Ecofibre Ltd. (AU:EOF) has released an update.
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Ecofibre Ltd. has secured a significant supply agreement with Under Armour for its sustainable NEOLAST™ yarn, replacing traditional elastane in performance fabrics. The three-year deal will see Ecofibre’s Advanced Technologies division supplying Under Armour’s knitting mills and managing newly purchased manufacturing equipment. The partnership promises to revolutionize elastomeric yarn with a focus on sustainability and performance, anticipating an annual revenue of US$6.0m at full production.
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