Alexium Alexium capitalises on growing Fire Retardant demand -...

Alexium Alexium capitalises on growing Fire Retardant demand - * (AU)
has recently been building its revenue pipeline for its fire retardant technology, and this could be about to receive a major boost.

Alexium said that it has brought in more than 40 leads from a recent Industrial Fabrics Association International exhibition in Anaheim.

The leads importantly come from a variety of markets, which helps to diversify demand and reduces reliance on the success of an individual market segment.

These include from the military, home furnishings, medical, outdoor, workwear and the non-woven sectors worldwide.

Alexium now expect to begin receiving fabrics and requirements to proceed into the developmental stages from these leads for new revenues.

In addition to generating solid leads, the company also met with several existing partners and customers further solidifying existing relationships.

Dirk Van Hyning, Alexium president, commented: “We are very pleased with the turnout and success of this show.

"Even more importantly, we realize that Alexium is becoming even more well-known with key decision makers in the industry.

"A recognizable number of significant companies came to seek Alexium out.

"This indicates that our branding/marketing efforts and reputation are beginning to take route.”


Analysis

In September 2015 Proactive Investors said that it expects Alexium revenues for FY16 to receive a significant boost following its first full large scale production order from its major US Bedding customer.

Now the new 40 plus leads for the company will potentially further add to this in FY16, but more importantly begin to build the pipeline into FY17 and beyond.

Alexium has already proven that it can grow the revenue attributed to each customer, so therefore with more potential clients - future metrics could significantly improve.

Alexium also continues its ongoing relationship with the U.S. Department of Defense which shows the value and performance of its treatments in the market place.

Shares in the company last traded at $0.98, or more than six times higher than 12 months ago.

Sydney firm Foster Stockbroking has a Buy Recommendation on Alexium.


http://www.*.com.au/companies/news/...s-on-growing-fire-retardant-demand-65079.html