Customer Contracts Further Orders to Extend Alexiflam(TM) Treatments to Additional Products
PERTH, WA and GREER, SC--(Marketwired - Jun 16, 2015) - Alexium International Group Limited (Alexium) (
These continuing purchase orders follow on from the Customer's very successful trial commercial production runs commenced in May on Alexiflam™ treated fabrics.
As the Customer's product roll out accelerates, the potential sustainable revenue for Alexium from this initial program is expected to be in the range of USD$200,000 to USD$300,000 per month.
Further, following on from the strong full-scale test results on the initial program, this Customer is now expanding the use of Alexiflam™ to additional product lines at full commercial scale, which has the potential to produce further 3rd and 4th quarter revenue for Alexium, generating between USD$5M and USD$15M on an annual basis. "This successful continuation of orders from this Customer confirms Alexium as a premier provider offering environmentally friendly, Fire Retardant (FR) solutions tailored to each customer's requirements. We look forward to expanding the use of Alexiflam™ as the FR solution of choice for the home furnishings market," said Steve Gravlee, Alexium's Vice President of Sales.
Alexium CEO Nicholas Clark added, "This is an important milestone in the growth of Alexium. This Customer, who is a world wide leader in the home furnishings sector, has engaged with Alexium in a strong partnership and quickly moved to expand the use of our FR treatments to multiple product lines, evidencing their strong commitment to environmentally friendly and effective FR solutions for consumer products." Mr. Clark further added, "Becoming this Customer's FR solution provider has the potential to expedite Alexium's business in the home furnishing market."
Alexium will provide further information on this Customer, once products are in stores. For more information, please visit Alexium's website at www.alexiuminternational.com
About Alexium
Alexium International Group Limited (
Contact Information:
CONTACT INFORMATION
U.S. Contact:
Marketing & Investor Relations Department
InvestorRelations@AlexiumInternational.com
U.S.: +1 864.603.1165
U.S. R&D Center:
8 Distribution Court
Greer, SC 29650
T: +1 864.416.1060
F: +1 864.752.6465
U.S. Corporate Office:
148 Milestone Way
Greenville, SC 29615
T: +1 864.603.1165
F: +1 864.752.6465