IRW-Press: Alexium Corporate Update: Product Development Activities On Track
| Published on 09 January 2013 |
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 Alexium’s late product development phase and commercial roll out are proceeding on plan. Alexium’s novel nylon FR treatment is quickly moving from development to scale-up and initial production.
This week, Alexium and Duro Textiles will begin production runs for a specific end application. Initial product runs for other customers are planned over the next months. Duro Textiles licensed Alexium’s novel flame retardant (FR) treatment under an exclusive commercial agreement for nylon fabrics. The scope of the license would cover Duro’s 95%+ nylon product areas for military, government and commercial markets in North America.
“Transitioning our FR nylon treatment to Duro’s production floor is a key near-term objective. Both parties are eager to get over the last development stages and get products into the market.” stated Stefan Susta, Alexium’s COO and Executive Director.
Alexium’s innovative technology for synthetic fabrics is based on a unique charring mechanism that extinguishes the flame while preventing any melting or dripping. After production transition of FR nylon to Duro Textiles, Alexium’s will shift technical emphasis to developing an exciting product pipeline for nylon blends and non-textile applications. Alexium has not assigned licenses for treatments of nylon blends and non-textile applications.
For more information visit: 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. +618 6162 1358
M. +61 412 898 235
Nicholas Clark
CFO & Company Secretary
nclark@alexiuminternational.com
T. +618 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 fire retardance, water proofing, oil proofing, anti-microbial, non-stick and UV protection. Applications under development include but are not limited to textiles, composites, 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 2013-01-09 12:31:00
