SOURCE: Alexium International Group

Alexium International Group

August 17, 2015 09:59 ET

Additional Orders From Major Bedding Customer for Alexiflam™ FR Treated Products

PERTH, AUSTRALIA and GREER, SC--(Marketwired - Aug 17, 2015) -  Alexium International Group Limited (Alexium) (ASX: AJX) (OTCQX: AXXIY)  is pleased to announce two additional purchase orders from its major bedding customer of Alexium FR finish after successful full-scale production runs. This is a continuation on the progress detailed in the press release from June 16, 2015, and is in preparation for expected imminent full commercial ramp-up. Click to View Press Release.

It is important to note that when this customer originally ordered Alexiflam, their scope was to use Alexiflam for a single product that they had in mind, with projected revenues of US $200,000 - $300,000 per month. As the product testing progressed, they determined there were many other opportunities to use Alexiflam on other fabrics. This has resulted in multiple production runs and an increase in purchase orders preparing for an even more promising full commercial ramp-up.

This initial product roll-out remains on target for 3rd and 4th quarter revenues and has been increased by the customer following outstanding product feedback during a recent home furnishings trade show in Las Vegas, NV, August 2nd - 6th

Steve Gravlee, VP of Sales, stated, "We are excited to report that with each trial, this home furnishings customer sees the value proposition that Alexiflam FR brings to their business as their original scope continues to expand."

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.  

Contact Information

  • U.S Contacts:
    Nick Clark
    Chief Executive Officer
    nclark@alexiuminternational.com
    U.S.: +1 864.991.6687

    Bradi Dobson
    Marketing Specialist
    BDobson@alexiuminternational.com

    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

    Australia:
    Matt Wright
    Investor Relations
    matt@nwrcommunications.com.au
    AUS: +61 451.896.420

    ABN: 91 064 820 408
    ASX: AJX