I note that the first item for mention under Highlighted Elements of a Strong Base for 2017 Growth and Profitability is the Alexicool supply agreement for inner and outer-wear garments with one of the world’s leading household apparel manufacturers.
This agreement was first announced late last September, the Alexicool trademark was filed the same month – now, multiple products are said to be ready for formal marketing in H2 this year. This agreement, along with the Pegasus Alexicool pillows agreement, is of particular interest to me. As regulatory requirements mean that Alexiflam takes a longer route to market, Alexicool should nicely fill the shorter term revenue gap.
A$13.3 million recurring annual revenue estimated from the US pillow agreement. How much from the global apparel company?
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