REG - HeiQ PLC - HeiQ Synbio Secures Ecolab Contract Win

HeiqAnnouncement

22/04/2024 07:00

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RNS Number : 4177L  HeiQ PLC  22 April 2024

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time.

 

 

22 April 2024

 

HeiQ Plc

("HeiQ" or "the Company")

HeiQ Synbio Secures Ecolab Contract Win

HeiQ Plc (LSE: HEIQ), a leading company in materials innovation and hygiene
technologies, is pleased to announce that its Life Sciences Business Unit has
signed a significant distributor agreement with Ecolab Inc. (NYSE: ECL) to
supply HeiQ Synbio Cleaners, a product from the Company's industrial
biotechnology platform that uses natural synbiotic ingredients to achieve high
efficacy cleaning.

 

This five-year supply agreement with Ecolab, a world leader in water, hygiene,
and infection prevention solutions and services, will see Ecolab offer its
customers a range of cleaning products developed using the HeiQ Synbio
technology platform. HeiQ will receive an initial upfront payment of €1.8
million to support the investment needed for the first two years of market
introduction, and if successful, additional minimum contractual orders for the
following three years, generating minimum revenues of €11 million in
aggregate. Ecolab will have exclusive distribution rights in the field of B2B
cleaning for the European Union, EFTA countries and the U.K.

 

The HeiQ Synbio technology platform was developed by HeiQ Chrisal N.V., which
became part of the HeiQ Group in Q2 2021 as one of HeiQ's three capability
building acquisitions. This distributor agreement with Ecolab as a leading
hygiene channel partner follows HeiQ's significant investment into the HeiQ
Synbio technology platform during the last two years. The compounds have been
awarded the first EU Ecolabel for probiotic cleaning and are developed in
accordance with the new draft EU Detergent Regulation.

 

Carlo Centonze, co-founder and CEO, HeiQ plc, said: "We are thrilled to be
partnering with Ecolab, a global leader in the development and distribution of
hygiene and infection prevention solutions. This agreement validates the
disruptive qualities of our HeiQ Synbio industrial biotech platform and its
innovative first mover position in the market.

 

"Our partnership will see us work closely alongside Ecolab to co-develop
further exciting and innovative uses for our HeiQ Synbio technology platform,
creating the potential to open up additional new markets and application
fields. We are proud that with our HeiQ Synbio biotechnology we contribute to
improve people´s lives by adding hygiene, protection and sustainability to
products we use every day."

 

Adrian Studer, EVP & Market Head, Ecolab Europe said: "Our customers in
Europe are highly focused on sustainable cleaning solutions and in an
environment where regulations are rapidly changing, this agreement is one
example of the steps we are taking to meet our customers´ evolving goals and
our own purpose to drive positive impact on the planet.

 

"Working with HeiQ creates a complementary product offering with interesting
longer-lasting environmental control in specific cleaning environments that
works together with our existing best-in-class cleaning solutions. We look
forward to leveraging the power of Ecolab´s deep market expertise and our
salesforce breadth to drive implementation across Europe."

For further information, please contact:

 HeiQ Plc                                          +41 56 250 68 50

 Carlo Centonze (CEO)

 Cavendish Capital Markets Limited (Broker)        +44 (0) 207 397 8900

 Stephen Keys / Callum Davidson
 SEC Newgate (Media Enquiries)                     +44 (0) 20 3757 6882

 Elisabeth Cowell / Molly Gretton / Tom Carnegie   HeiQ@s (mailto:HeiQ@secnewgate.co.uk) ecnewgate (mailto:HeiQ@secnewgate.co.uk)
                                                   .co.uk (mailto:HeiQ@secnewgate.co.uk)

 

About HeiQ

Founded in 2005, HeiQ is a Swiss-based international company that is a global
leader in biotech ingredients and specialty chemicals for diverse applications
such as textiles, flooring, building materials, glass, plastics, probiotic
cleaning, cosmetics, and more. Working with more than 1000 partners in over 60
countries, our goal is to infuse ordinary products with extraordinary
qualities, offering our co-creation partners sustainable and disruptive
solutions across industries. Our business model focuses on the
commercialization of existing and as well as the incubation of new
technologies, driving shareholder value through sales growth, entry into
lucrative markets, and disruptive innovation. Our business model consists of
three distinct platform technology ventures, being HeiQ AeoniQ, HeiQ ECOS, and
HeiQ GrapheneX, and three growth-orientated commercialized business units
financing our ventures, being HeiQ Textiles & Flooring, HeiQ Life Sciences
(probiotic industrial biotech), and HeiQ Antimicrobials.

We have a robust track record of innovation, with over 200 technologies
developed in partnership with 300 major brands, including Hanes, Burberry,
HUGO BOSS, Lycra, Zara, Itochu, Bosch Siemens, Ecolab, Woellner, Americhem,
Lixil, and many more. Our global team comprises 230 professionals from 30
nationalities across five continents. We're committed to shaping a future
where everyday products drive positive change, one innovation at a time.

To learn more about HeiQ and our innovative solutions, visit www.heiq.com
(http://www.heiq.com/) .

 

About Ecolab

A trusted partner for millions of customers, Ecolab (NYSE:ECL) is a global
sustainability leader offering water, hygiene and infection prevention
solutions and services that protect people and the resources vital to life.
Building on a century of innovation, Ecolab has annual sales of $15 billion,
employs more than 48,000 associates and operates in more than 170 countries
around the world. The company delivers comprehensive science-based solutions,
data-driven insights and world-class service to advance food safety, maintain
clean and safe environments, and optimize water and energy use. Ecolab's
innovative solutions improve operational efficiencies and sustainability for
customers in the food, healthcare, life sciences, hospitality and industrial
markets.

 

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