PERTH, WA and GREER, SC -- (Marketwired) -- 11/19/14 --Alexium International Group Limited (Alexium) (ASX: AJX) (OTCQX: AXXIY)
Key Points:
- Alexium is now engaged with five customers in the transportation upholstery market.
- Two of these opportunities utilize Alexium's new wool treatment which provides exceptional Fire Retardant (FR) performance and durability.
- This wool-based treatment is also effective at low loadings, which enables critical fabric properties to be maintained post FR treatment.
- The other three opportunities use Alexium's Alexiflam™ chemistry, which has been developed to be used as a back coating to fabrics rather than a surface coating.
- These opportunities represent a potential annual sales volume of US $10 Million.
- All of these customers value our eco-friendly chemistries as an adjunct to value and performance.
- The transportation industry has been searching for eco-friendly flame retardant solutions for their fabrics now that halogenated chemistries are being withdrawn from the market.
Alexium International Group Limited (Alexium) (ASX: AJX) (OTCQX: AXXIY) announced today that it has expanded its success in the transportation markets by engaging two additional customers in commercialization and scale-up activities in that sector. With these new customers, Alexium is now engaged with five different transportation upholstery manufacturers in various stages of the commercialization and scale-up process with a total potential annual sales volume of $10 million.
These manufacturers span the transportation market: wool-based public transportation fabrics; backings for leather upholstery substitutes; and automotive body cloth for both domestic and high-end foreign automakers. Two of these opportunities are for Alexium's new wool treatment, which is a brand new proprietary chemistry that provides exceptional FR performance and durability, while the others are interested in our Alexiflam™ chemistry used in a back coating application. After seeing potential in the transportation market, Alexium developed this back coating solution, which can be directly dropped in as a replacement to halogenated chemistry, minimizing disruption to those customers' production.
"Although the modern textile manufacturer has developed a clear eye on innovation and new products as a necessity for sustained growth, the textile industry still has the traditional core operational foundations of quality and on-time delivery. That will never change," stated Dirk Van Hyning, Alexium's General Manger of Operations. "That's what makes the commercialization process for these customers so deliberate. We have structured our operations to make sure the implementation of our exciting new chemistries blend seamlessly with our respective customers' needs and production processes, and to date each trial has successfully progressed to the next stage."
"We are pleased that the transportation industry has verified the need for our eco-friendly flame retardant treatments," remarked CEO Nicholas Clark. "This is an industry that is continually looking for replacements of halogenated chemistry, and we are an obvious solution to their needs."
For more information visit: www.alexiuminternational.com
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 Ascalon™, Nycolon™, Nuvalon™, and Polytron™, Omnitron™ and Bactron™ trademarks.
U.S Contacts:
Nick Clark
Chief Executive Officer
nclark@alexiuminternational.com.au
U.S.: +1 864.991.6687
Julie Patrick
Marketing & PR Specialist
jpatrick@alexiuminternational.com
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
Europe/Australia:
Gavin Rezos
Executive Chairman
grezos@alexiuminternational.com.au
UK: +44 7447.560.303
AUS: +61 412.898.235
ABN: 91 064 820 408
ASX: AJX
