G Rezos retires from ILU board, page-61

Yes they've continually stated we have excellent margins, I'd expect 45-50% on average as all the product lines are different, but it should be around the 45-50%, the margins have been stated to be getting even better due to our one pass solutions that we're the only ones on the planet that can achieve with halogen free products.

Here's some aspects from the AGM release that shows why we're not only a market leader but also the market innovator.

Pg 6

No other firm has environmentally-friendly FR chemistry with minimal impact to other properties while meeting unique customer needs

Pg 14

• Highly consolidated market supply
  
  
• Alexiflam NF only current FR cotton offering with no
  formaldehyde
  
  
• In active negotiations with multiple global FR and chemistry
  providers for exclusivity license to manufacture and sell Alexiflam NF
  
  There are so many areas where we are the only safe option.
  
  
  
  That's why we're starting to take over entire markets.

Newsletter 1-12-16

"We are working with the largest outdoor fabric companies for camping equipment for a consumer and environmentally green Fire Retardant package that has the potential to take over the entire market. As we prepare for a bulk plant trial for 1Q17 adaptation near Shanghai in December, we are working with the top brands in parallel so we can complete a market transition to Alexium
technology in a matter of months. We also have achieved the highest tier burn ratings for Pyroman for Military Applications which has been a core market for Alexium since our inception."

And with over 500 customers generated in 18 months, by mid 2017 with a 90% retention rate, what a great sales success story.


What a fantastic story, excellent growth with great margins!

Cheers.