I can't add too much more to this from the Melbourne meeting today, just confirmation that many things mentioned already from other meetings was reconfirmed. A few comments from my interpretation of the discussion.
Pine Belt is the main player in treating US uniforms - but what I also got was that the revenue figure mentioned previously (Patersons & Melb Nov18 meeting) in regards to the potential of applying FR to the basic ACU was potential revenue from the Pine Belt / Alexium deal alone.
That should an agreement be done with Pine Belt/Military that while there may a ramp on to full production and full revenue potential this ramp up may be only over say 12 months.
I gather a formal agreement with ICL could be done later this year, or sooner. ICL have no FR treatment for cotton at the moment We could also look at other product lines with them eg wood, adhesives
Still looking good on EBITDA positive in Q4 on Alexicool alone, along with help from foam, improving margins and cost control. NF sales may contribute this year but look to them to ramp up quickly next year.
Seems Bob and the team have more meetings still in Australia, so looks like interest is being generated no doubt after recent announcements.
Just also on those announcements / cornerstones - for all 3 cornerstones we are now dealing with pretty much the largest global supplier in each of those areas – there are not many companies that can state that
AJX Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
