies
HeiQ has to its name over 200 effective, sustainable and high-performance technologies in the market including the most sought-after virus blocking technology. Some of these technologies have been developed in partnership with over 300 major clothing brands.
The company has the ability to scale up manufacturing from its sites across the world as and when needed and helps partners market the product to end consumers – aiming for lab to consumer in a matter of months.
HeiQ’s latest innovation – HeiQ Viroblock – is an award-winning anti-microbial technology which helps fight against enveloped viruses, including SARS-Cov-2 that causes COVID-19. This technology is already being used by more than 150 major clothing brands. The company boasts of a total manufacturing capacity of 35000 tons a year across the USA, Switzerland and Australia together. HeiQ supplies its specialty chemical products to more than 60 countries around the world.