Frisby Inks Global Fabric Deal with Schoeller Bogner and BMW
10 December 1998
Frisby Inks Global Fabric Deal with Schoeller Bogner and BMW Commit to Launch Apparel Products with New ComforTemp Fabric
SEVELEN, Switzerland, Dec. 10 -- Frisby Technologies
, the developer of patented ComforTemp(R)DCC(TM) dynamic climate
control materials, and Schoeller Textil, AG, one of the world's most
recognized and innovative suppliers of performance fabrics, have reached
agreement for Schoeller to become the exclusive European fabric producer with
rights to manufacture and supply fabrics with ComforTemp DCC. The agreement
greatly expands Frisby's commercial product mix and provides an immediate
boost to Frisby's international sales effort. The announcement was made today
at an international press conference and product line preview co-hosted by
Frisby Technologies and Schoeller Textil at Schoeller's Sevelen, Switzerland
headquarters. Schoeller also announced that six notable European
manufacturers, including BMW and Bogner, have already committed to use the new
fabrics with ComforTemp in their 1999/2000 sports and outdoor apparel
collections.
Under the long term license agreement, Schoeller will be featuring
ComforTemp in several styles in their new schoeller-interactive(TM) line of
next generation performance fabrics. Frisby will be the sole source of supply
of dynamic climate control materials to Schoeller in accordance with certain
annual minimum material purchases. Product shipments from Frisby commence
immediately.
Both Frisby and Schoeller have equal rights to sell schoeller-
interactive(TM) fabrics with ComforTemp to world wide customers in select
markets including active wear, sports wear, performance outerwear and street
wear. Additionally, Frisby has secured rights to be the exclusive world-wide
supplier of schoeller-interactive(TM) fabrics with ComforTemp within certain
other key markets including footwear, gloves, hats, athletic equipment,
industrial apparel, water sports apparel, golf shoes and apparel and
automotive products, among others.
Greg Frisby, president and ceo of Frisby, said: "The global apparel
industry will soon be able to experience one of the most important and
impactful branded products of the new millennium. Together we will deliver
the world's most effective dynamic climate control fabrics to an industry in
need of true technical innovation and meaningful product differentiation."
Both Schoeller and Frisby will be showcasing and demonstrating these
breakthrough products at their respective booths at the 1999 Outdoor Retailer
Winter Market in Salt Lake City in January and at ISPO Winter 99 in Munich,
Germany in February.
Frisby Technologies is a developer of advanced thermal management
solutions for the apparel, footwear and sporting goods, packaging, home
furnishings, healthcare, automotive, aerospace and electronics industries.
Headquartered on Long Island, N.Y., Frisby currently offers new design
opportunities for selected industry leaders based on its two leading thermal
product lines: ComforTemp(R) DCC(TM) insulating and cooling fabrics and foams
and Thermasorb(R) thermal additives.
The company's proprietary and patented thermal management technologies
create a dynamic climate control system within its partners' products that
helps those products maintain predetermined temperatures and deliver
unprecedented comfort. For more information, contact Frisby Technologies at
516-969-8570, visit the ComforTemp(R) website at http://www.comfortemp.com, or join
the Frisby electronic news distribution list by sending your e-mail address to
investors@frisby.com.
Schoeller Textil AG is a 130 year old company located in Sevelen,
Switzerland that supplies innovative fabrics to a world-wide customer base
that includes Nike , Polo Ralph Lauren , BMW, The North
Face , Patagonia, Marmot and Prada, among others.
This press release contains forward-looking statements that relate to
Frisby Technologies' future plans and objectives. Those statements are
subject to numerous risks and uncertainties that could cause actual results,
performance and achievements to differ materially from those described or
implied in the forward-looking statements, and reported results should not be
considered an indication of future performance. These potential risks and
uncertainties include without limitation the lack of an operating history upon
which Frisby Technologies and its prospects can be evaluated, the need for
future development of certain of Frisby Technologies' products, the
development of alternative technologies by third parties, and the uncertainty
of market acceptance and demand for such products in the future. These
potential risks and uncertainties are detailed in Frisby Technologies'
prospectus dated April 1, 1998 and the company's filing on Form 10-QSB with
the Securities and Exchange Commission.