Similar to @susieq post By George Tchetvertakov - October 3,...

Similar to @susieq post

By George Tchetvertakov - October 3, 2019

Chemicals company Alexium International Group (ASX: AJX) is on course to be EBITDA positive by the end of this year with interest in its Alexicool technology and its application to the bedding market “growing rapidly”, according to Alexium chief executive officer Dr Bob Brookins.

Having received approval from the US Environmental Protection Agency (EPA) to manufacture and sell the product in the US, Alexium is “well-positioned to drive commercialisation in the global market for flame-retardant cotton,” the company said.

The deal is expected to provide Alexium with greater market access across the world including improving distribution, manufacturing and development of its Alexiflam NF range.

Given the relative novelty of the deal, Alexium has refused to share specific details including the structure of the agreement and has said that details regarding the structure of the agreement and commercialisation strategy “cannot be discussed at this time but will be shared when appropriate”.

https://*********.com.au/alexium-growing-demand-flame-retardant-materials-expects-revenue-growth/