Brief: Nextil Signs Agreement With Lavamar For Industrial Development Of Greendyes Natural-Based Dyeing

Nueva Expresion Textil SA

04/04/2024 07:21

April 4 (Reuters) - Nueva Expresion Textil SA  NXTE.MC :
    * AGREEMENT WITH LAVAMAR FOR INDUSTRIAL DEVELOPMENT OF
GREENDYES
NATURAL-BASED DYEING
    * AGREEMENT WITH INITIAL DURATION OF 4 YEARS
    * CONTRACT AIMS TO FINALISE DEVELOPMENT OF A NATURAL-BASED
INDUSTRIAL DYEING PROCESS THAT WILL ENABLE COMMERCIALISATION OF
GREENDYES
    * AGREEMENT INCLUDES EXCLUSIVE WORLDWIDE DISTRIBUTION OF
COMPLETE
SOLUTION TO SELECTED CUSTOMERS
    * AGREEMENT ALSO INCLUDES PARAMETERS FOR SETTING OF SALES
ROYALTIES, LICENSING OF RIGHTS AND JOINT STRATEGY FOR SELECTED
MARKETS
    * AGREEMENT IS PART OF NEXTIL'S GLOBAL STRATEGY, WHICH WILL
SOON
BE PRESENTED TO MARKETS

Source text for Eikon:  ID:nCNM2rYrzR 
Further company coverage:  NXTE.MC 

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