Today, Alexium International Group Limited (ASX:AJX) (OTCQX:AXXIY) is announced the Company received a significant purchases from a new customer in the home furnishings market.
Alexium has been working with the new customer over the past few months to perform multiple short-production scale trials at the customer’s facility using Alexium’s Alexiflam™ chemistry, a process that has resulted in exceptional performance results.
Prior to the launch of the product, Alexium has received a purchase order to run a substantial amount of yardage to confirm those results on a larger scale. Alexium expects this to be a valuable relationship for both parties once confirmation of the results is confirmed. This will generate between $3M and $10M annually in revenues to Alexium.
Nicholas Clark, CEO of Alexium, said, “We are continuing to generate strong interest in the commercial sector markets, and this opportunity with a major U.S. company in the home furnishings arena will help cement Alexium’s reputation for environmentally-friendly, performance based durable and cost effective Fire Retardant solutions.”
Upon completion of the negotiations of the contract and firm pricing, Alexium will provide a further update on this opportunity to the market.
About Alexium Alexium International Group Limited (ASX: AJX) (OTCQX: AXXIY) holds proprietary patent applications for a process developed initially by the U.S. Department of Defense, which allows for the surface modification and attachment of nano-particles or multiple chemical functional groups to surfaces or substrates to provide functions such as fire retardancy, water proofing, oil proofing, and anti-microbial treatments. Applications under development include but are not limited to textiles, paints, and packaging, glass and building materials. Alexium’s fire retardant chemical treatment are currently marketed for different fabric markets under the Alexiflam™, Alexiflam-NF™ and Alexiflam-SYN™ trademarks. For more information on Alexium refer to the Company’s website at www.alexiuminternational.com.
U.S Contact: Julie Patrick
Marketing & PR Specialist
U.S.: +1 864.908.6793
U.S. R&D Center: 8 Distribution Court
Greer, SC 29650
T: +1 864.416.1060
F: +1 864.752.6465
U.S. Corporate Office: 148 Milestone Way
Greenville, SC 29615
T: +1 864.603.1165
F: +1 864.752.6465