RCS - Itaconix PLC - First Order for New Use in Sustainable Fashion

ItaconixAnnouncement

22/12/2021 07:00

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RNS Number : 4147W  Itaconix PLC  22 December 2021

For release at 07.00, 22(nd) December 2021

 

Itaconix plc

("Itaconix" or the "Company")

 

First Order for New Use in Sustainable Fashion

 

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based
specialty polymers used as essential ingredients in everyday consumer
products, is pleased to announce the first customer order in a new potentially
major application for its Itaconix® DSP 2K™ polymer.

The new customer is a leading European supplier to companies that produce
materials for the fashion and related industries. As a plant-based alternative
to fossil-based polymers currently used in the production process, the
Itaconix polymer is expected to create new opportunities for consumers to buy
more sustainable products.

John R. Shaw, CEO of Itaconix, said:

"We see broader application potential for our Itaconix® DSP 2K™ polymer
beyond its current use in detergents. Although this is a small order for
initial production for end customer sampling, this new application validates
the opportunity for our plant-based polymers to set new standards for
performance and sustainability in an emerging generation of consumer
products."

- ends -

 

Enquiries:

 

 Itaconix                                                     +1 (603) 775 4400
 John R. Shaw/Laura Denner

 Belvedere Communications                                     +44 (0) 20 3687 2756
 John West/Llew Angus

 finnCap                                                      +44 (0) 20 7220 0500
 Ed Frisby/Abigail Kelly/Milesh Hindocha - Corporate Finance

 Andrew Burdis/Sunila de Silva - ECM

 

About Itaconix

Itaconix uses its proprietary plant-based polymer technology platform to
produce and sell specialty ingredients that improve the safety, performance,
and sustainability of consumer products. The Company's current ingredients are
enabling and leading new generations of products in detergents, hygiene, and
hair care. Itaconix's contributions to the global low carbon economy are
recognised by the London Stock Exchange's Green Economy Mark.

www.itaconix.com (http://www.itaconix.com)

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