The ZSIG is an association of active and former companies from Zurich’s silk industry. It was founded in 1854 and is one of Switzerland’s oldest trade groups. The association focuses on promoting high-quality projects relevant to the textile industry, Haelixa and ZSIG said in a joint press release.
Haelixa has secured funding from the Zurich Silk Association (ZSIG).
Haelixa’s technology uses engineered DNA markers to track materials through supply chains, enabling textile and fashion companies to make responsible choices.
The investment will help Haelixa scale its global operations, aiming to set a new standard in supply chain transparency.
“We are profoundly grateful for the generous support ZSIG provides and their exclusive network. As an association with a rich history in textiles, ZSIG has a track record in selecting future-proof solutions, and this contribution reaffirms our shared commitment to innovation,” said Gediminas Mikutis, Haelixa’s co-founder and the chairman of the board.
Haelixa’s mission is to be the standard in physical traceability globally. With engineered unique DNA markers designed to withstand all processing and treatment of materials throughout the supply chain, the technology empowers textile and fashion companies to make more responsible choices.
By testing products for the DNA as they journey through the value chain, Haelixa validates whether the original marked materials are present. Traceability helps brands verify their claims and provides the data to calculate their environmental and social impact.
The capital contributed will support the scale of Haelixa’s global operations. The board of ZSIG is proud to be part of the investors backing Haelixa’s goals to use DNA markers to create full supply chain transparency. The impact of the technology will provide a traceable fingerprint for textile industry stakeholders, added the release.
Fibre2Fashion News Desk (NB)
