SOURCE: Alexium

Alexium

April 03, 2016 18:52 ET

Moelis Initiates Coverage of Alexium

PERTH, AUSTRALIA and GREER, SC--(Marketwired - Apr 3, 2016) - Alexium International Group Limited (Alexium) (ASX: AJX) (OTCQX: AXXIY) has announced that it is now being covered by Moelis Australia Securities Pty Ltd., which on 31 March 2016, issued a rating of buy. The Moelis report cited Alexium's innovative, environmentally friendly fire retardant chemical formulation; this chemistry preserves a fabric's tactile and other sensory properties and is cost efficient for customers. The Company's intellectual property and flexible partnership system and long term growth also were highlighted.

"Alexium is well-positioned for the next phase of its growth and we continue to expand our customer base," said Nicholas Clark, Chief Executive Officer. Nicholas further stated, "The decision by Moelis to cover our company is a strong sign of confidence that we are moving in the right direction."

The Moelis research report can be accessed by visiting www.alexiuminternational.com and selecting "Investors" and then "Investor Research."

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.

About Moelis
Moelis and Company is a global independent investment bank that provides financial advisory services to corporations, governments and financial sponsors. The firm advisors on strategic decisions such as mergers and acquisitions, recapitalizations and restructurings and other corporate finance matters. It was founded in 2007 and is headquartered in New York, with 17 offices in North and South America, Europe, the Middle East, Asia and Australia. It has 650 employees including 450 investment bankers. Of the 100 managing directors, averaging more than 20 years of experience.