CANBERRA: Alexium International Group Ltd (ASX:AJX) has received four new purchase orders worth annual revenue of US$3 million for its flame retardant (FR) technology, Alexiflam FR ™, Alexiflam-Crockban™ and Alexicool™. The orders were placed by leading international manufacturers in the transportation, bedding, and carpet industries. Alexium’s decision to expand manufacturing and production capacity in 1H16 is paying dividends as purchase orders continue to ramp up.
Michael Schwartz, Vice President of Sales, commented: “Our growing presence in these mission-critical industries continues to accelerate our momentum right now.” “The growing penetration of our environmentally friendly technologies and ability to customize our products to suit our Customers’ needs is giving us strong traction across the spectrum of our target markets.”
Alexium holds over 20 patents across nine countries for environmentally friendly chemistries and a process developed initially by the U.S. Department of Defense, which allows surfaces to become fire retardant, water proof and oil proof. 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™, Alexiflam FR™, Alexiflam SYN™, Alexiflam NF™, Alexicool™, Alexiflam PB™, and Alexiflam AD™ brand namess.
