VANCOUVER, British Columbia — December 13, 2012 — Garmatex Technologies, Inc. ("Garmatex" or the "Company"), an innovative leader in the research and development of scientifically engineered, performance-inspired fabric technologies, is pleased to announce the signing of a 5 year licensing contract with Pro-Formance Insights, R.A. Inc. (PFI), a Canadian company specializing in cut resistant base layer protection apparel that safeguards against serious lacerations in sports, law enforcement and other high-risk professions. PFI is selling their products through the brand names BODYARMOUR® and BASE360™.
Doug Thom, CTO of Garmatex states; "This is truly an amazing breakthrough. By combining PFI's patented cut resistant technologies with our moisture management fabrics and patented T3® gusset technology, this is truly the convergence of 2 superior technologies combined into 1 phenomenal product. Whether you're a hockey player trying to prevent skate cuts or a police officer exposed to a dangerous situation, you now have the ultimate in comfort, performance and protection built into one product."
Rolf Loyens, President of PFI, is equally excited about this relationship. "This has been a long process for us to find a partner that views performance and protection equally as important as we do. In some cases, our users are on the front line putting their lives at risk therefore there can be no compromise for quality; only the best will do." Mr. Loyens also adds that; "We pre-tested the product with our key influencers and the response by insiders to this new technology within our 2013 BODYARMOUR® and BASE360™ product line has been overwhelmingly positive. Hockey players are looking to prevent severe lacerations from skates and the integration of protection in a light weight performance fabric is establishing our base layer products as an integral piece of equipment versus just an accessory." Mr. Loyens comments that; "If one takes into account the multiple applications for this technology like: hockey, ice sports, law enforcement, security, industrial and military, the potential for this segment of the apparel market can be in excess of $400 million."
Darren Berezowski, President of Garmatex suggests that; "This signing with PFI affirms our goal at Garmatex towards continuing to license our leading-edge fabrics and technologies to premium brands that are looking to use innovation to help improve lives around the world. Our technologies combined with PFI's technologies create a rather unique product which truly leverages both companies into a strong market position. We are convinced that developing leading-edge technology and partnering with like-minded companies will ultimately transform the materials industry and help establish Garmatex as the leader for performance and fabric technologies."
