Alexium Announcing Technical Development Break-Throughs on Flame Retardant Treatment of Nylon Cotton Blends; Market Introduction to Follow under the Nycolon™ Tradename
(firmenpresse) - Alexium Announcing Technical Development Break-Throughs on Flame Retardant Treatment of Nylon Cotton Blends; Market Introduction to Follow under the Nycolon™ Tradename
2 MAY 2013
•Alexium clears early development milestone on 50/50 Nylon/cotton blends
•Moving to discussion on licensing with potential licensees
•Alexium’s flame retardant (FR) chemicals for nylon blends will be introduced to the market under the Nycolon™ trade name
•Nycolon™ aimed at one of the most lucrative market opportunity in the US and worldwide textile industry.
•Nycolon™ to be specifically designated for FR treatment for nylon blends.
•Adds to the Ascalon™ trade name for 95%+ Nylon FR fabrics
Perth, WA and Greer, South Carolina, Alexium International Group Limited (Alexium) (ASX:AJX, AX:AJX, OTC QX:AXXIY) announced today several development breakthroughs on flame retardant (FR) treatments for nylon blends, as well as the introduction of the Nycolon™ trade name for these FR treatments.
Alexium has cleared an early development milestone of Nycolon™, producing a wash-durable, self-extinguishing FR treatment on printed 50/50 nylon/cotton fabric. The 50/50 NyCo fabric treated with the Nycolon™ treatment does not melt or drip when exposed to flame tests. Encouraged by these early results and speed of development, Alexium will continue refining the treatment and conduct extensive tests to address all military performance requirements. Some of this work is currently being performed under contract with the Marine Corps via Alexium’s affiliate and development partner Alexium Government Solutions.
Nycolon™ is aimed at one of the most lucrative opportunities in the United States and worldwide textile industry: a durable topical FR treatment for the 50/50 Nylon/Cotton combat uniforms. Over 2 million US soldiers are issued 50/50 NyCo garments as standard issue fatigue uniforms. Alexium estimates a market potential of 27 million yards to supply US military users. Other global markets and commercial applications, such as industrial work wear and first responders, are expected to add additional volume exceeding an additional 50 million yards.
“We are quite pleased with the pace in which this stage of development was reached and very encouraged to accelerate this work. Adding the Nycolon™ trademark to our portfolio will allow us to effectively distinguish and market our products between 95% Nylon and Nylon blends such as Nylon/Cotton.” stated Stefan Susta, Alexium’s Chief Operating Officer.
The Nycolon™ trade name is specifically designated for flame retardant treatments of nylon blends. Analogous to the Ascalon™ treatment on 95% nylon fabrics, where Duro Textiles LLC is our licensee partner for North America, Alexium will be seeking partners for commercial roll-out this year and anticipates product revenues to grow via licensing agreements.
For more information visit: www.alexiuminternational.com
Contacts
United States
Stefan Susta
Chief Operating Officer
ssusta(at)alexiuminternational.com
T: +1 864-908-6946
Nicholas Clark
Chief Executive Officer
nclark(at)alexiuminternational.com.au
AUS M. +61 432 412 663
US M. +1 864 991 6687
Australia
Gavin Rezos
Executive Chairman
grezos(at)alexiuminternational.com.au
AUS M. +61 412 898 235
UK M. +44 7447 560 303
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 water proofing, oil proofing, anti-microbial, non-stick and UV protection. Applications under development include but are not limited to textiles, paints, packaging, glass and building materials. Alexium’s fire retardant treatment for 95% Nylon based products is marketed under the Ascalon™ trademark. Alexium’s fire retardant treatment for nylon blended materials such as nylon/cotton (Nyco), is marketed under the Nycolon™ trade mark.
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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Datum: 02.05.2013 - 15:11 Uhr
Sprache: Deutsch
News-ID 255585
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