Ann: $12m Institutional Placement and Announcement of $3m SPP, page-52

Positive view time

"Development trials are underway with various segments of the military uniform supply chain to US
Department of Defense.
 Progress has been made in developing additional strategic partners that will allow us to broaden the
FR applications to be addressed in the military sector.
 With successful results, Alexium expects the DoD procurement process for FR-treated uniforms to
commence with hazard assessment testing, field trials and user specification details in H2 FY2018"

So they are now in tight with more than one cloth/uniform supplier, that is good.  H2 FY2018 is Jan - June

In addition, the potential for significant orders of Alexiflam®
FR for military applications and for Alexicool™ for use in bedding, both of which require Alexium to demonstrate
balance sheet financial strength as part of customer financial audits as a precursor to long term large volume
orders.

Ahhh, I thought they needed the balance sheet strength.  Remember that one of the US military's biggest uniform suppliers went belly up lastyear? year before.  Consequently everyone would be looking at strength throughout the supply chain.  

Successfully completed product validation and production scale up trials with manufacturer of high volume
healthcare applications in early December with a full-scale production trial anticipated in Q3 FY 2018.

Ok, that wasn't expected.  Lets see what come out of this.  

We are all worried that the CR will be used for remuneration of some kind.  The above seems to highlight that it is growth rather than BaU  that is driving the CR.  Lets wait and see.