The bedding market seems to be going great guns, another one of the 'LARGEST IN THE WORLD', I can't wait until the report comes out at the end of January, only about 20 weeks away.
"The newest client for Alexium in the bedding-related industry is a U.S. based textile finishing operation. This customer recently purchased Alexium’s innovative flame retardant phase change material (FR/PCM) solution, and the initial shipment has been delivered. This client addition follows Alexium’s announcement on May 23 that Alexium had reached a sales agreement with one of the largest global producers of mattress ticking. Work with this client is progressing well; shipments have been sent to the customer’s U.S. operations and will go to the European operations in mid-June."
AND THIIS
($5 mill annually and expected to grow rapidly).
Highlights:
Alexium’s flame retardant phase change material (PCM) to be exclusively used by leading global mattress ticking producer.
Alexium deal breaks new ground in PCM bedding market, with estimated share for Alexium of more than $5 million revenue per annum
Multi-year production plan now being developed.
“Our share of the PCM bedding market is more than $5 million annually,” said Clark, “and we expect this share to grow rapidly given the performance, cost and environmental benefits of our fire retardant PCM product. Alexium’s FR PCM technology provides bedding manufacturers with an exciting new product feature in a market where innovation is typically incremental. Our customers in this segment will now be able to significantly increase market share by offering what is a new and sought-after feature. We are well capitalized to meet this client’s expectations whilst maintaining our existing accounts”
