Myant Announces Joint Venture with Osmotex AG to Integrate and Commercialize HYDRO_BOT Electronic Moisture Management Technology for Textile-Based Applications

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TORONTO, December 9, 2019 – Myant Inc., industry leaders in textile computing, and Osmotex AG, Swiss pioneers of electronically controlled moisture management technology, have agreed to enter into a joint venture for the commercialization of Osmotex’s HYDRO_BOT active membrane technology across various textile-based applications. The integration of HYDRO_BOT with Myant’s existing portfolio of textile-based sensing and actuating capabilities opens up new possibilities across a wide range of domains including sweat/moisture management and thermal regulation.

HYDRO_BOT technology is capable of moving 200 liters of fluid across a square meter of textile every hour via an electroosmotic process, providing a practically limitless ability to manage moisture in textile applications. Applied in conjunction with Myant’s existing capability to deliver heat via textile and to achieve effective passive moisture wicking via novel knitted structures, the combination of technologies is poised to dramatically improve the ability to regulate body temperature in applications such as personal protective equipment for workers in heavy industry, protective gear for workers in hot desert-like climates, performance wear like snow suits or skiing apparel in cold climates, footwear, motorcycling apparel, and more. In addition to apparel, significant market opportunities exist in the moisture management as applied to the automotive industry and in the healthcare industry.

“The creation of this joint venture between Myant and Osmotex reinforces our mission to develop textiles as bidirectional interfaces to the human body capable of optimizing health and performance across all spheres of life,” said Tony Chahine, founder and CEO of Myant. “Our team is excited to begin integrating HYDRO_BOT into our textiles and bringing this transformative technology to market.”

“We are excited to be working together with Myant to realize the full potential of the HYDRO_BOT technology,” said Joacim Holter, Managing Director and Chairman of the Board for Osmotex AG. “Myant’s ability to integrate our technology and to produce at scale all under one roof made them an ideal partner to help make our vision a reality.”

For commercial inquiries or more information, please contact:

Brian Fung
Director of Marketing at Myant
brian.fung@myant.ca, 416-423-7906 x401

Frank Florio
VP, Strategy & Business Development at Myant
frank.florio@myant.ca, 416-423-7906 x421

Joacim Holter
General Manager and Chairman of the board at Osmotex
joacim.holter@osmotex.ch, Mobile (CH): + 41 79 534 44 74, (NO): + 47 40 05 90 4

About Myant Inc.

Myant has created the world’s first platform that continuously and ambiently connects people to their bodies, to each other, and to the world around them. Using connected textiles that can sense and react to the human body and a platform that enables machine learning driven health and performance outcomes, Myant is on a mission to transform human connectedness. With an extensive patent portfolio, key exclusive relationships within the textile computing industry, a multidisciplinary team of researchers, engineers, data scientists, fashion designers and knitting specialists, and over 80,000 ft² of manufacturing capacity, Myant is changing the way people across society connect. Connect with us to find out how we can help you create innovative solutions powered by connected textiles and the Myant Platform.

Visit https://www.myant.ca to learn more.

About ​Osmotex AG and HYDRO_BOT

Osmotex AG is a Swiss corporation founded in 2008 funded by a group of Norwegian and Swiss Investors and Banks. Osmotex AG is a research and development company dedicated to electroosmotic vapour and fluid transport. As the developer of HYDRO_BOT, Osmotex has pioneered moisture transport delivering the first ever electronically controlled active membrane to the market.

For more information about Osmotex AG and HYDRO_BOT, please visit http://www.hydrobot.com.