“Coloreel's thread-coloring unit can produce over 12 million colors, roughly 80% of the Pantone palette”

12 million colors and the ~80% Pantone figure are stated verbatim in Coloreel's own FAQ, the manufacturer and better authority here. Source 2 (ZSK, a reseller) does not give numbers, describing only "unlimited colors" via the CMYK process, and adds that "Certain tones fall outside the CMYK spectrum used by Coloreel's technology" — consistent with, not contradicting, the 80% coverage figure. Neither source is an independent measurement; both trace to Coloreel's marketing.