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The LYCRA Company to Showcase Latest Technologies at Intertextile Shanghai

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The LYCRA Company, a global leader in developing innovative fiber and technology solutions for the apparel industry, will exhibit its latest products designed to meet consumer needs at Intertextile Shanghai, which takes place on September 23-25. Themed RENEW, REDEFINE, REINFORCE, the presence at the show will allow visitors to learn about the new LYCRA Anti-Slip fiber technology. Other well-received technologies such as LYCRA FitSense„¢ technology, LYCRA MyFit„¢ fiber and COOLMAX freshFX technology will also be showcased.

Every industry is facing unprecedented challenges this year and the apparel industry is no exception, said Julien Born, President, Apparel, The LYCRA Company. We have been pleased to see that, despite market uncertainties, there is still a strong appetite for innovation as brands look to keep an edge and offer better value to consumers. Innovation has always been in The LYCRA Companys DNA, which we believe is key to address the increasing demands for functional and sustainable apparels globally.

Asia is set to be the key driver for The LYCRA Companys global growth, said Steve Stewart, Apparel Vice President, Asia, The LYCRA Company. As such, we will continue our innovation journey by launching new technologies, such as the ones we are showcasing at Intertextile. Only by working closely with our partners and customers can we empower our customers to gain a winning edge and fully capture the opportunities offered by a new global economy.

A New Innovation Frontier

LYCRA Anti-Slip fiber is an exceptional denim seam slippage solution for applications in single core spandex fabrics that require durable stretch and good recovery power. Designed to help prevent seam slippage and improve garment quality and yield, this patent pending fiber helps maintain garment appearance wash after wash and wear after wear. It is a versatile fiber that makes possible for a multitude of fabric developments and constructions, including open structures and use of polyester/viscose blends, and cotton blends achieving a soft touch and authentic appearance.

By using LYCRA Anti-Slip fiber in the core of LYCRA dualFX technology yarn, the anti-slippage performance will be further enhanced. It is based on several patented technologies from The LYCRA Company related to both dual core and bi-component yarns. By combining LYCRA Anti-Slip fiber and LYCRA T400 fiber together in one fabric, the key benefit is the high stretch of LYCRA fiber with exceptional slippage solution plus the excellent recovery power of LYCRA T400 fiber. This means that consumers can have super stretch jeans that last longer and keep its fit and shape. Consumers will look good all day, every day.

The Power of The Science of Fit„¢

LYCRA FitSense„¢ technology is a patented, water-based dispersion that features the same molecules as LYCRA fiber, but in liquid form. This revolutionary innovation is screen printed onto fabric containing LYCRA fiber to provide lightweight, targeted support across a range of garment types. This solution also helps streamline garment manufacturing through the potential elimination of double-layers and extra seams and offers unlimited design possibilities for brands and retailers.

LYCRA MyFit„¢ fiber is a patent-pending, fiber technology engineered with a polymer designed to deliver improved comfort and fit. The result is greater shape tolerance and a customized fit experience for a differing range of body shapes. Ultimately, it gives brands and retailers the potential to higher customer satisfaction, minimize returns, reduce SKUs and costs by undercutting patterns.

LYCRA FitSense„¢ technology and LYCRA MyFit„¢ fiber have been well received by both international and domestic brands since their launch to the market. The two innovations now find wide applications in various apparel categories from underwear and activewear to seamless garments as well as swimwear.

Anti-Odor Fiber for 24/7 Freshness

COOLMAX freshFXtechnology actively suppresses the growth of bacteria which are the root cause of body odor and related smells and therefore is perfectly adapted for applications such as sportswear and underwear to offer freshness. The active ingredient in COOLMAX freshFX qualifying fibers is a durable, non-migratory silver-based antimicrobial additive. The active ingredient is spun directly into the yarn, rather than being topically applied, and an inorganic cage matrix protects it. Therefore, it can be expected to remain effective for the life of the garment even after repeated laundering.

The Legwear Stars

LYCRA FUSION„¢ technology helps make hosiery resistant to runs, which can improve the wear life of the garment. LYCRA SOFT COMFORT technology imparts a soft and comfortable stretch to sock tops and knee-high tops. The technology is based on soft-stretch LYCRA fibers that combine high elongation with low hysteresis. This makes garments easy to don but with a firm and secure fit.

The beginning of 2020 may have taken us by surprise, yet I am excited to see the speedy recovery across Asia-Pacific, particularly in China, said Jack Yang, R&D Director, The LYCRA Company. Technology and innovation are now the oxygen of every business. With our legacy and profound understanding of the apparel and textile industry, we are excited to work with our partners in China to bring more consumer-centric innovation to the world.

To bring to life The LYCRA Companys newest innovations at Intertextile, the technologies will be introduced via multimedia channels such as LED videos and augmented reality technology. Sample fabrics and garments experience will be available at the booth for further engagement. There is also a bottle calculator for visitors to understand how many plastic bottles are being put into use again in a garment by providing fabric weight and EcoMade fiber content. To learn more about the latest developments of The LYCRA Company, visit Intertextile booth H4.1-E56.

In addition to the physical booth, The LYCRA Company also offers a virtual tour and daily highlights on connect.lycra.com/intertextile2020. Check out the site to learn more about our technologies and to hear our customers stories.

For show information, visit Intertextile.com.

