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1.1¢ alexium international group limited

Sounds like the agreement with Pine Belt is all but dead with it...

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30/04/21

13:55

Post #: 52847329
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Originally posted by hammer66: ↑

This is worry is it not???

Manufacturing Scale Production of FR NyCo TechnologyOver the past year, the Company has been working with Pine Belt on the manufacturing process of Alexium’s FR NyCo treatment for producing flame retardant uniforms for military applications. Marrying the FR technology with the manufacturing process has been the major hurdle associated with this effort. In this reporting period, the disjunction and the viable methods for resolving it were identified and resolved.Alexium is now pursuing a two-prong commercialisation approach for NyCo: A solution for rolled goods application; and The solution for finished garment application, as used at Pine Belt, which is under review and is expected to encounter further delays.The advantage of the two-prong approach is that Alexium is now in a position to leverage these recent developments and work with a wider group of customers who service the military. We anticipate having further updates on the commercialisation pathway in the next few months
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Sounds like the agreement with Pine Belt is all but dead with it under review. Sounds bad for the military side of things, but perhaps theres more to the 'wider group of customers'? Cheney has been a recent buyer.

AJX Price at posting: 5.0¢ Sentiment: None Disclosure: Held
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