Nano Textile's Novel Antibacterial coating solution is comprised of 2 elements: 1. A Sono-coating machine and 2. Chemical formulation & process. Nano Textile will remain focused on the chemical formulation & process aspect of the solution, and utilize a strategic partner for the manufacturing and supply of the Sono-chemical coating machines.
Milestones achieved during the project:
Machinery -
- Communicating with the world's leading fabric finishing machine manufacturers for the development and commercialization of the Sono-chemical coating machinery
- Due to close a final agreement with the chosen fabric finishing machine partner in Q4/2017. A business trip to Germany will take place between 16 and 19 of October, specifically for this cause
Chemical formulations and process -
- Nano Textile is already thinking on developing a complimentary portfolio of Sono-chemical applications in order to support the demand of the Healthcare sector, such as Fire resistance and Water repellent treatments
- As Nano Textile won't become a chemical manufacturing company (much like much of the chemical binders companies), Nano Textile is already communicating with leading chemical manufacturers across the globe in order to locate the most suitable white label supplier of the chemical compounds developed by Nano Textile
Business Model and Business Plan -
- Nano Textile has refined its Business Model and Business plan to support an Aggressive penetration & Growth in the market
- Both the Business Model and Business Plan where introduced to high profile textile companies, Fabric finishing experts, and Textile market experts, in order to validate the feasibility of the Business Model
- A clear financial plan was established for the years 2018 - 2023 (1 year of scale-up and 5 years of commercialization)
Commercialization -
- Nano Textile established a coherent, and feasible, Go-to-Market plan, with June 2019, at the famous ITMA conference, being the company's Go-to-Market target
- Nano Textile has already established a Scale-up / R&D plan with its designated machine partner
- Nano Textile is already communicating with global leading Healthcare textile suppliers which express great interest in joining Nano Textile in its scale-up / R&D process, in order to test the application/s on their own fabrics, help develop additional necessary applications, and potentially become early adopters of Nano Textile's technology
- Nano Textile is experiencing overwhelming interest for its Novel Antibacterial Sono-coating, but also in general, as Nano Textile's approach to coating and the performance achieved (no leaching, permanent coating) presents a potential solution to a very painful element in the Textile Industry - The Health hazard to end user and the environment due to the use of chemical binders (
http://www.roadmaptozero.com/(odnośnik otworzy się w nowym oknie)). Fire Resistant treatment which is a very common treatment in Hospital Textiles, is a very hazardous treatment for the end user. Nano Textile has the potential to eliminate this hazard.
Strengthening the company's Advisory Board -
- Nano Textile is now negotiating on adding Prof. Yehuda Carmeli, a globally renowned Immunology expert, to assist the company in its efforts to penetrate the market, and in future clinical trails
- Nano Textile is actively scouting for additional Advisory Board prospects
