Itaconix PLC - New Supply and License Agreements with New Wave
New Supply and License Agreements with New Wave
Itaconix is pleased to announce that it has extended its commercial relationship with
The new dishwashing formulation is based on the new Itaconix® TSI™ 322 detergent polymer which the Company introduced last month. In
The supply agreement provides New Wave with certainty on the pricing and supply of up to 1,000,000 lbs. of the Company's detergent polymers over the next two years as New Wave volumes are expected to ramp-up from both existing and new customers.
John R. Shaw, CEO of Itaconix, stated: "We look forward to accelerating our work with New Wave on the opportunities ahead for a new generation of dishwashing detergents. With these agreements and other prospects providing a strong pipeline, I am excited about our growth trajectory and broader recognition our polymers are gaining as key differentiating ingredients in major consumer products."
For further information please contact:
+1 (603) 775 4400
John R. Shaw / Laura Denner
+44 (0) 207 496 3000
Peter Steel / James Moat (Corporate Finance)
Tom Salvesen (Corporate Broking)
Itaconix develops and produces bio-based specialty polymers that improve the safety, performance and sustainability of consumer and industrial products, with technology and market leadership positions in non-phosphate detergents, odor control, and hair styling.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
This information is provided by RNS, the news service of the
Quick facts: Itaconix PLC
Market Cap: £3.63 m
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