Home / Knowledge / News / Apparel/Garments / Jeantex to adopt green technology
Jeantex to adopt green technology
Nov '09
Jeantex Group, Inc announced that the company has completed a letter of intent with a Southeast Asian company whose principal business is in green infrastructure technology, holding several key patents that are believed to have significant worldwide impact on the industry.

According to the letter of intent, a definitive agreement is expected to be executed during the week of December 14, 2009 or shortly thereafter, subject to further due diligence review by the Company. The Company will issue a press release on the details of this transaction early next week.

The Company believes this new technology may qualify it for substantial assistance under the Energy Policy Act of 2005, which authorizes the U.S. Department of Energy to issue loan guarantees to eligible projects that "avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases" and "employ new or significantly improved technologies as compared to technologies in service in the United States at the time the guarantee is issued."

The Company's board of directors has also passed resolutions to reduce its authorized capital from 4,999,500,000 to 300 million authorized shares of $0.001 par value common stock. The Company has 75.4 million shares of common stock issued and outstanding, after taking into account 20.8 million shares that have been earmarked for cancellation. Currently there are approximately 5.2 million shares in the float.

Jeantex Group Inc

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Textiles | On 27th Oct 2016

Fischer Konzept installs sixth Zünd digital cutter

Fischer Konzept, German developers of individual packaging solutions...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search