Business Wire

PurFi Poised for Global Expansion of Circular Fiber Production Through Key Partnership with Concordia Textiles

Share

PurFi, the U.S. developer of high-end products derived from rejuvenated textile waste streams, announces a joint venture with Belgium-based manufacturing partner Concordia Textiles. The new formation will be PurFi Manufacturing Belgium, headquartered in Waregem, Belgium, with management provided by Joy Nunn of PurFi and Carl Baekelandt of Concordia. The JV presents integration of ground-breaking sustainable textile technologies and enduring manufacturing practices in the creation of the first global circular fiber company with the ability to drastically minimize the irresponsible disposal of textile waste worldwide.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190806005824/en/

Sustainability + Capability = Invincibility! Joy Nunn of PurFi and Carl Baekelandt of Concordia toast the signing of their JV agreement. (Photo: Business Wire)

Sustainability + Capability = Invincibility! Joy Nunn of PurFi and Carl Baekelandt of Concordia toast the signing of their JV agreement. (Photo: Business Wire)

The partnership positions the company to realize a global reach with PurFi supplying exclusive circular fiber technologies which transform textile waste, regardless of composition, into fibers that are equal or superior in all aspects to virgin materials. In addition to fiber rejuvenation technologies, PurFi brings its state-of-the-art fiber lineage software which tracks fibers from their origins to their final destination. This technology provides a system of accountability throughout the entire process from downstream manufacturers to upstream retailers.

Integral to the proliferation of its technology on an international scale, Nunn recognized the need for a manufacturing partner with unique vision and ability.

“Carl and I recognized the importance of utilizing waste in manufacturing and the lack of that practice in the market. There aren’t any textile manufacturers making virgin quality products from textile waste without a [price] premium. On top of that, we shared a vision to take PurFi’s technologies and commercialize them at a global scale.”
- Joy Nunn, CEO PurFi

Concordia has the expertise to facilitate rapid global expansion. Founded in 1925, Concordia has nearly a century of expertise in textile manufacturing and finishing. As a completely vertically integrated textile manufacturer controlling the entire production flow from sizing and warp beaming over weaving, dyeing, printing, finishing, coating and laminating fabrics, the company is excited to be at the forefront of innovation and expand into sustainable fiber production.

“Some years ago, textiles made from recycled materials were just ‘nice to have’ in one’s product range. Today they are a must-have. More and more responsible brands commit themselves to using textiles made from rejuvenated fibers in their offering. Right from the start, Joy and I understood that combining the patented technology of PurFi with the Concordia Textiles Group’s extensive know-how of fabrics would enable us to contribute to textile upcycling on a global level. We consider the integration of circular economy principles in the strategy of our customers as one of the key pillars of our commitment to society.”
- Carl Baekelandt, CEO Concordia Textiles

With the globalization of these circular fiber technologies and their traceability, PurFi gives a high-end home, for a lower price, to fibers that would otherwise become shoddy or landfill. PurFi is dedicated to preserving resources, both natural and manmade, through sustainable technology and manufacturing practices.

Production is set to begin at the start of 2020 in Belgium.

Contact information

PurFi Global
info@purfiglobal.com

Joy Nunn
CEO - PurFi Global
joy@purfiglobal.com

Carl Baekelandt
CEO - Concordia Textiles and PurFi Global Manufacturing
CarlBaekelandt@concordiatextiles.com

Find us at www.purfiglobal.com or on Twitter @PurFiGlobal.

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

PTC to Acquire Leading SaaS Product Development Platform Provider Onshape23.10.2019 23:11:00 EESTPress release

PTC (NASDAQ: PTC) today announced that it has signed a definitive agreement to acquire Onshape, creators of the first Software as a Service (SaaS) product development platform that unites robust computer aided design (CAD) with powerful data management and collaboration tools, for approximately $470 million, net of cash acquired. The acquisition is expected to accelerate PTC’s ability to attract new customers with a SaaS-based product offering and position the company to capitalize on the inevitable industry transition to SaaS. Pending regulatory approval and satisfaction of other closing conditions, the transaction is expected to be completed in November 2019. Located in Cambridge, MA, Onshape was founded in 2012 by CAD pioneers and tech legends, including Jon Hirschtick, John McEleney, and Dave Corcoran, inventors and former executives of SolidWorks. Onshape has secured more than $150 million in funding from leading venture capital firms and has more than 5,000 subscribers around the

GrAI One – the World’s 1st AI Chip for Ultra-Low Latency at the Edge23.10.2019 21:15:00 EESTPress release

