Receives First Purchase Order for Alexiflam SYN-FILL(TM)
PERTH, AUSTRALIA and GREER, SC--(Marketwired - Oct 15, 2015) - Alexium International Group Limited (Alexium) (
Highlights:
Alexium International Group Limited (Alexium) (
This is a pivotal development for Alexium given it is the first revenue outside of the initial target market of textiles.
According to the MarketsandMarkets analysis, detailed in a press release earlier this year, the FR markets outside of textiles are projected to have revenues of US$6.6 billion by 2019.1 Due to the size of these markets, Alexiflam SYN-FILL™ was developed and validated for use in a variety of applications including: adhesives, laminations, resins, films, coatings and masterbatch processes. Potential end uses range from electronics, engineered molded plastics, building construction to industrial fibers.
"As Alexium's FR technology advances, the range of markets where they are applicable grows as well. This expansion into non-textile applications is a natural evolution of our work," said Dr. Bob Brookins, Vice-President of Research and Development.
In addition to this particular purchase order in the plastics sector, Alexium is also in various stages of development and production scale-up with several other companies around the world using Alexiflam SYN-FILL™. Early test data from these full-scale efforts have replicated our high performance lab-scale observations.
"Expanding the Alexium FR product line into the large non-textile markets, where brominated and halogenated FR products have been the mainstay over many years, has always been a key plank in our growth strategy. Our ability to provide an environmentally friendly, cost effective and performance enhancing FR solution as a safe and effective replacement technology in these large and valuable markets is a further demonstration of the depth of our capabilities in the FR area." - Alexium President, Dirk Van Hyning
About Alexium
Alexium International Group Limited (
Contact Information:
U.S Contacts:
Nick Clark
Chief Executive Officer
nclark@alexiuminternational.com
U.S.: +1 864.991.6687
Bradi Dobson
Marketing Specialist
BDobson@alexiuminternational.com
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
Australia:
Matt Wright
Investor Relations
matt@nwrcommunications.com.au
AUS: +61 451.896.420
ABN: 91 064 820 408
ASX: AJX