Alexium International Group Limited (ASX:AJX, AX:AJX, OTC QX:AXXIY) has provided a general market update.
Revenue Generating Activities
Alexium’s revenue estimates for 2015 are based on development and scale-up efforts underway with specific customers, using the size of the opportunity and estimated speed of the scale-up process.
That budget process entails Alexium setting out, for each customer, targets for meeting critical necessary scale-up milestones towards sustained sales as rapidly as possible (i.e. passing sample production, successful customer scale-up trials, initial product delivery).
Alexium is well ahead of budget targets and moving closer to significant revenue accounts in a number of market segments at a faster rate than initially anticipated.
Alexium will continue to update the marketplace as the opportunities move forward.
Alexium expects to announce a further commercial customer contract in the next few weeks.
US Department of Defense Initiatives
Alexium’s CEO Nicholas Clark has been granted meetings with two Washington based influential senior military advisors who will assist Alexium to expedite its current military projects.
This is yet another opportunity for Alexium to promote its eco-friendly FR treatments through military channels, and it is the result of the progress made thus far in Washington, D.C., gaining supporters of Alexium’s products.
Alexium will keep the market informed as progress from this meeting.
US Market Listing
EAS Advisors are introducing investment banks to Alexium for the listing process including arranging visits to our South Carolina Facility. Further news will be provided in due course.
Intellectual Property
Alexium will shortly be adding additional fire retardant patent applications to its current reactive surface technology and fire retardant patent portfolio.
One new patent application will focus on an exciting new class of flame retardant products, whilst another patent application will cover a specific class of flame retardant fabric developed by Alexium.
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