Alexium Developing Extensions to FR Treatments - Aiming for Highly Lucrative Military & Commercial Applications
(firmenpresse) -
•Alexium extends it flame retardant (FR) nylon treatment to blended fabrics.
•US Department of Defense purchases an estimated 27 million linear meter of nylon/cotton blended fabric (NyCo) as standard issue annually.
•NyCo fabrics are purchased for 2.2 million soldiers each year.
•Alexium’s patented technology could allow for the first time, an environmentally friendly and cost effective FR treatment solution for nylon blended fabrics.
•Industrial work wear and emergency services represent additional large market
•Alexium continues its commercial roll-out of its 95% nylon treatment for Duro.
Perth, WA and Greer, South Carolina, Alexium International Group Limited (Alexium) (ASX:AJX, AX:AJX, OTC QX:AXXIY) announced today that Alexium is extending its flame retardant (FR) nylon treatment to nylon/cotton fabric blends. Nylon/Cotton FR treatments represent one of the largest specialty chemical opportunities in the textile market, with the US military purchasing an estimated 27 million linear yards of nylon/cotton fabric in “standard issue” apparel items annually. Further, commercial applications, such as industrial work-wear, will add large volume market multiples, and thereby represents the largest market opportunity in Alexium’s current project portfolio.
Whilst Alexium’s novel nylon FR treatment is transitioning to production, and commercial roll-out with Duro Textiles, Alexium is broadening its development pipeline to pursue the most viable and lucrative applications. Recent technical developments have demonstrated that FR treatments on nylon blends, such as 50/50 nylon/cotton, are a very attractive target from a technical and commercial perspective.
Alexium plans to collaborate with chemical suppliers, fiber producers, and fabric finishers to develop an affordable FR solution for blended fabrics for the defense and commercial markets.
NyCo fabrics are purchased for nearly 2.2 million US soldiers as “standard issue” fatigue uniforms. However, while tough and comfortable, these fatigue uniforms melt and drip when exposed to high heat, melting to the skin and causing severe burn injuries. To prevent burn injuries from improvised explosive devices and vehicle fuel fires, the US began to issue fire resistant combat uniforms, such as the FR-ACU, for deploying soldiers. These FR-ACU’s do not melt or drip, quickly self-extinguish - but also cost nearly twice as much and have not kept up with nylon/cotton blends with respect to durability and service life.
To reduce the acquisition costs, only a limited number of FR-ACUs are provided to each deploying soldier. Longer term, the US military is still seeking comfortable, durable, and more affordable FR solutions. Alexium is developing a chemical solution that will be durable and much lower cost, but provide comparable performance attributes to the FR-ACU.
For many commercial applications, Alexium’s FR treatment could lead to establishing new categories of FR and technical fabrics - allowing for the textile industry to use much higher percentages of nylon in FR fabric blends, increasing strength and fabric performance.
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
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