Versarien (VRS) Chief Executive Officer Neill Ricketts talks about the commercial agreement it signed with MAS Innovation, part of a large privately held apparel and textile manufacturer.
Neil Ricketts said: “They’re probably the biggest company you’ve never heard of. They sit behind a lot of the key brands that you see on the high street.”
Mr. Ricketts said: “What this commercial agreement allows us to do is to talk about things like co-branding to make sure we get the Nanene onto the brand, it also enables us to talk about the way people will get paid, the revenue sharing, the royalties, and kind of sets the baseline by which we can now start to have really meaningful conversations with these high end brands”