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18:33
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Originally posted by Wisefool22:
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Ah, yeah receipts were lower than I thought, bloody hell another point for Jaz, there's obviously a natural disconnect between orders received, cash receipt and cash outflow.supply agreement ! Not to be confused with the Pine belts and the ICL agreements recently announced. Supply Agreement Signed with Multi-Billion-Dollar Bedding ManufacturerOn 28 March, Alexium entered into a Supply Agreement with a multi-billion-dollar North Americanmanufacturer of mattresses as the preferred supplier of phase-change-material products for textileapplications to their bedding products with the intent to form a strategic partnership.Under the Supply Agreement, Alexium will provide its Alexicool® products (a proprietary line of phasechange-material products) for application across the mattress manufacturer’s brands. The SupplyAgreement has a two-year term that may automatically renew for successive one-year terms. ThisSupply Agreement clearly illustrates Alexium’s alignment with a leader in the mattress industry toprovide mattresses with improved thermal regulation. 3Dr Bob Brookins said: “Our North American partner has grown and sustained its position in beddingmanufacturing and distribution by embracing innovation and technology. This agreement combinestheir bedding experience with our speciality expertise in phase-change-material chemistry and itsapplication to textiles. As demand for temperature management in bedding grows, it offers theexciting opportunity for us to bring Alexicool® cooling technology to a wider range of bedding productsand to explore and expand additional areas of technical collaboration with a strategic partner.” “We expect to achieve positive monthly EBITDA on an ongoing basis by the fourth quarter of thiscalendar year, and sustained profitable growth in the years ahead.”
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Another disappointing Quarterly.........spending over $2 to make $1......
