This is a vintage, iron-on, embroidered patch for Ionics, a company that makes various water treatment technology products.
I actually love the name of this company as it always makes me think of high-tech, scientist/engineer in a lab coat type imagery. That makes this patch not only a great collectible for those interested in the company, but also a nice logo for those wanting to put together their own cosplay, Halloween or other type of costume.
Please notice from the picture that these patches have no border.
Grab one for your collection today!
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