Quarterly Activities Report for the period to 30 June 2015
Alexium experiences quarter after quarter growth
GROWTH SUMMARY
During the quarter and leading up to the Appendix 4C the Company received a combined $544,000 consisting of cash and near-term commitments from commercial customers and grantors. This includes $325,000 (USD$268,000) in purchase orders for FR chemistry
This quarter marks the third consecutive quarter-over-quarter growth, following two previous quarters of $100,000 and $111,000
Commenting on Alexium’s 4Q performance, Alexium CEO Nicholas Clark said:
“This significant increase in 4Q financial activity clearly shows the penetration of Alexium’s chemistries into the marketplace and is a clear indicator of the future trajectory of the company.”
ALEXIUM ACTIVITY HIGHLIGHTS
Increased potential addressable revenue for calendar year 2015 to more than $10m – with more than 20 engaged customers with a number ramping up to production, thus providing a platform for substantially higher 2016 revenues
Expanded into the Asian market to accommodate request of a leading US tent manufacturing customer to supply Alexiflam-SYN™ for its production facilities in Asia
Received Alexiflam™ purchase order and successfully scaled up new customer in the home furnishings market – later moved to full scale production as well as expanding use to additional product lines – potential ongoing annual revenue expected between US$5m and US$15m per annum
Successfully progressed commercial run trials with a supplier to the US Department of Defense for fire retardant (FR) solutions for advanced textiles comprising exotic materials for specific defense sector applications
Selected to proceed to second stage of development process for new FR uniforms with US Natick Soldier Systems Centre
Received purchase order for FR formulations from a new customer manufacturing high quality textiles for the European luxury automotive sector – potential ongoing annual revenue opportunity of US$10m to US$15m per annum
Commenced negotiations for exclusive one-year license for the use of AlexiflamTM in commission finishing of decorative fabrics for the home furnishing sector
Received purchase order for initial shipment of AlexiflamTM formulations from a leading US provider of fabrics in the defense, home furnishings and industrial markets – ongoing orders expected
US Brigadier USMC (ret) General Stephen Cheney appointed to board as non-executive director
CEO, Nicholas Clarks meets with key political members on military and commercial discussing FR products.
Appointment of key new sales and product development staff
Exhibition at world’s largest textile show Techtextil in Frankfurt – ongoing commercial negotiations with a number of potential customers across a range of sectors
ASX/Media Release
31 July 2015
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