Developer of Fire Retardant chemicals. Corporate office Perth West Australia, but operates out of Greer, South Carolina, USA.
AJX is about now cash flow positive (projected) and expects to be in profit this cal. year - ie. before Dec. 31.
The company has many trials out with major fabric manufacturers and has received initial orders. Full scale manufacturing tests are in place with several companies. Most of the technologies for most fabrics are complete although there are some on going developments still in some fabrics. The company also has developing products in other areas - eg. domestic paint. The company already has a paint product available for military purposes.
Several contracts are expected in the near future. The contract flow has already started with a major auto manufacturer incorporating AJX product into it's process (35% of the US market alone) http://www.asx.com.au/asxpdf/20140826/pdf/42rqzxnwhmzvzx.pdf
Major moves are under way in the legislative process in US government right now (and expected to be complete by 31 Dec this year - which may well put AJX as the only available supplier of FR products for military uniforms. There is information available on this, but it is very difficult to find - a HC member has done extensive research on this and it is probably easiest to read that members posts
It is viewed by many that the DOD changes are cream on the cake - the commercial side of the business ensures success anyway, and soon - however, the DOD side of the business would be very exciting assuming passage through the legislative process comes to a happy finale.
The best research on the company is provided by Baker Young - the inital coverage of Dec 2013 gives clear explanation of the technology
The above should give a rough idea of where the company is heading. Note that during the last turn down in the asx when pretty much everything was being thrown out the window --- AJX share price was supported and pretty much stood still whilst all around it plummeted - that shows great support.
