Garmatex Holdings Ltd (OTCMKTS:GRMX) is up 137% year to date – trading at $0.95 cents and it’s safe to say 2017 has been a good year for them so far. Shares got some traction in February and volume began to pick up steam in March, this brought some volatility in pricing and you needed to hold the hand rail as prices swung up and down.
Garmatex has held onto the gains for the year, marking a great start for this unique fabric maker.
The driver for Garmatex Holdings Ltd (OTCMKTS:GRMX) is the proprietary cooling fabric technology IceSkin™ which the company says is the first choice for California based running apparel company BOA (Built On Athletics). BOA is expected to introduce a line of men’s and women’s running apparel using proprietary Garmatex IceSkin™ fabric to be launched in mid-2017. IceSkin™ combines Jade infused cooling technology with Garmatex Bact-Out™ Anti-Microbial, lightning fast moisture transport, and UV protection.
Jeff Fleming of BOA was quoted, “We are always looking for new state of the art fabrics to ensure our customer has the best product available, and GTI has raised the bar. Having state of the art products are key to stay ahead of the pack and offer the best products.”
“We were trying to find the answer to controlling body temperature to ensure peak performance at all times. So we tested this fabric on athletes running in the deserts of Arizona in temperatures exceeding 110 degrees and also in East Cape, Baja where temperatures were in the upper 90’s with 95% humidity. The cooling properties of this fabric made the runner feel like he was wearing his own personal air conditioning system.”
GTI’s President and CEO, Darren Berezowski, says, “Its great to see that athletic apparel companies like BOA are validating the cutting edge technologies being innovated by GTI. From the beginning GTI has sought to develop technologies that would address extreme conditions that both the amateur and professional might face each day. We are looking forward to a long and fruitful relationship with BOA.”
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GTI is the developer of the Company’s recently licensed Garmatex scientifically-engineered fabric technologies and performance technologies, including a patented T3® design, Bact-Out®, CoolSkin®, WarmSkin®, Kottinu, ColdSkin™, SteelSkin™, Satinu™, CamoSkin™, RecoverySkin™, SlimSkin™, AbsorbSkin™™ and IceSkin™. Garmatex Holdings (GRMX) has also agreed to acquire GTI subject to customary terms and conditions. There is no assurance that Garmatex Holdings Ltd will acquire GTI as contemplated or at all.
Garmatex Holdings Ltd. holds a non-exclusive Master Sublicense Agreement with Garmatex Technologies, Inc., whereby it was granted various intellectual property rights related to the design, development and manufacturing of various scientifically-engineered fabric technologies and performance technologies. The Company commenced operations using these technologies on March 9, 2017 which coincides with the volatility the stock price.
GRMX plans to provide performance fabric solutions in virtually every sector that has textile applications. Its primary strategy is to deploy its performance fabrics as a premium ingredient brand, similar to Gore-Tex® in the outerwear market, or akin to Intel® in the computer space. The Company believes that its future fabrics will be superior in performance relative to current market “standards” and will have a wide range of applications in multiple clothing and textile categories, including, but not limited to, sports apparel, medical, sleepwear, linens, undergarments, military, designer wear, protective, industrial and first responders.
Garmatex Holdings Ltd. (OTCMKTS:GRMX) business model is to co-develop fabric with manufacturers to obtain exclusive licenses of technology and purchase fabric technology to build on its portfolio. The Company plans to commercialize these inventions by selling bolts of fabric directly to retailers and wholesalers. GRMX also plans to control the proprietary process of the technology for IP protection and does not intend to own any manufacturing facilities, which are intended to allow it to scale. We will see how the company can build on it’s current +137% price move it has achieved in 2017. For continuing coverage on shares of $GRMX stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!