AJX (ASX) The market has spoken

Originally posted by hottod ↑

Like HKL, I probably see the progress of this company from a different perspective. I only bought in late last year after following and researching the company for some time.

It was the diversification of FR in markets outside the military and into chemistries such as Alexicool which attracted me as did the commencement of rapid growth in revenue. Previously, when most of the focus was on selling FR to the US military, I preferred to steer clear, having been invested in other ASX companies which entered development programs with US government bodies. My experience is that initially shareholders are excited, thinking that collaborations with the US Gov = Stars and $$$$, Security and Validation...but in reality, these collaborations are inherently uncertain and excruciatingly drawn out.

As a more recent investor, talk about the current lack of news flow makes me laugh. Sure, the monthly newsletters have stopped but compared with many other companies, news continues to flow at AJX, to the point where I find it hard to keep up. For that reason, I've summarised developments over the past few months based on information in announcements (NB: as these are simply my summary notes, errors or omissions are possible). In my opinion, this isn't a picture of a company with gloomy prospects.

Column 1 Column 2

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ALEXICOOL

Thermal Management
FR
Odour Control

PILLOWS + MATTRESS TOPPERS & PADS, DUVETS

Pegasus Agreement est. US $10m pa

Revenues est. to commence H2 2017

MATTRESSES – (gel layers and fabric layers)

Current major source of revenue

Current sales to 11 finishers into dozens of brands

New production trials in Belgium, Germany, Turkey, Canada

NASCAR UNIFORMS

Revenues est. to commence H2 2017

Est. US$3m revenue by mid-2018

FABRIC – INVISIBLE PCM

working with major supplier of retail apparel fabrics

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ALEXIFLAM DW

Thermal Management
Wicking

HOUSEHOLD APPAREL

working exclusively with “worldwide leader in innerwear/outerwear” to offer Alexicool globally on customers brand

Est. revenues to commence late 2017

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1
ALEXIFLAM NF

FR for cotton, natural fibres, wood

launched at Techtextil in Europe in May with “extremely strong market response”

recently upgraded durability to 100 industrial laundering standard

likely strategy to license in EU and supply direct in US where market is very consolidated

targeting military, workwear, fleece in outdoor clothing, barrier fabrics in bedding, barrier fabrics in industrial applications

have commenced trials with multiple large manufacturers in multiple market segments

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1
ALXIFLAM FR

FR for synthetics and synthetic blends such as NyCo

US MILITARY

Army & Marine Combat Uniforms

FR treated NyCO completed to new spec. and now in Pyroman testing phase

WORKWEAR

working with a number of partners

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ALEXIFLAM PB

FR for 100% synthetics
Durable Water Repellent

OUTDOOR FABRIC & TENTING

presented at US Outdoor Retailer Show in May

negotiating supply agreements with multiple major players in tenting fabric

partnered with ICL “to work with end retailers to develop new industry standards for ecoconscious FR solutions”

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ALEXIFLAM SYN

FR for Epoxy Resins

CIRCUIT BOARDS

in UL testing with major supplier to market

working with ICL to launch material/process globally to its extensive network of customers

Expand

Good summary and well written as usual.

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(20min delay)
Last 0.8¢		Change -0.002(20.0%)		Mkt cap ! $12.49M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.8¢	$27.54K	3.021M

Good summary and well written as usual.

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