Loop Industries, On Collaborate To Launch The Cloudeasy Cyclon, A Shoe Manufactured With The Infinite Loop Fiber-To-Fiber Recycling Technology
Portfolio Pulse from Benzinga Newsdesk
Loop Industries, Inc. (NASDAQ:LOOP) has announced a collaboration with Swiss sportswear brand On to launch the Cloudeasy Cyclon shoe, which features an upper made from Loop's 100% recycled polyester fiber using their Infinite Loop™ fiber-to-fiber recycling technology.
May 21, 2024 | 1:53 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Loop Industries has partnered with On to launch the Cloudeasy Cyclon shoe, which uses Loop's 100% recycled polyester fiber. This collaboration highlights Loop's innovative recycling technology and commitment to sustainability.
The partnership with On and the launch of a product featuring Loop's recycled polyester fiber is likely to positively impact Loop Industries' stock in the short term. This collaboration underscores Loop's technological capabilities and commitment to sustainability, which can attract investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
On has collaborated with Loop Industries to launch the Cloudeasy Cyclon shoe, which features an upper made from Loop's 100% recycled polyester fiber. This move aligns with On's Circular Cyclon™ program and commitment to sustainable footwear.
The collaboration with Loop Industries and the launch of a sustainable product aligns with On's Circular Cyclon™ program, potentially boosting On's brand image and attracting environmentally conscious consumers, which can positively impact its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70