SOURCE: Alexium International Group

Alexium International Group

August 26, 2015 15:00 ET

Major Bedding Customer Continues Expansion of Alexiflam™ FR Chemistry

PERTH, WA and GREER, SC--(Marketwired - Aug 26, 2015) -  Alexium International Group Limited (Alexium) (ASX: AJX) (AX: AJX) (OTCQX: AXXIY) is pleased to announce that it continues to receive additional purchase orders from its major US Bedding customer for Alexium™ FR finish. This is an expansion of the efforts detailed in the press release from August 17, 2015, and is in preparation for expected imminent full commercial ramp-up.  Click to View Press Release.

As previously noted, as product testing progresses, this Customer continues to see an increasing range of opportunity of Alexiflam™ treatments on their home furnishing products. This has resulted in multiple production runs and an increase in purchase orders preparing for a larger than initially expected full commercial ramp-up. The initial product roll-out has also been increased by the Customer and remains on target for 3rd and 4th quarter revenues.

Steve Gravlee, VP of Sales, stated, "This is further validation that this major US home furnishings and bedding Customer sees the value proposition that our award winning environmentally friendly Alexiflam™ FR treatments bring to their business as they continue testing additional uses of our Alexiflam™ formulations."

Nicholas Clark, CEO, stated, "It is very encouraging to see a continued commitment from this customer to expand our formulations to other product lines. This further cements Alexium as a key partner for this Customer." Mr. Clark added, "We continue to see purchase orders from other commercial sector clients, as well as continuing with our ongoing relationship with the US Department of Defense which shows the value and performance of our treatments in the market place."

About Alexium
Alexium International Group Limited (ASX: AJX, AX:AJX OTC QX: 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