Increased Market Share for Alexium
Dear Shareholders,
The size of Alexium’s market for environmentally-friendly FR technology continues to expand as more information is disseminated about the risks of toxic brominated flame retardants (BFR) and companies in various sectors such as home furnishings and outdoor shift their buying habits.
In today’s issue of Greenwire, an article entitled “Flame retardants leave toxic legacy in Mich.” discusses the long term effects of polybrominated biphenyl (PBB) which was banned in the U.S. in 1976. Click here for link (subscription required for full access).
After the use of PBBs were discontinued, other BFRs such as PBDE became more prevalent and were used in a number of applications, but safety concerns arose about the health effects of that generation of BFRs as well. Currently, toxic BFR in Europe and in other countries are banned or restricted. In the U.S., over 20 states are considering or have enacted bans or restrictions on certain flame retardants.
With the Alexiflam family of products, we provide the market with an alternative — innovative, eco-conscious flame retardants for a number of applications, and that is critical to our current and prospective customers. The safety of the Alexiflam family of chemistries, combined with the superior performance of our products and our ability to customize solutions, truly differentiates us in the market and is producing increased demand.
Dirk L. Van Hyning
President
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