Business
iFabric Corp Announces Exclusive License Agreement with Les Innovation Simon Chang
MARKHAM, ON / ACCESSWIRE / March 16, 2023 / iFabric Corp. ("iFabric" or the "Company") (TSX:IFA)...
About this update from Ifabric Corp.
[{"type":"text","content":"iFabric Corp Announces Exclusive License Agreement with Les Innovation Simon ChangMARKHAM, ON / ACCESSWIRE / March 16, 2023 / iFabric Corp. (\"iFabric\" or the \"Company\") (TSX:IFA)(OTCQX:IFABF), is pleased to announce the execution of an exclusive license agreement between Les Innovations Simon Chang Inc. (\"Simon Chang\") and iFabric's wholly-owned subsidiary company, Intelligent Fabric Technologies (North America) Inc. (\"IFTNA\"). The license provides IFTNA with the right to use the Simon Chang trademarks in connection with the manufacture and distribution of men's and women's swimwear, athleisure, underwear, sleepwear/loungewear, ready-to-wear fashionwear, swim accessories and cover-ups, to retailers and distribution channels approved by Simon Chang in North America, Europe and Australia.\"We are honored to partner with Simon Chang, a Canadian icon in the fashion industry,\" said Giancarlo Beevis President and CEO of IFTNA. \"Innovation is core to the DNA of both Simon Chang and IFTNA and we look forward to leveraging that shared strength and focus through this collaboration. This license marks a meaningful addition to IFTNA's portfolio of licensed and proprietary brands,\" continued Mr. Beevis. \"The new collections will feature innovative fabrics and proprietary fabric technologies that offer added performance attributes and improved fit, all to enhance the wearing experience,\" concluded Beevis.\"I've always strived to bring new and exciting lifestyle solutions to people's wardrobes\" says Simon Chang. \"I'm excited to collaborate with IFTNA because what's new in fashion today is to dress in technology. With their amazing research and development, IFTNA is providing the fashion industry with new tools to improve both the production and consumption of fashion,\" continued Mr. Chang. \"Cutting-edge materials with intelligent properties such as anti-odor, UV protection and quick dry will change not only how we wear fashion but also how we buy fashion,\" concluded Simon Chang.ABOUT iFABRIC CORP:Headquartered in Markham, Ontario, iFabric, www.ifabriccorp.com, is listed on the TSX and, currently has 30.3 million shares issued and outstanding. Its two strategic divisions offer a variety of products and services through wholly-owned subsidiaries, namely, Intelligent Fabric Technologies (North America) Inc. (\"IFTNA\") and Cocon...