SPINNOVA PLC, PRESS RELEASE, 14 JANUARY 2026 AT 9 A.M. UCT+2

Yarn spinning partner Tearfil continues to support Spinnova’s fibre and technology

Spinnova Plc has signed non-binding Letter of Intent (LOI) with Portuguese yarn spinning company, Tearfil Textile Yarns to secure access to SPINNOVA® fibre volumes.

The LOI outlines an important step in Spinnova’s ambitions to create an ecosystem (consortium) to enable the availability of textile materials with sustainable SPINNOVA® fibre in the textile materials market.

Tearfil is a visionary spinning mill and one of Spinnova’s key partners in increasing the industrial adoption of SPINNOVA® fibre in the global textile value chain. Tearfil will introduce yarn blends that holds SPINNOVA® fibre to the European textile players and market.

“Our brands and industrial partner’s support and expression of interest in future fibre volumes is valuable, as engaging all stakeholders across the value chain is essential. It is also a key step for our future ambitions building partnerships with whom we can continue the important work towards scaling our fibre production. Through our collaboration with Tearfil we can continue the important work in making our fibre more accessible and contributing to the ongoing development of sustainable and high-quality materials in the industry", says Pedro Brito, the Senior Commercial Manager at Spinnova.

“We are thrilled to strengthen our partnership with Spinnova through this Letter of Intent. At Tearfil, we are committed to pioneering sustainable practices in the textile industry. The SPINNOVA® fibre is a significant advancement in sustainable materials, and we are proud to be at the forefront of its industrial adoption. This collaboration not only enhances our product offerings but also aligns with our vision of promoting environmental responsibility and innovation. We look forward to introducing yarn blends containing SPINNOVA® fibre to the European market and beyond, setting new standards for sustainability in textiles", says Tearfil’s CEO, Maria de Belém Machado.

Spinnova Plc

For further information, please contact:
Pedro Brito
Senior Commercial Manager
Tel. +358 20 703 2430
[email protected]

Spinnova – The textile material innovation

Spinnova technology transforms the way textiles are manufactured globally. Based in Finland, Spinnova has developed breakthrough patented technology for making textile fibre out of wood pulp or waste, such as leather, textile, or agricultural cropping waste, without harmful chemicals or dissolving.

Spinnova technology creates no side streams in the fibre production process, and the SPINNOVA® fibre has minimal CO2 emissions and water use, as well as being biodegradable and recyclable. Spinnova technology uses a mechanical process which gives the fibre the look and feel of a natural cellulosic fibre such as cotton.

Spinnova’s shares (SPINN) are listed on the Nasdaq First North Growth Market Finland.

SPINNOVA® home: www.spinnova.com

Corporate & IR site: www.spinnovagroup.com

About Tearfil

Tearfil is a visionary spinning mill, rooted in Portugal since 1973. Recognising their key role in the textile sector, they are committed to building a more connected, honest, and responsible industry. Blending their solid know-how, with best fibre ingredients, and their customers’ progressive ideas, Tearfil’s mission is to create the smartest, cleanest, most sustainable yarn solutions yet.