Business
iFabric Corp Update on Status of EPA Submission of PROTX2 Textile Application
MARKHAM, ON / ACCESSWIRE / August 31, 2023 / iFabric Corp. ("iFabric" or the "Company") (TSX:IFA...
About this update from Ifabric Corp.
[{"type":"text","content":"iFabric Corp Update on Status of EPA Submission of PROTX2 Textile ApplicationMARKHAM, ON / ACCESSWIRE / August 31, 2023 / iFabric Corp. (\"iFabric\" or the \"Company\") (TSX:IFA)(OTCQX:IFABF), today updates on the status of the submission to the USA Environmental Protection Agency (EPA).\"Ongoing communications with the United States Environmental Agency have culminated in their request for a final dataset regarding the leaching nature of textiles treated with PROTX2. Whilst we have for years internally conducted leaching testing to apparel and medical industry standards, the EPA have requested a distinct protocol that is acceptable to them,\" stated Hylton Karon, President and CEO of iFabric.\"The study is being carried out at an independent laboratory under Good Laboratory Practices (\"GLP\") standards. Our prior testing has always shown that the leaching of our product is well within the acceptable safety norms. Accordingly, I would expect the current test to yield similar results and thus be our final step in the approval process for public health claims on apparel,\" concluded Hylton Karon.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 Coconut Grove Pads Inc. (\"Coconut Grove\").IFTNA is focused on development and sale of high-performance sports apparel, medical protective apparel, consumer protective apparel, and proprietary treatments that provide \"intelligent\" properties to fabrics, foams, plastics, and numerous other surfaces, thereby improving the safety and well-being of the user. Such intelligent properties include antiviral and antibacterial characteristics, water-repellence and UV protection, among others.Coconut Grove, operating as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of ladies' intimate apparel products and accessories.FORWARD-LOOKING STATEMENTSForward-looking statements provide an opinion as to the effect of certain events and trends on the business. Certain statements contained in this news release constitute forward-looking statements. The use of any words such...