San Diego, CA – April 2, 2015 – Lorica International, a developer of innovative materials and manufacturing methods in technical textiles and yarns, has signed an exclusive distribution agreement with the Schilltron Group to market and sell Lorica products in the oil and gas rich region the Middle East.
The Schilltron Group is a provider of business management, consulting and contracting services in the oil and gas Industries. Under this agreement, they will help to establish a strong corporate presence and footprint for Lorica’s fire resistant (FR) and arc resistant (AR) yarns & fabrics made from 100% Oxidized Polyacrylonitrile Fiber (OPF) in the Middle East.
Managing Director of the Schilltron Group, Logie Mackay, has over 30 years’ experience in the industry, having held senior positions with AGA Gas in the UK and Scandinavia before establishing his own company. Mr. Mackay has developed an extensive global network of contacts over the years – stretching from South America, the USA, Asia, South Africa, UK, Europe, and the MENA region.
“The partnership with Lorica International represents a significant opportunity for our team to work with a breakthrough company,” said Logie Mackay, Managing Director of the Schilltron Group. “Lorica has brought to market a superior new product that we are ready to help find buyers in personal protective equipment, fire protection and many other industries that we work closely with internationally.”
Lorica’s DYSP technology enables the production of 100% OPF yarn, which can be consistently manufactured into fabrics as easily as cotton. The fabric is comfortable, non-conductive and inherently flash and arc-fire resistant. Lorica’s patented, disruptive technology results in the world’s only comfortably wearable fabric made exclusively from an inherently protective material that does not burn, melt or ignite when exposed to flame or electrical arc.
“We are very pleased to partner with the Schilltron Group,” said Mark Zwerenz, CEO of Lorica International. “They are an excellent partner with deep industry roots that will help us accelerate our international sales strategy. Not only do they have a reputation for providing high-quality services and consulting to its customers, but they have a team in place who already knows the partners, customers and products. We look forward to working closely with them and leveraging their expertise in various international markets.”
According to Transparency Market Research global sales of FR fabrics are estimated at $3.3 billion for 2014, and growing to $5 billion by 2020 in market segments including industrial protective clothing, military, law enforcement, firefighting and transport. Lorica’s fabrics will initially target these markets, with additional multi-billion dollar industrial FR applications in aerospace, automotive, healthcare, building materials and home furnishings, lithium ion batteries and thermal insulation for hoses and cables.
About Schilltron Group
Schilltron Middle East FZ-LLC; is registered and based in Dubai, UAE and provides Business Management and Consulting Services, to the Oil and Gas Industry focusing on the Middle East and North Africa region. Schilltron International Ltd is based in Aberdeen, UK established in 2002, as a Business Development and Consulting company to the Oil and Gas sector and the Industrial Gas industry. Managing Director, Logie Mackay, has over 30 years of experience in the industry, having held senior positions with AGA Gas in the UK and Scandinavia before establishing his own company. Logie has developed an extensive global network of contacts over the years stretching from South America, the USA, Asia, South Africa, UK, Europe, and the MENA region. For more information, please visit www.schilltron.com.
About Lorica International
Lorica develops innovative materials and manufacturing methods in technical textiles and yarns. The company’s flagship products are 100% OPF yarns and fabrics. Lorica pushes the boundaries of textile technology to address the critical and growing need for light-weight, comfortable, inherently fire-resistant and non-conductive materials for both apparel and industrial applications. For more information, please visit www.loricausa.com.
VP Marketing & Strategy
Investor Relations Contact:
MZ North America
Senior Vice President