100 million mc no problem if in doubt just read whats in the pipeline glta
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Alexium International's re-rating may be just the beginning
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Publish date: Fri, 14 Nov 15:30
>> Read article in News website Alexium International Group (ASX:AJX, OTCQX:AXXIY) has been one of the best performing stocks on the ASX in recent months, as the company's valuation continues to climb as key milestones are achieved.The stock is trading 10.4% higher intra-day at $0.265 on strong volume of over three million shares.Yesterday AJX hit a fresh 12-month high of $0.295, which is close to double where it was a month ago and three-and-a-half times higher than in August this year.MilestonesThe company has made faster than expected progress in the U.S. military sector. This could lead to orders for its fire retardant chemistries that could be very profitable in the long run.This includes hosting a visit from influential South Carolina Senator Lindsey Graham, who sits on the Senate Budget Committee and the Committee on Armed Services, as well as meeting directly with the Natick R&D Center rather than through a third party.It has also increased the number of customers in the transportation market by two to five. These could deliver potential annual sales volume of US$10 million.Two of its transportation opportunities have also expressed interest in the company’s new wool FR treatments, which targets a market that accounts for more than 10 million yards of fabric consumption per year in the U.S. alone.Besides the interest and sales from U.S. corporations and the U.S. Government, Alexium continues to work with UK customer and agent Euroflam.This includes production trials on over 40 fabrics that have led to further development opportunities in the European soft furnishings market, with key customers pushing the advancement of Alexium chemistry.The company also continues to work with Pakistan-based Asian/European distribution partner iTextiles.iTextiles received Alexium’s chemistry on-site to commence scale-up runs with their key customers. The two companies have also embarked on a co-branding opportunity for workwear fabrics in Europe, representing a million yards of fabric per year.Earlier this week, the company partnered with New York’s EAS Advisors to provide support for its continued growth in the U.S. including a proposed listing in 2015.EAS Advisors was founded by Eddie Sugar in 2008 and has a strong record of success in exposing ASX listed companies to the U.S. market.
AJX Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
