AJX 9.09% 1.0¢ alexium international group limited

Ann: New defence sector customer for advanced materials, page-2

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  1. 17 Posts.
    ALEXIUM COMMENCES TRIAL WORK WITH NEW US DEFENSE CONTRACTOR FR
    SOLUTIONS FOR ADVANCED TEXTILES USING EXOTIC MATERIALS
    NEW HIRES TO SUPPORT CUSTOMERS INTEGRATION OF OUR PRODUCTS
    Perth, WA and Greer, South Carolina: Alexium International Group Limited (Alexium)
    (ASX:AJX, AX:AJX, OTC QX:AXXIY) announces the successful progress of commercial run
    trials with a supplier to the U.S. Department of Defense (DoD) for fire retardant (FR) solutions
    for advanced textiles comprising exotic materials for specific defense sector applications.
    Our customer produces and sells materials with stringent FR requirements and which comprise
    combinations of exotic materials, including Lycra™, Neoprene™ and natural rubber. Alexium
    quickly provided a solution with superior performance, feel and durability over the Customer’s
    current FR formulation. Alexium exceeded the Customers FR specification requirements on each
    of the first two scale up trials and is now undertaking a third scale up round to optimize
    throughput at the Customers production and finishing facility.
    Alexium will provide information on the Customer and the first specific FR products for this
    Customer, once products are being shipped. The revenue potential for our FR formulations on a
    first application would start at US$1.0MM pa and grow as FR solutions for Lycra™, Neoprene™
    and natural rubber are applied to new products.
    This new work is an additional element to Alexium's overall Defense sector strategy,
    complementing the work being undertaken with the US DoD Natick Army Research Center on
    “Green Initiatives” and the Army Fire Retardant Army Combat Uniform (FRACU).
    Dr. Bob Brookins, Alexium’s Vice President of Research and Development, added “What
    distinguishes Alexium’s chemistry, over and above our patented and environmentally friendly FR
    solutions, is the ability to be able to treat difficult materials and meet our client’s specific needs
    through changes to our formulations. This is only made possible by our exquisite understanding
    of the depth and range of FR chemistries.”
    NEW HIRES
    “To meet the need to support our growing customer base in managing applications for the
    combined Defense and Commercial sectors, Alexium has appointed Reggie Didier, Vice President
    of Product Development. Reggie brings 31 years’ experience of product development and project
    management experience, working directly with customers, latterly at Royal Adhesives and
    Sealants. Reggie was also formerly a Colonel in the US Army Reserve.
    In addition, with the steady increase in Alexium’s involvement with the US DoD, Natick and
    Defense Sector programs, Alexium has recently appointed John Stelling to the role of Defense
    Projects Manager. “John brings substantial defense sector experience gained over 8 years
    working with contractors to the US DoD in the textiles sector, whilst with Milliken & Company”
    said Nicholas Clark, Alexium CEO and Executive Director.
    Mr Clark added,” this new customer relationship is further validation of the value Alexium brings
    to the FR marketplace, whilst these new staff hires reflect Alexium’s progress in achieving our
    strategic goals of solidifying a strong customer base for diverse and growing revenues. We
    remain on target for our projected 2015-year end results
 
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