NEW YORK, May 12, 2017 /PRNewswire/ -- INVISTA, owners of the LYCRA® brand, along with Cone Denim and its parent company, International Textile Group (ITG), announced today that INVISTA has purchased Cone Denim's and ITG's dual core patent portfolio. The patent estate covers a broad variety of dual core yarns, fabrics, and garments made from those fabrics, which are sold in the U.S., China, and most recently, Europe. The purchase is effective immediately.
"Given the growth of dual core technology in recent years, we are excited to add this technology to the INVISTA patent estate," said Jean Hegedus, director of INVISTA's denim business, who says that INVISTA sees this move as a logical expansion of its dual core portfolio. "We look forward to working with our customers and licensees to expand the LYCRA® dualFX® fabric business."
INVISTA was a pioneer in the development of dual core technology with its LYCRA® dualFX® fabric concept, first introduced commercially in 2010. LYCRA® dualFX® technology encompasses stretch fabrics made with two stretch fibers – LYCRA® and LYCRA® T400® fibers – in a single yarn.
"This year marks the 10th anniversary of Cone Denim's development of its dual core patented innovation, trademarked as SGENE® technology," says Steve Maggard, Cone Denim's senior vice president of operations. "Cone's SGENE® technology integrates a stretch fiber, such as LYCRA® fiber, with an inelastic control filament. Cone is pleased to collaborate with INVISTA to provide a global platform to take this technology to the next level and will continue to produce yarns and fabrics made with the SGENE® technology under a license from INVISTA."
Last month, Cone Denim's dual core patent was granted in Europe and is now part of the INVISTA patent estate. "The granting of the EU patent marks another milestone in dual core technology and should provide new opportunities for INVISTA's customers," Hegedus said. Over the next several months INVISTA will be meeting with its customers and other fabric producers to discuss its expanded dual core patent estate and license requirements.
With leading brands including LYCRA®, COOLMAX®, CORDURA®, STAINMASTER® and ANTRON®, INVISTA is one of the world's largest integrated producers of chemical intermediates, polymers and fibers. The company's advantaged technologies for nylon, spandex and polyester are used to produce clothing, carpet, car parts and countless other everyday products. Headquartered in the United States, INVISTA operates in more than 20 countries and has about 10,000 employees. For more information, visit www.INVISTA.com, Facebook.com/INVISTAglobal and Twitter.com/INVISTA.
About CONE DENIM
A leading denim innovator for more than 125 years, Cone Denim delivers unparalleled expertise and advanced denim capabilities that service and inspire the global market. From performance denims and superior SGENE® technology to vintage re-creations of CONE® Deeptone Denim reaching back to the early 1900s, Cone offers unique collections of SELVAGE, PERFORMANCE, STRETCH and NATURAL INDIGO denims crafted out of the Cone®3D R&D incubator. Cone Denim operates as part of International Textile Group, Inc. (ITG) with manufacturing capabilities in the U.S., China, and Mexico, including the iconic White Oak® mill in Greensboro. Learn more at www.conedenim.com, instagram.com/conedenim, and facebook.com/conedenimitg.
LYCRA® and T400® are trademarks of INVISTA.
SGENE® is a trademark of Cone Denim.
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