from the newsletter: Military
We stated in the last 4C that once Alexium and its partner finalize the fabric construction and adjust the final FR treatment to match, the project would move into a procurement phase, which includes: hazard assessment, limited user evaluations (i.e. field trials) and specification writing. This effort, once successful, is expected to cascade into adjacent programs in other branches of the military and US allies in NATO. These are very large and valuable opportunities and once the military change specifications, procurement and place orders, these become long term contracts. That is why they take time to conclude but we are now much closer to military orders with the benefit of the experience of partner, who is a prime defense contractor in this space. We expect to be able to update the market with news on our military efforts soon.
AJX Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
