Alexium International Group: US Air Force Contract Revenues
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Alexium International Group: US Air Force Contract Revenues
•Alexium receives second progress payment from US Air Force
•US Air Force continues to expand its relationship with Alexium
•Further progress payments to be received over the next 5 months
•Potential for additional work orders from the US Department of Defense
Perth, WA and Greer, South Carolina, Alexium International Group Limited (Alexium) (ASX:AJX, AX:AJX, OTC QX:AXXIY) announced today Alexium has received its second progress payment on the US Air Force contract this month, with additional progress payments on this Air Force contract expected over the next five months. Alexium’s financial position is strengthening, based on growing revenues from a US Air Force contract, awarded earlier this year and continued revenues from its commercial roll out of its novel FR nylon treatment.
These US Air Force payments are based on progress on a contract to evaluate Alexium’s Cleanshell® CB repellency treatments for the outershell fabrics of Chemical/Biological (CB) protection ensembles. Early test phases have demonstrated that Alexium’s Cleanshell® CB treatments can be applied to provide excellent water and oil repellency - but can also dramatically increase repellency of Chemical Warfare Agent simulants on a range of different fabric types. The next phase of testing will focus on testing against a range of “live” chemicals, such as Soman and Mustard nerve agents, on a number of Cleanshell® CB treated fabrics.
While this work with the US Air Force is proceeding on schedule, Alexium anticipates the potential for additional purchase orders from the US Department of Defense in relation to its Cleanshell® treatments. Alexium is also continuing to receive revenue from commercial relationships related to the commercial roll out of its novel FR nylon treatment.
For more information visit: www.alexiuminternational.com
Contacts
United States
Stefan Susta
COO & Executive Director
ssusta(at)alexiuminternational.com
T: +1 864-908-6946
Australia
Gavin Rezos
Executive Chairman
grezos(at)alexiuminternational.com.au
T. +618 6162 1358
M. +61 412 898 235
Nicholas Clark
CFO & Company Secretary
nclark(at)alexiuminternational.com
T. +618 6162 1358
M. +61 432 412 663
About Alexium
Alexium International Group Limited (ASX:AJX, AX:AJX, OTC QX:AXXIY) holds proprietary patent applications for a process developed initially by the US Department of Defense , which allows for the surface modification and attachment of nano particles or multiple chemical functional groups to surfaces or substrates to provide functions such as fire retardance, water proofing, oil proofing, anti-microbial, non-stick and UV protection. Applications under development include but are not limited to textiles, composites, paints, packaging, glass and building materials. Further information is available at www.alexiuminternational.com
About OTCQX
Alexium International Group Limited (OTCQX: AXXIY) trades on the OTCQX, the top tier of the OTC market designed for the best OTC companies that meet the highest financial standards and undergo a qualitative review. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com
Leseranfragen:
Alexium International Group
Level 28, AMP Tower, 140 St. Georges Terrace, Perth, Western Australia 6000
Tel.: +61(08) 9486
Fax: +61(08) 9486
info(at)alexiuminternational.com
Datum: 17.12.2012 - 11:18 Uhr
Sprache: Deutsch
News-ID 213196
Anzahl Zeichen: 3726
contact information:
Town:
Wien
Kategorie:
Business News
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