The downturn in bedding and the US economy was mentioned and how if it had been a normal year, Alexium would have been cashflow positive - so that gives hope for the future alone if nothing else occurs.
But otherwise ... A big bedding customer is starting new sales towards the end of this CY, with receipts showing up probably in Q3 - there maybe an announcement on this when it starts.
I think 4 Body armour companies are field testing - also the cooling pads are being sewn into the fabric now rather than stuck on which makes more sense as I would image friction would rub away the pads or scrunch them up abit . They are also looking at getting or trying to get public bodies, and police etc requesting in their tenders that eclipsis is included for body armour orders.
They are still awaiting response from the Marines - they were supposed to get initial feedback after 8 weeks but it has been 12 weeks now ... US army still progressing - I think some pyroman testing coming up. Should we get a win here with FR NyCo - there will be minimal increase in our expense base but a massive increase in revenue. Also even though they may be field testing next year a few different companies FR fabric, it kinda sounds like Alexium is in a good position even over its closest competitor - in terms of meeting the requirements and on pricing.
AJX Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
