Commenting on the Quarter,
Operational
Pilot Production of NullarborTM Fibres
During the Reporting Period,
The Reporting Period marked the successful completion of the penultimate step in the manufacturing of
The Company has since supplied Birla Cellulose with an additional batch of MC, and its processing in preparation for the pilot fibre spin is almost complete, and has proceeded without incident.
Work is also ongoing to incorporate the information gained from these initial pilot trials into improvements in MC production in order to streamline the overall waste to fibre process. During the Reporting Period the Company continued to refine product specifications and define and further refine quality control policies and procedures, utilising knowledge gained in the leadup to the pilot spin. Refinements and further definition will be ongoing through to commercial production.
During the Reporting Period, the Company continued to advance discussions with leading fashion and textile brands that have expressed an interest in obtaining material from the Company. The Company continued to work closely with its fashion consultant,
The Company has focussed on shortlisting high quality partners that have a commitment to sustainable solutions for the fashion industry's environmental challenges, and that are seeking a long-term relationship with
The Company is looking forward to formalising these negotiations during the current quarter, following completion of the pilot spin, when it will be in a position to provide samples to selected partners for trials and testing.
Joint Patent Application Update - Grasim
The Company is pleased to announce that shortly following the end of the Quarter, the Company's joint patent application (entitled High Tenacity Lyocell Fibres From Bacterial Cellulose and Method of Preparation Thereof) with
The Company is pleased with the progress being made towards finalising formal patent protection of its intellectual property, and is pleased with the continued commitment from Grasim to the success of the project.
Production of First 100% NullarborTM Lyocell Garment
During the Quarter,
The Company expects to be in a position to unveil the completed garment by the end of this quarter, and looks forward to having a tangible product available to showcase to the market the quality, feel, and appeal of its fibre.
During the Quarter, the Company continued to progress internal research and development initiatives, including improvements to the Company's Jelli GrowTM product, development of an MC-based alternative to leather, and the development of absorbency materials.
The Company looks forward to updating the market on these projects as significant milestones are determined and met.
Six Monthly Outlook
As
- Undertake the first pilot spin of
- Enter into a number of agreements to provide initial quantities of fibre from the first pilot spin to selected partners.
- Continue implementing refinements into MC production and procure material to support ongoing pilot production of fibre.
- Supply initial quantities of fibre, yarns, and textiles from the pilot spin to selected partners.
- Commence product trials with leading global brands in the fashion and apparel industry.
- Explore the use of high tenacity Tree-Free lyocell for use in the nonwoven sector as the Company seeks to commercialise NufoliumTM for nonwoven fibre applications, including personal wipes (which is a high growth market).
- Undertake second and subsequent pilot processing and spins at increased scale.
- Explore commercial opportunities for second and subsequent pilot spins.
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About
Contact:
Dr
Executive Chairman
Email: wayne.best@nanollose.com
Phone: +61 421 545 820
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Email: henry.jordan@sdir.com.au
Phone: +61 431 271 538
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