UsedFULLY changes tack and looks to Europe for commercial growth

UsedFULLY changes tack and looks to Europe for commercial growth
The technology has proven itself in the field, or rather the road. (Image: UsedFULLY)
Greg Hurrell
Cleantech startup UsedFULLY is moving into commercial operations after signing an exclusive global licence to use Scion Research’s fibre-processing technology for textile recycling.The deal marks a shift in strategy for the Wellington-based company, which had been planning to raise $3 million to build its own pilot manufacturing plant. It is now working on a smaller US$250,000 (NZ$440,000) capital raise to enter the European market.The agreement with Scion means UsedFULLY can take the technology worldwide and allow global partners to manu...

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