GrAI Matter Labs (aka GML) today announces GrAI One – the world’s first AI processor optimized for ultra-low latency and low power processing at the edge. GrAI One, the first chip based on the company’s NeuronFlow technology, drastically reduces application latency, for instance, it reduces the end-to-end latencies for deep learning networks such as PilotNet to the order of microseconds. NeuronFlow combines the dynamic dataflow paradigm with neuromorphic computing to produce massively parallel in-network processing. GrAI One is targeted at response-critical edge applications in autonomous navigation, human-machine interaction and smart healthcare markets. The fully digital chip measures 20mm2 in TSMC 28nm technology and implements a mesh of 196 neuron cores with local neuron/synapse memories for a total of 200,000 neurons. It provides a GPIO interface to offload latency-critical AI workloads of a host processor. At 100% neuron core utilization, GrAI One consumes as little as 35mW. GrAI

Softomotive Named a Strong Performer Among Robotic Process Automation Vendors by Independent Research Firm23.10.2019 19:18:00 EESTPress release

Softomotive announced today it has been positioned as a Strong Performer in The Forrester Wave™: Robotic Process Automation, Q4 2019 report. According to the Forrester report, Softomotive received the highest possible score in three categories, including the Innovation/market approach/access to capital, product roadmap and differentiation, and Enterprise RPA customers criteria. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191023005637/en/ Softomotive Named a Strong Performer in The Forrester Wave™: Robotic Process Automation, Q4 2019 report. According to the Forrester report (Graphic: Business Wire) Softomotive believes that this report arrives at a time of huge growth in the category, with companies focused on not only adopting RPA technology, but being concerned about how to scale and empower their workforce. This shift has driven a 2x increase in customer count year over year for Softomotive as it expands its global rea

Citi, OPIC and Ford Foundation Launch Scaling Enterprise, a $100MM Financing Partnership to Support Social Enterprises23.10.2019 19:00:00 EESTPress release

Citi Inclusive Finance, the Overseas Private Investment Corporation (OPIC) and the Ford Foundation today introduced Scaling Enterprise, a $100 million loan guarantee facility, which will enable Citi to provide early-stage financing in local currency to companies that expand access to products and services for low-income communities in emerging markets. The announcement was made at the 2019 SOCAP Conference. Loans and working capital in local currency and at affordable rates can enable early-stage social impact companies to achieve scale, greater efficiencies and lower costs. Scaling Enterprise will facilitate vital growth financing to eligible companies that are expanding access to finance, agriculture, energy, affordable housing, water and sanitation to low-income households in emerging markets. Marking the first two transactions under Scaling Enterprise, the partners have committed $5 million in financing to INI Farms to help smallholder banana and pomegranate farmers in India access

Velodyne Announces ADAS Collaboration with Hyundai Mobis23.10.2019 15:00:00 EESTPress release

Velodyne Lidar, Inc. today announced an agreement with Hyundai Mobis to launch a new lidar-based advanced driver assistance system (ADAS) that integrates Velodyne lidar technology and Hyundai Mobis cognitive software. The Velodyne Velarray™-based system is designed specifically for ADAS in consumer vehicles. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191023005425/en/ Velodyne Lidar announced an agreement with Hyundai Mobis to launch a new lidar-based ADAS system that integrates Velodyne lidar technology and Hyundai Mobis cognitive software. (Photo: Velodyne Lidar). "Hyundai Mobis is delighted to cooperate with Velodyne Lidar, one of the industry's most innovative lidar sensor providers, to launch a lidar system that is essential in high level autonomous driving," said Ko Youngsuk, Head of the Hyundai Mobis Strategy Planning division. "The Velarray, utilizing Velodyne’s industry-leading sensing technology, meets the deman

GSMA and Sónar Release First Details of xside23.10.2019 14:00:00 EESTPress release

The GSMA’s successful Four Years From Now (4YFN) start-up platform and Sónar, the international festival devoted to advanced music, creativity and technology, today announced further details of their hotly anticipated co-curated event, xside. Taking place within the 4YFN venue, from 24-26 February 2020 at Fira Montjuïc, in parallel to 4YFN and MWC Barcelona 2020, xside is a new gathering including conference, networking and music to explore the role technology, design and innovation play in the future of creativity, cultures and business. As the creative heart of 4YFN and MWC Barcelona, xside is designed to create links between Sónar’s audience of creative communities, and the technological and entrepreneurial attendees of the world’s largest mobile event. It is the first integrated convergence event of its kind on this scale, co-created by leading event brands of music, creativity, technology, design and entrepreneurship. xside will welcome over 25,000 attendees across three days and

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom