SOURCE: Alexium International

Alexium International

May 09, 2016 09:12 ET

Alexium Announces New Client in Fiberglass Epoxy

Fiberglass Epoxy Client Continues Momentum in Alexium Polymer Coating Sales

PERTH, AUSTRALIA and GREER, SC--(Marketwired - May 9, 2016) - Alexium International (ASX: AJX) (OTCQX: AXXIY

Highlights

  • Alexium continues diversification of customer base.
  • Alexium builds on new sales, as being "the solution" to polymer market.
  • Builds success with $6.6 billion global non-textile flame retardant market.

Alexium International Group Limited ("Alexium," "the Company") (ASX: AJX) (OTCQX: AXXIY) -- Alexium announced today the receipt of a new purchase order and client from a fiberglass epoxy manufacturer located in the Southeastern U.S.

"We are seeing significant progress serving the polymer coatings market," said Alexium President Dirk Van Hyning. "The interest in our eco-conscious technology is very high, especially with the lack of alternative flame retardant (FR) solutions for this sector."

Alexium recently penetrated the coatings and polymers sector. According to research done by the company, the global FR non-textile market is estimated to reach US$6.6 billion by 2019. Alexium is having success with Alexiflam SYN-FILL™, the company's proprietary FR solution for plastics, resins and composites; uses include electronics, building, construction, coatings, and molded injunction.

The company currently has clients world-wide for the Alexiflam family of chemical solutions in a number of sectors including bedding/decorative fabrics, military and workwear, automotive and transportation, and outdoor fabrics.

"Alexium is exploiting a tremendous advantage in the market; we have an extensive product line of proprietary solutions and serve a variety of sectors through our global sales/distribution network," said Nicholas Clark, Alexium CEO. "We remain on track for our mid-year and year-end goals."

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 treatments are currently marketed for different fabric markets under the Alexiflam™, Ascalon™, Nycolon™, Nuvalon™, and Polytron™, Omnitron™ and Bactron™ trademarks.