About The LYCRA Company

The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries, as well as specialty chemicals used in the spandex and polyurethane value chains. Headquartered in Wilmington, Delaware, The LYCRA Company is recognized worldwide for its innovative products, technical expertise, and unmatched marketing support. The LYCRA Company owns leading consumer and trade brands: LYCRA, LYCRA HyFit, LYCRA T400, L by LYCRA, COOLMAX, THERMOLITE, ELASPAN, SUPPLEX and TACTEL. While The LYCRA Companys name is new, its legacy stretches back to 1958 with the invention of the original spandex yarn, LYCRA fiber. Today, The LYCRA Company is focused on adding value to its customers products by developing unique innovations designed to meet the consumers need for comfort and lasting performance. For more information, visit www.thelycracompany.com.

LYCRA FitSense„¢, LYCRA MyFit„¢, LYCRA dualFX and COOLMAX freshFX are all trademarks of The LYCRA Company.

Kristin Altimari

[email protected]

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Xinhua Silk Road: China’s Putian City unveils “Credit Shoe City” brand logo globally

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BEIJING, Oct. 20, 2020 /PRNewswire/ — Putian City, located in southeast China’s Fujian Province, recently released the "Credit Shoe City" brand logo globally.

Putian City, located in southeast China's Fujian Province, recently released the "Credit Shoe City" brand logo globally.
Putian City, located in southeast China’s Fujian Province, recently released the "Credit Shoe City" brand logo globally.

The logo, with green innovation, environmental protection and passion as its design concept, uses the background that Putian has been selected as the second batch of social credit system construction demonstration city and conveys visually the idea that Putian footwear products boast high quality, good design, diversity and fashion.

According to the designer, the logo, highly condensed with elements such as "Putian", "Shoe City" and "Credit," is concise, unique and recognizable.

As the traditional advantage in Putian, the footwear industry employs more than 200,000 people, involving more than 3,000 upstream and downstream companies. There are 20 footwear research and development institutions, with about 10,000 technical personnel. 

An official with Putian Footwear Association said that the footwear products made in Putian are good in quality and design and fashionable. The annual output value of the industry has exceeded 100 billion yuan by far.

In order to further strengthen the development of the footwear industry, the Putian Footwear Association will guide footwear companies to build an industrial credit system, make full use of new technological means including big data and cloud computing, rely on related APP platforms such as Credit China (Putian, Fujian), Putian Huiminbao to build a "credit shoe city." 

The APP platforms Credit China (Putian, Fujian) and Putian Huiminbao display the credit information of local shoe companies and accept complaints, reports, feedback and suggestions from consumers. The public can also view and retrieve the credit scores, corporate rankings, credit ratings of local shoe companies and download corporate credit reports as well.

Original link: https://en.imsilkroad.com/p/316911.html

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OneConnect Shares Fintech Insights with Chinese Banks and Fintech Companies

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HONG KONG, Oct. 20, 2020 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (OneConnect, NYSE: OCFT), a leading technology-as-a-service platform for financial institutions, shared its vision of innovation with the Fintech Association of Hong Kong of the Chinese Banking Association of Hong Kong at a recent video conference.

Carol Chen, CEO of OneConnect (Hong Kong), and Daniel Ling, General Manager, discussed the company’s technical solutions for popular banking fields, such as remote customer service solutions and customer due diligence with more than 100 executives and industry experts.

As of June 30, 2020, OneConnect, an associate company of the Ping An Group, had served all state-owned banks and joint-stock banks in China, 99% of commercial banks, and 53% of insurance companies.

Ms. Chen and Mr. Ling presented end-to-end fintech solutions for banks, securities, asset management companies and other fintech institutions in mainland China and Hong Kong. These include localized fintech technology services such as smart marketing, smart risk controls, smart operations and fintech centers.

They also covered solutions implemented at Ping An OneConnect Bank, OneConnect’s virtual banking subsidiary: the process for opening a bank account online, opening an online small and medium enterprises (SME) account and loan solutions, and cloud-based core banking, which improves sales, risk management and customer service quality.

Jessica Tan, Co-CEO of Ping An Group has said that Ping An will continue to increase its investments in technology to bolster its main businesses. "Particularly in terms of fintech, OneConnect will continue to develop and invest in innovative products," she said.

Ping An uses technology to empower its main financial businesses. In the first half of 2020, Ping An achieved artificial intelligence (AI)-driven product sales of RMB176.3 billion. Its online and technology-powered offline services across the Ping An Group supported 560 million online users.

OneConnect has branches in Hong Kong, Singapore, and Indonesia and provides services to major banks in Thailand, Indonesia, Malaysia and the Philippines. As of June 30, 2020, OneConnect had provided services to or signed cooperation agreements with more than 50 overseas institutions in more than 15 countries and regions.

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Farmmi Receives NASDAQ Minimum Bid Price Requirement Extension

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LISHUI, China, Oct. 20, 2020 /PRNewswire/ — Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced that on October 19, 2020, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through April 13, 2021. To regain compliance with NASDAQ’s minimum bid price requirement, the closing bid price of the Company’s ordinary shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by April 13, 2021.

About Farmmi, Inc.

Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products. The Company’s Farmmi Liangpin Market serves as a trading platform for Chinese geographical indication agricultural products and is a large platform for consumers to access locally sourced agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China.  These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

Related Links :

http://www.farmmi88.com

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