IRW-Press: Growing Revenues Underline Strength Of Alexiums Proprietary Platform Technology
| Published on 10 October 2012 |
by Press Office
(IRW-PRESS and WireNews+Co)
Vienna, Austria
|
Alexium International Group Limited (Alexium) (ASX:AJX, AX:AJX, OTC QX:AXXIY) announced today that its growing revenues are from multiple sources as a result of commercial development agreements, license payments, and a project funded by the US Department of Defense.
• Alexium is seeing increased revenues from commercial relationships related to the commercial roll out of its novel fire retardant “FR” nylon treatment.
• Alexium is starting to see revenues from the US Air Force to further develop and evaluate Alexium’s Cleanshell® CB repellency treatment.
• Alexium is receiving revenues from early commercial demonstration trials.
“We are very pleased with our ability to book growing revenues while containing operating expenses and at the same time increasing patent protection of our proprietary intellectual property. We remain very optimistic regarding our opportunities in the coming year.” remarked Stefan Susta, COO and Executive Director of Alexium.
For more information visit Investor Relations Tab at: www.alexiuminternational.com.
Contacts
United States
Stefan Susta
COO & Executive Director
ssusta@alexiuminternational.com
T: +1 864-908-6946
Australia
Gavin Rezos
Executive Chairman
grezos@alexiuminternational.com.au
T. +61 8 6162 1358
M. +61 412 898 235
Nicholas Clark
CFO & Company Secretary
nclark@alexiuminternational.com
T. +61 8 6162 1358
M. +61 432 412 663
About Alexium
Alexium International Group Limited (ASX:AJX, AX:AJX OTC QX:AXXIY) holds proprietary patent applications for a process developed initially by the US 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 water proofing, oil proofing, anti-microbial, non-stick and UV protection. Applications under development include but are not limited to textiles, paints, packaging, glass and building materials. Further information is available at www.alexiuminternational.com.
About OTCQX
Alexium International Group Limited (OTCQX: AXXIY) trades on the OTCQX, the top tier of the OTC market designed for the best OTC companies that meet the highest financial standards and undergo a qualitative review. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com
Contacts
- Joachim Brunner
- IRW-Press
- PR Contact
- Tel: +43724221193011
Posted 2012-10-10 09:29:00
