Mr. Giancarlo Beevis reports

IFABRIC ANNOUNCES RENEWAL OF LICENSE AGREEMENT WITH TUMI TO CONTINUE INTEGRATION OF PROTX2®) TECHNOLOGY

iFabric Corp.'s wholly owned subsidiary, Intelligent Fabric Technologies (North America) Inc. (IFTNA), has renewed its licence agreement with Tumi Inc. to continue integrating IFTNA's Protx2 anti-microbial solutions across select Tumi products. The renewal extends the relationship first announced on May 5, 2021, by a further period of five years.

"We're excited to extend our partnership with Tumi, one of the world's premier performance-luxury travel brands," said Giancarlo Beevis, president and chief executive officer of IFTNA. "Seeing Protx2 featured in such a globally respected portfolio underscores our shared commitment to performance, durability and everyday protection for travellers," concluded Mr. Beevis.

Todd Barenberg, senior vice-president, global sourcing, at Tumi, commented: "Tumi looks forward to our continued partnership with IFTNA through the utilization of their Protx2 eco-friendly anti-microbial solutions. As leaders in the industry, we're committed to delivering best-in-class protection to our consumers."

The renewed program will continue to feature Protx2 in linings for Tumi's 19 Degree polycarbonate carry-on and related pieces, and in linings and select body fabrics for travel kits, toiletry kits, laundry bags and key accessories -- including items within the Alpha Bravo, Alpha, Arrive' and McLaren collections.

About Tumi

Since 1975, Tumi has designed premium travel, business and performance-luxury essentials focused on innovation and functionality, with a global footprint spanning dozens of countries and points of sale worldwide.

About iFabric Corp.

Headquartered in Markham, Ont., iFabric develops and commercializes innovative apparel and textile technologies through its subsidiaries, including IFTNA (performance and protective textile technologies) and Coconut Grove Intimates (intimate apparel solutions).

About Intelligent Fabric Technologies (North America) Inc. (IFTNA)

IFTNA, a wholly owned subsidiary of iFabric, engineers and supplies high performance treatments that add intelligent properties to textiles and other substrates -- such as anti-microbial functionality, water repellence, moisture management, UV (ultraviolet) protection and more.

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