Alexium completes full scale up commercial run of chemistry to U.S. client
Date
5/14/2015 7:58:10 PM
(MENAFN- ProactiveInvestors)
( AX:AJX OTC QX:AXXIY) has successfully completed a full scale up commercial run of chemistry with its newest client in the home furnishings market in the U.S.
This result continues to prove Alexium’s chemistry is market ready and validated within the consumer marketplace.
The fabrics being tested under the successful commercial run have now be made into the complete home furnishings product with a final Quality Assurance test and check process to take place.
Alexium anticipates full scale production and consumer roll out in the large US market is less than 90 days away for this customer.
This is a potential $3million to $10million per annum revenue opportunity for Alexium.
Nicholas Clark CEO of Alexium said:
“We are continuing to impress existing customers and our new customers with our award winning and environmentally friendly flame retardant chemistries.
“Alexium remains on track for revenue targets and we have since obtained a number of additional customers following the recent successful trade show appearance in Frankfurt where we shared a trade booth with our partner iTextiles.”
Alexium will provide a further update on this opportunity to the market.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.