New customers :)

Well have finally reread the news letter a few times such a great news letter when one takes the time to digest it all. What really has hit me after the rereading is how fast Alexiums foray into non textile market has been. We were told about first customers using Alexiflam Syn-Fill in Oct and here we are now with this latest snippet from the news letter regarding this market
"Early testing from two large resin producers in late 3Q were very encouraging, with trials in both opportunities moving from pilot scale to full-scale FR polymer production targeted for fiberglass composites. This customer ordered more scale up chemistry and are expected to purchase additional chemistry in early January. Based on the speed of technical work and customer adoption, these two opportunities in the polymer and resin industry—which is Alexium’s next market focus—have monthly run rates of up to $4M per month. Alexium recognizes the importance of this new industry and will continue to shift the focus onto this segment in 2016."
This snippet alone from the newsletter should have everyone jumping out of their skins. Ajx just keep ticking boxes its amazing at how quick these new customers seem to be taking up our product.

Also this snippet regarding new markets

Additionally, the Research and Development (R&D) Group has a number of new products under development. These products cover a broad range of markets, including the following:  FR textiles  Resins for electronics  Resins for composites Now that these new products have been synthesized and evaluated for these applications, we are moving into scale up efforts for these. Because these new products offer whole new market opportunities and sources of revenue, the R&D Team is keen to commercialize these as rapidly as possible. With recent hires on both the R&D and Operations sides of Alexium, we are well poised to make a big impact on how 2016 looks for Alexium.

So if the uptake in these new markets is as quick as the above customers sheesh 2016 is going to be huge backs up what Dirk said in the news letter

"A major focus for next year, as Dr. Brookins outlines in the R&D update, will be continued expansion outside of textiles into the much larger resins, coatings and plastics markets in FR chemical sales. Due to rapid traction in Alexium’s initial forays into these markets, we plan on rapidly building Alexium’s presence in those markets - and we believe our initial opportunities in those sectors, in addition to our existing textile business, will allow Alexium to realize significant bottom-line profit in 2016."

So how can the market get it so wrong AJX is rapidly expanding under great management increasing its customer base and revenue rapidly growing. After reading the news letter I am more excited about the non textile side of AJX. Bring on 2016 its going to be a cracker by the sounds of things. All my view have a great weekend all