SOURCE: Alexium International

Alexium International

June 06, 2016 20:04 ET

Alexium Adds New Client Serving the Bedding Industry and Expands Application of Alexium's Fire Retardant Phase Change Material Technology to Apparel Industry and the Linens Market

PERTH, AUSTRALIA and GREER, SC--(Marketwired - Jun 6, 2016) - Alexium International Group Limited ("Alexium," "the Company") (ASX: AJX) (OTCQX: AXXIY) today announced the sale of flame retardant, cooling phase change material to a new client that serves the sleeping product industry, and entry into new major markets with the Company's technology.

"Alexium is now in production or full-scale trials with six global mattress fabric finishers," said Nicholas Clark, CEO, Alexium, "and for the first time, a major manufacturer in apparel is evaluating our flame retardant phase change material technology. Alexium's traction as we capture increasing share of the bedding industry and penetrate new markets such as apparel shows the flexibility and functionality of our chemical solution; this is a clear market need that Alexium uniquely satisfies."

The newest client for Alexium in the bedding-related industry is a U.S. based textile finishing operation. This customer recently purchased Alexium's innovative flame retardant phase change material (FR/PCM) solution, and the initial shipment has been delivered. This client addition follows Alexium's announcement on May 23 that Alexium had reached a sales agreement with one of the largest global producers of mattress ticking. Work with this client is progressing well; shipments have been sent to the customer's U.S. operations and will go to the European operations in mid-June.

Representatives of Alexium's sales and product development teams are working with a major apparel brand to bring Alexium's combination of PCM and FR technology to their offerings. Alexium's chemistry is environmentally friendly, keeps fabrics cool, and preserves the feel of the fabric.

"In addition to our sales to the bedding market, Alexium is making significant inroads into the apparel industry and linens, a new segment of the home furnishings industry for us," said Dirk Van Hyning, President, Alexium. "We are well capitalized to meet our new client's expectations whilst maintaining our existing accounts."

About Alexium
Alexium International Group Limited (ASX: AJX) (AX: 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 treatments are currently marketed for different fabric markets under the Alexiflam™, Ascalon™, Nycolon™, Nuvalon™, and Polytron™, Omnitron™ and Bactron™ trademarks. For additional information about Alexium, please visit www.alexiuminternational.com.

Contact Information

  • U.S. Contacts:
    Nicholas (Nick) Clark
    Chief Executive Officer
    nclark@alexiuminternational.com

    Melissa P. Kelly
    Vice President, Corporate Communications
    mkelly@alexiuminternational.com
    U.S.: +1 864.603.1165x303

    U.S. Corporate Offices:
    148 Milestone Way
    Greenville, SC 29615
    U.S.: +1 864.603.1165

    1100 New York Avenue
    Suite 710W
    Washington DC 20001

    U.S. R&D Center:
    8 Distribution Court
    Greer, SC 29650
    U.S.: 864.416.1060