HeiQ announces contract win
HeiQ Chrisal sustainable water treatment solution contract win
HeiQ Plc (LSE:HEIQ), an established global brand in materials and textile innovation which operates in high-growth markets, is pleased to announce that its subsidiary, HeiQ Chrisal, which focuses on delivering industrial biotechnology solutions by incorporating the benefits of probiotics and synbiotics, has signed a partnership with Wöllner GmbH, one of Europe’s leading suppliers of soluble silicates, process chemicals and specialty additives for industrial applications.
Under the terms of the distribution agreement, which will deliver revenues of at least €2 million to HeiQ Chrisal over a five-year period, Wöllner will offer its +150 customers an environmentally friendly, non-biocidal microbial management and cleaning solution developed by HeiQ Chrisal. The solution will be added to Wöllner’s Process Enhancement Chemicals (PEC) product lines for industrial water circuits and Wöllner will have exclusivity over Germany, Austria, Switzerland, Finland, Denmark, Norway and Sweden in the defined field. Wöllner has selected HeiQ Chrisal’s solution due to its ability to deliver superior efficiency, hygiene and sustainability benefits in comparison to alternative, chemical-based solutions.
Carlo Centonze, Co-founder & CEO of HeiQ Group, said: “This agreement is of strategic importance for HeiQ Chrisal, providing this innovative business access to the previously unentered arena of industrial water circuits. Wöllner continually focuses on providing its clients with high-quality and eco-friendly products for its customers and therefore, we are delighted that the team has recognized the superior results that environmentally friendly probiotics solutions can deliver. We believe that this is just the start of similar contracts which have the potential to deliver solid growth to HeiQ as we strengthen our presence in the $50 billion probiotics market.”
Dr. Barbara März, CEO of Wöllner, said: “Innovation is the only answer to a more sustainable world and HeiQ Chrisal is at the very forefront of it. We are excited to partner with HeiQ Chrisal in delivering this innovative and environmentally friendly solution to our customers in industrial water circuits. We welcome all our customers to consult us for the planning and installation of dosing systems using such innovative and more environmentally friendly probiotic process enhancement technology.”
Below is an interview with HeiQ’s CEO & FD, who provide the highlights from the recent results
HeiQ Investor Videos