When you go back and look at what has been achieved since the new management took over it is quite impressive. 2 supply Ageements signed and locked in for minimum 2years. MOU and a Development Agreement working its way in the back ground.
It will be very interesting to hear from the CEO on tuesday
Perth (Australia), Greer (South Carolina, US) – 25 July 2019: Alexium International Group Limited (ASX: AJX) is pleased toannounce the signing of a supply agreement with Pegasus Home Fashions, a New Jersey based supplier of pillows to retail channelsof distribution.Under the agreement, Pegasus Home Fashions will use Alexicool® products for top of bed applications, with a focus on pillows.The agreement has an initial two-year term and may be automatically renewed for successive one-year terms. The agreementspecifies the provisions for the commercial relationship, including pricing and supply capabilities but does not include any termsfor exclusivity. This supply agreement formalizes the relationship previously outlined in a Memorandum of Understanding enteredinto with Pegasus Home Fashions in 2017 and aligns Alexium with an industry leader for a key segment of the bedding market.Alexium management has conducted due diligence on Pegasus Home Fashions and its suppliers, and they are confident with thedistribution plan established by Pegasus Home Fashions
On 28 March, Alexium entered into a Supply Agreement with a multi-billion-dollar North Americanmanufacturer of mattresses as the preferred supplier of phase-change-material products for textileapplications to their bedding products with the intent to form a strategic partnership.Under the Supply Agreement, Alexium will provide its Alexicool® products (a proprietary line of phasechange-material products) for application across the mattress manufacturer’s brands. The SupplyAgreement has a two-year term that may automatically renew for successive one-year terms. ThisSupply Agreement clearly illustrates Alexium’s alignment with a leader in the mattress industry toprovide mattresses with improved thermal regulation
Memorandum of Understanding (MoU) signed with ICL, a global speciality minerals andchemicals company, for the development of a strategic partnership for the global marketing,sales and potential manufacture of Alexiflam NF for cellulosic materials such cotton-richtextiles
On 26 March, Alexium announced the signing of a mutually exclusive Development Agreement withPine Belt Processing (Pine Belt), a subsidiary of Warmkraft, Inc., covering the development andpotential supply of Alexium’s flame-retardant chemistry for the treatment of nylon/cotton militaryuniforms.
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