Alexium: Placement to US and German Institutional Investors
(firmenpresse) - Alexium: Placement to US and German Institutional Investors
June 22 2011 - Perth, Western Australia and Greer, South Carolina, (Alexium) (ASX:AJX) is pleased to announce it has placed a total of 13,500,000 shares at 10c each to raise AUD $1,350,000 (before costs) to US and European institutional investors.
The Arranger of the placement was Beaufort International Associates Limited, London (authorised and regulated by the Financial Services Authority).
Alexium’s revenue potential has been demonstrated through recent US and Europe presentations of its patented Reactive Surface Treatment (RST) technology which applies low cost cold microwave energy to surface chemical treatments enabling multi function protection such as fire retardance, water and oil proofing, anti microbial, UV, chemical and biological agent protection, and non stick treatment to a range of surfaces. Applications in commercial and defense sector areas involve surfaces such as textiles, filters, glass, packaging, paints and composites.
Recent highlights include:
1.The US$129m Uniform Integrated Protective Ensemble (UIPE) Department of Defense (DoD) tender announced on 20 April 2011 for the supply of Panther Tactical Chem Bio Suits to the US DoD.
2.The demonstrated increased productive efficiency of reactive surface coatings on textiles with the completion of a second modular RST microwave textile unit in Greer that can operate at higher speeds for larger runs of material.
RB Milestone Group in New York recently published and an independent research report on Alexium.
The funds raised will be applied towards supporting the UIPE tender, new commercial sector product development in the textile fire retardant area, work in filters, glass and composites and for general working capital requirements.
For more information visit: www.alexiuminternational.com
Contacts
United States
Stefan Susta
Executive Director
T: +1 864-908-6946
ssusta(at)alexiuminternational.com
United Kingdom
John Almond
Manager Europe
T:44 7815 100 859
jalmond(at)alexiuminternational.com
Australia
Gavin Rezos
Chairman
grezos(at)alexiuminternational.com.au
T. +61 86467 0101
M.+61412898235
Nicholas Clark
CFO & Company Secretary
nclark(at)alexiuminternational.com.au
T. +618 6316 6300
M. +61432412663
About Alexium
Alexium International Group Limited (ASX:AJX, AX:AJX) holds proprietary patent applications for a process developed initially by the US Department of Defence , 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.
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: 23.06.2011 - 14:21 Uhr
Sprache: Deutsch
News-ID 30710
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