Excellent wondered how we were getting on with the Euro car supplier, not far away and we'll see Alexium in some of the worlds most exclusive cars.
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Sales Update on Key European Automotive Fabric Supplier
Dear Shareholders and Viewers,As you are aware, Alexium has been working very closely with a European Automotive Fabric Supplier detailed here in a previous press release. We are pleased to advise Alexium has successfully passed the first phase of FR testing with this customer. This result is after a number of customer paid trials leading to full-scale commercialization. The second round testing includes: FMVSS 302 (standard automotive FR test), Fogging, Formaldehyde and Analysis of VOC (Volatile Organic Compounds)—all of which Alexium is currently passing on lab scale testing. The full scale testing will conclude within the next 15 days. Upon successful completion, we will announce the details of the secured contract and the numbers behind the award. We would also like to inform you that Alexium has begun working with iTextiles to secure an overseas manufacturing facility. This addition will help facilitate a more efficient and stream-lined operation to accommodate this customer, as well as other Eurasian customers.Dirk Van HyningAlexium President
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AJX Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held
