Well well, not exactly a "left field" announcement, but I particularly like this part of the email:
"Upon successful completion, we will announce the details of the secured contract and the numbers behind the award".
Looks like we are finally about to get some detail regarding a significant contract (hooray). This is a particularly nice contract to have announced in detail given the following from the initial announcement back in June:
"We estimate the potential revenue opportunity for this client, for annual consumption of FR chemistry, to be in the order of $10-15 million annually."
$10-15 mill is definitely one of the bigger contracts we've had guidance numbers on so far (excluding the military stuff). Not only that, but being linked with a "luxury" European brand will have very positive spin-offs for the Alexium brand, in my opinion.
Looking forward to the official releasing of the deal and the details associated with it, in the next couple of weeks.
AJX Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held
