“We are seeing very good progress on FR nylon treatments and the transition phases. Production runs are about to start with Duro. In addition to the work with Duro, Alexium anticipates revenue growth from military contracts over the comings months.” stated Stefan Susta Chief Operating Officer.
Alexium has hit key technical transition milestones for Ascalon and is working with Duro to ramp up production capacity. This work is on schedule and a number of target fabrics will be introduced to the market by Duro in the coming months. In addition to anticipated sales revenues from these Ascalon treatments, Alexium is anticipating additional US$230K of revenues from military contracts over the next 6 months.
Alexium International Group
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