The important bits.
"the expected product life cycle for production is seven years with ongoing total annual revenue of circa US$2 million (with annual timings fluctuating on demand)."
“Alexium is adding manufacturing locations worldwide to meet rising demand for AlexicoolTM. We are speeding up plant qualification processes as customers transition into full adaptation of our AlexicoolTM technology,” said Michael Schwartz, Vice President of Sales.
Dirk Van Hyning, President. “We remain on track to meet projected revenues of US$18.5m for calendar year 2016.”
Cheers.
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